P&U Groups Ranked
Curious which are the top 10 or 15 investment banks for P&U based on deal flow and exits to private equity
Trending Content - Investment Banking Forum
| +90 | [2026 - October] Unbiased Prestige Rankings | 56 | 4h |
| +88 | Who is the final boss in Houston Energy? (GS, JEFF or EVR) | 21 | 1h |
| +78 | You should probably leave IB | 26 | 1d |
| +45 | Why Do We Turn Comments? | 10 | 2d |
| +43 | Tomorrow Will Be Better | 5 | 4d |
| +41 | Moelis PCA vs Lower tier BB Coverage | 30 | 1d |
| +25 | Banking (Un)fortunately Still Needs You: My Case for Bankers in the AI Era | 3 | 1d |
| +24 | Lateraling as Analyst | 24 | 1h |
| +24 | How much should you ask questions / seek feedback as an intern? | 9 | 11h |
| +24 | UBS IB #24 in US M&A in 2026 | 10 | 8h |
Career Resources
A couple of good ones I’ve worked with: Barclays, Goldman, Morgan Stanley, Citi, Moelis, Evercore, RBC, CIBC. There are also some of the smaller guys like PEI Global and Marathon Capital.
Second all of the above, these are the main players in the space. I would also add in no particular order and varying exits: Scotia, Truist, Lazard, Jefferies, Guggenheim, Javelin Capital, and Nomura Greentech. Some of these also do renewable transactions and other sub-sectors of the space not just P&U.
It's been a very long time since I've seen Nomura send an infra opportunity across
Is scotia good outside of Canada I know their p&u team is strong in Canada but how’s their deal flow for the US offices
How would you rank the boutiques like PEI and Marathon with MM firms like CIBC and Scotia
bump
Can also add WF to the list of names posted above. Maybe it’s #15 out of 15 but I have had some good experiences with a P&U guy from there
Second this too^
Thanks 🤝
Lazard has an incredible PUI team
.
What about BNP is it a solid spot
What about Macquarie?? Seems like they have solid transactions and coverage in all major locations in the world. Curious as to why they rarely get mentioned
Yes, EMEA infra goats
Macquarie has good pedigree in P&U. A lot of internal flow but some good niche stuff.
Most of the Canadian banks have pretty good teams. Probably their strongest sectors in the Us
For EMEA (ranked predominantly from an exit to PE perspective)
Tier 1
Macquarie
MS
RBC (sponsor buy-side machine, great exposure to PE clients)
Tier 2
Barclays
Rothschild
Evercore
Lazard
Jefferies
Citi
Other good ones in the region are BNP, Santander, Nomura Greentech, Augusta.
I am not counting JPM and GS as they have a NatRes team which is not pure-play Energy or P&U. Both of them are obviously Tier 1 in terms of exits. BAML/BOFA is conspicuously missing here, but that is because they don't specialise in this sector.
Forgot to add UBS. Would be Tier 1 (still, yes, i know) - same reason as RBC
Asperiores asperiores accusamus reprehenderit veniam. Voluptatem est velit omnis sunt voluptatem praesentium. Alias provident pariatur consequuntur enim libero quidem.
Quia officiis dolore in. Aut ut porro maiores a delectus. Ullam voluptate quidem beatae aut fugiat animi magnam. Est quasi sit rerum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...