Thoughts on Battery Ventures Buyout?

Battery has been in the PE space for years, they just tend to fly below the radar relative to the splashier / sexier deals the venture team is doing. They deploy out of the same fund as the venture deals and in terms of capital deployed it's split roughly 50/50 between strategies, although VC is obviously a higher volume of deals.

I don't get the impression they're doing anything especially novel, but a lot of their platforms have done really well (ClubEssential just recapped by Silver Lake, for example)... and the VC arm is solid enough that I assume they would have gotten pressure from LPs to skew toward that direction if the PE deals were the laggards of the portfolio. 

Also curious

Following

Really solid team, nothing too flashy but consistent as can be which is what you want in PE. Solid MM firm. I don't know anything about the consumer team but infrastructure and application software folks are solid, industrial tech team I think is the longest running group. They had another firm called Union Park that budded off and focuses on LMM industrial tech (a lot of specialized hardware, sensors, etc.).

Any insight on comp? Would think they pay below street.

Have worked with them extensively and have friends there. Excellent firm with consistently strong deals and exits that aren’t widely reported. Sourcing culture is front and center but fair. Private equity there work hard but not as bad as large funds. It’s really a great place.

Love Battery, good people, solid dealflow, see a lot, pursue at times hairy-er deals because they like working in specific niches they know and +/- operationalizing business but they make MONEY doing it... now you don't go there for comp as a junior I'll tell you that but the carry pays off (when you get it)