Updated Canadian Buyside Landscape for Exits
Buyside in Canada is thin. Exits even thinner. Wanted to make this thread if anyone wants to opine on what the exits landscape looks like in Canada come 2024 and timelines for associate recruiting.
Looking at both public and private markets. We all know the basic Altas/Onex/Brookfield + Birch Hill/Torquest//ONCAP/Maverix + OTPP/CPP as some of the main exits for your average Canadian banker in PE but
Any new funds? Underrated funds? Shops that suck? Any public market funds that hire bankers? Anything helpful here
I’d add Imperial/Novacap/Clairvest to your list
Fair yeah, think Novacap known for severely underpaying. Wonder if anyone knows of any public markets shops in Canada that are worth looking into outside of like Burgundy/Polar type guys
For VC/GE I would throw in Georgian alongside the Pensions (OTPP/OMERS/CPP) - but that’s basically it. I do think shops like iNovia are respected (and do take bankers) but the comp is too much of a discount
PSP in MTL
As you alluded to, the buyside opportunities in Canada are very sparse where I think there is not always a structured annual recruitment cycle like there is in the US. The only places that I think would have something like that in Canada are probably Onex, Brookfield and some of the pension funds. All of the other places likely hire people on as needed basis as their teams are pretty lean. I would say you will see ex bankers in both private equity and the public market funds, however there are probably more ex bankers in PE.
The hedge fund scene in Canada is pretty sparse where the notable funds with hedge fund strategies include Maple Rock, Polar, Picton Mahoney, Waratah, K2 & Associates and Anson Funds. However the teams at most of these places are pretty lean and they probably only hire on an as needed basis where it is not like they hire a whole class of analysts every year. Also if you look at the analyst bios, they have mixed backgrounds where some have been doing public market investing since finishing their undergrad while others are ex bankers, etc.
There are definitely a lot more long only/traditional asset manager places in Canada/Toronto where you have places like Burgundy, Turtle Creek, CC&L, RBC PH&N, Fidelity, MFS, etc. I presume they all hire ex bankers, but also probably a variety of backgrounds too.
Nihil saepe enim nostrum vero et. Fugit illum accusamus sunt mollitia. Voluptatem et quibusdam sit asperiores. Omnis qui quia molestiae et. Quia qui nihil qui ipsam.
Nobis animi reiciendis ullam tenetur. Ullam animi enim est veritatis. Cum suscipit corporis optio sed temporibus qui. Dicta maxime omnis rem necessitatibus eum aut eligendi.
Impedit omnis et modi qui eius ex distinctio. Reiciendis placeat recusandae exercitationem magnam ipsum quidem ut. Ducimus deserunt cupiditate odit inventore. Quo ex fuga dolor voluptatem et in est. Nam est quia fugiat inventore occaecati placeat dolor.
Et vel aut adipisci magni est tempore non. Omnis nesciunt est magnam sit. Suscipit laudantium et impedit sunt libero. Omnis veritatis ad mollitia excepturi. Sed sed minus officiis unde distinctio eos. Optio quis ratione vel aperiam.
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...