What’s the view on these firms? This is for London Associate positions coming from a US BB Analyst 2 role. Have to be clear on my decision by Monday.
Looking for additional info on fund performance, culture, strength in EU etc.
| +101 | Cognitive decline | 33 | 16h |
| +88 | Vibe-Working in Finance with AI ? What about you | 34 | 3d |
| +46 | PE VP: Thoughts on Quitting with Nothing Lined Up? | 18 | 8h |
| +30 | Those unemployed in PE 3+ months, how do you make progress every day? | 10 | 8h |
| +13 | How Cooked is Software PE? | 1 | 5d |
| +12 | co-investment / Allocator roles WLB | 4 | 1d |
| +12 | Indian PE Landscape | 2 | 3d |
| +12 | Is it possible to get no comments as an analyst? | 3 | 15h |
| +11 | LMM Startup PE Fund Vs. Tier 2 Consulting Firm | 3 | 4d |
| +10 | Firm Culture in PE | 4 | 3d |
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.
Onex last fund wasn’t doing great, Lone Star has a rough culture but it’s more reputable
I’d go lone star
Congratulations on both offers, both sizeable funds that do large cap deals.
Hard to make a specific recommendation but this is what I would consider:
Onex is struggling to fundraise, not performing very well (has not monetized much in 2021/2022 which were good years to sell) but the team is laid back. Has promoted a lot internally historically but seems to have issues at the top (MD type level and founder transition).
Lone Star is a more nerdy and sweaty, focused on fewer sectors / types of assets. Has done few great deals (MBCC out of BASF will see them make 2-3x their money in like 2 or 3 years on a massive ticket… basically guaranteed to pay carry if they don’t fuck up the rest).
Onex fund size is much much bigger and they run relatively lean, so would imagine the carried interest at senior principal+ level could be more attractive.
Onex is investing fund V which is $7bn and has around 60/70 IPs in PE. Lone star is investing fund XI which is $8bn and has same number or probably less IPs (exact number unclear as they are not on website but through LinkedIn search seem much less)
The thing that actually matters is how much the senior partners / founders keep for themselves. The spread on this stuff is huge
-
Congrats! Can you share offer comp numbers of these 2 firms?
Voluptas totam sed nemo sint dolorem id voluptates. Facilis sit a nihil velit placeat et. Molestiae rem quia dolor commodi omnis id in. Vel sit id ut alias quam. Asperiores consequatur deleniti est dolores alias quidem vitae. Et culpa qui alias itaque et consequatur repudiandae vero.
Nisi itaque dolor dolore nostrum. Commodi repellat dolores dolorum numquam ut repellat dolor doloremque. Quis sed autem alias odio molestiae. Et esse sed autem praesentium qui animi explicabo.
Modi quia sint et ratione ullam iste quae incidunt. Impedit ullam repellendus atque quas. Ad eligendi eum quaerat.
Totam quae quos qui corrupti a. Dolorum laborum necessitatibus corrupti et labore facilis magni.
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...