13 Comments
 

All three of these shops have had analysts go to pretty much every Megafund (only two outliers I can think of are BX Corp PE and SL) over the past 3-5 years. It ultimately comes down to the individual and your UG, Group, Deal Experience, and how you come across in HH meetings and actual interviews. That being said, even at these top firms only a few analysts crack Megafund PE, a testament to how difficult the process is. I know both Lazard and Moelis both get HH interest at the MF and UMM level in Wave 1 of on-cycle PE recruiting, not sure about PWP but it’s likely similar.

 

More broadly as far as MF PE exits for the EBs go Peak Frameworks had a breakdown video with real data that gave a true picture of exits. Basically went down as such:

  1. Evercore/Lazard (most variety of different MF shops, clear pipelines to essentially all of them)
  1. Moelis/PWP (still MF exits but leans more toward UMM/MM although this might be due to self selection not a lack of ability to land interviews)

Unclear: CVP and PJT don’t have as much data because of firm size, (although anecdotally from this site PJT RX exits seem to be as good as anywhere, unsure about M&A) but I’d imagine they’re in the same boat as Lazard and Evercore

 

Yeah, I’m really only familiar with the NYC offices. There are some variations between offices of course, like Moelis LA vs SF vs NYC or Lazard NYC vs Chicago RX vs SF Tech. West Coast offices will definitely place better on the West Coast, especially for firms with large presences there like SL, Apollo, or LGP.

 

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