I saw on LinkedIn these guys just raised $5.8 billion. Apparently their hard cap was at $3 billion, but they went way past that. These guys seem legit. Anyone know more info about them? Would love to know about wlb, comp, culture.
| +88 | Cognitive decline | 28 | 54m |
| +55 | Vibe-Working in Finance with AI ? What about you | 34 | 15h |
| +49 | Del | 26 | 2d |
| +44 | PE VP: Thoughts on Quitting with Nothing Lined Up? | 12 | 14h |
| +18 | Acquisition Deal Structure: More Cash at Close vs. Smaller Equity Rollover in a Holdco | 3 | 3d |
| +18 | How do PE funds choose their advisors? | 8 | 18h |
| +17 | Is buyside worth it if most associate programs are 2 and out? | 4 | 4d |
| +13 | How Cooked is Software PE? | 1 | 2d |
| +13 | Management consulting or munis? | 6 | 4d |
| +12 | Indian PE Landscape | 2 | 21h |
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.
They were acquired by CVC a year or two ago. They used to do just gp led but have since diversified into buying LP stakes as well.
Very interesting. Do you know anything else?
They just raised a massive fund. Why? Not sure since they have no edge
What do you mean by “no edge”?
Not the previous poster, but this is how I see it:
At larger fund sizes, most deals (especially LP interests) are widely marketed and go through a highly competitive bidding process, which means that you are not going to get a substantial discount to NAV (relative to market) for LP interests. Price-wise, there is not much of an edge. Glendower is unlikely to have much of an edge on information and access as well as Glendower is pure-play secondaries without a primary commitment programme (which may limit access and information. Easier to get whitelisted/more info on underlying companies if you're already an LP on the primaries side).
That being said, they are one of the best players in GP-led secondaries in Europe, but GP-leds for large deals tend to be quite competitive as well.
So on price, information and access, Glendower doesn't seem to have that big an edge compared to a Strat Partners or Ardian. That being said, if you're a junior, usually the larger the fund the better the pay. So good brand name, good pay, if you get an offer from Glendower and you like secondaries you should seriously consider it
Thank you! This was very insightful
Ipsam dolores minima sit consequuntur. Soluta dolore nemo ipsam amet rem quidem maxime. Id nam occaecati et consequatur accusantium. Quod reprehenderit autem et velit ducimus. Autem rerum eum ullam qui.
Qui pariatur repudiandae tenetur placeat sunt et rerum. Alias voluptatibus veniam molestiae quam modi dolore qui.
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...