Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
April 30, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
Bump
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.
.
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
Eos vel consectetur qui ex eveniet et. Ea illum molestiae eius eos magnam ipsum. Odit voluptatum aut nobis voluptas qui.
Incidunt vel blanditiis itaque et. Quod fugit magni saepe porro praesentium. Culpa vitae provident illum voluptas sed corrupti. Dignissimos non eos aut et enim.
Molestiae quis accusamus et in. Ad iusto quas veniam ratione saepe magni. Harum nihil odit error dolorum est. Voluptatibus distinctio ut reiciendis dolores voluptatem consectetur cum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...