Hello all, any thoughts on Hennepin Partners in Minnesota?
Deal flow looks good and the team seems to be stacked with Lazard MM MDs, with a good split of juniors and seniors.
Any idea on comp, exits, culture, etc? Any information is helpful. Thank you in advance.
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Ah, it seems like you're scouting out the landscape for Hennepin Partners in Minnesota. While the context doesn't specifically mention Hennepin Partners, based on the most helpful WSO content, here's what you might generally expect from a firm like that:
Deal Flow: If a firm has a good deal flow, it typically indicates a steady stream of transactions which can provide valuable experience and learning opportunities. A firm with Lazard MM MDs likely has a strong network and expertise to source and close deals.
Compensation: While specifics on compensation can vary widely, competitive firms in the industry often offer salaries that are in line with market standards for the region and the level of experience. Bonuses can be substantial, reflecting both the firm's and the individual's performance.
Exits: A firm with a solid deal flow and experienced leadership, like the one you described, can provide a strong platform for future opportunities. Exits into larger PE firms, corporate development roles, or even operational roles within portfolio companies could be expected.
Culture: The culture can be inferred to some extent from the team composition. A good mix of juniors and seniors suggests mentorship and growth opportunities. However, the presence of many experienced MDs from a reputable firm like Lazard MM could also indicate a high-performance environment.
For the most accurate and detailed information, it would be best to network with current or past employees, check out any available threads on WSO, or even reach out directly to the firm for informational interviews. Remember, nothing beats first-hand information when it comes to understanding a firm's culture and opportunities. Keep swinging through those networking vines, and you'll gather all the bananas—I mean, information—you need!
Sources: https://www.wallstreetoasis.com/forum/private-equity/private-equity-private-investment-divisions-minneapolis-stpaul?customgpt=1, Anyone have info on Insight Partners?, Any info on Sixth Street Partners?, MTS Health Partners 2022 - Information and Reputation
Did you interview with them? Can you tell me a bit about it?
PM me
Based on the website, they look quite senior-heavy compared to other similar sized banks. I believe they work their juniors pretty hard for a MM boutique.
Deal flow has been strong and they are quite active based on volume. Deal sizes are all over the place from $25 to $250 million.
Succession plan is a topic I would ask about given the age of their top senior bankers.
Associate at Hennepin here.
Pros:
- Great culture. Elite but not elitist. Locker room culture (in a good way—tasteful banter and solid vibes)
- Seniors care a lot about giving juniors reps and coaching. Even analysts have direct lines to CEOs/CFOs.
- Deal flow. You’re actually doing meaningful work.
Cons:
- Senior bankers’ passion for the job lead to long hours for juniors. VPs and directors will typically work til 11pm and beyond, so tacit expectations for juniors are to work beyond that.
- Good not great tech. Still some growing pains to be dealt with in how the firm utilizes technology. But major ones are covered (DealCloud, PitchBook, etc)
- Base comp. Based are below the market rate for the street, but bonuses can be at or above street levels, even in down years.
PM for more details.
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