Evercore RECA SA interview process

They’re placement agents and most banks have these groups typically known as Private Funds Group / Private Capital Advisory. CS, UBS, Jefferies, Moelis, Greenhill (entire team poached by EVR), Lazard, etc all have these groups. They’re housed within IB and pay IB base with slightly lower bonus (in line w capital markets). Groups are broken down by project management and distribution. Project Management side obtains mandates from PE firms to go out and raise equity for their fund based on strategy, so if Blackstone is looking to raise a $1bn fund to buy RE in emerging markets, they’ll hire EVR to go and put marketing materials together, run the road show, and collect commitments. The distribution team is the investor / LP facing role that is actually making the introductions and identifying investors. It’s not technical at all - it’s purely qualitative and sales based. Exits are typically to boutique placement agent firms or investor relations. It’s a good gig but virtually no exit opportunities as you’re basically just in sales and making pitchbooks all day.