Megafunds with good culture?
Curious to hear people's thoughts on which of the below have decent cultures i.e. hours, nice people, supportive etc. Feel free to ignore the obvious ones e.g. Apollo (just wanted to include for sake of completeness and benefit of people on this thread). Thank you!
KKR, BX, H&F, APO, TPG, Warburg, Carlyle,
CVC, Permira, Apax, EQT, CD&R, Leonard Green, TA Associates, Advent, Bain Capital, SLP, Vista, Thoma Bravo
Let me know if you think I missed any MFs. Just trying to gather as many insights as possible on the trad for the benefit of me and others on this community. I think the WLB aspect has become even more important for bankers who have sustained this COVID boom.
HAHAHAHAHAHA
My knowledge is limited and related to London offices, but here my two cents. Blackstone and Bain have good culture in London. It is team dependant, as ppl in BX RE or BC NPL get smashed, but other teams are fine. BX PE Lnd has chill hours (better than what you would think), and BC has good hours and a chill culture
Please could you expand further on Bain Cap especially if you have any examples / data points to back it up ?
Can confirm for Bx Re and BC NPL (data from friends and interviewing)
is this for london only?
No, Bain Cap in their Boston HQ has very good culture too
bump
I think if you're expecting good overall hours, then you're just going to be disappointed. But you may find a culture that works for you and while the hours overall are not good, you may feel more supported and just happier. To that end from what I've heard, Advent and Bain are decent relative to their peers (in general I think MF and frankly the whole industry through umm/mm just skews kind of bad). Heard TA also decent at assoc level but above that it can be very competitive fighting for attribution BUT I also have met senior folks who absolutely love it there and never want to leave. As other have said I agree things get very group dependent and increasingly so the larger your fund gets.
Would add CDR to the above list, but they're pretty low on the list for culture. Very traditional, stuffy old-school private equity, though they've performed quite well recently on a returns basis.
Does MF just mean brand name PE firms at this point?
Pretty much but all of the above have latest fund sizes of over $10bn and AUM of ~$50bn or more
Generally considered brand name funds, but probably agree with the above figures on fund size / AUM. Would say need to have both though + some sort of a global presence, as well as a certain size of a check that they can write. Ie MFs can traditionally do multi-billion dollar take-privates. On the other hand, a firm like HIG has almost $50bn AUM, but it's a very clear MM player. Don't think TA Associates is considered a MF though - they raised a fairly large fund recently but the checks they write are more similar in size compared to MM players than it is to, say, an H&F.
I have loosely heard descent things about Leonard Green, can anyone comment on them?
They’ve been growing AUM so I would call it an ascent not a descent over there
:)
What about KKR nyc?
bump
Very sweaty
Any thoughts on CD&R? Exits, pay, career progression, performance
ESP. In U.K./Europe
Trying to compare prospects with this or traditional IBD —> pe path
TA not a MF
BX NYC insights?
only insight you need: if u get an offer, take it
This is the most intern sentence I've seen
Bain Cap in Boston has great culture. From what I hear hours are reasonable too
Can you elaborate on what specifically makes their culture great? I’ve heard people say it’s great, but I’m curious to what specifically sets them apart from peers culture wise besides better WLB.
Have heard it's better only superficially. They still get worked to the bone there.
Stay away from the HC team if you want WLB/culture. Otherwise generally true.
Bump
Not exactly traditionally defined as a MF, but we have pretty good culture.
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