KKR Infra vs Evercore M&A
Lucky to be choosing between the two for 2025 SA. Any insights on the best choice? Looking for learning experience + exit opps. Thanks.
Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
May 31, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
When deciding between KKR Infrastructure (Infra) and Evercore M&A for a Summer Analyst (SA) position in 2025, it's essential to consider your long-term career goals, especially in terms of the learning experience and exit opportunities you're seeking. Here's a breakdown based on the insights from the WSO dataset:
KKR Infrastructure: - Learning Experience: At KKR Infra, you'll gain exposure to large-scale infrastructure investments, which can include everything from utilities and energy to transportation and telecommunications. The focus on long-term, capital-intensive projects offers a unique perspective on investment strategies and asset management. - Exit Opportunities: Positions in infrastructure funds, especially at a prestigious firm like KKR, can lead to a variety of exit opportunities. These might include roles in other private equity firms, infrastructure-focused funds, or operational roles within portfolio companies. The specialized knowledge gained here can be highly valuable in the growing infrastructure sector.
Evercore M&A: - Learning Experience: Evercore is renowned for its M&A advisory services, providing a broad exposure to various industries and transaction types. Working in M&A at Evercore, you'll develop a strong foundation in financial modeling, deal structuring, and strategic analysis, which are crucial skills in investment banking and beyond. - Exit Opportunities: The M&A experience at a top-tier advisory firm like Evercore is highly sought after, opening doors to opportunities in private equity, hedge funds, corporate strategy, and other areas of investment banking. The firm's reputation and alumni network can significantly enhance your career trajectory.
Considerations: - Interest in Sector vs. Skill Set: Reflect on whether you're more passionate about the infrastructure sector specifically or if you're aiming to develop a broad set of skills in finance and strategy that M&A work offers. - Long-Term Goals: Consider where you see yourself in the long run. If you're drawn to the operational side of businesses or specific infrastructure projects, KKR Infra might be the better fit. If you're aiming for a broader range of options in finance or strategy, Evercore M&A could provide a more versatile foundation. - Culture and Fit: While both firms are prestigious, their cultures and the day-to-day experience can differ. Try to engage with current or former employees to get a sense of which environment might suit you better.
Ultimately, both options are excellent and can lead to a successful career in finance. Your decision should align with your interests, career aspirations, and the type of work environment in which you believe you'll thrive.
Sources: Evercore NYC M&A vs PJT NYC M&A for Private Equity and MBA Exit Opportunities, MBA SA Goldman vs Evercore, PJT RSSG vs. Evercore M&A, https://www.wallstreetoasis.com/forum/private-equity/kkr-sa-2023?customgpt=1, Evercore SA 2021
How are you just deciding now? Had a buddy that wrapped up with KKR infra in mid February.
Either way, would lean infra of two good options. It’s a growing space in terms of AUM and breadth of assets they look at and you’ll be kicking yourself if you place any worse during on cycle.
KKR Infra
Know the current responses are leaning towards KKR. I would just recommend that you take a step back and really consider what it is you want to do and strongly suggest you reach out to folks in the infra space in particular to see if it's something you'd like to settle into. Sure, it's buyside and a highly sought-after buyside exit, but at this stage in your career, you should be focused on opportunities that open the most doors possible. If you end up not liking infra...then it doesn't matter what brand firm you join.
My 2 cents is that 2012-2022 was the golden decade of infra fundraising and investing. Going forward, there will of course be plenty of opportunities but I think there will be heavy consolidation in this sector/asset class and you may not want to spend every day grinding through super granular models as infra assets tend to require. Really take the time to explore infra generally and speak to ppl who've worked/working in the space. Now is also the time to find as many mentors as you can before you 'age out' and it gets awkward spamming randos on LinkedIn. People who care and people who realize it's a small world will generally respond to these cold outreaches. After you speak to some of these folks, then make this call.
Just a counterpoint here, KKR Infra generally targets value-add returns (unless you're specifically going to work on their core strategy), so the modeling is much more akin to standard PE than represented here (outside of renewables and district energy which does get very granular and is a pain).
Plus their mandate is broader than a typical infra group with launch of a new climate fund. Know that they look at earlier stage stuff, even very late venture/growth rounds.
Unless they have changed the structure very recently, the Climate Fund is a separate team.
The climate fund is covered by the infra juniors. Only senior folks are dedicated.
Voluptatem velit voluptatem ratione cupiditate. Ut voluptatem distinctio maiores neque ut consequatur consequatur. Dolor numquam odit pariatur vel tempore. Aut harum et non iure quam iusto. Qui voluptatem qui quis non voluptatem.
Id in debitis omnis iste qui animi. Molestias aut earum nobis iusto fugiat. Eos architecto repellat iste autem consequatur. Quo iure aspernatur maiores dolores et. Sunt commodi dolorem aut perspiciatis sit. Veritatis quo iste itaque sint placeat tenetur. Est voluptas laboriosam atque eaque.
Eum quisquam animi velit voluptatem debitis. Enim aperiam neque animi quam est quis eveniet. Et eius voluptatum autem.
Facere facere laudantium ut. Eveniet vel pariatur mollitia quisquam fuga temporibus eveniet. Rerum et optio quos aut saepe distinctio veniam. Ducimus error tempore repellendus recusandae modi dolorum.
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...