Evercore PCA
Received an offer to join the team as an Analyst 1 in London. Any insight into exit opportunities? Based on conversations, the team seems to be a leader within the field
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If you're focused on traditional PE exits, you're always going to be better off joining a less well known brand with more directly applicable experience.
From conversation with NY ppl, strong deal flow
Top of the street by a mile
GP-led or LP-led?
Bump
OP - could you pm me?
It's PCA, so GP and LP led secondaries and fund structuring. Won't be good for direct primary PE exits, but EVR PCA is the best on the street and the bonuses there tend to be higher than average than m&a teams.
OP - I've been interviewing for this position too, could you PM me?
Why would you ruin ur career so early?
In what sense?
Not a very useful skill set, not very challenging and won’t help in exiting. I’d try to get something else, but if not possible it’s not a bad plan B. (Not bad by all means)
Unlike the asshat above I’ll give you an actual productive response. Evercore PCA is top of the street when it comes to secondaries advisory. The team is split by LP-leds and GP-leds and I would definitely recommend trying to be on the GP-led side as you’ll build more broader applicable skills.
If you start in PCA the most likely exits would be secondaries buyside, allocator roles / FoFs, co-investments, lateral to M&A and have even seen private credit. Direct buyout will be an uphill battle given it’s a different skill set.
Yes, he’s right starting in M&A will give you more options (including secondaries) but starting in PCA (especially at EVR) will by no means “ruin” your career. It’s the fastest growing space within private markets and will likely continue to be (look at fundraising in the last year compared broader PE).
“Ruin” your career. It’s one of your first jobs in a 40+ year long career…
You’re one of the path followers aren’t you? Sheep.
Mate let’s face it - if you have another choice over this, you most likely take it
I didn't even start in IB or any type of financial advisory.
PCA is a good start but as others have stated - if your intention is to be an M&A guy or a Buyout PE person then I would move before you get senior analyst.
I was certain that you didn’t
OP could you PM me?
Not op, but happy to have a chat about the Evercore UpReach 10,000 Asian Interns Spring Week if you want
Ditto - OP pls could you dm me
Started my career at EVR PCA, then had a great buyside exit to a firm with a $10+ billion fund (intentionally vague about this). I loved secondaries and thought the team was great. Very strong brand and alumni base (I was in NY though, can't comment on LON). Friend that is now a director at a well-known MF in the secondaries space told me while I was at EVR PCA that they would rather hire an EVR PCA analyst over a GS TMT analyst. If you want to do buyside secondaries, you cannot start your career in a better place (other than directly at the MF secondary firms).
As a college sophomore, how do I know that my passion/goal is buyside secondaries? It seems like going from EVR PCA to any other field other than buyside secondaries is going to be an uphill battle?
You know your passion is in secondaries when you realize you can't get an offer in a direct investing role.
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