Sumeru Equity Partners (Silver Lake spin-off)
Does anyone know much about the culture and compensation for Sumeru Equity Partners in the bay area? They spun out of Silverlake (Silverlake Sumeru was the MM fund of SL) ~6 years ago and seem to be focused on growthy buyouts in the software space.
On Fund III (~$750mm), which closed 5 years after the spin-out, so it seems like they're deploying capital pretty fast? Want to see if anyone has an idea of them as investors, and what compensation might look like for a firm like this. Would carry be offered at the associate level?
super sweaty great returns no associate carry
Do you know more about comp? Unfortunate to hear that a <$1bn fund is super sweaty. How sweaty are we talking - banking hours?
Silver Lake hours
bump also very curious about culture/comp
Surprised Sumeru's latest fund is only $750mm. Would've thought it'd be more. Ajay Shah's kid went to my school. Kind of a dick.
It's because they buy growthy buyouts that are often management teams giving up the reigns for the first time and need help building out product suites from a cluster of a few products, going international, doing M&A, etc. They take solid-so-far businesses with unrealized potential and professionalize them.
U from Hopkins?
Stanford
Agree with other posters. Sweaty and very operationally involved in portfolio companies.
Firm has recently hired juniors which may reduce work for mid-levels. Agree they're operationally involved but not as sweaty as made out to be.
Any additional information about comp / culture?
No carry at the associate level but they do give levered coinvest
They do some bullshit intern program lol
Saw this listed on Handshake online a few months back. Any more info regarding the internship?
Have u found any other info? Wondering the same
Does anyone have an idea as to what analysts are paid (out of undergrad)?
bump ^
Heard from a friend there that it was around 180-200k all in for year 1
How about associate comp?
Any tips for financial modeling at this shop or a similar one?
Not familiar with associate comp, unfortunately. In experience from convo's with friends, shops like these would be high 200s cash comp, maybe low 300s all-in (co-invest as well if you get it), but that's just a guess.
As for financial modeling, if you're investing in SaaS businesses (which a lot of these firms are), there's a whole set of ARR and retention modeling which is a different beast. It would depend on the firm, but the typical financial modeling can be pretty in-depth, even if you're focused on growth more than LBO mechanics. Still an AN1 admittedly, and don't have any experience at a more "classic" PE firm, so don't really have a lot of data points for comparison.
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