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Based on the most helpful WSO content, here’s a breakdown of consultant-friendly PE firms and actionable advice for your situation:

Consultant-Friendly PE Firms

  1. Firms that Exclusively or Almost Exclusively Take Consultants:

    • Charlesbank
    • Invus Group
    • Possibly Golden Gate and Sycamore
  2. Firms that Reliably Take Multiple Consultants Annually (but also hire bankers):

    • Bain Capital
    • Hellman & Friedman (H&F)
    • Advent International
    • New Mountain Capital
    • Berkshire Partners
    • Thomas H. Lee Partners (THLee)

    These firms often have a consultant-specific interview process, focusing more on consulting-style cases and less on financial modeling.

  3. Firms Open to Consultants but Require Strong Financial Modeling Skills:

    • TPG
    • Ares
    • TA Associates
    • EQT
    • Clearlake
    • Apax
    • BDT
    • Astorg

    For these firms, you’ll need to ensure your modeling skills are on par with bankers, as the interview process is not tailored for consultants.

  4. Firms That Rarely or Do Not Consider Consultants:

    • KKR
    • Apollo
    • Blackstone
    • Carlyle
    • Vista
    • Silver Lake
    • Thoma Bravo
    • Providence

    These firms typically prioritize candidates with investment banking backgrounds.

Actionable Advice

  • Start Networking: Headhunters are often not effective for consultants, as 90% of the time, they won’t secure interviews for you. Instead, focus on networking directly with people at PE firms. Use LinkedIn or alumni networks to connect with individuals at your target firms and request 15-20 minute informational chats.

  • Reach Out to Headhunters: While not always reliable, it’s still worth reaching out to headhunters to get on their email distribution lists. Be proactive in contacting them, as they may not always reach out to you.

  • Be Strategic in Conversations: If headhunters ask whether you’re involved in other processes, avoid mentioning more prestigious firms, as this might make them think you’ll turn down offers.

  • Prepare for Interviews: For consultant-friendly firms, focus on consulting-style case prep. For others, invest time in improving your financial modeling skills to level the playing field.

By targeting the right firms and leveraging networking, you can significantly improve your chances of breaking into PE.

Sources: Q&A: MBB BA/AC/A headed to UMM this summer and guide to off cycle PE recruiting for consultants, MBB -> PE Offer: Q&A, Q&A: Strategy consultant leaving for private equity, Private Equity Recruiting Walkthrough – My Experience, Private Equity Recruiting Walkthrough – My Experience

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