UBS Actual Recent Exits In the US For PE With Data
Here are some current PE firms with associates from UBS in corporate PE/GE roles. This is all from just LinkedIn scraping that was done in a fairly short period, so apologies if I missed any firms. Would like to note that it seems like a lot of UBS analysts don't leave for PE. Regardless, here are some names that I could find US exits directly from UBS analyst stints (i.e., lateraling to a different bank than exiting). Not a comprehensive list, just names of firms (some firms have multiple people as well):
Advent (Sponsors)
Vista (M&A)
KPS (2 GIG)
Veritas (group not on profile)
CD&R (FIG)
MDP (M&A)
Hg (TMT)
AKKR (group not on profile)
TJC (GIG)
Arsenal (M&A)
Arcline (GIG)
HGGC (TMT)
Bregal Sagemount (TMT)
Great Hill Partners (group not on profile)
It seems that GIG and TMT were historically among the strongest groups at UBS in terms of private equity exits. However, given recent changes, such as the departure of several senior bankers from TMT to firms like SVP and Moelis, and a broader decline in tech deal flow, TMT appears to have lost some momentum. Meanwhile, GIG has continued to gain market share, especially post-merger, and appears to be producing increasingly strong exits. Based on that trajectory, it seems that GIG will be the best group for exits going forward.
The relative lack of exits from LevFin and Sponsors makes sense. From my searching, these teams have notable representation among MF PC roles, but don’t seem to be direct pipelines to PE roles. It’s also worth noting that UBS split these two groups in recent years, which may affect how their exit outcomes are tracked.
Again, not comprehensive, but given how much discussion has been going on regarding UBS exits thought it'd be helpful to provide at least some clarity as to exits. It seems like the discussion on UBS on this forum about exits is wrong; GIG is the best group for PE exits, followed by M&A, assuming the TMT exits of the future reflect the vast decline in the platform.
Who is this even in response to? UBS has good exits relative to current league table standings because of its historic reputation and because headhunters don't update their top firms list. Jef is a stronger bank than UBS right now, and whether or not Jef has worse exits or not doesn't matter in ranking the two firms as an IB platform.
Based on the most helpful WSO content, here are some Private Equity (PE) and Growth Equity (GE) firms where UBS analysts in the US have recently exited to:
This list is not exhaustive but provides a snapshot of notable exits from UBS analysts into corporate PE/GE roles. It also highlights that many UBS analysts may choose not to pursue PE exits, which aligns with broader discussions on WSO.
Sources: UBS PE Exits?, Exit opps: I've crunched the previous work experience of 390 PE Associates.., Greenhill in 2019, Breakdown of Post-IB Exit Opportunities, STOP obsessing about windows to jump thru for PE!!!
Bump. Any idea of other exits and/or exits for current analyst classes?
What did you find most ex-UBS analysts ended up doing?
For the NYC at least (didn't check for London): It's like 40/40/20 staying in banking vs. some kind of buy-side role (PE, PC, HF; HF people way higher than I anticipated tbh) vs some kind of other job (ranges from corporate work to some dude from tech leaving to go work in real estate). Will say some groups have more people leaving than others. HC and CR seemingly have nobody leave, but TMT (albeit less for those who left last year; even amongst those who left, it seems weaker than the past), Industrials, and LevFin/Sponsors have had significantly more, whilst M&A has all analysts leave. Not sure if that's simply because of group culture, opportunities available (seems pretty clear GIG and formerly TMT have the best traditional PE opportunities given M&A has way more people going to no-name MM/LMM names for example), or the specific type of people the groups attract.
It's difficult to say for certain which groups are best for exits right now. Most of these exits are from UBS analysts who started in 2022 and exited in 2024, which means they started pre-merger. Post-merger changes a lot of things, but would say given what we know for deal flow, Sponsors, GIG, LevFin, and maybe M&A are good spots to be in. Would like to know what others think
TMT exit to HIG wow
Pretty clear the best groups for exits at UBS are Industrials/LevFin (UMM PE/UMM/MF PC respectively), followed by Tech NY (MM/UMM PE), then HC and (solid MM shops)/FIG (only 1 exit, but to UMM PE), based on the 2025 LinkedIn data. I am unsure of sponsors, given the lack of volume of exits, but the group is fairly small and seemingly has great WLB, so it could just be self-selection. As for other groups, it clearly seems like there is a huge gap in exit quality, especially M&A, which only had LMM exits.
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