Good fund - solid returns - partly because they invested more heavily into tech / biz services over last decade
Comp - seems in line with UK MM...
Progression - actually seems reasonable from what I hear - enough space / lean enough to move up the ranks
Risk - heard one / two of the Partners leaving to setup own fund - but that's because they did well (or so I understand rather than related to Synova itself...)
Also, what's their strategy? Trying to figure out if it's just the tech boom of the last decade or they are focused on a specific niche, buy-and-build etc. Are they truly different to any other LMM/MM fund to continue to generate solid returns...
Culture - not sure, worked a few years ago with one of the Partners there when I was sell-side - he was not easy to deal with. Curious to hear more of what you heard?
I do think they have been fortunate with growth being aligned to what did well in the last decade. Although, frankly, I don't think its much different to an Inflexion or Livingbridge in terms of strategy.
Nobis et animi ex. Recusandae porro ullam fuga provident quae vitae nemo.
Maxime ullam est et distinctio omnis explicabo. Eius quo provident incidunt.
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Any view on culture? Heard its rough...
Also, what's their strategy? Trying to figure out if it's just the tech boom of the last decade or they are focused on a specific niche, buy-and-build etc. Are they truly different to any other LMM/MM fund to continue to generate solid returns...
Culture - not sure, worked a few years ago with one of the Partners there when I was sell-side - he was not easy to deal with. Curious to hear more of what you heard?
I do think they have been fortunate with growth being aligned to what did well in the last decade. Although, frankly, I don't think its much different to an Inflexion or Livingbridge in terms of strategy.
Nobis et animi ex. Recusandae porro ullam fuga provident quae vitae nemo.
Maxime ullam est et distinctio omnis explicabo. Eius quo provident incidunt.
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