Platinum Professionals
Anyone find it weird that Platinum's Principal and up levels are basically not at all from "traditional" banking / PE backgrounds? Some of them had done banking but there's a lot of TAS or DCM type work even for midlevels and seniors are apparently doing investing / not on the DCM side. It's a massive fund, so I would have thought there would be more traditional / "flashier" backgrounds.
I promise you the only people that care about “flashier” backgrounds are on this website. Either you can do the job or not
It's not really about prestige bro, it's about the fact that most of the deal execution folks aren't from traditional IB or PE at all.
It’s an operationally focused firm so not very surprising. Their team looks very dry similar to that of someone like AIP in the MM, other Gores related firms, or any other that’s out there. You directly used the term “flashier” backgrounds, so not sure what that means in this context.
Not too weird considering Platinum was a much different platform 10 - 15 years ago than today. That's around when the Principals and up joined the firm assuming they joined as an Associate and moved up the ranks. Platinum also has several layers of titles before Prinicpal, need to go through Senior Associate, VP, and SVP level before you get to Principal, usually firms either have SVP or Prinicpal but not both.
Platinum was just another middle market fund back then, only recently have they raised a massive fund and it's still mostly trying to go after mid-market deals with occasional large cap deals here and there. Now they are widely known in the space and can be selective about pedigree if they would like but it wasn't always like this.
Also some of the Prinicpals who they have on their M&A team aren't actually investors but deal support in the capacity of financial due diligence which probably speaks to your findings of TAS backgrounds. They are my client on a sell-side deal and their Principal who sits in M&A is more of an operations and financial diligence guy than an investment professional but the website makes it seem otherwise.
Awesome story, appreciate the context. I've always admired them from a distance even though so much of the discourse on this site about them is "shitco aggregator lol"
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