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They're a very strong fund - one of the few discreet large cap funds out there and is in the same category as all of those (dk why you have ardian there) - Just raised $16bn and did the morrisons deal. Cant comment on compensation and progression but culture is more formal than informal.
bump. curious from US perspective.
Top tier fund, very strong performance, very strong team.
However, important to realize they are value investors at heart (although getting more into tech and other high growth sectors at the moment).
Top performance, one of the few funds that are able to pull out massive returns on large equity tickets (e.g. Belron recently). Very sharp people but very formal culture ("German" culture), good comp. As mentioned above, they focus on value deals - they don't work on the sexiest businesses out there, and do a lot of financial engineering. Promotion track is longer than market average, and is only getting longer.
Looks like they really only have three levels Associate -> Principal / MD (depending on if US or European, MDs are also non-investment team as well) -> Partner.
Principal step is very long but not that far off from the time it would take someone to go from post-MBA step -> SMD / Partner at a different shop ~ 10-12 years or so.
Doing a rough look at their headcount / what I've heard from friends looking at step 1 principal roles there I would assume their more tenured principals get somewhere around 75-125 bps of pool. 100 bps on 2.0xing a 16bn fund is 32mm daw . . . and they raise every 3 or years or so, so they could have 50m+ of daw at that step.
It doesn’t look like it’s actually that long compared to other shops. Usually firms like BX / Carlyle / KKR have 2 or 3 levels between straight out of MBA position and MD / Partner which ends up being 7-8 years vs. CD&R that just has 1 with similar amount fo time at that level. Only thing about CD&R is not a lot of diversity at the Principal / Partner level even compared to the other large cap PE firms.
Is it compulsory to have an MBA in Pe? I just have a bsc
CD&R has been crushing ass, particularly in Europe
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