Best FSG Groups
Anyone have color on the best fsg groups on the street, which ones hold the pen to model, technical experience, and exits.
Specifically interested in JPM/BofA
Anyone have color on the best fsg groups on the street, which ones hold the pen to model, technical experience, and exits.
Specifically interested in JPM/BofA
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The 'tixis brah
Used to be CS, now should be UBS? MS should also be top cuz they do in house.
but the head of cs sponsors went to wells fargo
So, would you say MS FSG is the best rn on the street
UBS was a sponsors-led bank and still is. Given the number of new seniors across UBS coming in and a historic focus on sponsors, I would still say UBS has a top sponsors group. The UBS sponsors team also holds the pen on the model, which is the most important thing when thinking about good sponsor groups at the junior level.
Are there any decent sponsor groups that don’t model and are more relationship oriented? Thinking maybe EBs and MMs might offer this, as they don’t have a balance sheet like the BBs do.
Jefferies and WF are the biggest ones I know
Genuine question why would you prefer this as a junior? I would think it significantly limits your exit options.
I dont think necessarily true, I would imagine if you're getting relationship experience you would get the opportunity to network with a lot of sponsor clients and know more about their company, culture, and recruiting timelines. Anyone can teach themselves an LBO.
Personally, I still side with going with a more technical group like LevFin.
WF Sponsors group has been on a massive come up
I don't know why I'm getting monkey shit lmao. At my PE firm, we literally shifted from working with CS as our lead on most deals to WF.
Think people still unnecessarily shit on WF blindly, give it more time
Do EBs have sponsors groups? Are they maybe folded in w capital markets or something? Esp curious about EVR/PJT
Don't think as many EBs do but a lot of MM firms have sponsors groups that are pretty much all relationship seniors and given lack of underwriting/lev fin, very limited junior analytical support.
anyone have any info on MS FSG group?
Bump
execution-based, work with mega fund maybe some mm pe? but no clue about the deal flow tho
Anyone have info on DB?
Probably one if the not the best groups at DB - analysts tend to exit well, and they will usually be the ones doing the model (work can sometimes be spread across the LevFin team as well). Mostly based in NYC but small team in SF as well.
Strongest generalist group at DB, but still not top of the street. Stating generalist since DB's Real Estate group is strong too, but exits for that is almost only into real estate.
x
Isn’t consumer strong as well?
thoughts on jpm's group?
.
does JPM FSG hold the model? Thought I heard they didn't but could be confusing with someone else
Wb BofA
Think it shakes out:
JPM
MS/WF
BofA/DB/UBS/Jeff
Difficult to place any of the EBs and would consider it a different space entirely.
CS/UBS
cs/ubs sucks ass all the cs rainmakers left and now at WF
You’re gonna kill it at Wells Fargo bro
I know someone who interned at CS (now UBS) LA during the acquisition. Said the summer was a shitshow and pretty much everyone worthwhile got poached by WF and Santander.
Santander sponsors poached a several CS LA seniors and is in growth mode. heard their goal is to beat the old CS LA office record in annual fees. This years exits were to like Clearlake, LGP, Warburg, FP etc. super technical analyst program.
Can anyone confirm?
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