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.
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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.
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