2020 On-Cycle Recruiting Kicks Off
Looks like Christmas has come early this year...for some
Rumor has it that the following firms have kicked off; post your observations below!
- New Mountain
- KKR
- Centerbridge
- Ares
- Summit
- Thoma Bravo
- Apollo
- TPG
- Warburg Pincus
- CD&R
- Carlyle
- AEA
- Berkshire Partners
- Leonard Green
- Permira
@DalaiLama" "FYI - what I've been hearing (both directly from PE associates as well as headhunters) is that because this process is so early, most funds are not planning to fill their entire 2020 class via on-cycle. Seems like there are spots being reserved for off-cycle 2020 processes when people actually have more than just 2 months of experience and it's easier to tell who's a good candidate."
This is ridiculous how would first years even be ready for recruiting this early?
What do you get evaluated on now that analysts are getting interviewed with minimal deal experience and probably don't have much sector expertise?
FYI - what I’ve been hearing (both directly from PE associates as well as headhunters) is that because this process is so early, most funds are not planning to fill their entire 2020 class via on-cycle. Seems like there are spots being reserved for off-cycle 2020 processes when people actually have more than just 2 months of experience and it’s easier to tell who’s a good candidate.
You asked a rhetorical question
"Tell me about some of your experience."
"Well most of the companies in my coverage group are about to report earnings for the first time since I started, so I am preparing to spread comps for the first time. The second years are very happy to have handed down this task to the new first years."
Kid from my high school is at PJT RX - he said all of the analysts were already done recruiting by Tuesday night, first group on the street to do so. Pretty ridiculous as well.
8 person class: Blackstone PE, Oaktree Special Sits, Apollo PE, Anchorage, 2 Centerbridge, Blackstone GSO, and KKR Special Sits
Damn, guess thats why they have their reputation as top