BB HF/PE vs HF and MFs

So until now I didn't realize that BBs actually have their own HFS and PE. Are these true PE funds and HFS, or are they more fund of funds? How would working at Goldman PE or HF compare to a traditional MF or elite HF?

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Comments (6)

  • Prospect in Other
May 17, 2020 - 12:59pm

Goldman has groups that do direct PE deals (merchant banking division, special situations group) and groups that do a mixture of PE co-investments and secondaries (AIMS PE). I believe the former were recently consolidated into one private investing group.

If you check LinkedIn, people frequently exit from all of the above groups to UMM and MF PE.

  • Prospect in 
May 17, 2020 - 1:21pm

That's interesting, do you have any idea of how the comp and lifestyle compares in working at a BB in PE compared to a MF? Would a BB be considered better, or worse usually than working at a MF?

  • Prospect in Other
May 17, 2020 - 2:50pm

Can only speak to AIMS PE at the junior level, but comp is on par with BB IBD and hours are slightly better.

  • Prospect in IB-M&A
May 17, 2020 - 2:54pm

Do you know how to go about applying for MBD roles? Do they have a standard junior summer application process via online submission and a structured process, or is it through informal channels like talking to people?

  • Prospect in Other
May 18, 2020 - 8:48am

Not entirely sure -- maybe someone else can jump in here. I would assume almost all of their interns come from OCR.

  • Prospect in IB-M&A
May 18, 2020 - 2:36pm

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