Anyone heard about culture, work hours, etc.? I haven’t found much on this forum on NGP, but they seem to be highly active in both upstream and renewables. Anyone also in the interview process for the Associate role?
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Excellent firm. have met a few partners there. Incredibly polished, yet earnest and down the earth. Chris seems like a great guy to work for. Hours - its energy in Dallas so I'm sure associates get worked, but it didn't come across as a complete sweatshop. Low IP turnover and the firm is run lean, so I would safely guess that people eat very well there.
Ngl associate 1 that seems like an incredibly rosy review of an energy PE firm which, like all energy PE firms, probably suffers from the fact that you don't really have optionality to go elsewhere because the industry has taken such a hit.
Also I'd need to see some recent investments that they have made good money on before getting optimistic. Up until the data center love I feel like natural gas has been the ultimate money losing venture in North America.
Remarkably misinformed response.
I'm not saying they're a bad fund, I just can't fathom glazing an energy PE fund which has genuinely was the quickest way to lose LP money between 2015-2022. Even worse a natural gas focused energy PE fund.
But please provide me with counter examples. I'm not being facetious I'm just skeptical.
Joining an energy PE firm is certainly a choice. Energy PE is too dependent on outside factors for any firms to be particularly interesting IMO. It's all dependent on energy prices. Anyone saying otherwise is lying to themselves. Energy PE lit so much money on fire from 2014 - 2022, with basically every firm having negative IRR's, and a similar period will likely come again at some point. Wasting almost a decade making negative returns is not a good spot to be in sectorally. There is a career to be made in renewables, but anyone doing O&G PE is just gambling due to how the sector functions.
I said this and was told that I wrote an "Remarkably misinformed response." Coincidentally, the person who told me I was remarkably misinformed did the following:
As someone who works in O&G banking, it's just so funny to watch people who've fully drank the kool aid.
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