Thoughts on Evercore Private Placements

Can someone provide a little detail on exactly what the Private Placements group at Evercore does? Any insight on the typical exit opps, day-to-day (modeling work, pitching, etc.), and lifestyle would be greatly appreciated. Apologies in advance if asking what the Private Placements group does is a "newbie" question, I'm a freshman exploring various groups. Appreciate any insight. 

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