BDT Culture 2021

I am wondering if any monkeys could shed some light on the associate-level culture at Byron Trott's merchant banking firm BDT Capital Partners / BDT & Co. There has not been much insight about this on WSO despite the firm's flagship fund growing quite quickly; perhaps this is due to their lack of website / press releases / marketing. Any related information would be appreciated.

 
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WLB is pretty top notch and they care about the experience that their people have. To that end they do a few things:

  • Overhire so teams aren't too lean and you can spend time not working and shit still gets done
  • Lots of perks - they have a massive gym in the office with personal trainers just for their employees
  • Staffed on a mix of deals and advisory work - if you get on an absolute burner of a live deal, they might let you spend some time doing some slightly more relaxed advisory work so you can recover
 

I recruited on-cycle two years ago, so my experience may be a bit dated - generally they only pull from BB/EBs through HSP. They grew quickly so I'm not sure whether they still have that small firm feel. From what I gathered through the process, the advisory isn't traditional buyside/sellside but rather retainer clients, so the work is similar to working with a portco. On the investing side, they do half minority and half majority buyout so you do get that breadth of experience. Culture seems great - the associates work very hard but everyone I talked to seemed to love it and were super technical. Pay is street or more bc you get a COL bump. They also emphasized that they wanted to invest in their employees and for them stay for the long haul. Only a handful of people have left the firm before, which speaks to its culture but also means not a lot of data points to go off of. HSW placement top notch if that's what you choose but they're not 2 and out. I think one or two went to Booth but that's because they wanted to stay in Chicago.  

 

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