Stellex
Any info on this fund? Strange there's literally no info online. Recently raised $1.8b second fund. Seems large enough to be on the radar
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Know little about the fund but I do know they have summer analysts/FT analyst program out of undergrad they were building up. Interviewed for it last year but they canceled the program due to covid. If any undergrads want to cold email people there looking for a position it's probably worth a shot.
do they take rising juniors for summer internship?
are first round already done, were they technical?
I'm an experienced analyst in IB, so was very very technical. Didn't make it unforunately.
Deep value / turnaround strategy - mostly industrial deals. The $1.8B raised is their second fund and they have been actively building out their team. Definitely an interesting, younger, firm that has had some early success. Founding partners came from Carlyle (CSP).
They also continue to look at certain deals alongside Carlyle, particularly in defense
Did people get confirmation email after doing CCAT?
They have an Ann Arbor office for my Ross alums
I think it’s just two of their senior ops guys
Anyone heard back from first rounds?
Bump
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Deep value group that focuses on turning around struggling businesses / getting deep into operations through their deep bench of operators. Strong returns.
Anyone heard back from first rounds?
Have not heard back, do you know how many people for how many spots by any chance?
Hi, I know this is an old post but was wondering how long it ended up taking before you guys heard back?
we will prob hear back next week at this point
Was your interview technical guys?
Anyone heard back from sd?
Why would you say that?
Anyone heard back?
Bump
One of the best, 1st year comp of $200,000+ as an associate, work 75h/week (source: my older brother)
Sounds almost too good to be true lol
I thought 200k was average for an associate in PE? are the hours that good?
200k is pretty avg lmm/mm comp and 75 hours is high for lmm pe so not great by any means. typical to underwheling honestly. rather just stay in banking and make an extra 100k w same hours
Hmmm I smell cap.
You sure about this?
Has anyone heard back for Summer 2022 yet?
Had an interview a few weeks ago, not sure where the process currently stands
superdays just ended
How would you compare an offer here to a BB? Looks like their associates come from pretty solid groups
I went through their process in recent years and I thought I would share my experience so that others might be able to prepare accordingly.
My first round was fairly straightforward, around 30/40 min conversation mostly technicals but around industrials. A very quick paper LBO, and they really asked me a lot about industrials, my interest in that vertical, how does valuation change, why does it make an attractive PE target (predictable revenue, lot of asset for collateral, decent barrier to entry given infrastructure...)
My superday consisted in 3 interviews with associates and VPs. Very insightful conversations, the bar here was definitely higher. They asked about the deals I have had in my resume in depth, asking details about the valuation, the whole process, how my firm was deciding between bids ecc. Some questions to prepare are on the rx side, I think they hire a few RX bankers, and even their interviews reflect this trend. I was asked about what makes a distressed business a good investment, how to value it, how does a DCF of a distressed company look and similar questions. Finally make sure to study in depth their portfolio, I was asked about a company I liked and one I disliked and why is that.
Won't go into detail about offer received/accepted but overall I have had a great experience interviewing with them, they all seemed very nice and passionate.
Thanks for this write-up, how would you compare an offer here to a BB IB program?
I think the two are very different offer. I’d honestly take the BB offer and go to Stellex as an associate so you still have the BB brand name on the resume that gives you more optionality
When did the interview(s) take place (month & year)? HH says they aren't usually early/on-cycle.
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