Demystifying Private Capital Advisory (SA)
Any thoughts on this group in an EB setting? Addressing areas like 1. the interview 2. possible exists 3. vs IB - would be super helpful.
Importantly - any good places to start in terms of interview prep?
Anything helps.
At Lazard, it’s just equity placement for PE funds. HIG will decide to raise a new fund and they’ll tap Lazard to help market HIG, their strategy, etc to pension funds so they will commit 10-50 mil to the fund.
If you’re interested in investment banking, it’s not really the same thing at all.
Some EBs have Private Capital Advisory and a separate Private Funds group (names vary by bank unfortunately) but the first is more traditional banking (focusing on PIPEs etc in normal companies and appreciate equity markets/ECM experience) and the second is what was described above but may also include secondaries transactions which are more technical.
I would chose lower tier BBs or MMs over these types of groups, assuming this is what JSmith is talking about. You're doing fundraising, not actual financial analysis or anything that you'd do in traditional IB.
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