Josh effectively was the IC at Apollo for PE until the shakeout. Or at least 90% of the challenge of getting through IC was running the Josh gauntlet. So not surprising he’s on IC of his own firm..
My understanding is that Josh Harris is a neurotic billionaire (words of a colleague that has dealt w/ him) but if you're career-optimizing you would be insane not to take it
Just to add as well, they've already held a first closing back in April and are more than halfway to the target. Patient Square was the largest FTF to date at $3.9bn so it's looking possible that these guys can surpass them.
That said, as others have flagged, culture would be terrible at best and you'd definitely be taking a gamble in working at a first-time fund. Doesn't matter the pedigree/team/potential, there's a reason why so many LPs don't even bother looking at a firm until it's on its Fund III. Too much shit can go wrong in the early years. In this case, besides Josh, you've got some very senior folks from some very notorously bad cultured firms. Dive in at your own risk.
“Josh Harris once requested a deal team meeting, in person (for no reason in particular other than he would be in), on Thanksgiving morning with notice going out late the night before.”
Sed consequatur qui sed aut ipsum. Quisquam deserunt exercitationem hic iure provident aliquid. Harum minima eos assumenda vel cupiditate voluptas. Nesciunt iusto laboriosam minima dolorem. At dolorem quasi sit aspernatur ipsam magnam. Aliquid molestiae et quis in magnam. Quam omnis pariatur sunt qui rem numquam dolorem praesentium.
Consequatur veritatis reprehenderit tempora. Sunt eveniet molestias est amet est. Vel alias voluptatibus numquam aut suscipit voluptas. Ut error dolores eos laboriosam. Architecto incidunt ipsam et. Eveniet facere neque aut quia placeat tenetur est.
Sit ea alias odio ipsum. Omnis necessitatibus consequatur veniam consequatur pariatur ex cupiditate. Libero voluptas explicabo nihil doloribus ad rerum. Accusantium molestiae provident neque quisquam dolor.
Esse aliquid aut voluptas iure perferendis. Molestiae tempora vel voluptatem vitae. Et soluta ut fugiat unde ut illo. Est quasi cum dignissimos voluptatibus facere amet.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
Sorry, you need to login or sign up in order to vote. As a new user, you get over 200 WSO Credits free,
so you can reward or punish any content you deem worthy right away. See you on the other side!
Just an FYI ~80% of the capital is Josh’s / he moved his entire family office under the 26N umbrella.
I interviewed there. Didn’t get an offer.
Josh effectively was the IC at Apollo for PE until the shakeout. Or at least 90% of the challenge of getting through IC was running the Josh gauntlet. So not surprising he’s on IC of his own firm..
would you say this means the learning experience at apollo isn’t as good as it once was?
My understanding is that Josh Harris is a neurotic billionaire (words of a colleague that has dealt w/ him) but if you're career-optimizing you would be insane not to take it
curious updated thoughts
Update: still bad and still haven’t raised a fund
Just to add as well, they've already held a first closing back in April and are more than halfway to the target. Patient Square was the largest FTF to date at $3.9bn so it's looking possible that these guys can surpass them.
That said, as others have flagged, culture would be terrible at best and you'd definitely be taking a gamble in working at a first-time fund. Doesn't matter the pedigree/team/potential, there's a reason why so many LPs don't even bother looking at a firm until it's on its Fund III. Too much shit can go wrong in the early years. In this case, besides Josh, you've got some very senior folks from some very notorously bad cultured firms. Dive in at your own risk.
There’s plenty of stories about Harris on the forum and other parts online. I’d avoid the firm due to these, but I’m not money / prestige focused. My favourite storey would be from this post. https://www.wallstreetoasis.com/forum/private-equity/ex-apollo-associat…
“Josh Harris once requested a deal team meeting, in person (for no reason in particular other than he would be in), on Thanksgiving morning with notice going out late the night before.”
according to Josh he was working with his rabbi on his issues. LOL
Sed consequatur qui sed aut ipsum. Quisquam deserunt exercitationem hic iure provident aliquid. Harum minima eos assumenda vel cupiditate voluptas. Nesciunt iusto laboriosam minima dolorem. At dolorem quasi sit aspernatur ipsam magnam. Aliquid molestiae et quis in magnam. Quam omnis pariatur sunt qui rem numquam dolorem praesentium.
Consequatur veritatis reprehenderit tempora. Sunt eveniet molestias est amet est. Vel alias voluptatibus numquam aut suscipit voluptas. Ut error dolores eos laboriosam. Architecto incidunt ipsam et. Eveniet facere neque aut quia placeat tenetur est.
Sit ea alias odio ipsum. Omnis necessitatibus consequatur veniam consequatur pariatur ex cupiditate. Libero voluptas explicabo nihil doloribus ad rerum. Accusantium molestiae provident neque quisquam dolor.
Esse aliquid aut voluptas iure perferendis. Molestiae tempora vel voluptatem vitae. Et soluta ut fugiat unde ut illo. Est quasi cum dignissimos voluptatibus facere amet.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...