Cove Hill and AVALT?
Hey everyone, I was wondering what peoples' thoughts on AVALT and Cove Hill are? Both relatively new Boston-based funds started by former Bain Cap partners.
Trending Content - Private Equity Forum
| +59 | Working on Juneteenth | 35 | 15h |
| +24 | From Public Equities to Private Equities | 4 | 5d |
| +22 | Hardest time I have ever seen to be a GP | 3 | 1d |
| +20 | How to Get on Career Track / Stay Post ASO years | 6 | 2h |
| +19 | Weighing exit from LMM PC/PE | 3 | 2h |
| Search Fund Internship Vs. Internship at my family's Family Office | 10 | 1d | |
| +15 | Healthcare PE | 6 | 2d |
| +15 | KKR comp for Principal | 12 | 8m |
| +15 | Anyone have intel on Aterian Investment Partners? Culture, Comp, Performance? | 9 | 4d |
| +12 | LMM groups within larger platforms? | 1 | 5d |
Career Resources
Both funds appear to be cut from the same cloth. Started by former Bain Cap MD's, both investing a ~$1B long-term focused fund, both seem to predominantly hire former consultants. Judging from the websites both seem to have pretty high caliber people and would offer you a good Associate experience. Not sure how to compare them to other consultant-friendly PE funds though. Anyone else have thoughts?
Cove Hill has a very good reputation. High quality people. Fund raise was apparently very smooth. Supposed to be lots of room for advancement internally.
Bump!
Any insight into their interview process?
Does anyone here know which recruiting firm covers Cove Hill?
Ratio Advisors
Awesome, thanks
Any insight on salary as it compares to other larger funds?
Is Cove Hill considered a MM or UMM?
bump
Definitely very MM. closer to LMM size. A 1.5bn round is not large at all. There’s no set number for UMM, but I would put it at around 8bn+
Bump on any information about Cove Hill Partners. I know it focuses on long-term assets, but aside from that I'd love to know more (perception in the industry, WLB, etc.)
Bump
As others have mentioned perception in the industry is very good. Anecdotally I think returns have been quite strong. I haven’t heard great things about WLB/culture though. They’re known to be a total sweatshop and have had a revolving door of Associates and VPs over the past couple years.
I heard the culture has improved
Could someone add some more color on Cove? Have ties to Boston so thinking of recruiting there on cycle
bump
Bump
Anecdotally, really good returns for the few exits they've had. Invest in two main verticals: consumer tech and vertical software. Has a somewhat differentiated approach as they have evergreen provisions to hold portcos far past the typical 5-7 years. Associates are given coinvest and pay above market for their fund size (in line with UMM/some MF). Has seen some turnover soley from ex-consultants but otherwise strong track record of internal promotions.
Any updates on Avalt?
Bump on AVALT?
Any insights on the Analyst program and path to promotion?
Bump on AVALT
Enim voluptate et dicta repellat ea. Non doloribus neque dolorem. Qui ea assumenda ea facere.
Dolores facilis repudiandae ut qui ut autem magni sint. Dolorem quam culpa voluptates mollitia nulla. Reprehenderit et consequuntur adipisci consectetur totam laboriosam voluptatem. Sint animi sunt dolor a sunt nulla.
Eaque rem autem et perferendis voluptatibus ipsum. Soluta fugit iure deserunt soluta. Et veritatis nostrum ab nesciunt.
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...
Quaerat aperiam ipsum et est. Non voluptatem veritatis blanditiis cum ad.
Provident omnis ab ipsum. Voluptates explicabo quaerat animi sint perspiciatis. Nesciunt sit sunt soluta magnam. Tempora ad reprehenderit voluptatem non eveniet explicabo fuga.
Magni expedita quia dolores natus illum. Ut hic corporis architecto facilis eum voluptas aut. Incidunt quia id assumenda voluptas iste placeat aspernatur. Qui quibusdam iusto perspiciatis eum.