Best software investors in NY?
About to start as a first year at one of the EBs. I've been interested in software for a while but not sure I care enough to move to SF after banking (I'm from the city suburbs, gf and all my HS/college friends will be in NY).
Not sure if I want to do PE or late-stage GE yet (but I don't want to go directly to public markets). Anyone have insight into the better opportunities to cover software in NY?
Thank you in advance.
Insight Partners for sure.
Other big software investors (Thoma, Vista, H&F) work out of non NY offices
Thanks. Heard they're very sourcing heavy though, which I'm not sure how to feel about.
What ab GA's NY office?
Very difficult portfolio / position
Hg ($11B large cap fund, $7b middle market fund) has a NYC office. Evenly split between SF and NYC
General Atlantic and Hg Capital also have NYC offices
I work for the latter and dig our team in NYC - they are some of the awesomest, most fun bunch. Admittedly we’re sort of newcomers in the US though (we were started in Europe).
What js the comp at HG?
SLP, Apax, WP, Francisco Partners, WCAS
FP doesn’t have active NY office; you can’t recruit as a PE asssociate to NY. You have to do your associate stint in SF for a bit before you can switch to NY; same with Vista with ATX and NY
There are a handful of solid software / tech focused buyout firms in nyc as well as some outpost offices
nyc based: Siris, Veritas, oceansound, HG (sorta tho ~half in SF), CVC (~half SF), EQT (lots of software in portfolio), CD&R has a tech team now based in nyc, WCAS (a little tech with SF outpost), apax has a tech team, Warburg has a tech team split nyc / sf
nyc outpost: SLP, Sumeru, Providence, etc
for growth there are a lot more options - however, overall if you really want to be in tech long term you should consider the Bay Area (a bunch of firms in Boston too)
Just to comment - I think Siris leans more value than growth. OP didn't rule out value but worth noting that investing style / portfolio there is different from most others on that list
Deep value to say the least
Hg also has a NY office. They have a ~11B large cap, ~8B mid cap, ~2B small cap fund. All software buyouts just different check sizes
Insight Partners analyst program is 75-80% sourcing, and heard you can do DD / portco work for the investments you source that come through. Junior comp is nuts. If going to an EB for FT, you can just recruit to the associate role and mostly avoid sourcing.
If you want software but do not want SF, NY still has solid options, just fewer of them and usually more growth / crossover / public-private flavored than the classic bay area ecosystem. You can definitely find late-stage growth, crossover, and software-focused PE seats in NY, and there are also generalist megafunds / UMMs with strong software exposure. You just will not get the same pure volume of software-only opportunities as SF
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