Solid UMM shop (raising 6th fund in 10 years targeting $7B from what is being reported) that has performed well over the past few years. Young team and firm seems to be expanding quickly. Had a few analysts exit to larger shops like FP and Vista recently. From what I’ve heard, pay is below street and roles are segmented between direct sourcing and diligence, with the sourcing team being the ones who bring deals to IC and diligence taking over after initial review. Flat culture, good benefits, and solid analyst training if you can get behind the lower pay.

 

I know for a fact they hired a lot of random tech sales/BD people to grind on sourcing. When I was in banking they took a look at everything we gave them and wasted our time, but that could be because of my bank’s faults. Know one of our analysts interviewed there and he got a bad vibe.

Not too many PE shops in SoCal and I’ve heard much worse things about Marlin FWIW

 
Most Helpful

I have heard some great things about K1 such as the culture, high quality training, level of responsibility early on in your career and lots of potential for internal promotion I think every VP started as an analyst there. Another impressive part about K1 is how fast they have grown I believe with the newest fund they should hit somewhere around 20+ Billion AUM.  To get from 200MM to 20+ Billion in around 10 years speak highly to how they run their firm and that they are doing something right. If you are able to stomach the lower base upfront and want to join a firm with lots of upside potential then I would say it go for it.  Another important thing to add is that they are more of a buyout shop with growth deals being only smaller percent of deployed capital.  

 

I never worked there but have some friends that did. Pay is insultingly low but if your resume is barren it sounds like a great place to get some experience/knowledge on tech PE that you could use to lateral to a shop with more reasonable pay. All the guys I know who were there left but got great exits into strong MM PE funds

"I'm going to make him an offer he can't refuse."
 

Had a friend there who did not like the experience at all so surprised with the other comments.

Pay is terrible. Culture is mediocre - pretty sweaty and cut throat. They have a ton of juniors and not a lot of seniors so can be very sharp elbowed. Lots of pressure on sourcing to distinguish among associates.

I worked with them a bit and will say juniors get way more responsibility than comparable funds. They’ve also grown a ton so hard to criticize the approach. Think the fact that they let associates basically run deals is the reason people do well with exit opps, but it’s basically a sweat shop with awful pay so would certainly take most other tech PE shops before K1

 

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