Looking for thoughts on this team and it's performance. Heard the culture is very sweaty for a private credit team (70 hours +). Know they do direct lending, mezz. and some minority equity too. Know they are one of the biggest players in the market with massive funds. All sponsor backed deals? Any insight appreciated
| +24 | Negotiating title for VP role? | 11 | 2h |
| +22 | How to explain short stint on resume | 3 | 15h |
| +18 | VP Promotion Chances at Megafund | 16 | 3d |
| +17 | BX / KKR Evergreen PE vs GS/EVR IB → Top MF PE | 8 | 1d |
| +17 | Being honest in Interviews? | 1 | 2d |
| +16 | Contracted Revenue vs. Recurring Revenue - How Do You Underwrite It? | 4 | 2d |
| +16 | Managers Starting Independent Sponsor Vehicles | 3 | 5d |
| +14 | Choose UMM PE or AI Corpdev role | 4 | 1d |
| +14 | Does founder experience help or hurt in buyside recruiting? | 6 | 2d |
| +13 | Headhunter Etiquette | 4 | 2d |
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.
Hey Analyst 2 in IB - Restr, sorry about the delay, but are any of these useful:
More suggestions...
You're welcome.
Bump
Would say easily 70-90 even 100 hours (downtime would be quite chill at 50 hours / w though, but happen probably 1 week every quarter) if on multiple deals at the same time. The good side is you really see a lot of deals and execute a lot, and it is GS, if it even helps here; the flipside is quite sweaty and low pay vs. same-size peers (so Ares HPS Apollo or BX), tons of admin and portfolio work that's because of the hierarchical nature of the bank
Does the same apply to the Hybrid Capital team?
Hybrid Capital hours are very unpredictable, some weeks you will have nothing to do whilst others you will be crushed. In the last 6 months, more than half of the seniors have left and the culture isn't great. Don't think comp is good due to very poor fund performance. They have done some very bad investments, which have yielded to firing and people leaving.
GSAM Private Credit can do minority equity, but it's very rare.
Working hours are usually from 09 - 23 and with minimum work on weekends, this is high compared to other Private Credit shops. Comp is way below competitors with a massive amount of portfolio work as the team does not have a portfolio team like other Private Credit firms.
Culture isn't great, mainly due to it being GS but also because of some new hires from very questionable backgrounds. You do have the opportunity to see a lot of deals, and all the transactions are sponsor-led. Exits for Analysts have also been great, many of the recent juniors have gone to MFs.
If you want to do Credit, better to go to a pure Credit shop than going to a bank.
Happy to answer any other questions.
Ipsum exercitationem eum eligendi deleniti quae odio nobis. Quo nemo unde hic corrupti non. Eius maxime dolores culpa aut. Labore minus aliquam ipsam et. Temporibus veritatis tempore et totam.
Eligendi porro nihil eos delectus optio similique. Et sed tempore eos dolore debitis.
Voluptas doloribus perspiciatis harum consequatur ea. Magnam et vel sed placeat quia in. Iusto ab fugiat inventore alias ea. Iste unde laborum dolorum natus hic quam facilis.
Alias voluptatem libero optio consequatur asperiores provident autem totam. Vel sequi voluptatem aut minus ipsa quaerat. Et perspiciatis commodi et.
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...