Goldman Sachs Secondary Advisory?
Hi, is this a good place to work? I heard the head guy left? Would be curious how this group is viewed compared to the likes of Jefferies, Evercore, PJT, Lazard for secondary advisory.
Hi, is this a good place to work? I heard the head guy left? Would be curious how this group is viewed compared to the likes of Jefferies, Evercore, PJT, Lazard for secondary advisory.
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Maybe he couldn't bring in deals ?
Worked at a small secondary fund over the summer, and saw some of these names on some deals across my desk. Can rank what I know and provide some color.
PJT does a lot more complex secondary advisory and does a lot of GP lead work as well. Lot of deal flow not super super sweaty. Evercore secondary advisory is probably one of the most under the radar sweatshop groups on the street, apparently they can’t say no to a deal and analysts consistently pull late nights but still great group. Don’t know much about Jeffries but know a good chunk of the Greenhill practice left to Jeff. Don’t know anything about LAZ so left it last.
TLDR, EBs > BBs for secondaries advisory
Evercore > PJT
Is there even an MD left? I wouldn't be jumping to join the group.
No I don't think so. My friend who is an analyst in PCA said part of the issue is they always need a co-intermediary cause they can't sell back to Goldman's PE team. Kind of defeats the purpose if every deal you run you need to share fees. My guess is the MD either got fired cause he didn't bring in enough deal flow or he quit cause he probably saw GS couldn't compete against EVR, PJT, LAZ.
He got poached by Baird but why he left I'm not sure.
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Any update on this group? Saw they were advising on the New Mountain deal for Datavant and were recently hiring an associate.
del
Well, looks like they have a lead in ICG for that deal. Assuming they can syndicate it, that’s a big dub for their platform.
hows the team doing these days?
bump
Anything new here?
Same question - any news out of this team?
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