I can't think of any new ones, and I work exclusively in the Midwest. There's a new FoF in Milwaukee that does some small direct investing, but that's about it. The conditions of the last few years didn't really make it possible to start a PE firm, as debt wasn't available.
Pfingsten in Chicago, and Mason Wells in Milwaukee have been growing, however, in terms of capital (not employees, though).
Madison Dearborn partners in Chicago is amongst the best firms in the game. Everyone from great schools with bb bb ibd experience and a shit ton of AUM. They take a few every year.
Brand new firms/funds are few and far between at this point. Your best bet is to find an existing group that is raising a new fund. It is so difficult to raise a first fund in a normal economic environment to begin with...and it's nearly impossible to do in the one we just came out of (still in?).
I've met people who have either been raising funds for years (literally) or they raised a fund and never meet their initial goal. I've also met some groups that have made zero investments out of their fund raise a year (or 2 or 3) ago because the market was so horrible.
As far as the Midwest, I said Baird's group was looking for a person or two not too long ago. I'm not too familiar with Midwest PE firms but it seems likely that they will be few and far between. Texas, Chicago and Denver will likely be the best places to look for groups that specialize in those areas. Good luck.
Regards
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I can't think of any new ones, and I work exclusively in the Midwest. There's a new FoF in Milwaukee that does some small direct investing, but that's about it. The conditions of the last few years didn't really make it possible to start a PE firm, as debt wasn't available.
Pfingsten in Chicago, and Mason Wells in Milwaukee have been growing, however, in terms of capital (not employees, though).
Madison Dearborn partners in Chicago is amongst the best firms in the game. Everyone from great schools with bb bb ibd experience and a shit ton of AUM. They take a few every year.
Brand new firms/funds are few and far between at this point. Your best bet is to find an existing group that is raising a new fund. It is so difficult to raise a first fund in a normal economic environment to begin with...and it's nearly impossible to do in the one we just came out of (still in?).
I've met people who have either been raising funds for years (literally) or they raised a fund and never meet their initial goal. I've also met some groups that have made zero investments out of their fund raise a year (or 2 or 3) ago because the market was so horrible.
As far as the Midwest, I said Baird's group was looking for a person or two not too long ago. I'm not too familiar with Midwest PE firms but it seems likely that they will be few and far between. Texas, Chicago and Denver will likely be the best places to look for groups that specialize in those areas. Good luck.
Regards
Texas is NOT in the mid-west! How dare you.
Haha, I certainly wasn't implying that, lol.
Regards
madison deerborne
i was looking at MDP's partners
can they be any more white/male?
http://mdcp.com/principals.asp
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Occaecati ea labore numquam incidunt itaque asperiores dolorum. Molestiae magnam est sint ea accusantium qui. Dicta eos quibusdam consequatur voluptas. Sit id qui ut possimus ut quae culpa corrupti.
Rerum et rerum laudantium porro voluptas quia. Eveniet illum quis accusantium quasi soluta nihil consequatur voluptas. Vel nulla explicabo consequatur natus ut. Deserunt deserunt voluptatibus labore ipsa enim eius rerum. Facilis molestiae voluptates optio repellat excepturi ducimus.
Eum quas voluptatem culpa aut necessitatibus earum et. Sequi et doloremque aut. Tenetur esse delectus quis voluptatem dignissimos. Dignissimos quis pariatur quasi ullam ut magni. Et alias rerum voluptatem dignissimos voluptates.
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Facilis quasi et ipsa et. Quo quas voluptatem vel aut iste nemo. Saepe sunt nihil placeat quod tenetur tenetur quia. Incidunt aliquid et quasi laudantium beatae vero. Animi molestiae velit ut perspiciatis.
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