Cove Hill and AVALT?
Hey everyone, I was wondering what peoples' thoughts on AVALT and Cove Hill are? Both relatively new Boston-based funds started by former Bain Cap partners.
Trending Content - Private Equity Forum
| +101 | Cognitive decline | 33 | 20h |
| +88 | Vibe-Working in Finance with AI ? What about you | 34 | 3d |
| +46 | PE VP: Thoughts on Quitting with Nothing Lined Up? | 18 | 12h |
| +32 | Those unemployed in PE 3+ months, how do you make progress every day? | 11 | 2h |
| +13 | How Cooked is Software PE? | 1 | 5d |
| +12 | co-investment / Allocator roles WLB | 4 | 1d |
| +12 | Indian PE Landscape | 2 | 3d |
| +12 | Is it possible to get no comments as an analyst? | 3 | 19h |
| +11 | LMM Startup PE Fund Vs. Tier 2 Consulting Firm | 3 | 5d |
| +10 | Firm Culture in PE | 4 | 3d |
Career Resources
Both funds appear to be cut from the same cloth. Started by former Bain Cap MD's, both investing a ~$1B long-term focused fund, both seem to predominantly hire former consultants. Judging from the websites both seem to have pretty high caliber people and would offer you a good Associate experience. Not sure how to compare them to other consultant-friendly PE funds though. Anyone else have thoughts?
Cove Hill has a very good reputation. High quality people. Fund raise was apparently very smooth. Supposed to be lots of room for advancement internally.
Bump!
Any insight into their interview process?
Does anyone here know which recruiting firm covers Cove Hill?
Ratio Advisors
Awesome, thanks
Any insight on salary as it compares to other larger funds?
Is Cove Hill considered a MM or UMM?
bump
Definitely very MM. closer to LMM size. A 1.5bn round is not large at all. There’s no set number for UMM, but I would put it at around 8bn+
Bump on any information about Cove Hill Partners. I know it focuses on long-term assets, but aside from that I'd love to know more (perception in the industry, WLB, etc.)
Bump
As others have mentioned perception in the industry is very good. Anecdotally I think returns have been quite strong. I haven’t heard great things about WLB/culture though. They’re known to be a total sweatshop and have had a revolving door of Associates and VPs over the past couple years.
I heard the culture has improved
Could someone add some more color on Cove? Have ties to Boston so thinking of recruiting there on cycle
bump
Bump
Anecdotally, really good returns for the few exits they've had. Invest in two main verticals: consumer tech and vertical software. Has a somewhat differentiated approach as they have evergreen provisions to hold portcos far past the typical 5-7 years. Associates are given coinvest and pay above market for their fund size (in line with UMM/some MF). Has seen some turnover soley from ex-consultants but otherwise strong track record of internal promotions.
Any updates on Avalt?
Bump on AVALT?
Any insights on the Analyst program and path to promotion?
Bump on AVALT
Quo iusto tempore velit sit. Modi veritatis ut modi fuga. Sint sed consequatur et deleniti at officia. Velit qui sunt nostrum rerum eius possimus aspernatur.
Fugit et et qui nostrum aut nihil aliquam. Aut laudantium dolorem vel non. Sint dolorem fuga et qui quia quo.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Quia soluta necessitatibus pariatur illo tempora sed explicabo molestias. Eos qui vel ab reprehenderit debitis nobis unde. Repudiandae quo porro aliquam corrupti.
Numquam aut nisi accusantium labore odit. Libero quod ut est possimus porro quo et delectus.