GIC in SF
Hello,
Could we please share any info about comps and culture of GIC in US and SF specifically?
There is a thread discussing about SWF but I would love to hear more in details about this fund.
It seems like they do mostly direct investing but I could be wrong.
Thanks!
Big LPs in a ton of funds, and they do a ton of co-invest out of SF - I don't know how much direct they do. I will say that they are sometimes a real pain in the ass to deal with for co-invest, so I'm assuming workload can mirror a traditional GP (perhaps not as often).
May I ask whether this is place where I can learn more about GP investing? I am preparing for a traditional buyout interview with LBO practices and now this fund hit me up and I don’t know what to prepare.
Should I be safe to assume they don’t do buyout this LBO won’t be a component of their investment strategies?
Have you worked for them?
Thanks!
Not sure I can comment much on comp or culture, but have contacts there and have worked across from them on processes. Not sure they do much direct investing necessarily, but the team's I've interacted with at GIC made it seem like GIC will almost always want to co-invest and will never want to be more than a minority investor. They usually come in as a secondary source of equity financing alongside a more traditional sponsor (MF, UMM). I imagine a lot of the work they do is similar to traditional private equity, but diligence may be lighter as they will ride alongside sponsors they have worked with in specific sectors for a long period of time.
Thank you and this is helpful!
This Is correct. In the US they cap out at a certain % of equity, maybe 35-45%. Not sure if it’s a regulatory or risk management thing, but basically they are very large co investors. Imagine you get to see a lot of very large transactions and sit on a bunch of boards
Thank you! May I ask whether you have worked or your friends have worked for GIC? I have a few questions on my end. Not sure where to find a person to ask questions.
I have knowledge on the matter and can help, if you still need.
May I PM you?
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