Who are the top PE shops based on the West Coast in order?
Here is my best guess in order of a combo deals, size, prestige, etc.
TPG
Hellman and Friedman
Silverlake
Oaktree Capital
Francisco Partners
KKR Menlo Park
Ares Capital
Warburg Pincus Menlo
Leonard Green
Blum Capital
Golden Gate Capital
Elevation Partners
General Atlantic Menlo Park
Carlyle San Francisco
Blackstone Menlo Park
Brentwood Associates
Calera Capital
How could you leave out Leon Black's group?
Excuse my ignorance here, but is Elevation really that good? I mean, sure they're ex-Silver Lake guys and yes, they have a billion+ fund but I would argue that's more about the founder's backgrounds and the Bono factor (which makes me want to puke). To me, they're still an unproven first fund that has made some iffy investments (minority stake in Palm?). Why does everyone insist on putting them in the same group as Silver Lake, Apollo, TPG, General Atlantic, etc.?
I can only imagine the reaction from Elevation's LPs to news of the Palm PIPE.
What a waste of time and resources...
Agreed. Do any real private equity professionals (i.e. not people on this board naming billion dollar funds) really take Elevation seriously?
You're right that Apollo should be right below H&F on this list. My mistake.
Elevation is certainly innovative and they are investing in IP and Media assets that most PE shops haven't even considered. The pedigree of the principals and their AUM certainly puts them on list. I admit they may need to be lower on the list.
The Prince of Wall Street
http://www.princeofwallstreet.com
That's your list in order? WTF
Ares before LGP? Elevation above GA? Francisco at no.5? Oaktree PE! (not distressed) as no.3? KKR as no.6? Dude, honestly you are way off. Maybe TPG no.1 cuz its SF centric and HF should def be up there but the rest are all over the place.
You realize that Oaktree has like a 2-3 bn fund right? and Ares is basically losing money on all its investments and Elevation is a joke etc....
That's your list in order? WTF Ares before LGP? Elevation above GA? Francisco at no.5? Oaktree PE! (not distressed) as no.3? KKR as no.6? Dude, honestly you are way off. Maybe TPG no.1 cuz its SF centric and HF should def be up there but the rest are all over the place. You realize that Oaktree has like a 2-3 bn fund right? and Ares is basically losing money on all its investments and Elevation is a joke etc....
why are so many of those mofos in menlo park?? why not put yo office in the financial district in SF?
Because most of these guys have families and it's nonstop 75 degree sunny beautiful weather.
The joke in our office is hey maybe some of our investments are doing poorly, but at least their better than elevation's!
really? wow...i'm don't know the company well, but i thought PE, bono, silver lake connection, must be really bad ass. Do the employees make standard PE salary? I have a friend at elevation, always cocky, can i talk trash to him next time?
And tell him what? "Dude, I heard your shop sucked on Wallstreetoasis.com!"
The people there seem largely from top-tier places: Blackstone, Silver Lake, Bain Cap. I'd give it some time...it's a new firm, and IRRs mean little until you've actually exited an investment. I agree, the palm buyout seems dumb, but maybe after 5 years, we'll look dumb instead.
The Bono thing (and by thing, I mean Bono himself) is pretty lame, you have to admit. It just ruins any credibility they have by turning what they're doing into a huge marketing gimmick.
http://equityprivate.typepad.com/ep/2007/06/elevated_divide.html
I can certainly vouch for Golden Gate Capital. Top-notch firm with long-term view.
Umm, this thread is 5 years old...
Can be even more relevant today, as given the boom around San Francisco, PE opportunities there are desirable.
Anyone knows good headhunters in this area?
I believe Carter Pierce is strictly West Coast focused.
Does anyone have solid insight into the West Coast buyside firms/lifestyle? Would be much appreciated!
PIMCO Blackstone
No. No you can't.
heard the people at Golden Gate kinda suck (as in they're dicks) from a friend who went there from MBB, just one data point but eh. i'd be interested in hearing about west coast growth equity shops outside of elite VCs with growth teams/that do growth rounds (Accel, Sequoia, etc.) and typically later stage players like Kleiner, it seems like a lot of them are based on the east coast for whatever reason?
what about Stepstone?
West Coast PE Shops (SF/LA) (Originally Posted: 02/13/2011)
Where can I find a list of PE shops in LA and SF? Obviously I know about the big hitters (LG, Golden Gate, etc), but I am hoping to learn about more places. I imagine there are lots of smaller guys that are not spoken about much?
Any thoughts are appreciated... even just posting names of places you have heard of.
Thank you
pretty sure this is findable with a search but i'll help out.
SF: TPG, Golden Gate, H&F, FFL, FP, ThomaBravo, GenStar, Vista Equity, calera capital Menlo: KKR, SLP, Elevation, General Atlantic
there are certainly more 'growth equity' type shops in the bay as well, but i'm less familiar with them, uncertain if they make your screen - names like TCV, Summit, should come up here
i'm not as familiar with LA but: LA: LGP, Apollo (LA)
.
very helpful, thank you
anyone else have any thoughts?
very helpful, thank you
anyone else have any thoughts?
There are a number of other MM funds: Century Park, TSG Consumer, Mainsail, VMG, Swander Pace, Gryphon Investors, HIG has a west coast office, Weston Presidio has a SF office
LA: Gores Group, Platinum Equity, LGP, Ares, Oaktree (more debt related work), Yucaipa, Brentwood Associates, Aurora Capital, Freeman Spogli
oak hill
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