Best NYC Megafunds
1st year anl at top group at MS / JPM currently prepping for oncycle.
What are people on this board's thoughts on what are the NYC MFs (not necessarily HQ in NYC just offices)? Very eager to stay in NYC given my gf / family but have realized that a lot of good MFs (TPG, Carlyle, LGP, Advent, Bain, Vista) are not in NYC.
Not to get all knit-picky but LGP is not a MF and this is no ding on them.
Carlyle, Advent, TPG all have offices in NY (source: my buddy works at Advent and I interviewed with Carlyle's PE group a couple years ago). If we're strictly talking MF other firms that come to mind are (in no particular order): Blackstone, KKR, Warburg Pincus, CVC, Permira, EQT
Advent, Apollo, Blackstone, Carlyle, CD&R, CVC, EQT, H&F, KKR, Permira, Silver Lake, Warburg
Amazing to me that people still want to go work at Apollo. Maybe the worst reputation in all of corporate America. Can’t think of a worse one. It’s like the 1990s era Catholic Church and the 1970s era tobacco industry had a baby.
When that baby pays 350k bonuses to keep people that’s probably why lol. Some people will do anything for cash.
Can you expand on the reputation point? Hasn't the firm always had a reputation of being a sweatshop?
Let’s see:
* sweat shop - long standing
* untrustworthy counterpart - long standing
* investment professionals charged with/sued for fraud - numerous
* principal founder’s dubious connection to known pedophile and child sex trafficker - recent
* principal founder being sued for rape - recent
* founders protege accused of conspiring to implicate him to steal the CEO mantle - recent
They say how you do some things is how you do all things. In Apollo’s case, they fuck men, women, children, creditors, associates, and each other. So how they do all things is how they do all things.
On the other hand… they do have a very generous seamless policy.
But it’s an insurance company now… that happens to have a PE arm. That should be a pretty good gig right?
what about Neuberger Berman?
Any insight which of those NYC megafunds has the best culture/WLB? Compared to others at least
Best WLB at mega funds:
Tell your girlfriend/fiancé they also have a great 401k match. I assume that’s who you’re asking for.
Bump
Insight
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