Cerberus
I have heard they've had some turnover recently. I have heard it's been due mainly to culture and subpar performance.
Few questions on this:
Are these points true? My source here is not someone who works for the firm.
If this is true, do you think culture will improve?
I know comp will be high here, but what is the average workweek look like?
Are they hiring? If so, do they hire direct or use a recruiter?
I am referencing the investment/acquisitions team, not AM.
Bump
Someone I kinda know through work was hired there as an SVP, but was a senior associate in his previous role... haven't heard anything on culture or performance but thought that was surprising.
he's on the debt team (which is a nascent effort - debt team was started in 2020, when cerberus hired the head of debt) doing asset management. that's why. no established group with a track record is going to hire another firm's senior associate and make him "SVP".
True or not…pretty shitty of you speak negatively about someone else/their position in such a manner. Dude probably makes 2x your comp and has better quality of life than you.
where did i speak negatively about him? don't know him and he could very well be a rockstar. you called it surprising, and i'm giving context as to why it's not that surprising. new groups usually need to give incentives to attract talent, and title is an incentive. nothing wrong with that practice - i wish cerberus's debt team all the success. not looking for an argument - hope you have a nice day.
We all know the same dude and he's a good guy. Lots of property level and fund level experience which is exactly the type of experience someone of that level/position should have
I'm just guessing this guy's name is one of the 4 gospel's (I don''t know him at all just did a search and it was obvious). He may be a great guy, he has about 7 years of experience....a little light for an SVP. 2-years where at a very highly regarded shop. But even though I don't know him, wish him all the luck and success in the role.
Cerberus culture notoriously bad, think about what the name Cerberus means lol
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Literally just looked it up. They have like 50-100 managing directors.
I spoke with a (now former) associate there and they said it was brutal. Didn’t get specifics on comp but it sounded like it came with a lot of sacrifices mostly due to NYC finance culture and being understaffed. I can’t imagine that culture will change anytime soon.
Strategically, they’re looking into more platform investments in niche asset classes but they look at everything so it just sounds like a lot of work.
Yeah - that's about what I've heard. Crushed NPLs during the last downturn, switched to being more of an allocator but not performing as well as they did with the NPL business. I heard through some people they had had some massive turnover there due to culture + performance. I assume because I had listened to this, that would imply more than average turnover. In a notorious shop for grinding people, it seemed odd to bring up something that comes with a rough WLB. That's why I brought up the potential culture change.
some intel above on the debt team. any intel on their equity team?
Heard bad things about the culture there
Care to elaborate?
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