Does anyone have insight to Haveli Investments based out of Austin, TX? Hard to find any info: Curious on how the fund is performing and any info on recruiting timeline, comp, culture.
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New fund set up by former Vista leader who left in the wake of Robert Smith's legal issues, probably following their pattern of investing.
Crap culture. Also, Pay is in line with MBB consulting. Avoid!
I have some connections that work there. Can confirm culture is crap and very very sweaty. Pay is market though. Associate 1 is 150k base + 150k bonus. Not sure which consulting firms pay that LOL. Also in Austin that goes a long way bc no Income tax
heard horribly sweaty. like apollo bad. But in Austin where sun is it and all your friends are grabbing beers and going to the lake which doesn't help
Damn, wha
Any update here?
bump? is the culture really that bad? apollo level bad is crazy lmao
Insane pedigree for a new fund, founder co-founded a MF and got kicked out amid internal fighting, which materially de-risks fundraising and access (similar in spirit to 26North). Comp is very strong on a COL-adjusted basis if numbers here are correct. Culture sounds intense from the above, but you’re joining a platform with unusually high odds of scaling quickly given the founder’s capital and network.
Bump - any additional insights on culture / compensation?
155 base 155 bonus
Had a friend who left last year, said it was worse than his prior UMM gig
culture wise or deal reps? seems like they've done large-scale take-privates but also play in other spaces like late-stage venture rounds and gaming investmentss
Headhunter is constantly bumping this one, which I’ve taken as a bad sign
Terrible look for them. I went to their process back in the day before they became WSO darlings by announcing their fundraise; they are trying to be Vista with the IQ test. I am sure it's even worse interview process now given they are much more appealing to canidates now than vs. when they were raising a first-time fund. Have heard they are super sweaty from people there, but Apollo bad is just wrong. Apollo is a different level of bad hours; and Apollo compensate's accordingly. They have leadership with insane pedigree, which is why they raised so much for a first-time fund.
Anyone know if they are running a 2026 process? Want to be in Austin and doesn't seem like many firms here.
HH reached out a few weeks ago regarding this - similar timing to the other on cycle opportunities - said that they were just wrapping up 2026 recruiting and were kicking off 2027 with everyone else that week / the next week.
If you want to be in Austin - would look at Vista, Haveli, Peak Rock, and Tritium
Bumping this. Also open to other firms in Texas.
Have a friend there, definitely a mixed bag. Big positives are consistent exposure to very pedigreed seniors (firm led by former Vista co-founder and former Bain NAPE Tech head), no hard 2-and-out (several analyst promotes and early associates now VPs), and strong fund momentum (largest first-time PE fund). Downsides are the extremely lean team relative to a ~$4.5bn fund (across all levels) and very high deal velocity across various capital structures (read: very sweaty and also you look at both buyout + growth), Austin as a starting market (IMO just a worse city to start career off than NYC/SF), inherently a niche platform since only software, and a much less formal / less well-known training program than banking or larger PE platforms.
Didn't have any complaints about the people, but seems hours weigh's on culture; the firm also does complex structures (PIPEs, take-privates) that are interesting but tough to work through. Strategy is basically a Vista-style playbook for the MM, which is a pro or con depending on how much you like growth-focused software investing / paying up very high multiples for businesses already growing well. Pay is 310k for associate 1's (155 base + 155 bonus), which is in-line with market for fund size, but you do get the advantage of lower COL in Austin.
Don’t think it’s Vista 2.0 strategy wise. Sheth was main deal maker guy at Vista. He was their first junior (later became cited as a co-founder title and became their long-time #2 during the years where they had exponential growth and established themselves as a MF). That shows up pretty clearly in his fund; they mostly do complex deals (pref stock deals, majority recaps, funding inorganic growth rounds, PIPEs, take-privates, etc.) and not much vanilla buyout. That also means it’s going to be sweatier than Vista (already a known sweatshop) given deal complexity. As an aside: there’s a really good Forbes article on the Smith - Sheth breakup that’s worth a read, interesting from a PE industry perspective, basically two of the best investors in the world who’ve made absurd amounts of money together feuding.
With all that being said, it's very clearly a rocket-ship. Nobody becomes the number 2 at a MF or a billionaire off of PE without being a great investor.
Edit with added thoughts on the actual question:I’m not sure this is a place where staying beyond two years necessarily makes sense, but it should be excellent for the résumé.If you had the option, a larger UMM or MF are clearly stronger pure résumé signal. That said, within the lower to mid-sized UMM cohort, they are going to be viewed favorably. Regardless, the brand will carry weight in software investing given legacy of founders, and they are regarded as sharp investors in the software investing world.
b
bump!
Can’t speak to culture but many of the emerging-manager focused institutional LPs I have spoken with are invested here. Seems to be on many of their target lists, which is a good sign.
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