Just received an offer for PJT Secondary Advisory Group. I am in both early and late stage processes with other BBs and EBs, but timelines might not work out. Wondering what people's thoughts are about this group, whether it is worth taking, and potential MF exits. Prestige, deal flow, analyst experience under consideration as well.
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how much time did they give you to accept the offer?
7-10 days
when did you get the offer? you could try to leverage the offer for superdays w other firms
this thread should help -> https://www.wallstreetoasis.com/forums/pjt-secondary-advisory-ft-analyst</a">PJT Secondary Advisory
Just glancing over the info it seems to be a very good group with strong deal flow. But the type of work you do doesnt lend itself to MF PE exits like PJT M&A and RSSG does.
Is this for SA or FT?
SA
Is it easy to intern there and then FT elsewhere?
I heard they don't hire a lot of their intern class for FT, but the PJT name stands out so you wont have a problem finding FT opportunities..depending on what you want to do of course.
Congrats on getting the offer. Do you mind sharing how the interviews went? There's just so little information online. Thanks.
You could definitely leverage an internship with PJT into a FT at a BB or another EB. They are highly respected and constantly have solid deal flow.
Can't speak to MF exits, but if you networked hard enough I image it would be more than possible. Great name to have on your resume.
the secondary advisory group is very different from their M&A and RSSG though. exits won't be of the same caliber i'd assume
Agreed it won't necessarily be as easy as if you were coming from those groups. I was just trying to state that it is more than possible with the PJT name and lots of networking.
Secondaries, especially direct secondaries and GP-led restructurings - which are very complex and involve deep company analysis - are set to boom in the near future in all forms of PE (buyout, venture, growth, real estate). It's a great niche industry to hop onto at the moment as a junior and ride-out a wave of momentum in deal flow and experience. PJT is one of if not the top group to advise on such transactions (especially restructurings) so a secondary role there would be a great experience. I work on the buy-side where we deal with secondary investments a lot.
Would you say that it would be difficult to transition into direct PE investing (even MM PE) after their analyst program?
Direct may be more difficult from a group like PJT compared to top M&A groups but if you play your cards right it is a viable option as you should gain lots of relationships with GPs. I believe secondary buy-side, co-investing, and fofs are the more common buy-side route for a role like this.
This bros correct
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