TowerBrook NYC Insight?
Any insight on TowerBrook’s NYC office performance / culture / WLB / perks / comp?
Seems like a career track place with interesting Ascension partnership. Although last PE fundraise closed in 2018 so seems like there might be fundraising issues?
Interested for London as well
third world level nepotism there haha
Do you mind elaborating?
bump
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Rly nothing out there?
Bump for nyc
next fund closing at 5-6 bil i believe, have already raised ~3bil (w/ the addition of new strategies; not just fund 6)
Do you know about comp and/or culture?
did a summer there, so can’t speak to comp but culture seemed good. solid perks (uber blacks from office, lunch & dinner stipend etc), collegial bullpen etc
Where’d you see this?
mentioned during my summer & they’ve been consistently updating their AUM on LinkedIn lol — has gone from 18.7 to 22b
Are you saying buyout fund closing at 5-6bn or 5-6bn across all 3 strats (buyout, structured, esg)?
What does the associate interview process look like?
Bump
Their returns have been atrocious. Have seen some partner attrition.
Do you have any more info on this?
Look at their fund size.
They had a $3.5bn flagship fund in 2013, a $4.3bn flagship fund in 2018, and a $2.4bn fund in 2023.
Do some basic math on how that capital compounds over time, and you’ll see that they have negative “same store sales growth”. The same LP is allocating less and less capital to them across multiple fund vintages.
The proof is in the pudding.
Any info on Associate culture at Towerbrook??
BUMP
anyone get first round?
BUMP on Culture/WLB
heard from a friend of a friend that people can be kind but the culture can be stuffy and hours can be brutal for juniors
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Did you go through a process with them? Would you mind if PM’d you to discuss further.
Bump
Any additional information on their fundraising? Looks like they are raising their raising their sixth fund
how have returns been so far?
how are they in 2026? and how does it compare to similar north america + europe funds like Searchlight Providence and Marlin?
Providence failed to reach their target size last yr.
bump for 2026
any insight on comp?
They raised ~4bn; think they are closer to the flat lower UMM names than the rapidly shrinking ones. Not fair to put them next to the Providence, Onex, AmSec, MDP's of the world given fundraising. Even if they aren't getting full fees on their entire fund; at least they are able to convince LP's to give them some money unlike the names listed above. With all that being said, the flat (and goes without saying, the declining) UMM JAMMBO firms are not great places to join. If you want to do UMM investing, there are still probably 10+ funds who are seeing fund size growth in the 4-10bn range; so doesn't really make sense to take an offer from the flat / declining names.
Edit for just basic UMM names that all larger than previous ones in 2024 and 2025 in this rough fundraising scene: Great Hill, Arcline, Arlington Capital, PSG, Linden, Lindsay Goldberg, Haveli (all 2025), and Berkshire, TJC, L Catterton, and Nautic (all 2024; a rough fundraising year). Will also note 26North has currently raised $4.3bn already and is likely to become the largest first-time fund ever. I would very easily take these names over others in the 4-10bn range.
Another thread mentioned that for a 2 year program, you should take a more well-established name that sets you up better for business school and future opportunities
Fund size if funds in question are similar sized is mostly irrelevant for SA recruiting. No one meaningfully distinguishes a $5bn fund or a $6bn from a $4bn one in terms of prestige or exits; they all sit in the same bucket in terms of fund size and investment criteira. Big gaps matter ($15bn vs. $4bn), marginal ones won't change your opportunity set, especially when you’re recruiting for something you’ll likely exit in ~4 years, where exact fund sizes by them is likely to change (i.e. very likely the second fund of a 26N or Haveli, who have raised 4bn+ for first-time funds, is likely to far higher in ~4 years than THL whose on it's 9 at 5bn and currently on a very-long fundraise for fund 10).
If you are growing at at the 4-8bn range; you get the best of both worlds with PE in where there is serious opportunity for promotion and carry as the fund grows and you have still effective de-risked to where you have the opportunity to get into HSW and other smaller MM's. That's a very rare thing to solve for. Most large firms simply do not promote more than 1/2 people to SA or VP and the smaller funds make it very hard to find another seat given the higher competiveness for SA/VP seats. I am not solely reccomending a really small shop, but you need to find a balance between promotion odds and exit opps, as there are very few unicorns of both.
bump
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