What are some $1bn+ fund firms that hire associates with the intent to keep them for the long term vs. 2-3 and out? I’ve heard Stone Point is like this (confirmation?) but what are some others? Looking for Northeast specific firms (Boston/NYC). +SB if you can describe if someone would actually want to stay for the long term (versus it being banking 2.0 and hating your life but on the buy side)
| +60 | Working on Juneteenth | 35 | 5h |
| +24 | From Public Equities to Private Equities | 4 | 4d |
| +22 | Hardest time I have ever seen to be a GP | 3 | 1d |
| +18 | Weighing exit from LMM PC/PE | 2 | 3d |
| Search Fund Internship Vs. Internship at my family's Family Office | 10 | 21h | |
| +15 | Healthcare PE | 6 | 1d |
| +15 | KKR comp for Principal | 10 | 14h |
| +14 | How to Get on Career Track / Stay Post ASO years | 4 | 9h |
| +14 | Anyone have intel on Aterian Investment Partners? Culture, Comp, Performance? | 9 | 4d |
| +12 | LMM groups within larger platforms? | 1 | 5d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Following
LGP
Following
Following
I know ABRY and Kelso have promoted internally for some time now.
I recently have seen American Securities, Berkshire, MDP, New Mountain, and THL promote to senior associate. Perhaps this is a sign that these firms are changing their model but all of them have historically sent associates to business school (with top performers choosing to return sometimes). They all have pretty good business school placement (HBS in particular).
Not MM/UMM but Warburg appears to be promoting internally now. Apollo has been.
Do you know who does recruiting for ABRY and Kelso? Seems Kelso is pretty top in terms of their hiring mostly from JP/GS
I'm a few years removed from the recruiting cycle but ABRY used SG and Kelso used CPI back then.
Question about this line of reasoning. Wouldn't historical internal promotions indicate some level of saturation? As the firm grew, they need some people to fill seats and promoted internally but now the firm has already filled its open spots? Everyone seems to look to historical internal promotes but from what i can tell it seems to be better to be at a fast growing AuM firm?
Wanted an informed perspective on this
Qui cumque dicta sit qui sint ut eligendi. Corporis consequatur ratione ut rem. Rerum et ut eaque consectetur. Quos voluptatibus repellendus debitis voluptas et. Aut totam cum reiciendis. Est voluptatibus odio quis beatae.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...