8 Comments
 

It’s a relatively small group and one that isn’t sweaty. Would mainly just be a lot of trackers, database management kinda work. I think they first hired analysts for that group within the last 2 years. I am in another coverage group and we had a FSG MD who was in the loop who’s main and I think only responsibility was just to let us know which PE firms to target.

 

BofA FSG runs the LBO/paydown model on sponsor transactions. ~50% of deal-related work is on building and working in the model, definitely more than most other coverage groups. Not as sweaty due to the overarching execution focus (sponsors approach FSG for opps so not too much pitching, although I believe this dynamic extends to most top-performing BB FSG teams)

 

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