LMM Chicago PE Firms

I am considering Chicago middle market and lower middle market PE opportunities. Wanted to see if anyone has views on the following firms in terms of strategy/best performers, culture/WLB, and comp:

1) Waud

2) CORE

3) Windpoint

4) CIVC

Thanks!

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Those are some very different funds in terms of strategy, sector-focus, size, etc.

Windpoint has a good reputation, particularly in certain verticals (e.g., food). 

Waud is newer and has some sharp people, cut throat culture and as a junior guy, you'll be working hours more similar banking hours and doing a ton of monotonous work (reporting assistance for portcos, etc.)

I don't care for CORE's strategy and they have notoriously been bottom-feeders, but just won a Lincoln auction, so they must be doing something right. 

CIVC is doing lower MM business services deals, but seems to have a reputation as a good place to work.

 

I interviewed this year at Windpoint and CIVC this past year. My observations were the following:

WP: comes across as a stuffy, sweatshop like culture. Maybe it was just the personality of the Principal and VPs I spoke with, but it didn’t come across as an enjoyable place to work. I distinctly remember asking what they like about WP and they both had terrible answers, which was quite an eye opener for a softball question.

CIVC: came across as a much more WLB and culture centered team, again could just of been the people I interviewed with.

Ended up taking a different PE offer so not at either firm.

 

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