I realize that many well-known PE firms have offices in Singapore. Can someone tell me how extensive these offices are (do they actually handle deals and do meaningful work or are they merely insignificant satellite offices)?
If I initially work in banking in Singapore, are there good opportunities in PE?
I had previously discounted my Singapore offer for NY, but, after getting the paperwork... the offer is a lot more attractive than I initially thought...
Thanks!
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PE shops in Singapore
I find it difficult to see how "insignificant satellite office" would function in PE. So you can rest assured that PE offices in Singapore are fully functioning offices.
As for whether there are good opportunities available, you have to understand that the PE industry in Singapore is very small and recruiting is more "discrete". Most teams are quite lean and there isn't a formal recruiting structure with X number of positions that need to be filled each year. That said, there won't be a herd of analysts graduating out of their 2 year programmes every year either as internal promotion has always been more prevalant in the Asian banking offices. In fact, most hires at PE offices are likely to have had >2 year experience even at the most junior levels.
There's been a build-up in staffing over the past couple of years in anticipation of increased deal activity and you even have people like Carlyle which shut down its Singapore office a few years ago reopening an office.
You also need to understand that transaction sizes in Southeast Asia are going to be smaller. Most transactions out here (even the ones by mega-shops like Carlyle and TPG) would be considered mid-cap.
Is PE pay in Singapore on
Is PE pay in Singapore on the same level as NYC/US?