How is the culture at 26North? How much focus is there on the insurance platform there?
How is the culture at 26North? How much focus is there on the insurance platform? Seeing some people left within a year after joining and can't tell why. Josh Harris apparently not as involved day to day anymore.
following!
Josh Harris doesn't run 26North day-to-day, and I'm not sure why anyone assumes he does given he's worth 10bn and owns sports teams. Mark Weinberg, formerly managing partner of Brookfield's PE business, runs the firm day-to-day. That said, 26North is still a phenomenal seat. The risk-return is asymmetric compared to grinding out a longer-term career at a MF: the team has a very strong background / track record, and they have a huge access to capital advantage for a fund of their size just given Harris' track record and connections. Generally, raising over $1bn as a first-time fund is very impressive on its own. Anything in the multi-billions is a genuinely unique story, especially in a fundraising environment this rough.
On people leaving, just search Josh Harris on WSO and you'll get your answer. He may not be day-to-day, but he founded the firm and personally picked the people who do run it. Harris is infamous for being one of the worst people to work for on the street, and culture flows down from whoever founded a firm. On Insurance, that was really a Marc Rowan thing at Apollo; Harris was more of the PE guy.
Weinberg not exactly known to be a teddy bear himself (similarly can read about Brookfield PE culture on here).
That's my point. He was hired by Harris for a reason. Culture is going to align to the personality of the founder.
Quis accusamus esse consequatur dignissimos. Doloremque optio et aut ut. Tempore sunt accusamus dicta ipsa accusantium ex officiis. Voluptate sed ut itaque et cum ut quidem.
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...