One Rock Capital Partners is described as a firm on the rise, known for its operational focus in value creation and its ability to punch above its weight. For example, they successfully executed the Nestle Waters North America carve-out. The firm has been doubling its target fund size with each raise and consistently hitting hard caps, signaling strong growth and investor confidence.
Their strategy involves acquiring complex, often underperforming businesses at lower valuations and improving them operationally. This approach is sometimes referred to as "sweaty" due to the challenging nature of the deals. Despite this, the culture at One Rock is reportedly positive, with a respectful and non-toxic work environment, which is rare for firms employing such strategies.
Additionally, their first-time fund of $400 million was considered significant, and they have offices in New York and Los Angeles.
A good friend from my banking analyst class is there. Good firm trajectory/growth, great comp. Interesting deal work, and juniors get a ton of responsibility. That said, it is still operationally-driven value investing: the strategy is inherently intense. You kiss a lot of frogs trying to find a diamond in the rough, which is not for everyone.
Yes, they’re in 5 days. For context, I’m at a slightly larger (non-value) buyout shop and my hours are “better” but marginally so. A live deal is a live deal, and they look at a ton of stuff.
I just don't understand why you would work at a fund like this unless you're a masochist who likes to Stockholm Syndrome yourself into thinking that 5 days a week in the office with a suit+tie is the recipe for a success. The firm barely survived their last fundraise. The amount in their press release is a combination of their flagship + small cap + co-invest, so they didn't even hit their target.
Their strategy worked when Tony first formed the fund and has been steadily declining ever since. They've leaned into the DEI angle, the Middle East angle (which as we've all seen, won't last forever, or at least will have several of their large SWF commitments reconsidered in the next go-around) and competes in auctions as every fund does over the $2bn mark. There's better places to establish and scale your career. Plenty of better shops looking for good talent. Don't make your life more difficult than it is. Seriously.
How do you know their latest fund includes co-invest in the amount raised?
And yes seems like there's a lot churn at the Associate/Sr. Associate level over the years (as with a lot of PE firms) but looks like most of their VPs and Principals joined as juniors and stayed?
lol a decent amount of PE firms in NYC are back to 5 days in office. Just FYI. I feel like there’s misconception that that it’s only psycho notorious WSO firms that do it. But that’s not true anymore.
Some accurate and some less accurate info on this thread. I’d recommend reaching out to former juniors for the real scoop.
Very sold place to learn as a junior as deal teams are not hierarchical (read - lots of responsibility, but not always most competent or engaged mid-senior level folks. Comp is very high and people are generally nice.
Biggest downsides are obsessive levels of portco work and mediocre fund performance.
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One Rock Capital Partners is described as a firm on the rise, known for its operational focus in value creation and its ability to punch above its weight. For example, they successfully executed the Nestle Waters North America carve-out. The firm has been doubling its target fund size with each raise and consistently hitting hard caps, signaling strong growth and investor confidence.
Their strategy involves acquiring complex, often underperforming businesses at lower valuations and improving them operationally. This approach is sometimes referred to as "sweaty" due to the challenging nature of the deals. Despite this, the culture at One Rock is reportedly positive, with a respectful and non-toxic work environment, which is rare for firms employing such strategies.
Additionally, their first-time fund of $400 million was considered significant, and they have offices in New York and Los Angeles.
Sources: One Rock Capital - Thoughts?
bump also curious (not OP)
Bump
A good friend from my banking analyst class is there. Good firm trajectory/growth, great comp. Interesting deal work, and juniors get a ton of responsibility. That said, it is still operationally-driven value investing: the strategy is inherently intense. You kiss a lot of frogs trying to find a diamond in the rough, which is not for everyone.
Helpful thanks for sharing. Any idea on WLB / how many hours your friend is doing? Heard it's 5 days in office
*** ignore title
Have literally heard the worst horror stories ever from working there. Incredibly grindy and the founder will work you to the bone.
Yes, they’re in 5 days. For context, I’m at a slightly larger (non-value) buyout shop and my hours are “better” but marginally so. A live deal is a live deal, and they look at a ton of stuff.
what does comp look like? 350k aso1 or higher?
Hi, is it possible to move upstream to a UMM or MF after this gig at One Rock
Extremely sweaty. Apollo lifestyle without the Apollo comp
can I pm?
are they doing well? seems like they didn't raise enough to reach their target last round
isnt it suite and tie in office 5 days a week?
and the founder controls every decision
im sure comp is fine but not somewhere id want to work personally
I just don't understand why you would work at a fund like this unless you're a masochist who likes to Stockholm Syndrome yourself into thinking that 5 days a week in the office with a suit+tie is the recipe for a success. The firm barely survived their last fundraise. The amount in their press release is a combination of their flagship + small cap + co-invest, so they didn't even hit their target.
Their strategy worked when Tony first formed the fund and has been steadily declining ever since. They've leaned into the DEI angle, the Middle East angle (which as we've all seen, won't last forever, or at least will have several of their large SWF commitments reconsidered in the next go-around) and competes in auctions as every fund does over the $2bn mark. There's better places to establish and scale your career. Plenty of better shops looking for good talent. Don't make your life more difficult than it is. Seriously.
How do you know their latest fund includes co-invest in the amount raised?
And yes seems like there's a lot churn at the Associate/Sr. Associate level over the years (as with a lot of PE firms) but looks like most of their VPs and Principals joined as juniors and stayed?
lol a decent amount of PE firms in NYC are back to 5 days in office. Just FYI. I feel like there’s misconception that that it’s only psycho notorious WSO firms that do it. But that’s not true anymore.
Suit and especially tie I agree though
Some accurate and some less accurate info on this thread. I’d recommend reaching out to former juniors for the real scoop.
Very sold place to learn as a junior as deal teams are not hierarchical (read - lots of responsibility, but not always most competent or engaged mid-senior level folks. Comp is very high and people are generally nice.
Biggest downsides are obsessive levels of portco work and mediocre fund performance.
bump on this want to know what interview process is like
do you have an interview?
what is the process like for interviews and did r1's go out alr
Has anyone gotten a first round yet?
anyone heard back for r2? also what is the timeline for this/when is SD? any color?
dm me
hey did u hear back?
yes have r2 coming up but not sure what's after that
del
When did you hear back
did you get r2?
Temporibus voluptatem recusandae sunt quidem sed cumque ut. Alias fugit quia dolor corporis et non occaecati maiores. Et et ut fugiat omnis dolorum atque.
Totam ullam placeat quaerat molestiae quo rerum magni. Eveniet qui sapiente et possimus. Explicabo error alias quas consectetur molestiae.
Architecto autem eligendi repellat quia quis molestiae nobis. Eaque aut voluptas corrupti ea nemo. Consectetur est et illum soluta nihil magnam nemo illo.
Omnis vero nulla veritatis earum est deleniti recusandae distinctio. Quia ad et error aut vel quidem.
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