Hi All -
I was wondering how the recruiting process for Financial Institutions-Specific Private Equity (Think Pine Brook Partners, Stone Point Capital, etc. not just larger PE funds that also do FIG such as Warburg, Apollo, etc.) differs from the standard recruiting process. Can you recruit for both FIG PE and Non-FIG Pe at the same time? How does the modeling differ, given that the businesses are typically not EBITDA based? How does the competition compare to standard PE recruiting, and also the compensation? In addition, if anybody could point to any prep materials that would be great.
For a little bit of background, I am an incoming IB analyst at a bulge bracket FIG group in NYC