Off-Cycle 2026 Megathread
Well... with on-cycle 2026 being a complete shit show, a lot of firms sitting out, and a lot of people seemingly unprepared, traveling, or just not getting calls from headhunters, I thought I'd go ahead and start a thread for any updates and news sourrounding off-cycle.
Bump - one of the headhunters reached out with a few firms looking to start near term
Such as?
Carterpierce said Marlin, AKKR and and some other MM/UMM will start in the near term
Bump, following
Bump, following
Have any head hunters given indications of when off-cycle will begin and how long it will run for? In previous years it seems to be around a month or so after on cycle?
following
Have been hearing from all the HHs I’ve met with that there would be some scattered activity in the weeks after on cycle and then more movement in Q1 ‘25. But I also don’t think they expected to kick off before training started. So who knows ig
95% of jobs are going to be available off-cycle bc of how few actually signed this cycle. As mentioned above, CP said AKKR and Marlin are going to go somewhat soon. SG has said that BX are the majority of their clients are waiting for late July (CP and DSP said similar things that majority of theirs go off-cycle). Gold Coast said only 3-4 of their clients went on-cycle (KKR, Carlyle, TPG). Havent heard dick from ratio. HSP was checking in to see who is still interested.
Prep as much as you can and do not try and guess when interviews will start. It’ll go in waves with opportunities available in between. Do not screw yourself by taking interviews you are not prepped for and do not panic that you missed on-cycle. It’s very different today than how we were told it was
As FYI, BX BCP doesn't use a HH
How do they recruit then? Just a resume drop on LinkedIn?
Echoing the above. Seems like the ones that have clients that might go a bit ealier are CP, Opus, and HSP. Bellcast and CPI seemed like they wouldn't start anything/hold catch up calls for a month or 2.
I'm looking to do off-cycle but am wondering the best time to reach out to HH. Should I be prepared and ready to interview (ie able to model an LBO in an hour ext ext ) when I reach out, or is it acceptable to reach out and have initial meetings to get a better sense of the timeline of off-cycle and tell the HHs I will be able to interview in about two or three weeks?
Any updates?
What funds filled or mostly filled their classes in oncycle (if any)?
Bump
Bump. Know some MM firms going this month. Anything on UMM/MF?
Bump. Seems like the market is getting more active.
With who?
bump
bump.
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