Barclays PE exits
Hello folks,
Wondering how pe placements look like from Barclays IB. What groups get the best looks and opportunities ?
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Tech group kills it
What kind of exits are usual ?
Tech pe ?
I’m considering more traditional buyout maybe distressed
Distressed not really traditional buyout yes. Also growth.
Is this going to change since UBS poached many of the senior bankers from the BarCap tech team?
You seem knowledgeable about this - can I pm by any chance ?
Would rather answer here to be helpful to others.
NRG does pretty well, know a guy who left to a solid MM fund and has been crushing it.
Candidly has declined in recent years with senior departures
Know nothing about the group myself so if that's the case, OP disregard!
I’m looking for large cap (think WP/Ares) or MF asso roles
What groups would place me well ?
Tech, Industrials, Healthcare
Views on sponsors and power
That’s what I’ve heard are the best for MF so far
They are good but best for MF simply not true anymore.
Sponsors is also impossible to get into if you don’t come from certain schools. It’s smaller compared to some of the other “strong” groups.
What’re these schools ?
Wharton ?
HC, Tech, Industrials, Power roughly in that order for large-cap exits. If you are targeting MM funds, then you'll get looks everywhere as long as you're in a coverage group there. Those four have had really strong placement lately.
On a funny side note, I know a few kids in industrials/tech who got so burnt out that they didn’t recruit on-cycle and want to exit to something non-traditional
Thanks so much everyone
You guys have been super super helpful .
One last follow up
I have no sector preference - how should I approach placement?
Culture/alumni
Wherever you get traction. Groups like HC and Tech are extremely competitive to get into.
I work focus on Coverage. It is easier to move from Coverage to Capital Markets than it is from Capital Markets to Coverage. From there, I would focus on culture. Industrials and Tech have great exits but not great culture. HC, Consumer, CMG, NR, and PU all have a great culture. Your access is going to be limited somewhat by alumni base and hook (i.e. Yale has a huge preference into SIB). If you have any alums in the bank, try to connect with them and get warm intros to any group you're interested in. It is a really competitive process. I'm guessing you have an offer for next year. You should start like the second or third week of January with networking. Start with some groups you have low stakes in because you will need some warm up calls. It is like speed dating. I am happy to talk more whenever you want (now or closer to the process).
can I PM you by any chance ? and yes I have a 2024 offer- was told by the recruiting team that I could get any group I wanted to - seems much more complex than just that now
Just bumping this- going through placement rn would love to chat
Focus on culture and the experience you want.
Some groups are much more fun cultures, while some are grindy. And on the flip side the deal flow is stronger in some groups.
You might also get pidgeonholed if you go into certain groups (e.g. energy, real estate) where the exits tend towards that same industry.
For NY, HC and Industrials and then Tech and P&U (more historically) best for MF/UMM. LA office good too. However all coverage groups are good for PE and there is a well-rounded representation of groups ranging from FIG to C&R to C&M and others at the 3 bn+ fund size range.
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