Anyone have any insights to any Houston, non-energy PE shops? Looking for both list of firms that exist and any reputations / thoughts, etc.
Off the top of my head (but please add any, this definitely isn't all of them):
Main Street
Sterling
Cap Street
[Any Others]
Thanks
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Genesis Park over all if you can get an offer there
Agree that Sterling and CapStreet are the top options. Also generally speaking are the two (non energy) firms in Houston that are the most standard MM PE for recruiting. Pre-MBA juniors, Post-MBA midlevel and up.
Any more color on the Main Street pay & culture? Know they like to hire analysts off campus and are willing to direct promote to all levels.. probably has something to do with the lower pay. Some of the newer non-energy shops listed are being founded by former Main - Genesis and Clovis seem to have Main backgrounds. Is the turnover mentioned primarily at the top, bottom, or all levels?
Are you set on Houston, or open to renewables shops? There's a solid non-energy scene in Dallas and Austin, but the list of MM/LMM in Houston outside the energy space is not that long.
I feel like HHs are constantly reaching out about positions at Main Street (for years), people must not like it there
Have heard pay is definitely below market, but WLB is pretty chill. Tho hard to judge quality of the fund when capital pool is fixed (public)
Any info on what the pay range is?
Sterling crushes it, sweaty af but pay is known to compensate for it. Heard CapStreet has a great culture.
If it’s helpful, Sterling comp is 270 all in
Any carry? And do they look at Houston firms?
They recruit from Houston, source: Had a superday last year (from a Houston MM)
Sterling uses GoBuyside.
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