Sophomore at a target, and recently received an offer from Shore-- wondering if anyone on this forum can comment on the firm (growth, analyst experience, culture, comp, etc.) ?
Would deeply appreciate any input, and thanks in advance!
firm >>> https://shorecp.com/
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They're legit. They focus on what I believe they call the "micro-cap" market (lower end of lower middle market). Very, very acquisitive (platform and add-on). A lot of momentum at the GP level - they are rolling out new healthcare (flagship) funds, a RE strategy, and a food/beverage strategy. Seems to be a more "promotable" firm versus a structured two-and-out type structure. Seems to have great culture based on what I understand.
Appreciate these insights. I was initially concerned that the 'micro-cap' focus would lead to pidgeonholing, as I'm not sure that skillset is transferrable to UMM or MF PE. Great to hear that they're highly active with acquisitions though.
W/r/t pigeonholing, I think you're fine as a sophomore. If you were going there after two years of banking, it would be a different story.
Do you think it would be pretty sweaty given how acquisitive they are.
I think they work hard, yes. Not sure if it qualifies as "sweaty" though.
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Any insight into their pay at the junior levels? Also, how difficult is to move to UMM or MF firms from here?
I made the post and am an incoming SA. They offered 15k for a 10 week internship, which comes out to a base of around 78k per year. Can't comment on bonuses or carry as I'm not sure on these. Either way, you'll be living pretty well in Chicago, which is significantly cheaper than NY or SF. In regards to moving to UMM or MF, keep in mind that Shore is a lower middle-market firm, that specializes in 'micro-cap' investing. As far as I know, Shore doesn't use a lot of debt in its deals (so not much need for complex finanical engineering) and has a high volume of deals with very small, usually founder-owned businesses, which they add to their portcos. That's the opposite of what happens at larger funds, which do relatively few buyouts with a lot of financial engineering, with businesses that have already been owned by another sponsor or are public companies. If you're interested in UMM+ PE, SCP is probably not the right opportunity out of college, and I think you're much better served taking the traditional route of 2 years at a BB or EB. A lot of firms, like Ares, Warburg, SilverLake, Vista and Blackstone, also have very strong analyst programs. As a side note, I've noticed that many people who do take the traditional route of IB-> UMM / MF PE eventually find their way down to mid / senior level roles at LMM PE firms like Shore.
Hope this helps, and happy to shed more light over PM.
Do they take sophomore SAs or only junior?
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