Anybody know how many spots are still left at the MFs who just wrapped up on-cycle? Heard that Apax / Apollo are basically full but unsure how reliable that information was. Any insights greatly appreciated.
At an UNM fund - our spots are probably 60-70% full with the rest reversed for off-cycle:
That said, things are a bit more thoughtful with off cycle spots. On cycle is just hiring as many smart/qualified people as possible, then we look at the class and think through things a bit more in terms of off cycle.
In reality what this means is focusing on diversity, different backgrounds (we like to hire some consultants who typically don’t do on cycle), and any other gaps in the class.
So in short we have seats, but if you’re a generic banker at a BB/EB then I would say it would be very tough.
Have friends at other UMM/MF and story is simile - there are seats but likely strings attached that most people won’t fit. Not saying this to be doom and gloom, just trying to inform how people spend their time
how bad of a look if you did on cycle but didnt get an offer? should u spin it/lie? just curious because it’s kind of a weird dilemma if they had ld it against you. also id you have an offer but would renage for bx what would u say
When it comes to UMM/MF, majority of seats are filled. There's a few funds still out there but competition is higher now. On the other hand, vast majority of top MM PE seats are still empty.
Ya I think PEP, BX, Clearlake, Warburg, Silver Lake, Vista, are all still 80-100% open... + 99% of growth funds are completely open (excluding insight and TPG which filled 25-50%). Agree most MF are filled but lots still open.
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At an UNM fund - our spots are probably 60-70% full with the rest reversed for off-cycle:
That said, things are a bit more thoughtful with off cycle spots. On cycle is just hiring as many smart/qualified people as possible, then we look at the class and think through things a bit more in terms of off cycle.
In reality what this means is focusing on diversity, different backgrounds (we like to hire some consultants who typically don’t do on cycle), and any other gaps in the class.
So in short we have seats, but if you’re a generic banker at a BB/EB then I would say it would be very tough.
Have friends at other UMM/MF and story is simile - there are seats but likely strings attached that most people won’t fit. Not saying this to be doom and gloom, just trying to inform how people spend their time
Silver Lake, Warburg Pincus and Blackstone all have not yet gone but are holding networking events this week. Would definitely try to get in front of them ASAP if of interest.
how bad of a look if you did on cycle but didnt get an offer? should u spin it/lie? just curious because it’s kind of a weird dilemma if they had ld it against you. also id you have an offer but would renage for bx what would u say
This is inaccurate lots of funds have not started or have around 50% of spots left.
When it comes to UMM/MF, majority of seats are filled. There's a few funds still out there but competition is higher now. On the other hand, vast majority of top MM PE seats are still empty.
Ya I think PEP, BX, Clearlake, Warburg, Silver Lake, Vista, are all still 80-100% open... + 99% of growth funds are completely open (excluding insight and TPG which filled 25-50%). Agree most MF are filled but lots still open.
Voluptatem voluptatum asperiores animi accusamus aut. Ut necessitatibus et hic laborum recusandae et quod. Officia optio minus quasi dolores. Doloremque est voluptas consequuntur blanditiis officia dolores.
Quaerat quam et repellendus. Iure qui quas explicabo atque. Asperiores magnam id harum excepturi magni dicta quas. Et quia quae voluptatem dolore.
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