SearchLight Capital Partners
Any ideas of the type of deals these guys do? Seems very middle market in the PE side, and kind of distress on the credit side.
Curious to hear any feedback
Trending Content
| +41 | Alta Fox - How did Connor Haley do it? | 23 | 6h | |
| +36 | Intellectual Caliber of People in HF | 37 | 2d | |
| +36 | RIP Jim Simons | 27 | 1d | |
| +33 | Do you regret going into public markets investing? | 18 | 4s | |
| +20 | Is Quasi-MNPI The Ultimate Alpha Generator For Public Equities? | 6 | 6h | |
| +18 | Point 72 let go of seven long-short managers !! | 19 | 52m | |
| +18 | UPenn SEAS vs Cornell Engineering | 8 | 2d | |
| +17 | SM Career Trajectory | 5 | 4d | |
| +16 | PMs: move across platforms, latest terms | 15 | 3d | |
| +11 | Types of pods (quant/fundemental + strategy) @ Citadel, Millennium, P72, etc.. | 1 | 1d |
Career Resources
Wow good job
Bump
Generally is TMT focused and is well known in telecom and fibre space, but will invest in all sorts of transactions.
They have 3 PE funds and 2 opportunities funds (mostly credit in the opportunities fund) but even their most recent PE fund has invested in debt. Very flexible funds and will do complicated deals. The credit side is all high yield / distressed.
Strong leadership team that is well connected. The deal team all come from strong backgrounds, many from ivy leagues, BB and EB bankers, some from MF. Performance has been strong, most recent 2 PE funds are top quartile for their vintages I believe.
Oh, man. I needed this answer a month ago! Rejected interviewing with them lol. I thought was very middle market.
Anyway, thanks a lot, very useful :)
I’ve heard their fundraising hasn’t been going that well and that they’ve been slow to exit. Their mandate is interesting for sure and they have a great, sharp team.
They hired Ajit Pai not too long ago. All that said I get worried about a firm doing telco buyout chasing high returns because of all the infra capital in the space
Hey guys - do you know if associates / principals are generalist (i.e., covering both PE and PC side of the fund) or not ? Would be really interesting to have such a broad mandate as a junior
stellar distressed portfolio
I think they have at least one deal in the credit fund that will be a 0 in Europe. Maybe that’s offset by other positions but usually not a good sign…
do you know if associates cover both PE and PC or if they are separate teams?
I'd be shocked if they covered both. Totally different investing styles and mentality of course coupled with usually different target backgrounds for both (speaking generally and not counting the M&A analyst who gets a PC job or a Levfin banker who gets a PE role). Also they market their credit business as "Opportunistic Credit" which sounds a bit special sits/distressed to me which is further specialized and less likely to have an associate bundled into both that and PE. But could be wrong. If I remember correctly Centerbridge has their guys do both
Feel like closer you get to distressed / special sits, the more crossover you get to PE skill sets since underwriting equity risk. Especially in these more value equity shops that recruit restructuring bankers, partially due to how hairy their deals are.
Associates cover both since the PE fund also has capability to buy debt
Given that its public info might be worth looking into their involvement in Frontier Communications
https://searchlightcap.com/news/frontier-communications-announces-sale-…
This is Ziply, a HY debt issuer
Yes, purchased from Frontier by Searchlight and WDC lol
Iure quia rerum soluta libero quis veritatis. Ut provident corrupti aspernatur quo.
Facere laboriosam aut odio iure dolor. Consequatur sit aliquid sunt aut dolorem. Mollitia sunt aut qui minima hic voluptate vero.
Qui labore enim voluptatem voluptatum quia ab. Et unde voluptas in voluptatem quia dicta. Praesentium ullam nihil error distinctio ut beatae in quae. Quaerat cupiditate rerum consequuntur ipsa explicabo voluptatum. Repellendus sed aut dolore quibusdam et debitis sit. Omnis velit vitae doloribus exercitationem iure libero sunt explicabo.
Et molestiae perferendis unde sequi sit sed ipsa. Modi consequatur doloremque corporis recusandae autem. Error sequi dolorum sit et dolorem praesentium aliquam sunt. Voluptatem culpa eius eum est occaecati officiis autem. Ab sed velit voluptatem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...