Welsh Carson Anderson & Stowe Info?
Does anyone have any recent information on WCAS? The forum doesn't have much on the firm. Any insights into the culture, comp, promote vs. B-school, strategy, etc. would be helpful.
Does anyone have any recent information on WCAS? The forum doesn't have much on the firm. Any insights into the culture, comp, promote vs. B-school, strategy, etc. would be helpful.
| +43 | Lateraling at senior associate / VP level | 15 | 21h |
| +28 | Imposter Syndrome: PE to Publics | 4 | 4d |
| +26 | Ares buying LGP...now what? | 8 | 3d |
| +20 | Dumb guys in LMM PE making more than IB? | 11 | 1h |
| +19 | Do PE VPs Always Have An Associate Under Them? | 12 | 2d |
| +18 | GTCR vs BDT MSD vs MDP | 16 | 2d |
| +17 | Hours at MF Infra Funds in London | 2 | 1d |
| +14 | Committing to CD&R? | 9 | 4h |
| +14 | Setting the right LBO entry multiple without information | 3 | 6d |
| MBA to EM Infra Investing? | 3 | 4d |
Career Resources
Good culture and hours for UMM
Arguably the largest pure-play healthcare PE firm (could argue it is New Mountain or Veritas instead but all these firms, including WCAS do non-healthcare investing today).
Really really old firm, founded 1979. They raised their 13th fund at $4.3bn recently. That is older than most megafunds. This is a good thing in the sense that they have lived through many market scenarios.
If you like healthcare, this is the place to be. Really well known in healthcare e.g. see joint venture with Humana: https://www.globallegalchronicle.com/welsh-carson-anderson-stowes-joint… Bought Shields with Walgreens: https://www.businesswire.com/news/home/20190731005125/en/Shields-Health…
From 2000-2015, kept oscillating between smaller and larger funds in the $3-4bn band - so returns may not have been consistent. But has clearly made a come back with largest fund ever recently.
Great shop! Smart!!
Anyone know which headhunter covers them?
Think it was CPI back in the day.
I caddied for one of their partners back in high school. Guy was nuts, asked me if was getting any pussy when I was 14 years old lmao
Their president / chairman (cant remember what his title is) is an absolute trash of a human being known for being caught saying sexist/homophobic/racist things. Paul Queally is the guy’s name. Idk if I’d want to work for that type of person in this day and age
Yea that was him LMAO - I remember he got into a bunch of hot water for that stuff several years back. He was hilarious but had no filter. Good tipper too.
Hahah that’s crazy man. Rumor is that he had to donate over ten million dollars to his alma mater to get one of his sons back on campus after the kid got expelled three times
bump
Any one got any idea on comp?
Ex-employee. Culture is very uptight. Hours are as bad as other mega shops, sometimes worse. Pay relatively to others similar size fund, definitely below average. Very vague bonus structure (associates sometimes tiered into 3/4 buckets). Partners don't really talk to anyone P/VP level below . Very cold culture with a lack of care and training for juniors. A LOT of turnover last few years. Would not recommend for juniors who are looking for a good experience.
yikes... thanks for the candor
Know a kid in my group who just signed there, RIP
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The female principal?
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