Barclays Coverage Groups for MF Placement?

What are the best groups at Barclays for PE (MF/UMM/MM) placement? P&U, NatRes, Tech, HC, and Industrials? Is this accurate / am I leaving anything out?

Any updated info would be great


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23 Comments
 

Based on the most helpful WSO content, here are the best coverage groups at Barclays for Private Equity (PE) placement, including Mega Funds (MF), Upper Middle Market (UMM), and Middle Market (MM):

  1. Natural Resources (Houston / NY)

    • Strongest group at Barclays from a pure coverage standpoint.
    • Known for playing the "trusted advisor" role to CEOs.
  2. Power & Utilities (P&U)

    • Close second to Natural Resources in terms of strength.
  3. Healthcare

    • Another strong group with significant placement opportunities.
  4. Technology (NY / Menlo Park)

    • Focuses on buyside LBO financing, which is highly relevant for PE exit opportunities.
    • Not as many sell-side mandates compared to other banks, but strong in buyside LBO mandates.
  5. Industrials

    • Also a strong group, though not explicitly mentioned in the highest-ranked content, it is implied to be among the top groups.

These groups are highly regarded for their placement in PE, particularly in MF and UMM. If you are aiming for PE exit opportunities, these groups would be a good choice.

For the most updated information, it is always beneficial to network within the firm and get insights from current analysts and associates.

Sources: Best Coverage Groups at Barclays & Group Networking, BAML IB Groups (NYC), BAML IB Groups (NYC), https://www.wallstreetoasis.com/forum/investment-banking/group-placement-at-baml?customgpt=1

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

P&U, Sponsors are top 2 with HC not much behind them. Then it goes Ind and Tech in the next tier. PU&I is an elite group(both at the firm and across the street) and gets every single infra PE look you'd want, but for PE sponsors might be equal if not slightly better just due to exposure + historical reputation of being extremely competitive to get into and the group behind pretty decent. I think HC is overhyped because they have such a large analyst class, per capita sponsors and PU&I place better especially when factoring in the fact sponsors has way more analysts stay past the 2 years. I do want to note sponsors takes like max 4 interns a year, and so it's insanely competitive to get placed there.

Also just want to add : this goes without saying but no matter what group you're in MF/UMM isn't guaranteed to happen and the average exit from Barclays remains varying tiers of MM firms.

 
Most Helpful

I'm not aware of any analysts or associates over the past 4 years that were in FSG and landed an investing role at MF PE. Maybe cap markets, but not investing. Healthcare really does quite well with kids placing at Warburg, EQT, KKR, Bain, Carlyle, Advent, and TPG, among others, somewhat consistently over the past several years. 

 

A) FSG does indeed place into MF PE, know a few kids who were in that group that did this, B) FSG classes are smaller and like 1/2 out of 4 every year end up staying past 2 years due to culture+WLB, C) I mentioned this in my old comment that HC is a great group but exits are a bit overstated due to number of analysts in that group. Yes they have 1 or 2 MF PE placements a year maybe another in good years but that also makes sense given group size and that the group attracts a lot of the people going into banking purely for exits. I also know from being at the firm as an analyst that FSG gets similar and sometimes slightly better HH looks than HC. It's also important to note HC lost a ton of seniors so is weaker now compared to before. Since so few Barclays kids even get on-cycle offers(a lot of the UMM/MF offers end up being off-cycle), that's pretty important for trying to predict future exits. 

 

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