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UBS SF buyside exits: TPG, KKR, FTV, Clearlake, HarbourVest; industry exits: Databricks, Twilio, Zillow, Quest Software
This is really detailed info on exits from UBS SF TMT. You either work there or are just really good at LinkedIn searching.
The group is relatively new (less than five years old) so doesn't have the same rep as the other more established groups. The culture is so intense and demanding during deals that there are "a lot of dead bodies after even one deal closes" as the group head puts it, meaning that multiple deal team members exit right after the deal closes. I think that contributes to the less than stellar exits on the buyside front. That being said, the industry exits aren't too shabby. COVID significantly ramped up deal flow to the extent that now each person is on multiple deals, whereas pre-COVID, usually only a little more than half of the juniors would be on a single live deal (100+ hours every week), while the other half would be doing simple client books and working 40-50 hour weeks (maybe only 20-25 hours of actual work a week).
Ironically, a good chunk of the recent exits have been laterals to better banks like two analysts to GS TMT SF (one already there, another is planning to accept their offer in a few weeks), one director and associate to JPM TMT SF, and one associate to MS Menlo. One ED recently left to Equifax Corp Dev. The group has promised to double the team but that won't stop many more people at all levels from leaving in the coming months. Almost all of the analysts are looking to either lateral or exit and half of the associates are looking to leave as well.
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