Moelis NY placements for this cycle (HF and PE)?
Hello everyone! I will be interning at Moelis NY in Summer 2019 and was just curious how well Moelis analysts placed this cycle. Appreciate any information regarding this!
Hello everyone! I will be interning at Moelis NY in Summer 2019 and was just curious how well Moelis analysts placed this cycle. Appreciate any information regarding this!
Career Resources
Heard a lot of mid/midupper MM at decent places, no mega funds from what I've heard, but there may be a few. Hedge fund recruiting hasn't happened yet and its not on a regular process, it's usually immediate hire except Farallon and a few other SpecSit Distressed Megafunds.
Moelis NY places well compared to most banks, but they were never a seed for Megafunds. Kids who would position themselves do to restructuring or go that route seemed to get into those types of roles at the better places. There may have been 1-2 mf exits that I don't know of though. Even in the past it was usually Apollo, Ares, etc. who have a distressed edge. I know one or two people also went to top FO's in the past like MSD and such. Never thought of NY as placing as well as Evercore LAZ or PJT. LA is definitely on par with the top groups.
Can anyone speak to the exits from Moelis LA this year?
Heard through a colleague who's from Moelis that both offices killed it For NY I heard just from the street ....American Securities, TSSP, Ares, Encap, Harvest Partners, Jadwa Investments, UBS Spec Sit, Apax, Morgan Stanley Special Sits, TA Associates. And Moelis LA was the usual... got Apollo NY, Apollo LA, Centerbridge, KKR SF, H&F, TPG, LGP, Ares, BX Tac Ops
Can someone explain the obsession with Centerbridge? From what I gather, it’s a decently performing (single digits - teens IRR) UMM fund that hires a bunch of people and isn’t particularly lean. Is it just because it has this association with distressed that people think it’s so sexy?
I get it’s a top notch fund, but people seem to mention it far more than other funds I’d expect to be similarly sought after (H&F, CD&R, Providence, Warburg, Golden Gate).
deleted