New Mountain Capital, Advent, Berkshire Partners
Does anyone know anything about these firms? I did my own research but would like to know what you guys think with regard to:
- culture
- reputation
- business school pipelines
Not sure about culture, but all 3 are excellent for the other two criteria
I unfortunately don't know much in terms of culture for Advent and Berkshire. New Mountain seems like it has a great group of people, and I'm sure Advent is very dependent on the office and group due to its size.
In terms of reputation, I think the clear hierarchy is Berkshire, New Mountain, and Advent.
In terms of business school pipeline, I'm sure HBS, GSB, and Wharton are all accessible options from these firms.
That sounds right - think that HBS and GSB are very likely from all 3, Wharton is virtually guaranteed
Awesome thanks guys, appreciate the candidness
How does Charlesbank stack up against these?
In terms of business school, 5 of 6 Berkshire associates in last year's class ended up at HBS. 6th is at GSB. Everyone I've met from there has been quite personable. They definitely pay high prices for good assets. Just closing a fund that's in the ~$5.5B range IIRC. Berkshire is known for being very democratic and collegial (everyone goes to Investment Committee, and it's consensus-driven). No historical turnover of senior people.
Advent has a much more international focus than the above firms. No idea on culture but the fact it's much more spread out than New Mountain, Berkshire, or Charlesbank probably impact cohesion, red tape, and culture. I honestly don't know much about them.
New Mountain feels like they have a little bit more of a narrow focus in terms of deal dynamics, and have had a little more turnover of senior people I think, so glean from that what you will. I've met a few of their associates at HBS.
Charlesbank is smaller than all the above, and more focused on value assets, most recent fund was under $2B. Pipeline to HBS is good but not as good as Berkshire. At least one of HSW is quite reasonable, based on recent track record. Down to earth people, and also no historical turnover of senior people.
New Mountain Capital (Originally Posted: 07/31/2011)
Anyone know anything about these guys? Interview process / headhunters?
A few of their higher profile investments (Strayer, SNL) are pretty interesting, but it doesn't look like they take fresh undergrads.
Spin off from GS Private Equity arm I believe.
it is not a goldman spin off, though the top guys are ex-GS
New Mountain Capital (Originally Posted: 10/15/2009)
New Mountain Capital email convention?
Most of these can be found by Googling "@domainname.com" (with quotations). Google "@newmountaincapital.com" and in a couple minutes you'll find the convention.
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