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They’re closing a $7bn Fund 6 this year it looks like so $20bn+ raised across Europe and NA funds.

Not sure how their portfolio is doing but remember they had some assets we looked at that were bidding for some pretty high multiples and were organic growth stories.


I know they also have a pretty strong focus on buy + build but the companies they ran processes for were all organic growth. Not sure what that says given their focus on M&A now, perhaps those portcos are not as attractive to buyers lol

Overall is a top MM Tech Growth fund, would put them in the same tier as JMI, Battery, AKKR, they will often compete with bigger funds like Insight on deals as well.

Not sure about culture, only know them from processes and speaking with a few people there, seem sharp enough and have some good companies. Also they deploy a LOT which means they might have a load of stinkers in their portfolio in a year lol

 
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  • Good returns, think Europe in particular has been great
  • VERY buy-and-build focused, interviewed for a VP job there and they told me to expect to spend 70-80% of my time on add-ons
  • Pay is quite a bit lower than comparable firms (i.e. number I heard in the process above was about 60% of what I would expect from someone their size)
  • Sourcing bonuses can be very material (>$100k per platform), but they have a dedicated BD team so it's tough to find your spots and get the credit
  • Culture is very aggressive and competitive in the Boston office at least
  • Deployment pace has been insane in the last year and often at very high values. Starting to give me "Insight 2021" vibes, but possible they continue their good streak
 

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