Recently signed an offer to go to Boston for PE at a MM fund this summer and was just curious, why is there so many Pe funds out there? All the other major cities have large banks except Boston - they just have PE (Chicago has a ton of banks, LA and SF). Curious how this dynamic works with juniors given moving cities is an adjustment
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It certainly is interesting as to why Boston is such a big AM/PE hub relative to its size compared to other cities. Not sure about the history, but would like to know.
EDIT: not fully related but I had asked this before actually (damn, exactly a year ago!), some interesting answers
How does it affect the associate experience is my question. Assuming most people are transplants for the gig, do they just travel out? Trying to figure out how my social life will be
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Just a result of diaspora from older funds. TA > Advent and others. Bain Cap > handful of spinouts. Summit > handful of spinouts. Etc. etc.
Then assume most of the juniors are based in Boston? Worrying about social life when I move given most of the juniors wouldn’t have been based in Boston before
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