Parthenon Capital FT 2026
Would love to hear thoughts on the Analyst program, upward mobility, and culture.
Also, would greatly appreciate any insights into the LBO case study round. Is it your common IB/PE paper LBO or more of a consulting case?
Bump
BTW: I’ve interviewed with the firm and have a few friends who work there, so that’s where this info comes from. Feel free to correct me if I’m wrong or missing anything.
Fund Performance: They’ve had top-quartile returns and have been recognized for some of the best performance in the space—especially with their most recent vintage. That success helped them raise a ~$4.5B oversubscribed fund. They seem like a rising star.
Mobility: The analyst program is designed to promote internally to associate. You don’t need an MBA to move up, which is a big plus. Obviously, you still need to perform, but the path is there to build a real career.
Strategy: They take a focused, growth-oriented approach—really go deep in specific sectors and build true expertise. That’s a key differentiator, especially since a lot of firms now are more generalist and will look at anything.
Culture: Seems like a good culture. Everyone I’ve talked to has been sharp, driven, and kind. Hours seem pretty standard for PE.
Analyst Program: From what I’ve heard, most of the work is on new deals and portco initiatives—very little sourcing. Analysts seem to come in with strong backgrounds.
Exit Ops: From a quick LinkedIn search, people have exited to other strong MM, UMM, and MF roles. So exits seem solid.
Comp: I’ve heard total comp is in line with what you’d expect at a BB IB analyst role.
Interview Process: From what I’ve heard, the process is fairly competitive. It typically includes a few case studies, an LBO modeling test, behaviorals, and accounting/valuation technicals. I’d definitely prep for all of that. Not totally sure how the process is structured, but that’s what friends have told me.
Overall: If you know you want to do PE and are looking for a firm with real upward mobility, strong fund performance, and an actual investing strategy (not just financial engineering or roll-ups), this could be a great fit. If you’re still unsure about PE, then IB might give you more flexibility.
Curios to see others thoughts.
The goal of their associate hiring is more so to promote to senior associate and then to VP for top performers not have the associates exit, rest is correct.
has the process started?
Yes, 1st round was a few weeks ago and 2nd rounds are ongoing.
How do you know this? I’m at Harvard and have not heard anything back yet.
bump
Bump
Went through interviews two summers ago, had about 12 interviews with 3/4 being extended paper LBO / Case study like. Think of them as paper lbo first and then if you do a good job with that, then it becomes a case after that is more consulting style, but weaving in elements / references to your paper lbo
How's the first round interview
Curious how others felt about the second round after going through it — would be great to hear thoughts.
How do you know first round started?
They are probably doing them in batches
Any Superdays out yet?
Also wondering about this
Bump
Bump
I talked to a vp at this firm a few years back and did not like her
Any updates?
.
Are superdays final round? Kinda surprised there was only one technical round
But no - haven't heard anything on my end
In dolores officia ducimus ut necessitatibus et voluptate consequuntur. Nulla ex eum illum nam itaque quos. Officiis molestias in vero temporibus eius.
Repellendus aut molestiae rerum omnis. Nostrum sit fuga autem aut. Enim cum aut occaecati modi ab magnam officiis explicabo.
Impedit ipsa velit voluptatibus id sit aspernatur. Et et quaerat voluptate sunt. Ut est et sed minus in distinctio assumenda. Eum rerum sit sit dolores a ut. Non ratione explicabo aut vero cumque repudiandae natus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Commodi hic doloremque quasi aperiam fuga eum. Officiis molestiae cumque voluptatem illo. Qui tempore temporibus autem tempora. Animi iste sit facere id blanditiis quibusdam.