Thoughts on Rede Partners? They are a placement agent based out on London with an office in NYC, but want to learn more about the hours, comp, exits. How would the experience compare to a private funds group at a MM/boutique bank?
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Based on the most helpful WSO content, placement agents like Rede Partners and private funds groups (PFGs) at MM/boutique banks have distinct characteristics. Here's a breakdown:
Hours: Placement agents, including Rede Partners, often have demanding hours, especially during active fundraising cycles. However, the intensity might be slightly less than traditional investment banking roles. PFGs at MM/boutique banks can also have long hours, particularly during deal execution phases.
Compensation: Placement agents can earn competitive compensation, especially if they are involved in successful fundraises. Compensation often includes a base salary and performance-based bonuses. PFGs at MM/boutique banks may offer similar structures, but the total comp can vary depending on the bank's size and deal flow. Placement agents might also benefit from hefty fees tied to first-time funds or niche strategies.
Exit Opportunities: Placement agents like Rede Partners provide strong exposure to the private equity ecosystem, building relationships with both GPs and LPs. This can lead to exits into investor relations, fundraising roles at PE firms, or even transitions into direct investment roles. PFGs at MM/boutique banks also offer solid exit opportunities, often into private equity, corporate development, or other finance roles, but the focus might lean more towards deal execution experience.
Experience Comparison: Placement agents focus heavily on relationship-building, sales, and managing fundraising processes. They provide a great view of the private equity industry, constantly interacting with GPs and LPs. PFGs, on the other hand, combine relationship management with more technical aspects like financial modeling and documentation, offering a broader skill set in some cases.
For more insights into placement agents and private funds groups, you can explore this thread:
url: https://www.wallstreetoasis.com/forum/private-equity/qa-fundraising-for…
Sources: Placement Agent vs Internal Fundraising at a top PE firm, Q&A: Fundraising for Private Equity, Cap Intro & Investor Relations Career Paths, Private Funds Group (CS/UBS etc), Placement Agents/Private Placement Info Request, Top-level partners in REPE
Super toxic environment, >80 hours per week. Well regarded, exits are strong.
Dang - have you heard this for the London or NY office or both?
London, don't have a clue about NY
NYC is still sweaty but not as bad as London. They work slightly less than banking
Can I msg u?
Rede are clowned. Go for EVR or PJT if you want to do PFG.
Would avoid
What's latest on Rede? Few years ago, it was top regarded + great culture?
toxic culture across US and Europe. good reputation though and good exit options. pay is good at junior level too
What are the most common exit opportunities? Is it all client-facing/investor relations type roles?
Thoughts on Rede / Asante / Campbell vs the EB/BB PFG teams?
Edited below
wdym?
Ah looks like I accidently deleted it. Long story short:
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Great insights thanks all!
I am in the process to start as analyst at Rede Partners at the Amsterdam office. Currently 1.5 years in IB at a mid-market boutique. Wondering if this would be a good stepping stone towards a good PE exit?
Pro:
Con:
Key question: would it benefit or worsen my opportunities for a PE exit in 1-5 years?
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