Alpine v Evergreen Services Group
Is anyone familiar with the difference between these two. My understanding is that Evergreen is a holding company platform of Alpine, but every person at Evergreen has the title “Investing Professional”. I was contacted about applying for an experienced investing role at Evergreen and have a lot of respect for Alpine but am hesitant because they seem to be distinctly different. For example, the Alpine team has typical PE / corporate finance backgrounds (like myself), whereas most of Evergreen looks like it came from AlphaSights, the expert network company. Any insight would be appreciated
Evergreen is an Alpine portfolio company. Think of "Investing Professional" at Evergreen as corp dev for them. If you work at Evergreen, you will be evaluating/executing acquisitions on behalf of only Evergreen, not Alpine's other portfolio companies.
Accurate. Lots of repetitive M&A for roll ups
This is helpful. Thanks for both comments
I talked to them recently- they can tap into the Alpine money to write bigger checks and use that network as well. They also have EFTG (financial technology group) and do plays in that market. More operations focused than pure investing given they hold indefinitely, also have a CXO program for MBA folks wanting access to the management experience at their smaller cap portcos.
was the tc they offered you way below market as well?
How would you compare Evergreen vs other traditional MM PE roles? It sounds like Evergreen type of M&A role would be a step down with limited exit opps (given strength of team) and narrow investing scope but curious if people think otherwise
For growing a career in investing I’d agree, you’re not building the skill set exactly how you would at a big investing shop. But probably way more useful to get on the path to C suite management for sponsor back businesses.
Just to be clear, it doesn’t seem to be pitched as an operational role and is separate from their c-suite development program which looks pretty interesting
I'm not sure what the titles are now, but from what I recall they have a BD team that finds and takes deals up to LOI, investment professionals who run the ball from LOI to close, with some involvement potentially post-investment. Seems like a shop with good culture (have yet to hear folks speak ill of Alpine broadly) and you'll get lots (and lots) of reps with roll-up M&A of small services cos. I don't see it as so much a place you go to think "what's next," more so that you're committed to a career in LMM PE and find their strategy interesting. And as others mentioned, could be a good way to be CFO/C-level at a small sponsor portco (or an Evergreen/Alpine portco) as early as your late 20s.
Any idea how different comp is?
Bump - anyone on the investments team?
Received R1 - sophomore at a Target. Anyone have insight into analyst program?
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