Lee Equity - any intel?
Does anyone have intel on culture, deal history and reputation in the market (besides the obvious that they are a well established shop)?
Does anyone have intel on culture, deal history and reputation in the market (besides the obvious that they are a well established shop)?
Career Resources
I know a guy. Would say it’s very middle of the road for MM PE. Sometimes they grind really hard, sometimes they’re slow. Generally decent people. There’s certainly better but there’s also worse.
Went through a process to join them. Interviewer gave lots of red flags, below"
1. Linkedin profile seemed douchey - had a gray and white Blackstone-like profile pic which I know is subjective but to me anyone with that sort of pic outside of BX is a hardo and likely a prick to work with
2. Said having any sort of deal experience isn't important in private equity....this is just blatantly not true. In an industry when transacting is the job itself, deal experience at the investment team level is important to have as part of your firm experience
3. Somewhat tied to the observation above, literally asked me if I was ok with not working on live deal experience and only doing portfolio management work for a span of 18-24 months upon joining the firm....not saying portfolio management work is wrong, but when you are hiring someone to window shop as a active investment team member/someone with expectation of getting deal reps, only to have them do portfolio mgmt is a huge red flag to me
4. Overall seemed nice but tone deaf to some of the points around culture I made throughout the conversation. Just seems like a mediocre firm with people who are overcompensating or not quite in the reality seat yet of who they are / where they're at.
Came out of the conversation knowing one more firm I know I wouldn't want to work at
Curious if this was because you’re in private credit and how the lateral process from private credit to private equity has gone
Not in credit (chose for anonymity)
Associate 1 - had an interview with them. Can I DM you? I have a feeling I know who it is
Can agree with this take. Interviewed with and got some flavor of things listed above. Seems like a subpar shop
Your garden variety (L)MMPE. Those lines have been blurring a little with the massive inflation in fund sizes.
I’d try to figure out how they do succession planning, looks like the DLJ founders are getting old
Founder Tom Lee killed himself in that office and his ghost still haunts the place
https://nypost.com/2023/02/23/billionaire-financier-thomas-h-lee-found-dead-of-self-inflicted-gunshot-wound-in-nyc-office-sources/
Any updates?
Definitely avoid.
Could you elaborate?
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