Private Funds Group

Hi all,

Could anyone explain what Private Funds Groups/Secondary Market Advisory do in IBD? Apparently, they advise PE funds on raising capital, but there is very limited info on the internet. What are the exit opps? Do you get significant modelling experience?

Thanks

 

Lazard, Blackstone Park Hill, Greenhill come to mind. Moelis just is starting to enter the space since I read they snatched some headcount from Greenhill. From my limited experience, PFA usually quite top heavy, and base is comparable to banking. Excellent lifestyle, meet alot of people, but there might be alot of traveling involved depending on your coverage. I wouldn't start off as an analyst though; exit options are quite limited from what I see. I know Lazard's PFA expects analysts to move to business school and direct promotes are not looked favorably upon. Nevertheless, it seems like a sweet gig!

 

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