Aquiline Capital Partners

Prospect in IB-M&A

Does any have any insight on this firm? They're of the few shops that recruit undergrads. I've gathered that they're a UMM PE fund focused on financial services.

How much would you be pigeonholed?

Looking for information in terms of comp/culture/exit opps to bigger funds/etc.

Comments (20)

Mar 7, 2020

Know someone there rn. solid shop with a pretty good culture. Heard good things from him

  • Intern in IB - Gen
Mar 7, 2020

MM not UMM

    • 1
  • Prospect in IB-M&A
Mar 8, 2020

what would you qualify as MM/UMM/MF?

  • Analyst 1 in IB - Gen
Mar 26, 2020

MF >$5bn recent fund
UMM $3-5bn recent fund
MM $0.5bn-3bn recent fund
LMM <$0.5bn recent fund

  • Intern in IB - Gen
Mar 8, 2020

Friend interned there. Had a good experience and got a good SA gig from having it on her resume when she was recruiting.

Mar 9, 2020

They recruit out of undergrad? Are they flexible in terms of the recruiting timeline?

Mar 9, 2020

They take analysts. Not sure about flexibility.

Array

    • 1
Most Helpful
Mar 9, 2020

I think it's safe to say they are one of the most "purely" FIG focused financial services PE firms in the game, maybe with the exception of Flexpoint / Reverant.

So, exit ops will be much more significantly limited than if you were to go to a generalist fund / FIG fund that invests more on the services / fintech side (and less in balance sheet driven businesses).

No clue on culture / comp.

Generally speaking, unless it's an analyst role at a MF / larger UMM, exit ops are better out of a solid IB group. You get more reps and analysts in PE really aren't delegated much meaningful responsibility on deals, whereas in banking you're getting more reps developing the core skills you need to demonstrate as a PE associate with as little hand holding as possible.

    • 2
  • Prospect in IB-M&A
Mar 9, 2020

The firm seems to be somewhat focused on FinTech/tech-enabled services from what I hear. My thought was that if a mid-tier BB analyst exits to the same quality of fund, why not just skip the two years.

Mar 9, 2020

Stone Point, J.C. Flowers, Atlas Merchant are some other names you're missing

Mar 9, 2020
Elite_Bulge:

I think it's safe to say they are one of the most "purely" FIG focused financial services PE firms in the game, maybe with the exception of Flexpoint / Reverant.

So, exit ops will be much more significantly limited than if you were to go to a generalist fund / FIG fund that invests more on the services / fintech side (and less in balance sheet driven businesses).

No clue on culture / comp.

Generally speaking, unless it's an analyst role at a MF / larger UMM, exit ops are better out of a solid IB group. You get more reps and analysts in PE really aren't delegated much meaningful responsibility on deals, whereas in banking you're getting more reps developing the core skills you need to demonstrate as a PE associate with as little hand holding as possible.

Flexpoint still looks at HC tech and services too.

I would imagine he could use the fintech angle to lateral into some broader tech-focused funds that have some fintech as part of their strategy (e.g. TA, STG), but I don't know beyond that.

    • 2
  • Intern in IB - Gen
Mar 11, 2020

aquiline does VC, healthcare, and business services as well. vast majority is FIG but wanted to put it out there.

Mar 9, 2020

Per Oregon (https://www.oregon.gov/treasury/invested-for-orego...) returns look pretty underwhelming. 2005/2010 funds at single digit IRRs. 2015 fund marked at a 30%+ IRR but likely pretty immature.

  • Prospect in IB-M&A
Mar 9, 2020

Not sure what it means for that 30% IRR to be "immature". I was thinking that return was a good sign?

Mar 9, 2020

A 30 percent net return is definitely a good sign, my point was just that five years is generally early in the life of a fund and those returns are generated in part by paper gains and they may come down as the fund matures.

    • 1
Mar 24, 2020

Any info on which HHs they use?

  • Intern in IB - Gen
Mar 24, 2020

they don't use HH for juniors, very surprising

Mar 24, 2020
Comment