PE funds with best cultures?

The opposite of some of the other threads I've seen floating around on this thread, what are some firms with notably good cultures? I keep hearing that Berkshire has a great culture for example, but what does that mean on a day-to-day basis and who else comes to mind? 

 

When I think of good culture, I think of the following:

  • Honest, friendly, normal people that you'd enjoy hanging out with outside of work
  • Seniors and mid-levels who are invested in your professional development 
  • Transparency and good communication (and an openness to new ideas and perspectives)
  • Meritocratic structure (lack of internal politics)
  • Nice employee perks (e.g., good compensation, firm resources) can help boost morale so they do have an impact on culture
 

If you're using that as a guide then I have yet to come across any PE firms that great places to work. If you're looking for a work life balance with people who support your development, look to the VC scene. 

 

With maybe the exception of lack of office politics, I’d say that Bain Cap hits pretty much all of these criteria

 

I love how these types of threads are always so much more barren than the threads asking which PE groups / IBs suck the most and/or have the worst culture. What does this say about the field we exist within lmao

 
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ever heard the quote "you can get a lot further with a smile than you can with a gun?" i don't understand why you hardos feel the need to act this way, shows serious lack of EQ 

 

I used to be hell bent on finding good culture. I even wrote one of the most widely-commented on threads many years ago looking for best cultures regardless of pay, location, etc. Then I got to a hellish sweatshop and am extraordinarily jaded. No hardo attitude here, just resigned to the fact that I probably won't find good friends and camaraderie here, just professionally polite working relationships at best, and toxic relationships at worst. In short, I grew up.

 

I used to have a job in a banks strategy group for a short while and it was the best place I've been at. Everyone was nice, it was a genuinely good place to work. Now 12 years on all I want is my carry to pay out and then I'll be happy...I think

 

Unironically, Apollo. If you are the kind of person who actually likes the work and thrives on intensity, then this is the closest thing to a financial playground ever conceived by man (in terms of the sheer breadth of the things you can run at). Most of the people are fairly accomplished both professionally and personally, and are people I actually like being around. There are bad apples, sure, but they are avoidable once you establish yourself. The firm recently implemented a few permanent policies which I really enjoy: 4 days in the office (WFH every Friday), work from anywhere for the whole month of August, and the investment team gets the last two weeks of August and December off (barring live deals, but these are generally pretty slow periods anyways) - and this is in addition to standard issue vacation days (which I have usually been able to take). The tradeoff is that when you are working it is expected to be pretty intense, but again, people feel differently about that. A lot of people don't fit that mold and figure it out pretty fast, hence the junior turnover. Advisors for some reason bend over backwards to do work for us, which I guess sucks if you are on the other end, but works out great for us.

 

Do these policies apply to other businesses as well (ex: credit), or just buyout?

 

Curious on PG. Can you elaborate on the culture in the Denver office more, specifically healthcare and tech buyout groups if you have any insights?

 

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