GS XIG is not PE!!!
Keep seeing people post across LinkedIn that they are joining GS PE when in reality its just XIG. Pls fix to asset management and stop misleading kids about what you do
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100% agreed its literally fund of funds work
who hurt you?
Sure I guess, but secondaries is probably the hottest space in PE right now and the XIG secondaries team is investing out of a larger fund than the latest vintage of GS buyout… kind of weird to get upset about stolen valor at this point
Maybe this was a valid grievance when SSG still existed but that ship has sailed
"Why are they not following the naming convention of my arbitrary tier list 😡"
This must sound so tuff if you’re a virgin
Current Buyout Asso at a lower tier MF, interviewed with them in the past but got dinged.
From what I understood:
1/ 90% of the work at XIG is underwriting single asset companies (FoF is small to non existent), both through Co-Investments and Continuation Vehicles. Average ticket size is USD400mm.
2/ Pay at junior levels is similar/above than top Banking gigs. It truly ramps up when carry hits.
3/ Quick look on Linkedin will confirm that most of their Analysts exit very well (mostly UMM-MF).
what is a lower tier MF - is that just a Euro MF?
Yeah, think CVC, EQT, Cinven
What about their hours? why people leave given it’s already a good buy side job?
Carry will not hit and there’s no way pay is similar at junior levels b/c the actual GS PE group pays less than some MM PE jobs.
Can anyone share color on promotion trajectory in this team?
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