Why is SGE special?
Does anyone know what the culture is like at SGE? I know it is a more low-key firm but curious as to what it's selling point is or cool things it offers. What do they look for in candidates?
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Who said it was anything special?
what is comp like? and interested in the same stuff as OP - dumb title tho
SIG is more seen for its trading/quant than fundamental/growth equity. If you really want growth equity/VC then look towards GA/Summit/BXGE/KKR Growth.
what are exit ops like
Do you work in the industry? Susquehanna is a very fine growth equity shop with a strong reputation, often right there at the table with the folks you mentioned. They’ve made a number of investments in >$1B companies (Credit Karma, iCIMS, Payoneer, Workfront), have MDs out of top shops like Insight and GA, and a unique approach / strategy as a permanent capital vehicle.
Agreed here. I work in growth and the top comment is quite ignorant - SGE has an extremely strong reputation in industry. Very well respected team
SGE is permanent capital- could hold investments forever if they wanted to.
I had offers from a few growth places including SGE when I was recruiting for analyst positions. I ended up going to a larger firm (though no one really knows how big SGE is..my guess would be $2-3B but it is not public info). I actually regret my decision, which is why I'm going to comment on this post.
I work for a firm that invests heavily in SaaS, so we're extremely familiar with SGE and often compete with them on deals. I'd say the upper level management at my firm respects SGE just as much (if not more) than other MM-UMM-MF tech growth firms. They're known as rational, patient investors and develop nearly all of their junior talent from within. From what I've heard, they have quite a bit of intellectual firepower at the junior levels, and my MD has said that he would bet they have one of the highest IRR's in growth equity over the last 5 years.
They certainly don't do the sexiest deals (one of the reasons I didn't take my offer), but take a look at some of their larger exits and you'll see that these guys know how to make money, and make a lot of it. Also something cool is that they hire "business development analysts" who source full time, which means their investment analysts do the work I'll likely only be doing as an associate, from day one.
I know a couple of their guys; they tend to recruit heavily from the M&T program at Wharton, but have been expanding outside of Wharton/Princeton recently. Very nice people during the interview process, not very "flashy." Definitely seemed to have a culture that was pretty different from where I work now.
My guess for comp is ~130-150K all in for an analyst with that number ramping up pretty fast as you climb up. In other works, at market for most good funds.
I'm making a bit more than that and I'm not someone who would not have thrived in Philly, and I generally enjoy sourcing, so no major regrets here, but those are my thoughts on the firm. I hope it helps if you have an interview upcoming.
this answer will probably help you the most (props) but I'd generally tend to agree. work for a "competitor" and know that most of the older guys at my firm speak very highly of SGE. I interviewed there and didn't get an offer but seemed like a very pleasant group of people.
looking at their portfolio, I don't even wanna know how much they made with credit karma and how much they stand to make with icims. definitely would tend to agree that they're probably in the top decile in terms of returns.
My ex worked at SIG as a trader and I know their AUM is something like $400bn, so I'm assuming their SGE is more like low teens billions? Maybe I'm wrong.
From what I know their investment team is like 30 people..doubt they have that much AUM but recently they have been writing much bigger $100M checks so who knows.
Do they use a head hunter?
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