Investment Banking in Denver
There was a thread regarding this topic five years ago, but reposting to see if there have been any updates regarding investment banking in Denver.
I'm aware of Petrie/TPH having energy offices, along with Raymond James having a relatively diverse shop out there. Have these firms been expanding their footprint in Denver? Are there any newcomers to the area? Any thoughts on what the future investment banking scene in Denver might hold?
Appreciate any input, thanks!!
MM - Capstone Partners, D.A. Davidson (has public finance arm), Stifel Public Finance, Piper Sandler Public Finance, William Blair (recently expanded to Denver)
Boutiques - Petrie, Q Advisors, FMI, Slate Partners, GLC Advisors, SDR Ventures, Quadriga Partners, Class VI Partners, Industria Partners
Denver never really had a strong IB presence but the boutiques have been getting a lot of deal flow. Mostly energy/industrials.
EDIT: adding in RBC
so you can ski 40 days a year i would guess, not a bad life.
As someone who just moved to Denver from NYC it is paradise. It is not cheap but cheaper than NYC. Denver has a pretty decent middle market banking scene. I would also like to add RBC is also in Denver. In addition to investment banks and PE firms, Denver has Charles Schwab, Janis Henderson, TIAA Cref etc. Denver has all the MBB consulting firms, big 4, valuation firms as well as oil and gas, and the food/agriculture companies. I think Denver can be a great starter city for someone trying to break into IB, PE, Consulting or Corp Dev. It is almost non competitive out here. The talent pool and competition are not out here to pursue a career. They are out here to play, so if you interview like you are interviewing for a NYC job, you will be a god send to your potential employer. Do not focus too much on prestige out here. It will be off putting. I went to a non target and still had to dumb down my resume. I hope this helps.
Ugh. Have any of you ever actually been to and spent time in Denver??? Worst city and people in America and it's not even close.
Yeah, I get it, they have skiing. But that has its own problems. People in Denver who ski do nothing but talk about "dropping in" and all that 50 year-old-wannabe-X-gamer crap. Not a lot of smart people in Denver.
I've lived in a bunch of cities across America, and this is just a bizarre comment. Who hurt you?
This is just a bad take, not everyone is some hippie snowboarder. Sounds like you got dumped by one or maybe one was chosen over you to be an MD at your BB before you did, while you only got the SVP status.
You have clearly not spent time in Denver.
My guess is you’ll see more and more BB and EB in denver only because one or two MDs move here and work remote. I could be wrong but that’s my guess. Not sure deal flow either.