Trending Content - Investment Banking Forum
Career Resources
WSO Free Modeling Series - Now Open Through
August 31, 2026
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
High Finance Applications
Guaranteed
Get at least one offer GUARANTEED
- 1:1 support
- 92% success rate
- 2,000+ mentor network
- Unlimited Live bootcamps
- AI for resume + LinkedIn
- Networking automation tools
- HireVue simulation tool
- Full course library
- Private Slack community
- 20hrs of mocks
- + much more...
diameter and lindsay goldberg are 2 that i know off the top of my head
following
know they had one exit to oaktree ss
2 Carlyle, 1 Oaktree, and 1 Brookfield recently.
were the carlyle and oaktree to PE?
One of the Carlyle one is Credit, not sure the other.
The Oaktree is Special Sits.
Less recent but still potentially a maybe recent (like 5 years ago) but I think an analyst there (who I assumed did RX) went to Avenue after PWP. Hopefully this helps even a small bit
Solid
How large is the class?
M&A is about 15-20 from what I’ve heard from friends, so I’d guess Rx is 5-10 if it is a separate process. Just an opinion, no idea.
Intern class is 20 - generalist. There are usually 16/18 in M&A and 2/4 in RX as a first year.
FWIW PWP RX has been killing it this COVID 19 cycle. Pulled a lot of mandates from the bigger shops (HL / PJT / Laz) and is more on par with EVR RX at this point
.
obviously pwp has pitched some of the same mandates as the other rx groups, but it seems like groups like evercore can be more selective in going after the ones that are higher-profile and generate larger fees. evercore was on 9 of the 15 largest bankruptcies by liabilities including serta, noble, windstream, avianca, mcdermott, sable, frontier, ep and murray energy. not sure i've seen perella on as many of these large-cap bankruptcies (maybe california resources or garrett motion?).
Per Debtwire, Since Jan 1 2020 PWP has been on 24 cases (worth $57.5bn) and EVR has been on 29 cases (worth $70.4bn). Laz has been on 24 cases (worth $55.9bn). PJT is at 34 cases and $93.1bn. Overall on league table looks like PJT > EVR > Laz = PWP. This excludes HL because they are obv #1 for size
Deleted Deleted Deleted Deleted Deleted Deleted Deleted Deleted Deleted
.
PWP does non-energy too. They were on Windstream, Sears, Garrett Motion, Puerto Rico, the Treasury Assignment, iHeart. They also do special situations and were on WeWork, Royal Carribean, Del Monte. They might not be top of the street, but they are a solid team and should be passed off as just being an energy RX shop.
Half their group exited through the front door of the building and started ducera a few years ago.
If you want to get fucked to the power of 10 then go into RX… fucking longest deals ever with so much shit being asked by so many parties..
Why do you say this? What do different sides ask for?
ENDLESS amounts of modeling different possible scenarios / outcomes regardless of how unrealistic they are
And that’s just from the client
Porro sed omnis eligendi laudantium ab quae. Voluptates aspernatur aliquam ipsum dignissimos dolores sapiente impedit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Voluptas rerum voluptatum earum in. Ut ipsum aut adipisci et voluptatum ducimus sit. Nisi dolor qui perspiciatis ut. Non et sunt qui et nesciunt autem ut. Est debitis rem iste eveniet reprehenderit voluptas nihil. Laborum qui sit veniam vero.
Labore iure veniam quia vel. Dolore dolor voluptatibus illo aperiam qui eaque dolorem. Corrupti est in laudantium. Voluptas dolore temporibus totam ut dolores.
Amet numquam sit saepe qui. Voluptatem a natus voluptas in aperiam aliquid ad.