blackstone restructuring
heard they placed very well; anyone know where previous analysts are now or how large the group is?
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Size: about 40 in NYC and 10 in London
Previous analyst placements: 2010: Centerbridge (2), Baupost (1), AEA (1), GSO (1), Anchorage (1) 2009: BREP (1), Fortress (1), Baupost (1), Apollo (1), Taconic (1) 2008: Tiger (1), TPG-Axon (1), BX PE (1), Angelo Gordon (1)
how does one know of such secrecies
wow that's damn good placement.. interesting that most choose to go into HF/hybrid instead of KKR/TPG where they probably also received offers
Any idea how Blackstone M&A has placed?
of course--it's BX restructuring.... use your head
well the thing is I remember hearing that BX restructuring candidates are top candidates at the LBO megafunds as well, so the fact they chose the HF side (and many of these like Baupost/Tiger aren't even distressed focused) is an interesting indicator of where the top candidates are going.
Remember hearing about the commoditization of PE (as seen via the IPOs, expansion of the top funds into multiple lines) causing candidates to go into HF which are seen as more nimble
BX restructuring analysts were more attracted to the PE side before 2008 -- Apollo, TPG, etc. HF hours are better, less process / team oriented, more intellectually stimulating, high y/e bonus vs. carry. PE has been a tough place to be for the past few years - not the same world of 2003 - 2007. Many analysts lean towards distressed (Centerbridge / Baupost / GSO) but others are looking to get exposure to event driven / deep value / macro strategies. BX restructuring leaves the door open to most funds regardless of strategy. BX M&A placement is similar but seems like placement is weighted heavier towards PE than HF's.
June 2011 class placement for restructuring: BX PE (2), Eton Park (1), Centerbridge (1), Taconic (1), Apex PE (1), Oak Hill (1), Anchorage (1)
And you worked/worked there?
Anyone know where the analyst class of June, 2012 for restructuring and M&A went?
Not to hijack the thread, but since people are mentioning Baupost I was wondering if someone coming from GS FIG could land a fund like Baupost?
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