Best teams for private equity exit ops
aside from the product group M&A, what industry/sector teams are best for exit opps into PE? I've generally heard TMT is the best team aside from M&A, whereas FIG isn't a good team for moving to PE? What other teams are strong/bad for exit opps into PE? Or does it depend on the bank
Restructuring product group and sponsors
Do you mean Restructuring advisory (these aren't product groups) at EBs (EVR/PJT/Moelis)? Restructuring product groups exist at BBs for financing and virtually have no exit opps to PE.
The quote below is taken from a different post and should clear things up:
LevFin groups at BS-focused BBs (JPM, BAML) are also really good
Best groups at BB for placement at Private Equity (Originally Posted: 12/14/2014)
What are the best groups at a Bulge Bracket for placement in a Private Equity shop post analyst program?
UBS LA, CSFB LA, etc.
but all this is irrelevant. If you are starting now as analyst, in 2-3 years PE will have hit it's downturn, as it always does, lots of shops will not be able to raise another fund, and the job market will be flooded with experienced PE folks who've been kicked out. I don't think there will be much analyst placement then into PE.
Timing the cycle is everything...
How would you rank boutiques such as Greenhill, Lazard, Gleacher, Evercore for PE placement?
Super ironic looking back on this....
Heard top firms like KKR recruit at Goldman M&A, etc as well as Gleacher, Evercore. Your chances are probably better - smaller analyst class means less politicking, hopefully more diverse range of skills.
Goldman don't have an M&A product group....
More users with pics of Patrick Bateman.
bump tho
Did you just bump a post from 2006? Bruh
Top I-Banking Gigs--Strictly Exit Opps to PE (Originally Posted: 03/05/2012)
Ok-- so I know that people here are not into ranking the various Wall St banks in regards to overall prestige, but this is a little different. I think a lot of people might find it useful to know how INDIVIDUAL groups stack up against one another when it comes to STRICTLY PE recruiting. Therefore, how would you rank the top 10 to 15 groups on Wall St in terms of how they would be viewed by PE firms?
Obviously you have the ones everyone is all about here (GS TMT, MS M&A, etc.), but I'm sure users here would like to have a little more detailed list after this VERY top group. Please use any info (not publicly if you don't feel comfortable with actual lists of where analysts place) in order to think about this. Thanks everyone! Hopefully this can be put to some use for future users down the line.
Depends on the PE shop. MM or Mega? Specific industry focus or broader portfolio? This is why it's hard to rank which banks/groups place well.
Could we also throw in Chicago shops? eg: are there any banks/groups in Chicago you'd take over a group in NY?
Basically, I am just referring the VERY top PE firms(aka Mega Funds--BX, TPG, BainCap, Carlyle, etc.) The most competitive PE shops to get into that, without really having a top group on your resume, would be very difficult to get break into.
@rooster3t Yes,by Wall St I mean the TOP regardless of location. We're just going to put together a list of the very best placing groups regardless of whether the group is in NYC, Chi, SF, Houston, or Boise Idaho... haha anything goes...
.
I guess I'll start it off and we'll go from there. Feel completely free to chime in as well!
Top Tier:
GS TMT MS M&A GS FIG BX Restructuring BX M&A
Next Tier:
JPM M&A JPM Lev. Fin. CS Fin. Sponsors GS Healthcare BAML Lev. Fin./FSG Citi M&A Lazard Restructuring Greenhill Generalist Evercore Generalist Moelis Generalist
--
Any ideas where the other GS industry groups stack up?
This ranking seems fairly accurate, although i've heard that blackstone M&A is not that strong.
Also certain groups place very well at certain funds. Examples include GS TMT with silver lake, GS FIG with carlyle, Citigroup leveraged finance with oaktree, MS M&A with KKR, etc.
if you are looking at west coast i would add MS Tech on there as well.
I get the motivation, but I kind of hate these threads. Group prestige is almost like IQ; you need enough, but anything extra is of minimal benefit. Will GS have better recruiting than BAML? Yes. Can you get KKR from BAML? Also yes. The outsize representation of top groups is as much about self selection as recruitment.
Please don't post unless you are actually in banking or PE (to all you college students out there).
I would definitely add Moelis LA and CS LA to the top tier.
Why is this on the front page?
laz m&a...?
agree add moelis LA and CS LA for top tier if you want west coast PE funds
Moelis LA is top tier.
After you guys work in BB IBD for a few years you will realize how stupid this kind of rankings are
Exactly
aren't all of GS's top industry groups outstanding (TMT, FIG, consumer, healthcare, industrials)? what about MS's top groups? how are they not above most of the groups in the tier 2 listed above?
I'm pretty sure all the rankings on here are done by high school/college kids.
in general: blackstone (all), all GS groups, most MS groups, BB M&A/levfin/sponsors
This thread makes me want to throw up
I understand that most people think these threads are useless, but if nothing else they are at least interesting to a lot of students. Sure they may be flawed, a waste of time, and geared towards prestige whores, but what is the motivation to tell everyone on here that you don't like this thread? How is that useful at all? Might as well just let people share their opinions regardless of how dumb they may be.
I also agree that these threads are pretty superficial and boneheaded.
However, I can commiserate with kids who are trying to get into PE in the long term and need intermediate goals to aim for. You need to set your sights somewhere--either for general recruitment or for group selection and selldays.
Exactly! The point is to at least figure out which groups provide you at least a relatively good chance to break into a MF. I know that many groups are looked at much more favorably when it comes to the recruitment, so it'd be nice to get your views on this issue in terms of what you've heard about certain groups placing very well. It doesn't have to be primarily a ranking issue; just in general which groups do you think provide the best shot to break in.
I heard from an Ass 2 at GS that his MD, in TMT, knew someone at KKR who was at MS in FIG who said that they only take BX RTC, JPM Lev Fin/FIG/TMT/MM/FSG, GS IBD/TMT/DCM, MS M&A/LBO/DCF, RBS ECM, UBS TMT/ETF trading, CS FSG and LB CDO. They all went to HPY or Ox Camb for undergrad.
But that's just what I've heard.....
...these kinds of rankings are (countable)
or
...this kind of ranking is (non-countable)
Take your pick.
Huh? Countability is simply a statement of cardinality. You mean order-able.
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