Hello guys,
These finance masters of the world are recruiting. Any ideas of the culture, comps, and previous track record?
They told me they are real sharks, and that you get killed? What does that mean? Can’t be worse than what I’m already at (120 hours week).
Thanks!
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Doesn't do a meaningful number of buyouts, mostly growth in EM telecommunications companies like Airtel etc. Think they've done like 5 Tech buyouts in Europe in its history. US Tech Buyouts is done by the 'Strategic Investments' Group or something
It's 'worse' in pure buyout than every other large cap tech fund and is 'worse' than every other large growth fund as well vis a vis its growth investing.
However, they pay £300,000 all in comp for A1. Hours are extremely bad however
Not London specific but for WP tech as a whole, they are most definitely not “worse” just employ a fundamentally different strategy and approach. The firm’s broad focus is on growth and growth buyout investments, despite their fund size. They’ll occasionally do large cap buyouts (bid on Coupa) but the tech team specifically leans towards growth equity. Have had great performance in their investments so very inaccurate to classify as “worse” than other investors.
Yes, definitely very good. Wrote in a flash, should definitely have been more nuanced in my answer.
Definitely not unreasonable to question performance, though - performance has been meaningfully worse than their technology peer set within both buyout and growth in the last couple of funds (both Europe and US).
Can I pm you regarding WP LDN?
A1 as in analyst 1 or associate 1? I am a dumb intern :(
How bad hours are we talking about here?
Who’s their HH?
Darmouth…
Know some people who went there from MS and hated it so much that they quit within 2 years. Hours are BRUTAL. This info is not specific for the tech team.
What do you mean by brutal? More than +120?
120 as an Associate takes more of a toll than 120 as an Analyst. I know you'll be incredulous, but for the purposes of decision making, you should consider that my admonition might have the merit of wisdom behind it. You don't have to believe me, but at least consider this word of caution when going down this path. This advice is given with the spirit of telling someone what I wish I would have known when I was in your position and having seen the same be true of a significant number of my peers. The stress of being an Associate on the buyside is much more visceral than that of being an Analyst, where your stressors may seem real, but there is a greater managerial buffer on your actions that is a stress dampener whether or not you realize it at the time.
Can anyone shed some light on the corporate finance test ?
bump for this corporate finance test
So let me get this straight by just summarizing:
- Brutal hours
- Low dealflow
- Performance that are worse than a pure growth equity shop and traditional tech lbo shop
- Great pay
Would be curious to know what these guys do for 100hrs a week if low dealflow and long hours...
Face time culture and running after every possible opportunity there is
-Brutal hours
-Good dealflow (the Tech team deploys a decent amount in Europe)
-Performance is decent objectively, destroys a lot of growth equity shops (most are deep underwater esp. in Europe and WP is fine). Slight discount to top tier traditional tech lbo shop that is correct
-Top of the street comp
Anyone has any insights on the cap solutions team in London?
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