Exit Opps in Charlotte?

What are the typical exit opps from IBD BB firms in CLT? Are there smaller PE/HF firms in the area or do you have to live in NYC? Looking to start career in CLT at a BB but not sure in the long run if there will be exit opps?

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"Prospect in IB - Gen" What are the typical exit opps from IBD BB firms in CLT? Are there smaller PE/HF firms in the area or do you have to live in NYC? Looking to start career in CLT at a BB but not sure in the long run if there will be exit opps?

There are some solid MM funds in Charlotte:

  • Pamlico

  • Ridgemont

  • Frontier Growth

  • Carousel

  • Falfurrias

  • Summit Park

  • Kian

Couple of BDCs in the area - Capitala, Triangle Capital Corp (RDU) Couple of Mezz - Five Points Capital (W-S), Plexus

 
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Can provide more color on the firms mentioned above.

1) Ridgemont - One of the largest PE shops in the SE ( I believe second to a firm based out of ATL).

2) Falfurrias - Founded/Started by Hugh McColl. For those unaware of the name he basically formed Bank of America back in the day through significant M&A Transactions.

3) Pamlico - Spin off from Wachovia I believe after merger with Wells Fargo/when Wachovia was run into the ground.

4) 5 Points Capital - Associated with BB&T however was just bought out by another PE firm based out of Dallas. Mentioned in post but this is not in Charlotte, but Winston-Salem. About hour and a half from Charlotte.

Most of these shops at associate level will typically recruit from local shops like Wells. Harris WIlliams is a breeding ground for Pamlico.

Additionally Churchill Asset Management - Leg of Nuveen/TIAA that provides financing for PE shops. Few ex Regions Guys.

Unfortunately not too many Hedge Funds that I am aware of. If there are just smaller family office shops.

 

There are a number of good MM PE shops in Charlotte. Some do traditional buyout investing while others, like Frontier Capital, focus on growth (they just changed their name to Frontier Growth). Most of the associates come from smaller / regional banks (BlackArch in Charlotte pumps out analysts to Frontier) but I imagine someone coming from Wells or BoA would have a great shot

 

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