Assessing a PE firm's prestige?
Hi all,
Rising junior going to a target with an offer from a NYC PE firm. I cannot find any real info on the firm's prestige, only it's website. My goal is BB IBD.
It has AUM of around $400-600mil, and specializes in MM transactions investing up to $80-120mil. Team size is about 12-15 people in total. It was started by some guys from at a top 15 PE firm that everyone has heard of...and has since pulled a majority of its people from that firm. All HBS, Wharton, MIT guys/gals.
Based purely on this information...is it a decent internship or am I better off doing a F500 corp. fin. gig?
Thanks guys.
Based on that info it seems like a pretty legit fund. I would definitely go PE if you are trying to do IBD.
Agree, would definitely do PE
Its prestige? For real? Youre asking about prestige and not the quality of the experience youd be getting?
...yah, this. SMH hahaha.
I imagine you as being an angry, bitter old man. Like a Scrooge, or a Thoreau. Kinda like how I imagine what I want to be like when Im older.
Whats the website, I'll tell you.
Love this site.
I think this guy isn't exactly sure what prestige means
I think that is an absolutely key concern OP, and most of you sound like you're giving the moral summary at the end of an episode of a public television show. You're talking about quality of experience? Prestige is what other people perceive your quality of experience to be. Essential for exit ops, networking, and respect.
Find someone you trust in industry and ask about the firm's rep and deal flow. But if they're attracting targets, they're probably doing ok.
"If you want to make ambitious people waste their time on errands, the way to do it is to bait the hook with prestige."
Thank you for the tip and understanding why I posted this in the first place.
To the rest of you berating me for asking about a firm's prestige: ever consider that you have no way of assessing the quality of work I will be doing there? So why would I bother asking you that when all I gave you is a few facts on the firm....
Regardless of prestige you'll be better off working at the PE firm and wrapping your head around an LBO model if your goal is BB IBD next year.
Though frankly if you can make yourself valuable at the PE firm, why even bother hazing yourself at a BB for a summer and then 2 years after that if you are just going to want to exit back to another PE firm anyway? Save yourself all the effort and just get a FT offer with the PE firm if you can swing it, it'll probably add 5 years to your life expectancy.
All PE firms are NOT equal. The quality of work you do while at an internship is far more important than the name on the door, in most cases. Because the OP doesn't know the quality, he has to ask the prestige question.
If this was a small shop with limited deal flow, etc. he would probably be better off doing IB for the summer. Since it isn't, the PE gig is a better choice.
Regards
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