Hi All...was hoping to receive some feedback about non-MF target PE firms that you would recommend. Looking to actively network off-cycle with a handful of NYC based firms focused on Industrials, Business services and/or consumer products. Specifically any feedback about New Mountain and American Securities. Currently a 2nd year analyst at GS/MS/C top group.
Thx for the feedback.
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If you like NWC, then you won’t like AmSec. Vice versa
NWC?
Could you elaborate on this?
New Mountain just closed a $17 billion fund…
New Mountain isn't an MM ($15.4Bn fund size). American Securities is also more of a UMM than an MM ($7Bn fund size). If you're a second-year analyst, you missed any realistic shots at the UMM/MF names like those especially now the vast majority of 2nd-year analysts are leaving their seats in a few weeks/already left their banking seats. Would look more into the sub 5Bn funds. These processes are sadly very structured.
I think OP means he just became a second year so he started last July
AmSec new fund will be 3-4 billion. Heavily struggled with fundraising and pretty mediocre returns.
The new rate environment will separate the men from the boys. Let’s see how they fare
L Cat if interested in the UMM/MM consumer space
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