Currently working as an associate at a second-tier secondary shop (think Adam Street, Stepstone), doing both GP and LP led deals. With 2-3 years of associate experience, is it possible to move to a brand-name shop such as Coller, Lexington, Glendower, etc? Does anyone have similar experiences? Do I need an MBA?
| +25 | Whats the point in even trying to get into this industry | 6 | 7h |
| +24 | Thoughts on unseriously applying to jobs/interviewing? | 4 | 5d |
| +17 | Am I cooked? | 5 | 2d |
| +15 | Frustrations with Lateraling? | 1 | 4d |
| +9 | What Services Do Animation Outsourcing Companies Typically Offer? | 0 | 3d |
| +9 | Feeling Lost | 3 | 18h |
| Choosing between | 8 | 11h | |
| +9 | Final-Year with no offers | 4 | 18h |
| +9 | Interview Peocess for Lateral VP hire in IB | 2 | 6d |
| +9 | Senior Summer vibes | 1 | 5d |
Career Resources
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.
Ya it's possible. Comes down to knowing the recruiter and getting an "in" from someone that works there. Start networking / messaging ppl on LI. TBH, I'd call Adams Street Tier 3 but no biggie lol
Why is Adams Street tier 3?
That made me raise an eye brow too. I don’t consider them tier 3 by reputation but if you were to group investors by check sizes: leading with $100m+, leading with under $100 and syndicates… they are more often than not a syndicate which would in theory make them tier 3. But they can stretch to lead/co-lead smaller deals which I think makes the tier 2/3 categorization accurate.
Obviously “ranking” by check size isn’t perfect and I think the firm overall has a good reputation.
Nothing to do with fund size or cheque size. More about quality of deals they do, quality of staff, returns. IMHO they're just a beta player buying mid market funds for a small discount - nothing special and zero edge apart from using their primary business to gain intel.
Isn't AS a top-tier name in the FoF space?
Odit dolores dolor error aperiam hic. Maxime optio reiciendis voluptatem aut.
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...