Vector Capital - Updated 2024 Thoughts?
Haven’t seen a thread about this firm in a while - for reference I’m an analyst at a lower ranked BB interested in the firm. I’ve heard they have pretty good b-school placement and HF placement, but wanted to get thoughts on it from the WSO community!
Based on the most helpful WSO content, Vector Capital has been discussed in the context of being a value-oriented tech shop with a presence in the Bay Area. As of the last update in 2020, there was interest in understanding more about Vector Capital's reputation, culture, compensation, and career track. While specific details about business school placement and hedge fund placement were not directly mentioned in the context provided, it's common for firms with a strong reputation and solid track record in the industry to have good placement records for their analysts and associates in competitive next steps, including top business schools and hedge funds.
Given your interest as an analyst at a lower-ranked bulge bracket bank, focusing on Vector Capital's known strengths could be beneficial. Their involvement in value-oriented tech investments and possibly distressed situations, as inferred from the context, suggests a robust platform for developing analytical and investment skills. This experience can be very appealing to both business schools and hedge funds, which often look for candidates with a strong background in value identification and operational improvements.
To get the most updated thoughts and specific insights into business school and hedge fund placements from Vector Capital, I'd recommend engaging directly with the WSO community through the forums. Posting a question or searching for recent threads related to Vector Capital could provide you with firsthand accounts from current or former employees, which would be invaluable in your research and decision-making process.
Sources: Updated Thoughts on Evercore Tech?, Thoughts on Vector / STG Partners, Thoughts on Melvin Capital, Bracebridge Capital Thoughts?, Thoughts on Bracebridge Capital?
Completely wack. Haven't heard a single good thing about Vector. The culture is awful and extremely toxic, turnover has been off the charts. Recommend you investigate recent returns and if they're horrible. Going down fast
Del
Can you elaborate on this? Older posts seem to be more positive, wanted to check where disconnect was (without getting too specific).
Any updated views here wrt to fundraise for VI - see fund V raised in 2017 with ~15.4% returns on pitchbook.
According to Preqin, they held a second close in Dec 24 at $528m. I know Fund VI was targeting $1.6B though...
Know them from both ops side and investment side very closely. Old fashioned but invest in tech. Operating partners that I’ve had fairly close interaction with over an extended period are really not good. Investment team screws management teams regularly more so than average buyout shops. Have done cool transactions but that’s it. Turnover has been remarkably high at associate to principal level over last 24 months. Would avoid, won’t share more for sake of anonymity but have stories. From IB side my seniors who know them from past shops don’t look at them favorably including from a returns POV over last few years
Decent shop that plays in the LMM tech space
Heard the firm is going through very significant restructuring and has had high turnover / toxic.
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They closed their latest fund almost 8 years ago at $1.4bn back in early 2017, and don't think they were able to raise another fund since.
One of their job postings from ~3 years ago mentioned they were raising a new fund, but don't think it ever happened due to performance issues and senior turnover. Correctly me if I'm wrong.
Not very close to them but have heard anecdotally that a few of their investments have been written down to 0. Curious to hear more as they seem to be another Marlin Equity / Clearlake / AmSec situation that no ones is taking about.
Will they be able to raise another fund? Or have they already given up
What happened to Marlin? Read in multiple posts they are not in a good place but no one elaborates why or how.
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