Brookfield Capital Partners NYC
Hi Everyone,
Does anyone know much about Brookfield's PE division, I'm struggling to find much information online. Want to know comp, potential exits if I want to leave, hours, deal flow, culture, rep, hours, interview process, quality of work. Interested in their NYC office, if anyone knows anything that would be much appreciated.
I love the firms approach and they seem like some of the smartest guys on the street, also seem like they are up and comers and will be competing with the largest shops on the street.
Thanks
Hey SugarBanana18, I think you deserve a response...heck, everyone does. We're listening, sorry about the delay ...my best guess at places on WSO that could help:
Fingers crossed that one of those helps you.
Contact current and former associates on LinkedIn to get a more honest evaluation of the PE team. Former employees are less worried about the repercussions of saying negative things. During my interview process, all the associates I reached out to independently said some concerning things that turned out to be true. I didn't give them much credence prior to joining because I heard different things from the PE team during the interview process. In hindsight, I would have taken another offer.
Comp is off market, few exit opportunities, slightly worse hours than banking, Canadian firm so generally seem to be nice people but expectation for facetime, mostly business development on public companies given limited deal flow, approach to deals gives associates limited development opportunities. Toronto is the main office and base for decision making. The NYC office is modern and newly renovated. You can easily move between Toronto, NYC, London, and Mumbai.
Interview process is standard with behavioral and technical portions. They struggle to recruit top talent and retain associates. Role is advertised as career track, but it is equally as career track as most other PE firms.
Culture is an ongoing issue, but they have made improvements. Brookfield required all their employees globally to start returning to the office in May / June without using masks at our desks during the height of the pandemic. Several cases a week of coronavirus in the NYC office. The team felt uncomfortable coming back into the office but feared repercussions. From an employee value standpoint, this is a stark contrast to every other PE firm.
The PE team has mixed performance. Fund 3 was a write off, Fund 4 is mixed but should be good because of a few investments, Fund 5 is struggling but young. One important thing to note is that 1/2 of every PE fund ends up being internal capital, which is used to make up the shortfall from any issues fundraising with LPs. The real estate and infrastructure sides of the firm are great and have the reputation for being the smartest guys on the street.
Other similarly sized PE firms do not typically view Brookfield as their competition.
Can you share comp in PE, infra, and real estate?
Do you think this still holds true even though they’ve been more active recently? (Eg Nielsen acquisition last week and scientific games acquisition at the end of last year)
Two deals don’t make the firm. I would also caution people from making broad judgments on a firm’s capabilities based on club deals. When you actually dig in, one firm is leading diligence and the other is brought on as a financing partner vs. being deep in initial diligence. Hard to figure this out through public sources, but very true in most situations. I’m not saying the party that was brought on doesn’t do any diligence, but they are definitely not in the driver’s seat.
Do you know a bit more about the interview process and about the analyst roles? Do they offer some sort of training program - place can't get much worse than my current role.
Exit opportunities are slim to non-existent here. The below are the only data points for departures from the NY office over the last ~6 years:
2 went to HFs (not large name funds)
1 went to HBS (at BC Partners before Brookfield)
1 went to Apax (this one is admittedly a positive PE data point)
2 went to Point72 (not sure what type of role)
Apparently the culture has gotten worse. If you want to understand joining Brookfield versus another PE firm, I’d reach out to either the individual who left to HBS or Apax. They probably have the most relevant insights into what you can expect in contrast with a more traditional PE experience / reputable franchise.
A few more recent associate exits:
2 to PPC Enterprises
1 to Arsenal
Seems to mostly go downmarket. Any insights on why?
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