Cerberus in 2025?
Updated view of different groups (supply chain, direct lending, real estate, etc)?
Trending Content - Private Equity Forum
| +86 | Nothing to do at work & bored to hell | 9 | 13m |
| +67 | Do people over-index on 'moats' | 20 | 22h |
| +51 | Predicted Net Worth in Trodden Finance Path by 60? | 20 | 17m |
| +42 | Biggest (avoidable) failures in PE Investments? | 23 | 1d |
| +38 | Why is ROIC never really a topic when looking at companies IRL | 11 | 3d |
| +26 | SGE Final Round (Investment Summer Analyst) - Case Study & Technicals? | 13 | 6d |
| +19 | Senior IR Lifestyle | 3 | 5d |
| +12 | How to approach Buyside Recruiting | 3 | 4d |
| +12 | NY LMM PE Recruiting | 3 | 18h |
| +12 | Honest opinions needed about lateraling | 4 | 1d |
Career Resources
heard firm is on a decline - just had a friend leave before shit hit the fan…
What stuff? I thought their culture was improving
haven't heard anything great about their culture - a lot of people are leaving afaik
know some people that went there over the years, definitely very mixed things to say depending on team
Heard very mixed things about culture and performance. Their flagship buyout funds have been underperforming for some time. Their supply chain fund is legit - fund closed larger than the target, the senior team is a who’s who of government and defense figures, but it’s still pretty new and way too soon to tell how fund performance will be.
Heard no carry at vp level
Good firm with origins as a distressed credit/deep value shop which lends to them picking up hairier assets and bidding low in auctions. Hear comp is top of street.
It is abject psycho land but comp is good and you get to roleplay as an 80s financial villain
Psycho land stories?
I have a friend that worked there for a long time and got promoted up the chain. Nothing specific unfortunately but at the junior level it’s like the regular PE tropes but on steroids. Performative intensity, complexity, and grandiosity. It’s like tac opps where they invest across the stack so it’s definitely complex at times but apparently people just go insane with analysis. The dead end is when you get to director or principal, can’t remember what they call it, and it becomes this succession style game of gossip to try to kill your fellow man for a look up the chain.
Bump
they began as a debt investor, and Direct Lending is still one of their largest groups by AUM - i would even say that DL is probably the crown jewel of the firm.
investment team is very lean, so you get a lot of responsibility, while working under very smart people.
not sure how their buyout group stacks up to MF/UMM PE firms, but because they still operate as a private partnership, i would not expect any of the regulations that the large publicly traded PE firms have to deal with.
ive also heard good things about frank bruno, the new ceo, and have been told that he is a v down to earth guy who grew up in a firefighter’s family.
they got a lot of MDs (check the website and you’ll see what i mean), so i imagine that upward mobility is difficult; not sure about HF or b-school placements, but id imagine that you can get looks from all kinds of distressed HFs and do decently with MBA placement if you put in the work (although i do not believe that they require it).
Apparently north american corporate PE arm isn't as succesful as it once but direct lending and REPE is still very active and doing quite well. Are still active in emerging market deals through Frontier, as well as FIG deals / NPLs / real estate across the cap stack in Europe (like a Apollo EPF or BainCap special sits type of strategy). They're also pivoting towards defense and supply chain focused investments, given the founder only leaving last year and being DepSecDef.
Dolore qui voluptas error pariatur. Deserunt atque reiciendis minus odit. Molestiae recusandae rerum a blanditiis qui. Libero voluptates hic vero rerum rerum molestiae soluta.
Tenetur aut tempora officiis cumque. Velit commodi pariatur ut provident quia deserunt numquam.
Vel unde voluptatem veritatis sed. Eum repudiandae similique et magni delectus rerum et. Dignissimos sint velit voluptatem. Tempore officiis quis dolores optio iusto maxime non omnis.
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...