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.
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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.
Appreciate your insights! How relevant is KKR's Global Client Solutions' ESG/sustainable investing to the Infrastructure team?
kkr infra and don't look back
can i pm? interested in recruiting in the infra space for SA2026
If you want to do infra, do KKR. If you want to do more traditional PE, do Evercore. Don’t overcomplicate the decision because it will be hard to get out of infra and it will be hard to get back to KKR infra…
Long term you'd be doing yourself a disservice going into infra pe. Low returns and low compensation. Extremely boring and technical.
Why not go to Evercore and try your best at Blackstone or H&F buyout PE?
Are you intentionally spreading misinformation or are you just clueless? Weren’t you commenting on another thread about how infra funds will kill it in H2 2024?
Which part of what I said is misinformation? Infra PE will do well in the short term and buyout funds will struggle to maintain historical MoMs. That doesn’t mean infra PE is a better decision long term.
Imo Quality of SA opportunity = quality of firm x % chance of return offer
KKR return offer rates are low anecdotally
TAKE Evercore M&A. You can always get a Infra associate offer if you want. But you will have difficulty getting looks for anything outside if you take it but don't like it.
Im an incoming full time analyst at a large infra fund. Do you really think it would be that difficult to lateral to a corporate pe spot after I finish my analyst program?
It is impossible.
Evercore M&A no debate
Stop chatting shit. KKR infra without a question.
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