Work From Home PE Firms
Are there any major private equity firms that support their professionals working from home (particularly after you spend a few years at HQ as an associate / sr. associate).
There are certainly a handful of us on this forum, that would be inclined to live in a Tier 3/4 city (i.e. their hometown) due to familial / SO reasons. Are there any PE firms that would support senior associates and above (after you have spent three/four years at HQ) splitting time or working remotely and traveling.
Why after several years at an HQ? If anything firms these days should be pretty open to fully remote (minus the occasional meeting/travel and what not). I don't know what the landscape is but if this isn't the case I've lost even more of the little respect I had left for this industry...
You'd be surprised - the boomers running most of these firms are hell bent on getting people back in the office. A lot of them attribute the high amount of turnover to WFH / not being a part of the the "culture" vs. actually taking a hard look as to why people are leaving.
A lot of these types don't fundamentally trust their staff. Unless they can see them working, they're constantly questioning if they are really working to the same extent. I've noticed no real change to productivity across VP / Associate / Analysts etc since Covid hit and we've started WFH, yet senior management's view has often been we're not as productive / less is getting done etc. This is in an UMM which is known for a better culture vs. competitors. It doesn't help that a small minority have been taking advantage of WFH which ruins trust with senior management, and by extension ruins it for all.
Have a friend at Permira that gets Monday / Friday / weekends WFH. Apparently the entire US investment team got a 3 week break from mid December to Jan.
Damn was under the impression Permira was a 2 year trip to no sleep land
How is Bain Capital PE re: work from home?
Also interested.
3x Office
SB'd. Is this true for the Credit, Venture, and Tech Opps teams as well?
People on WSO have said Vista is 3 days in office and 2 WFH
Onex: 5x a week in office
Apax: 5x a week in office
Veritas: 5x a week in office
THL: 3x a week in office (2x WFH)
TA: Know a couple of guys who go in 5x a week but don't think it's required (at least every day)
Permira: 3x a week in office (2x WFH)
Vista: 3x a week in office (2x WFH)
Any word on Blackstone?
BX and KKR both 5x week in office
Anyone know about the Chicago shops? GTCR / BDT / MDP?
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