Chicago PE Recruiting

IUHoosier08's picture
Rank: Baboon | 101

I have a couple of questions that I thought some of the posters who have gone through PE recruiting in Chicago might be able to answer:

  1. I've heard the Private Equity Association of Chicago (PEAC) sends out a resume book to pretty much all of the firms. When do they do this?
  2. How does one get a resume included? I signed up on the website, but haven't seen a place to drop a resume.
  3. Has anyone worked with recruiters focused on Chicago?
  4. How helpful have those recruiters been?

For those of you who have gone through recruiting (in Chicago or anywhere) and wouldn't mind sharing how their process went it would be greatly appreciated.

Also, if any of you would be available to do a quick review of my resume I would greatly appreciate that (I don't really feel comfortable posting it to the masses).

Comments (20)

Mar 1, 2011
  1. The PEAC event was May 19th last year. The deadline to submit resumes was April 28th
  2. Buddy of mine forwarded the PDF to me last year; believe their email is [email protected]
  3. Yes
  4. Helpful but I think the PEAC resume book and attending the PEAC event is the best way to land an interview, especially if you're focused on middle market shops
Mar 1, 2011

Are even the lower middle-market shops involved with this organization?

Mar 2, 2011
ThaVanBurenBoyz:

Are even the lower middle-market shops involved with this organization?

Yes, most Chicago shops either attend the PEAC event or purchase the PEAC resume book. Cheaper to pay ~$5k for the book vs hiring a headhunter. This is why many smaller shops take advantage of PEAC as a recruiting resource.

Mar 2, 2011
acronymous:
ThaVanBurenBoyz:

Are even the lower middle-market shops involved with this organization?

Yes, most Chicago shops either attend the PEAC event or purchase the PEAC resume book. Cheaper to pay ~$5k for the book vs hiring a headhunter. This is why many smaller shops take advantage of PEAC as a recruiting resource.

Do you have any info on getting your resume into the book? The website doesn't look like it's been updated in a while. I signed up for an account online, but it doesn't appear there's a place to upload a resume.

Thanks for all of your help.

Mar 5, 2011

Bump to see if anyone has any more info on Chicago PE recruiting...

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Mar 5, 2011

The PEAC resume book is a good way to get your name out there. Last year when submitting resumes, you also had the option to have yours including in the Boston and/or LA resume books. By the time the book is distributed however, many of the larger Chicago shops - I presume Boston and LA shops for that matter - have finished their recruiting. For example, MDP and GTCR completed their hiring before the resume book was sent out. MDP and GTCR for that matter contract headhunters for their recruiting: Dynamics for GTCR and CPI for MDP.

A week or so after the resume book is compiled, a networking/cocktail event is held at the University of Chicago Club for you to get to speak with some of the Associates and VP's in person. The dance continues from there. I know last year an Associate at MDP whose first name is Michael was in charge of organizing the resume book. I recommend reaching out to him

Sep 14, 2011

What is the website for PEAC. Yes I googled it.

Sep 14, 2011

The Phoenix Group always seems to have a lot of stuff in Chicago, particularly with smaller shops.

Sep 14, 2011

The vast majority of private equity funds in Chicago are middle market funds and heavily recruit from other Chicago offices, such as William Blair, Robert Baird and of course, the Chicago offices of BB funds. This leads to a very insular community and recruiting is generally network based, rather than through recruiters (with the exception of the large funds like GTCR and Madison Dearborn). You should just start cold calling middle level guys (VPs and Principals), asking them about their hiring needs and process. Be prepared to have an informal interview on the spot if you do this.

    • 1
Sep 14, 2011
  1. There aren't very many (if any) recruiters solely focused on Chicago buyside. Most PE firms in Chicago that do use recruiters just use the same names that everyone else uses. Just let them know your geographic preferences (which they'll promptly ignore in most cases, but whatever, it's worth a shot).
  2. There's a Chicago PE resume book. I had some friends get interviews from this book: http://peachicago.com/ It's mostly smaller firms that use this. That being said, Chicago has a lot of smaller firms.
  3. If you know "absolutely nothing" about the Chicago PE scene and are trying to recruit here, then you should probably budget some time for some independent research. Like literally just google "Chicago Private Equity" and start clicking. In general though, Chicago PE is pretty small. Chicago is a trading town first and foremost. If you think about the main financial cities in the US (NYC, SF, LA, Chicago, Houston), Chicago is probably toward the bottom of that list in terms of both number of PE firms and also total AUM. There are only a handful of active firms that have raise funds >$500M. Given these circumstances, you might also wanna be open to HF's, family offices, and misc. other buyside firms (debt, venture, etc.)
Sep 14, 2011

I worked with a HH who was in contact with all of the MM/Boutique IB/PE shops in Chicago.

Sep 14, 2011
d52strick9:

I worked with a HH who was in contact with all of the MM/Boutique IB/PE shops in Chicago.

Can you name a couple of HHs in CHI to approach?

KC

Sep 14, 2011

Bump

Sep 14, 2011

Would also be interested. I know the shops and the IBs that seem to place, but that's the extent of it.

Sep 14, 2011
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