Peak Rock Capital in Austin
Anyone know anything about these guys? I know they raised a couple big funds and were active early on but seems like they’ve slowed down a bit recently. Any insight on culture, comp, general rep etc. would be helpful. Thanks!
Would echo these thoughts. I've worked with PR on a few deals and pitched one - I hate to say it, but I was not fond of anyone I met there. They are ruthless and a pain in the ass to deal with on either side and think they are the smartest people on the planet.
On the buy side, we've seen them over-negotiate, attempt to re-trade and fret about non-material customers. We pitched a business with effectively zero real EBITDA, yet they pro forma'd $25 million in EBITDA which was 80% unreasonable, and then gave the mandate to an EB (no business pitching businesses that size) who pitched it at a double digit multiple.
Needless to say, the deal never got close to getting done.
I know them well. Really good group of hardworking folks that are definitely operationally intensive so you get pretty broad-based deal and portco exposure starting right away at the associate level. They also are looking at a lot of different types of trx and industries so good learning opportunities there if you're looking for a generalist shop. Would also say it's really upwardly-mobile from an overall fund and prof development perspective - fund $ has been increasing and seeing a lot of direct promotes there.
Found the Peak Rock hiring manager who specifically created an account today just to write these generic platitudes...
No one else would call the Peak Rock senior management a "good group" (look at all the other unbiased comments above)