What's the word on Lazard tech on the street? How well are they respected? They've closed some really big deals with Google, but I didn't really know much about their tech group until recently.
How well do they stack with M&A at GS TMT or MS Menlo? Or even Qatalyst or Evercore?
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How would you compare Lazard tech with Evercore or Moelis?
LAZ is on par with EVR, MOL is weaker than both. MOL is not known for selling tech companies
What about BofA?
BofA Palo Alto got gutted out as CVP PA took 3 senior bankers, hard to say how they rebound from it
What about Barclays
Lazard’s SF tech group is solid - one of the better groups at the firm in terms of deal flow and exit opps (esp if you’re looking for tech PE roles). Know of a few folks from there that had amazing exits (Thoma, Silver Lake, TCV, etc)
The group’s bread and butter is buy side M&A for companies like IBM and Google (+ a couple others) but last I heard they were also doing quite a bit of sponsor software deals. Think they work cross office with their Boston office on those.
I think Q/GS would both give you a slight leg up on exit opps, but I still think you could place just about anywhere from Laz within the tech PE universe if you hustle. I would say it’s on par with EVR and MS.
Source: close friend was an analyst in their group
Do you have any thoughts on JEF SF?
I wouldn't consider myself super knowledgeable on JEF SF, but can offer my personal read.
My perception is that the firm as a whole has a lot of momentum atm, but I haven't really seen firsthand a ton of recent deal flow for their tech group, especially on the M&A front.
Getting into MFs or top-tier tech UMM funds would likely be a lot harder from JEF SF than from any of the groups mentioned above (unless you have a unique angle, i.e. D1 athlete, family connections, MAYBE diversity). You could probably hustle your way into some UMM funds, but unlike GS/Q/LAZ/EVR/MS, the name alone probably won't open the door.
Agree with what you say generally but MS Menlo Park (basically SF) is in another league of its own with GS and Q. Wouldn’t agree with saying it’s on par with Laz/EVR sf
Totally fair - I would say Q and GS have a slight leg up on MS but I don’t disagree that MS > EVR/LAZ in most aspects
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LmAO
Bump
Still strong. Have done a good number of deals recently. Haven't gotten public cred for all of them, but have gotten paid, due to various market conditions.
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