Chicago PE Landscape

It seems like the biggest and most prominent players are GTCR and Madison Dearborn with a handful of other solid names like BDT, Wind Point, Pritzker, Vista, Linden, IPI, Vistria, Cressey, and others. 
 

Anyone have thoughts on the above names or other PE funds in Chicago in terms of performance, culture, comp, etc.?

 
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Most recent fundraises: BDT at $9.1B, GTCR at $7.5B, MDP at $4.5B with all more or less having raised subsequent funds every ~4 years. Take that for what you will in terms of performance and/or focus. Seems like MDP was on track to pursue huge deals - CDW ($7b), Nuveen ($5.75b), but then downsized after GFC to focus on old economy proprietary MM deals. GTCR focuses on more growthy assets that are fairing well in this frothy low interest rate environment. BDT doesn't disclose many of their deals but seems to focus on old economy industries as well and just bought out Whataburger ($6b). Just my observations from looking at a few deals they've done so take it with a grain of salt. 

Culture: Been covered a lot on this site already. From my interactions working in Chicago, MDP is very formal - suit and tie. GTCR comes across as more casual, but some verticals are extremely sweaty (looking at you FS and TMT). Don't really know anything about BDT but they've had a meteoric rise in the past few years and their people seem to keep more to themselves because they're really secretive. Can't go wrong with any of these 3. Have heard great things about the associate experience across the board.  

Other: Heard good things about WP, Pritzker, Linden, and Cressey. Lindsen/Cressey obviously better if you're specifically interested in healthcare. 

 

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