blackstone restructuring
heard they placed very well; anyone know where previous analysts are now or how large the group is?
Trending Content - Investment Banking Forum
| +196 | Evercore > Goldman and I don’t think it’s particularly close anymore | 75 | 1h |
| +160 | Article: Why UBS's Asian M&A bankers are thriving and UBS's American M&A bankers are not | 18 | 21h |
| +135 | Think Twice before Recruiting for HOUSTON IB!! | 60 | 16h |
| +74 | I hate Wells Fargo | 20 | 23h |
| +57 | No return offer - feeling like a failure is an understatement | 24 | 23h |
| +50 | How cooked am I as an incoming WF IB SA 2027? | 17 | 2d |
| +48 | WF Return offers | 32 | 14h |
| +41 | Should I go back into a junior IBD role for comp? | 19 | 17h |
| +39 | Mid-Level UBS Departure for another BB (Grass Isn’t Greener…) | 31 | 15h |
| +38 | No RO and Dark Thoughts | 11 | 2d |
Career Resources
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?
Dolores est provident dolore praesentium voluptates rerum dicta. Magni assumenda suscipit rem nisi in et eius ut. Porro ab et rerum sapiente dignissimos suscipit. Repudiandae aut ut dolores. Cupiditate deserunt quidem perferendis ut qui pariatur.
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...