Comments (69)

Nov 23, 2010

Allen & Company

Nov 23, 2010

Moelis, CS, UBS are known to have good LA presence.

Also Imperial Capital.

Nov 23, 2010
Nov 23, 2010

UBS used to I'd say. Office is decreasing in size, but still a good place.

I'd say as far as execution, deal flow, prestige:

MS, Moelis, CS

From LA, go to school in LA, so PM me if you have specific q's on banks.

--
"Those who say don't know, and those who know don't say."

Nov 23, 2010

Somewhat off topic. What are the best buyside firms in L.A.? Probably PIMCO, canyon ranch, oaktree capital. And for SF it's farallon, dodge and cox, watershed, clarium.

Nov 29, 2010
jjc1122:

Somewhat off topic. What are the best buyside firms in L.A.? Probably PIMCO, canyon ranch, oaktree capital. And for SF it's farallon, dodge and cox, watershed, clarium.

Assuming traditional PE/HF type funds (not money manager), my opinion below:

LA:
Top Tier:
Apollo
Canyon Capital
Leonard Green
Oaktree
TCW/Crescent Mezzanine
Tennenbaum
Ares
Beachpoint
Carlyle Strategic Partners
Carlyle Mezzanine

Mid-tier:
Newstone
Platinum
Gores
Aurora
Cerberus California
Caltius
Post
Ivory
Levine Leichtman
Freeman Spogli
THL Credit
Saybrook
Barclays Capital Distressed
Black Canyon
Ice Canyon

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Current:
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Past:
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Analyst - Morgan St

Nov 23, 2010

I'd agree. I want more info on the best HF's in LA, but they are hard to come by.

I would also include Leonard Green for PE shops.

--
"Those who say don't know, and those who know don't say."

Nov 29, 2010

isn't moelis best? not hlhz

Nov 29, 2010

moelis

cs / ubs

gs/ms

Nov 29, 2010

piper jaffray

=========================================
We are excited to formally extend to you an offer to join Bank of Ameria

Nov 29, 2010

LA is horrible for banking. Go for GS so you can lateral out of there.

Nov 29, 2010

F*ck...there is a ZERO exit opportunity in LA...you lose your job...you r toast...
Take it from someone who has been there...
This is your chance in life...to explore some place different than Little Tijuana...
NYC, BOS, and Chic....at least you can find another job.

Otherwise...try to be an actor/actress since you will be waiting tables anyway!!!!

Nov 29, 2010
CLGCTrader:

F*ck...there is a ZERO exit opportunity in LA...you lose your job...you r toast...
Take it from someone who has been there...
This is your chance in life...to explore some place different than Little Tijuana...
NYC, BOS, and Chic....at least you can find another job.

Otherwise...try to be an actor/actress since you will be waiting tables anyway!!!!

It amazes me how much you talk given how little you know. 2009 Analyst classes from GS/MS LA placed into Silver Lake, Oak Tree, Apollo, and several other top firms. Moelis LA apparently went to all the megafunds. Not sure about CS/UBS but the placement is probably strong as well.

Also, GS LA is substantially stronger than MS LA, and UBS LA has fallen since Moelis left.

Ranking:
1. HLHZ Restructuring/CS/ Moelis/GS
2. MS/UBS
3. The other BBs

Nov 29, 2010
CLGCTrader:

F*ck...there is a ZERO exit opportunity in LA...you lose your job...you r toast...
Take it from someone who has been there...
This is your chance in life...to explore some place different than Little Tijuana...
NYC, BOS, and Chic....at least you can find another job.

Otherwise...try to be an actor/actress since you will be waiting tables anyway!!!!

Ok, well there's probably about 50 total analysts in LA, so about 25 second years. Of those 25 second years, below are where some of them are going next year...

2 to KKR
2 to TPG
1 to Silver Lake
2 to Ares
1 to Carlyle
2 to LGP

Sounds like pretty good exit opps to me. I'm sure there are more that I'm not aware of as well.

Nov 29, 2010

He does have a star next to his name. Not everyone wants to do restructuring you know, and I would say UBS is a former shell of its old LA self.

Nov 29, 2010

There are quite a few strong PE firms there and in SF (LGP, Carlyle, Apollo, Silverlake, H&F, half of KKR, TPG, dozens of strong mm pe firms) and very few analysts graduating from west coast 2 year programs per year, so I would argue that exit ops are very strong.

(Unless you get fired, in which case you would be having problems regardless of your location.)

For LA:
Moelis has strong name and dealflow
UBS and CS have the most bankers; UBS has gone downhill a bit but still places better than CS I believe
GS and MS are very similar in terms of # of bankers and deal flow; both place well bc of name recognition (similar to CS LA I believe).
Would be reluctant to take HLHZ restructuring above any of these; though they have strong deal flow do not believe the name carries --> worse placement

SF/menlo tends to place a bit better for GS and MS because they do tech there and a lot of the mega PE funds focus on tech.

Nov 29, 2010

I agree with cashcow since my boutique is very small and other BB's have only a handful of analysts so buyside recruiting is probably easier, and SF is probably better than LA for pe firms. The best thing about the west coast is also all the great venture capital firms out here.

Nov 29, 2010

what about barcap? heard their sponsors group MD was ex-CS LA. also what about JPM LA?

Nov 29, 2010

I'm a little surprised that MS M&A in LA has been fairly downplayed in this thread. I'd say that shop, along with CS/UBS, is one of the strongest in LA. Moelis, of course, has been in a league of its own, but 2009 analyst placement was skewed, so 2010 might determine how good Moelis exits really are

Nov 29, 2010

MS M&A in LA is moved to SF isn't it?

Nov 29, 2010
bigmonkey31:

MS M&A in LA is moved to SF isn't it?

Nope- MS M&A is still in LA, and a top notch group

Nov 29, 2010

What do you guys think between CS LA and UBS LA? I'm a junior looking at internships at both and am not sure which to choose. It looks like CS has the generalist program (which could be a plus depending on how you look at it), but UBS has product/coverage groups and better connected senior bankers. Other than that, the offices are pretty similar -- does anyone have any insight?

Nov 29, 2010

wso123, any way you can break down your list by bank? thanks

Nov 29, 2010

arent 5 out of that list of bankers coming from moelis? I know another one is from UBS LA.

Nov 29, 2010

Fuck UBS, it is the worst! 0 exit ops and everyone left.

Nov 29, 2010

The list is all Moelis, UBS, CS, GS and MS (only 1). All but one person from each of Moelis and UBS placed to $1bn+ PE. The bank with the most from that list is Moelis.

I would say for exit opps coming from LA...

  1. Moelis
  2. UBS
  3. CS
  4. GS
  5. MS
Nov 29, 2010

do NYC analysts have a shot at these west cost exit opps? or do they prefer hiring from west coast?

Nov 29, 2010

I honestly think too much weight is put on which bank in LA is THE best. Just looking at size and numbers, it is no wonder why CS and UBS have had the best history of analyst placement in terms of exit ops, they have the largest analyst classes. I'm sure the analysts working at LAZ and GHL have the exact same exit opportunities, yet we don't hear many stories because there are far fewer analysts, some of who decide on doing something other than PE. My point is...if you are lucky enough to land a gig at any of the strong LA banks, pick the one where you like the culture, people, industry group, etc.

Nov 29, 2010

Or just realize you should be in SF for banking. and if you had real balls, NYC.

Nov 29, 2010

So UBS and Moelis seem the most legit?

Are the people actually posting from CA or just what you are hearing out of NYC?

Nov 29, 2010

LA BANKS:

From an LA guy who knows his shit

  1. Moelis/UBS
  2. CS/MS/GS
  3. BarCap
  4. HL

--
"Those who say don't know, and those who know don't say."

Nov 29, 2010

i really dont think you know your shit...nutsaboutWS.

HL should be the top of the list with moelis

i heard there are a lot deals going on in greenhill given its smaller size.

Not too sure about UBS and CS, but they are both sweatshops

barcap..i spoke with people there about 1 month or 2 ago and they said the deals havent been coming in for a while...

Nov 29, 2010

you mean HLHZ restructuring eric, but yeah they're a good group

Nov 29, 2010

How about JPM in LA?

Nov 29, 2010

BUMP BUMP

Nov 23, 2010

best pe shops in LA: leonard green, ares, oaktree, freeman spogli, lot of good smaller middle market shops
best pe shops in SF: most of the megafunds have offices in sf, golden gate capital, hellman & friedman, many others

Nov 29, 2010

cs is generalist with a lot of gaming i believe.

Nov 29, 2010

MS tech hustles, they put in work.

Nov 29, 2010

MS: M&A, corp fin

JPM:

DB:

GS: Consumer/Retail (Western Region Advisory), FIG,

CS:

UBS:

Barclays: Sponsors,

Citi: Healthcare, Metals and Mining

Nov 29, 2010

ubs is sponsors and tech right?

--
"Those who say don't know, and those who know don't say."

Nov 29, 2010
nutsaboutWS:

ubs is sponsors and tech right?

I think media, but not positive. I think DB has a FIG group out of LA as well, but not sure on this either.

Nov 29, 2010

btw, assuming that you want to start working for a BB in LA. How would you approach this? To be honest, I've never seen anything online for a location besides NYC or Chicago.

Thanks

Nov 29, 2010

CS is also heavy on LevFin

DB is definately FIG....i personally know people that work there.

BAML ??

Nov 29, 2010

CS is not gaming, it is mostly LevFin

UBS is media and some tech as well I believe. Sponsors is in SF

Nov 29, 2010

whats BAML again?

Nov 29, 2010

I hear BAML's doing weird scat to its analysts, as in they're all in a generalist pool or somescat.

Nov 29, 2010

Not to be a dick but:

Does UBS still have an LA office? They didnt do OCR at UCLA this year....not sure if they were downsizing or literally just shut down.

Nov 29, 2010

I think they still have an LA office. It's definitely less than half the size that it was just a few years ago though.

Nov 23, 2010

Define best?

Nov 24, 2010
CompBanker:

Define best?

I would define best as a challenging yet fun working environment with wonderful perks and prestige.

Nov 29, 2010

Moelis, Houlihan RX, MS M&A

Nov 29, 2010

+CS la, GS la

Nov 29, 2010

^Pretty much sums it up except there's also a few solid boutiques that focus on media/tech.

Robert Clayton Dean: What is happening?
Brill: I blew up the building.
Robert Clayton Dean: Why?
Brill: Because you made a phone call.

Nov 29, 2010

Guggenheim has an LA office as well, haven't heard much about it though.

Nov 29, 2010

from what i understand, they only do CRG there. doesn't seem as busy/respected as NYC office.

Nov 29, 2010

Any insight on Lazard LA? Or other bulge brackets?

Nov 29, 2010

So best groups are Moelis, Houlihan RX, MS, CS, GS? In that order?

Nov 29, 2010

Bump

Nov 29, 2010

Citi has an LA-based M&A group.

Nov 23, 2010

I have experience here. GS, CS, MS, BAML and Barclays are all good from BBs. I really liked the people I met at Barclays best personally. All these places have had very good deal flow recently.

Nov 29, 2010

Moelis is the best bank in LA

Nov 23, 2010
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Nov 28, 2010