SF Tech IB to Tech MM-UMM Buyout Funds in NY?

Hey guys, 

I know there are a couple of related threads on SF IB -> NY PE before but just wanted to post some more specific questions if anyone had the same concerns.

First-year analyst at a tech BB IB group in SF (non GS TMT / MS Menlo). I really like tech and had tech investing internship experience before, but realized being in a city I like (NY) and close to friends and family (all on the east coast) are more important to me. Looking to recruit for tech PE on the east coast.

Just curious if anyone has any insight on:

1. What are some good MM - UMM tech PE shops in NY or with NY presence? I am not expecting to get into Warburg / Silver Lake, but would love to try for places that have good track record + strong team etc. 

2. How hard is it to get looks from NY PEs as an SF analyst? Logistics is not an issue anymore because of COVID virtual environment + I'm physically in NY. I heard most of the problems people had before are with time management when on the job, but if you strip that, are we still at a significant disadvantage with BB analysts in NY? 

3. Is it possible to mention that you are interested in both growth and PE if you just want to do tech investing but want to cover your bases? Afraid headhunters may judge me for not being sure about what I want to do, but don't know if I should cover my bases given NY tech scene is a much smaller space as compared to SF obviously. 

Thank you! Any advice is greatly appreciated. Sorry if the questions are really basic. Hope everyone is staying safe out there :) 

7 Comments
 
  1. Good MM - UMM tech PE shops in NY: Not an exhaustive list by any means, but Insight, Court Square, Veritas, and Siris come to mind. Not Siris' main office though I think. Then there are bigger shops like Silver Lake and Warburg, as you mentioned.
  2. SF analysts at a disadvantage? - SF analysts have historically been at somewhat of a disadvantage because of the speed of the interview cycle (or should I say, interview scramble). However, if I had to bet, COVID and the continued rise of tech as an industry have changed that for the better. Tech experience -- especially software/SaaS modeling -- will continue to be sought after, and even firms that don't do a lot of tech deals increasingly value tech IB experience. That said, you might have luck recruiting off-cycle. You could tell headhunters you're ready to move opportunistically as openings appear. That might mean picking up and moving rather quickly, leaving your bank in the middle of a bonus cycle, etc.
  3. Ok to mention both growth and PE? - Yes I think that's fine. Saying you're interested in tech in NY is enough to narrow things down, so they don't think you're directionless. Make a list of the specific firms you're interested in and tell the HH you're interested in firms like those. Worth noting there are firms like Insight that do both growth and LBOs.  
 

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