Carlyle Associates
UBS - Energy Mckinsey & Co. - NA NA - NA NA - NA Morgan Stanley - NA Deutsche Bank - Industrials JP Morgan - Financial Institutions Citigroup - Credit Transactions McColl Partners - M&A Greenhill & Co. - M&A Morgan Stanley - Venture Capital Lazard - M&A JP Morgan - Industrials Lazard - NA Credit Suisse - Leveraged Finance NA - NA Bear, Stearns & Co. - Global Industries NA - NA UBS - M&A Goldman Sachs - IBD Roland Berger - M&A Morgan Stanley - NA Capital Automotive Real Estate Services - Real Estate Morgan Stanley - NA Edgeview Partners - NA NA - NA Merrill Lynch - M&A Deutsche Bank - Leveraged Finance Merrill Lynch - Leveraged Finance Boston Capital - Real Estate Merrill Lynch - Financial Sponsors Bear Stearns - TMT NA - NA Seabulk International - NA Deutsche Bank - Technology Merrill Lynch - Real Estate JPMorgan - Financial Sponsors Lazard - Restructuring Morgan Stanley - NA Stifel Nicolaus - Real Estate NA - NA Credit Suisse - Power & Utility NA - NA "Merrill Lynch - NA" CarrAmerica - Acquisition Citigroup - Financial Services Northridge Capital - Real Estate Bear, Stearns & Co. - Leveraged Finance Lehman Brothers - Global Power JPMorgan - Leveraged Finance Mizuho Securities - Advisory Citigroup - Global Energy Lazard - M&A JP Morgan - M&A Morgan Stanley - Real Estate Merrill Lynch - Real Estate Banc of America Securities - Technology Credit Suisse - Global Energy Morgan Stanley - Telecommunications NA - NA NA - NA Morgan Stanley - Healthcare NA - NA KSI Management - NA Morgan Stanley - Global Energy Credit Suisse - Financial Sponsors Atlantis Group - Acquisition Morgan Stanley - M&A Credit Suisse - M&A Citigroup - Energy Bear Stearns - NA Morgan Stanley - Financial Sponsors Credit Suisse - Financial Sponsors Morgan Stanley - Financial Services Lone Star - NA UBS - M&A UBS - NA NA - NA
you get this off of their website?--what the heck does NA - NA refer to?
Yes, it is off their website. I had one of the interns make a spreadsheet today -- some of the people didn't go into banking, so the cells had NA -- I just pasted in the entire column.
Carlyle hired someone from Edgeview? Aren't those guys the chop shop of middle market investment banking? Perhaps this individual had some important relatives...
Odd, indeed. Edgeview isn't that great, but I've seen their pitches and they do look mighty fine.
Perhaps I'm a bit biased; I was recently given the unfortunate task of helping one of our portfolio Co's do an add-on acquisition for which Edgeview ran the auction. The VP and MD from Edgeview proved to be profoundly retarded, so I've probably just retained a grudge from the experience.
a point, or some sort of conclusion we are supposed to deduce from this?
Is this across all funds? or just Buyout? I saw at least one RE guy in there who I assume went into their RE fund.
From this you can deduce that Carlyle, a top (THE top according to PEI) PE shop, does not just pull its associates from GS and MS. Also, unless every NA meant consulting, it seems that you have a better shot at getting into Carlyle from a "lower tiered BB" than consulting.
Thanks for the list! Solid use of slave labor.
I think it proves more that the so called "higher tier" BBs really don't have much over the "lower tier" BBs in terms of exit opps. BB experience is BB experience. The "tiers" are simply conjugated by silly little monkeys that are looking for a way to one-up each other.
Ugh. I hate those PEI rankings. I would recommend buying a real database like preqin before you draw any conclusions (http://www.preqin.com/performance_data.aspx).
This is across all funds. Interns/Slaves/Plebes are good. Also, the intern told me that a few of the NA's were CPA's.
Guys, before you get all excited about the tiers not mattering and what not, you should note that up here Morgan Stanley (top tier) has double that of JP Morgan, which sent the second most kids to Carlyle (12 for MS, 6 for JPM).
Furthermore, it should also be noted that you guys are probably interested in where to associates entering Carlyle's buyout funds come from, in which case the data would be slightly different. Here is that information, directly from the website:
Morgan Stanley – 9 JP Morgan – 5 Goldman Sachs – 3 UBS – 3 Merrill Lynch – 3 Lazard – 3 Credit Suisse – 2 Bear Stearns – 2 Deutsche Bank – 2 Edgeview – 1 Mizuho – 1 Greenhill – 1 Evercore – 1 Blackstone – 1
Moreover, realize that coming from the lower tier banks, it is basically a prereq that you are coming from a top group (M&A/Sponsors/LevFin), and that for MS, those nine kids came from a number of very diverse groups (Tech, Real Estate, Healthcare, Media/Telecom, FIG, Energy&Utilities).
And btw, there are a number of other buyout shops where kids from the more prestigious groups (MS M&A, GS TMT, UBS LA, CS Sponsors) would fill up completely (e.g. KKR, Blackstone, Hellman & Friedman, Apollo). Despite what PEI says, Carlyle is far from the most prestigious firm, and while it is very big, it does not on average see the IRRs of the aforementioned shops throughout their existing buyout funds.
Hmm..no one from Citi went into Carlyle buyout?
Dipshit,
1) I just went through the buyout section -- I saw 4 from Citigroup
2) Almost all of Carlyle's associates are buyout or RE, very few are in the other two funds
That's something I always wondered. Using an IRR metric, what are the PE shop rankings then? Could someone with access to that information please give at least a rough list of that. Thanks
tons of information is available from those organizations that are subject to FOIA.
Here is Calpers portfolio:
http://www.calpers.ca.gov/index.jsp?bc=/investments/assets/equities/aim…
Bain would be near the top.
http://www.insidervc.com/Buyouts1.htm
Aspiringmonkey, please post some links. I'm actually genuinely interested in this - perhaps I read something incorrectly. But as it is, I checked the Europe, US, Japan, and Asia buyout funds and could not find any associates coming from Citi.
Btw, no need for the snide remarks, big man.
Here's two:
http://www.thecarlylegroup.com/eng/team/l5-team3510.html http://www.thecarlylegroup.com/eng/team/l5-team3229.html
Sorry for the snide remark, I couldn't control my impulses.
Don't worry about it.
And as I mentioned, I only took a look at the kids in the Europe, US, Japan, and Asia buyout funds, where there were no Citi kids. Didn't look at the associates in the Global Energy & Power or Real Estate funds.
Missed the subcategories... I went Team -- By Fund -- Buyout
The size of the BB analyst classes is also a factor here .. Lazard/Evercore/Bear/Greenhill have analyst classes that are much, much smaller than the bigger BB's
some companies such as CS have both LevFin and Financial Sponsors what is the main difference between those?
It's everything, not just Buyout.
The "Capital Automotive" RE hire is a former co-worker of mine. Also, a "she", not a "he".
It's all on their website, you can see the background of every member of every fund.
For those banks with split LevFin/FSG model, Financial Sponsors Group is a coverage/relationship team. You don't want to be there, as you learn much less compared to your peers in LevFin and M&A. All you do is pitch same stupid idea to 100 different sponsors hoping one of them will pick you and then never see the execution—>boring.
Not true. At places like JPM, Citi, CS, ML, and UBS the FSG kids handle much more of the modeling and place much better in to PE than their Lev Fin counterparts. This is especially true at the bank I work at.
how is the compensation in the RE fund? seems like the backgrounds of those from RE are less impressive to me...
How are other companies doing with recruting? If were not placed by now does that mean were done?
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