Greenhill buyside exits
Anyone got insights about exits (MM/UMM/MF PE) for recent classes?
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Very good exits judging by prior classes - Good mixture of MM/UMM PE (Lindsay Goldberg, Searchlight, Sixth Street, THL Partners, Mubadala) and MF PE (Oaktree, Silver Lake, Ares, TPG, Brookfield). Also, corp dev exits to Apple, DoorDash, which is obviously really cool.
From the 2-3 kids I spoke with there, it seems that the 2024 exits are similar.
While GHL isn't what it used to be say ~10 years ago (ie a top-notch EB like CVP/PJT/EVR), it still has awesome exits/experience taking into consideration the small analyst class size.
Those are great exits. Curious to know their class size and what % exits to PE (MM/UMM/MF)
Should be pretty small. Around 15 analysts for the NY office.
Not sure about the ratio of analysts actually going to buyside.
they have around ~15 analysts for the NY office, about 2/3 M&A and 1/3 RX. Yes, their class size is very small (smaller than Centerview I believe)
Apple corp dev stint seems kinda nice tbh
Yes, it seems that the person also went to Harvard UG, so that helped for sure...
great information man, ty
LinkedIn...
Really solid exits overall from what I saw. Mostly MM/UMM with occasional MF. To be frank, their value proposition in the last couple of years has been the quality of their exits relative to class size and their culture
Pretty much this. Kids opt for Greenhill for the exits, comp, and most importantly the culture. Everyone at my school (think Michigan/UVA/Duke) raved about the culture or professional experience there, even though it is not on par anymore with the really top places (Centerview, Evercore, and PJT)
Good hours or just an overall supportive team?
Are those for the NY office? What about the CHI office??
bump
Go to linkedin and see... as others have mentioned, you can get to most funds (with a heavy focus on UMM type funds) depending on your background
What about MF? Are those available too?
Less common than top groups at GS, MS, or EVR, but definitely available. It would mostly depend on your interview performance and factors such as your UG etc.
From what I saw, MF exits included Oaktree, TPG, HIG, Permira & Silver Lake
What would you consider as UMM exits?
Dude, LinkedIn is your friend... I think someone already mentioned those but UMM exits were Sixth Street, Madison Dearborn, Searchlight, GTCR, Berkshire and more I guess
Any update about the 2024 exits?
Curious too
Insights about how GHL's exits compare to BBs such as Barclays/BofA/Citi/JPM?
It honestly depends on the groups at those BBs... Exits from JPM FIG aren't the same as from JPM M&A (M&A is better), and exits from Barclays industrials aren't the same as from Barclays Nat. Res./P&U (NRG/P&U are better). Also, remember that class sizes at these BBs are huge compared to GHL's that takes like 10-15 ppl for NY.
So while you might have your typical MF exits to Apollo, TPG, KKR etc from these BBs (if you go to a strong group), given the class sizes you might end up with no buyside exits or with some shitty PE (ie, not a MM/UMM/MF) exits.
The point is that your expected exits from these BBs are much more volatile owing to the huge class sizes and the varying level of experience you might get at your group vs. GHL, which has less "outliers" in terms of exits/experience so the overall exits are better.
Any info about recent exits (class of '24)??
Also interested
Ghl exits are usually very solid regardless of the analysts deal experience
What do you mean by "solid"? Is it the same as other non-EVR/PJT EBs?
Exits from GHL are typically top tier
Examples? How are the exits compared to peer firms?
MM/UMM PE (Lindsay Goldberg, Searchlight, Sixth Street, THL Partners, Mubadala) and MF PE (Oaktree, Silver Lake, Ares, TPG, Brookfield). Also, corp dev exits to Apple, DoorDash, which is obviously really cool.
From the 2-3 kids I spoke with there, it seems that the 2024 exits are similar.
While GHL isn't what it used to be say ~10 years ago (ie a top-notch EB like CVP/PJT/EVR), it still has awesome exits/experience taking into consideration the small analyst class size.
PE exits are in line with LAZ/MOE/PWP. Perhaps slightly below LAZ and slightly above PWP
.
Any update about exits for the recent class?
Exits for the class of '22 and '23:
MF PE:
Oaktree
Ares
TPG
Brookfield
Silver Lake
Blackstone Credit
Sixth Street
UMM:
HIG Capital
New Mountain Capital
Searchlight Capital Partners
GTCR
LGT Capital
Berkshire Partners
Lindsay Goldberg
AEA
Genstar Capital
Mubadala Capital
GIC
Hg
Morgan Stanley Tactical Value Fund
Thomas H. Lee Partners
Madison Dearborn Partners
Quantum Energy Partners
MM:
Lightyear Capital
FTV Capital
Linden Capital Partners
Littlejohn & Co.
Are those exits from the NY office only, or from other offices too?
Any updates about exits for the class of 2024?
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