Altas Partners
Anyone have any insight on Altas partners? Located in Toronto and the senior level people look impressive. It would be great to hear some opinions and if anyone has any knowledge on the culture and comp.
Thanks !
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Don't have any detailed info on the firm, but FYI it's *Altas* parters, not Atlas partners...big difference
Lol thanks
Not much to really say. The only non-pension funds that have AUM >$3bn I believe are Altas, Brookfield and ONEX (Novacap and Birch Hill being notable names >=$1bn). And for Brookfield, only their infrastructure team sits in Toronto - everyone else sits in NY. At that point it gets pretty binary as to whether you want to work in a larger-cap space or want to do more grassroots stuff as I've heard that going to a pension fund is overall viewed as a negative given that there is a stigma around hiring laterals from potential/current LPs ((not sure how true this is).
What about Torquest and Whitehorse?
Are those not both sub-3? I guess I should've mentioned it in the >+$1bn list, but the latter wasn't supposed to be exhaustive
Whitehorse is cool but it isn't "regular" PE - it's really more of an alternative to secondaries for PE firms and you can think of it almost like preferred equity but for PE portfolios.
Thank you for that, very helpful!
Great shop and they're growing fast. Believe they just raised their second fund and are adding headcount quickly as well. Culture is very much a work hard type of place but much less so than Onex. The team also has solid camaraderie and fit is extremely important to them when recruiting.
Founder is Ex-Onex and has a fantastic network both for LPs and sourcing deals. I'd definitely say its one of the top shops in Canada with better work/life balance than Onex, however you will be comped lower than Onex, but higher than the pensions. Don't have an exact figure for you though.
Thank you for the answer, I appreciate you painting a better picture. When you mention culture, does it mean that the partners want to groom the associates to become partners in the future or is it a sink or swim culture?
i’ve heard altas pays better than onex
They take a high conviction / super concentrated portfolio approach and view things w/ a long-term hold (longer than traditional PE). You'll definitely have to put in some hard work but culture fit is a big consideration and work life balance is far better than you find at Onex (founder's old shop).
Thank you for the answer. Dumb question but the founder mentioned that the firm evaluates 300 potential investments and only completes 1 or 2 transactions so does that imply that the associates are under constant pressure daily and can be shredded when presenting their investment at the investment committee?
"Evaluates" can be such a fluff word - like depending on who you talk to that can mean any investment that comes in, could be anything they actually read the materials for, or anything you did actual work on. Highly doubt that means they fully underwrote 300 deals.
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