Kingsett Capital - Culture
Interviewing with the Multifamily Mortgages group and was wondering how much the culture differs from the Investment group. Given that this group primarily focuses on CMHC lending and is still fairly new to the space, I wouldn’t imagine the hours to be quite as crazy. That said, from what I understand, WLB can be pretty rough at this shop.
I also understand that it’s five days in-office and business formal, although they somehow had Summer Fridays (not sure if that’s group-dependent?).
I’d also be curious to hear what growth and development look like. Based on what I’m seeing on LinkedIn, there seem to be a lot of tenured folks, but I’m not sure if it’s the comp that keeps people there or if there’s limited upward mobility within the company.
Based on the most helpful WSO content, here's what you need to know:
The culture at KingSett Capital, particularly within the Multifamily Mortgages group, may differ from the Investment group due to the nature of their focus on CMHC lending. Since this group is relatively new to the space, the hours might not be as intense as those in the Investment group, which is known for a more demanding work-life balance (WLB). However, WLB at KingSett overall has been noted to be challenging, so it's worth managing expectations.
Regarding office policies, the five-day in-office requirement and business formal dress code are consistent across the firm. The mention of Summer Fridays could be group-dependent, so it’s worth clarifying during your interview.
As for growth and development, the presence of many tenured professionals on LinkedIn suggests that retention could be driven by competitive compensation. However, upward mobility might be limited, which could explain the longevity of employees in their roles. It would be wise to ask about career progression and internal mobility during your discussions to get a clearer picture of opportunities within the company.
Sources: Ares Capital Management - Culture, Status, Word on the Street, King Street Capital?, https://www.wallstreetoasis.com/forum/private-equity/qa-non-target-top-bucket-ssg-private-creditdirect-lending?customgpt=1
You’re looking to work at arguably the best shop in Canada yet you’re caring about wearing a suit and in-office 5 days/week AND being comped above street?
Don’t come if you’re not a hustler.
Great shop, but their comp definitely doesn't beat market rate. In fact, I’d say it's on the lower side compared to its peers.
Having worked with them and seen a few colleagues land there, it's a solid place to build your career. That said, available seats are limited everywhere. Since most firms aren't actively promoting right now, people are staying longer their roles. This is similar to some other shops in top shops in Toronto.
The culture ranges from team to team like all shops but it's a highly regarded group. You will have to assess as you go.
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