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HL in Dallas has HC, CF&R, Industrials, and RX.

Goldman has a Dallas office. Specialty lending group merged with private credit group recently. Think they have some traditional M&A/coverage too but not 100% sure.

Jefferies has a Dallas office I think. Was Greenhill but got bought out. Think it’s PCA.

Texas Capital Bank

JPM has some consumer bankers I think in Plano.

Stephens has Dallas office.

Everything else is Houston.

 

Agree but HL Dallas shuttered its Industrials practice after one of the MDs left and moved all the juniors to chi/NY

 

Associate 1 in IB - Cov:

Texas is a shithole. No idea why people actually live in that state their whole life. Don’t give me the “lower cost of living” bullshit either; it does not make up for the shitty life.


Thanks for the low quality comment. Texas is home to 4 of the largest cities in the U.S lol, clearly people enjoy living there

 

Lazard has a Venture & Growth Banking (VGB) office in Austin. They do capital raising and private market secondary share sales for startups and high growth businesses. Not sure what their deal close rate looks like, but I’d imagine there should be plenty of clients knocking on their door, looking for capital or liquidity with the way current tech markets look.

 

You can really think of it as DFW & Houston.

Houston banks obviously start way earlier- most are filled. They have almost everything you can think of but all based in Energy.

Outside of that, DFW has,

HL: Healthcare, CF&R, RX, Industrials. They also have a massive restructuring group.
Goldman: Specialty Lending
Jefferies: mostly private credit
Texas Capital Bank
Lincoln International: Technology, younger office
JPM: Dallas & Fort Worth corporate bank, mostly PWM. Plano has a larger office for everything else.
Stephens
Fort Worth has some smaller opportunities.
Vortus: Energy
Etc.

Lots of smaller PE shops in the DFW area, some notable ones in the metroplex are in the suburbs.

To put it bluntly. Houston has everything and the other opps are competitive with big school: SMU, UT, TCU, A&M.

WACCguy
 

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