Oncycle Rumblings
Lots of headhunters reaching out and coffee chats being scheduled. Do we think oncycle will happen soon or on a similar timeline to last year?
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Who’s reaching out and who’s giving coffee chats?
GTCR and a few others
.
Starting much earlier than last year
What day is it expected to start?
Mid October
Don’t know why I’m getting downvotes, KKR TPG TA coffee chats
Coffee chats are happening but not starting till Jan, timelines not set internally at firms
Which firms have done CC?
ICONIQ, TA, TPG, Oaktree among others, but again nothing starting till Jan
Coffee chats have been ongoing since Aug. For on cycle, HH have guided toward Jan (most likely date still) but possible kickoff late in Q4.
bump
Any update on timing?
Bump
KKR will kick soon
State your source.
Ur in consulting dude I wouldn’t worry…
I see from your comment history you think there is “little to no alpha in PE” yet you are trying to on-cycle. Interesting
Heard from well known firm it will likely not begin until earliest post holidays
firm or hh?
is this for 27 grads lmao?
Ppl just typing here to type. No hh or firm has mentioned starting until at least December. Just because coffee chats are happening doesn’t mean “on-cycle” is kicking off
UMM firm part of recruiting. We’ve been guided by our HH that it’ll start January. We’ll start doing coffee chats and stuff in November.
Of course some fund could go in October and make everyone in a frenzy but we’re firm on Q1’27
Following
Coffee chat pick up this week, will kick soon
Was told by KKR they will start in the next month or so
Second
Btw had an mf tell me today they are not doing jpm on cycle lol
Wdym jpm oncycle
Look into JPMs hr policy for on cycle hiring. Friend there who coffee chatted a megafund told me essentially that jpm analysts are barred from on cycle opportunities at that fund
Which one
Any updates as of today?
Yo jumbo pumpkin go outside grab a beer stop tweaking u not gonna be the guy who kicks off on cycle - KKR assoc
Any insights from kkr?
Two things. First, anyone who claims to know when on-cycle is kicking off doesn't know what they're talking about. Having lived this several times, the way it works is a small group of individuals at one firm decide they want to kick off, and everyone quickly follows suit. That firm varies year to year; it's been everyone from Francisco to Thoma to BX to others. Anyone pretending to be omniscient, with insight into the mind of every individual at every top PE firm and the exact moment one of them decides to start the process, is full of it. Because again, all it takes is one firm. The launch is not some big coordinated effort across firms. Coffee chats last year started in July and the process kicked off in January. In some years it's only a few weeks after coffee chats start, so no one ultimately knows.
Second, KKR is always a fast follower and does not kick off on-cycle. Look at the last 10 years: they're always the ones waiting for someone else to start, and then they quickly follow suit of others. So your sources who say KKR is going in x time frame are misinformed, speculating, or just making stuff up. Some junior person you spoke to won't be the ones driving any decision on timing for any firm and definitely not for any megafund where that decision sits way above their head.
.
Bump updates?
Bump
Anyone know which consultant friendly firms have been coffee chatting?
Have some but wondering about the big names
Anyone heard from GI Partners?
I successfully recruited on-cycle last year to MF PE. Offering mock interviews / materials / general on cycle advice for a fee. PM me for more details.
Just PM’d.
what are implications with APO email?
Bump. What is the implication of this breaking news?
Just came back from round of interviews. There were ~7 of us there, got offer. Won't say name but think brand name MF
Stop the cap
Can confirm Business School person above - BX has handed out offers
This is not true, I am 100% certain.
Stop the cap
TA went today FYI
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