MSIM Secondaries Insights

I don't really see too many threads covering the group. Just wanted to get an idea of Morgan Stanley's Secondaries team. Figured its a small group but based on their recent fund size I assume they're growing fast. Website said they focus on LMM GP-Led, but was surprised to see another thread saying they were notably active in large cap GP-Led transactions. Besides from that, what does their FT interview process, Comp, WLB look like? Specifically looking at Conshy office. Any help would be appreciated

3 Comments
 
Most Helpful

They were one of the first funds to create dedicated GP-led fund - they call it "ashbridge". Their cheque sizes are typically 50mm per deal, so they are either a syndicate player or lead in a LMM deal. I have however seen them go as small as 10mm on a deal. Their fund is pretty diversified as they have over 40 deals/companies in it. The fund looks effectively like a diversified co-investment fund. Quite a contrast to how ICG deploys capital (10-12 deals, all large cap where they are the sole counterparty).

 

Vel eligendi optio illo distinctio est odit. Inventore quasi reprehenderit reprehenderit tenetur. Animi quod odit earum nobis repellat dolor assumenda neque. Velit error enim neque.

Career Advancement Opportunities

June 2026 Private Equity

  • The Riverside Company 99.6%
  • Blackstone Group 99.3%
  • KKR (Kohlberg Kravis Roberts) 98.9%
  • Warburg Pincus 98.5%
  • Bain Capital 98.1%

Overall Employee Satisfaction

June 2026 Private Equity

  • Blackstone Group 99.6%
  • KKR (Kohlberg Kravis Roberts) 99.2%
  • The Riverside Company 98.9%
  • Ardian 98.5%
  • Starwood Capital Group 98.1%

Professional Growth Opportunities

June 2026 Private Equity

  • Bain Capital 99.6%
  • The Riverside Company 99.3%
  • Blackstone Group 98.9%
  • Starwood Capital Group 98.5%
  • KKR (Kohlberg Kravis Roberts) 98.1%

Total Avg Compensation

June 2026 Private Equity

  • Principal (9) $653
  • Director/MD (24) $547
  • Vice President (98) $365
  • 3rd+ Year Associate (104) $281
  • 2nd Year Associate (235) $272
  • 1st Year Associate (411) $229
  • 3rd+ Year Analyst (33) $157
  • 2nd Year Analyst (97) $134
  • 1st Year Analyst (272) $124
  • Intern/Summer Associate (38) $81
  • Intern/Summer Analyst (355) $62
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”