GIP Culture
Haven't heard much about GIP on here. Anyone has experience with GIP and has insights on what the culture, career prospects, etc are like?
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I interviewed with GIP. They are stiff and hardos. I literally asked a question about culture and the VP said straightfaced, "we're very professional. It's not like in banking" lmao ... oh but they pay a shit load and are arguably the best in their space
What was the interview process like? Any questions that threw you off?
It's a sweatshop, associates get worked. You're well compensated though, as has been mentioned, and it's a solid experience since they're the best in the space.
How do they compare to other infra PE competitors like Stonepeak?
Was on the other side of a deal from them and it seemed truly brutal. Associates calling our VP at 4 AM to ask where model updates were that they requested at 1 AM. Not sure when any of them ever slept.
Have heard similar. What's their comp like?
Interview process was a super day that included in person case study / paper LBO that lasted like 45 min where the interviewer would give you one piece of information at a time and have you tease out the info needed to accurately calc returns on a piece of paper. No calculator. Wasn't very hard though tbh. Then next interviews (two on one) focused on deal experience, but they really dug in asking lots of questions about the companies and their business models, etc. some of which I had no clue i.e. what's the level of commodity risk? How are contracts structured?
Thanks for the color on this.
So just to be sure it was one super day and thats it? Any idea what profiles they look for when selecting associates e.g. more industry knowledge or process management / execution?
My interview was on-cycle so basically just good bank, relevant group, good school. But I remember being struck that a few of the people I interviewed with had less traditional backgrounds i.e. lateraled as a senior associate after several years at a Canadian Pension infa PE group or hopped around banks a bit before coming over as a associate. something like that. So they definitely take laterals. I have a friend who went A2A at GS and then went to GIP.
have offers for summer 2021 already been given out?
Not that I am aware of - are you in process there? PM me and we can trade some notes.
Hi I have an interview on Monday and I was wondering if you have any more notes or details on the interview process.
Heard comp is around $400k for a first year associate. Which could make sense given 20bn+ fund and 25%+ IRR. But yeah, associates there must get worked
That's wild if true. Any sense on base to bonus split?
Can't confirm the $400k first year comp but heard base is in the lower end of things, ballpark ~100-140
Anyone has any idea of senior associate pay?
They have some of the worst hours I ever heard of. Know several former employees who got massively burned out. But it’s great experience and comp for as long as you can shake it.
I get the sense that Stonepeak guys are more laid back
The Stonepeak guys are more laid back relative to GIP, but they are still one of the tougher infra funds in the market.There is a reason GIP has its reputation. It's founder is probably the largest rainmaker in the infra space. They have a gigantic market share, and have earned substantial premiums compared to most infra funds across transport, renewables, etc. These returns may have since compressed in the market given the saturation and quality of players in the space.
Bump - anyone know if Summer 20201 offers went out yet?
I Think They're right Now
Summer 2020 or 21? I have a contact at the firm who told me that summer 2020 just finished last week, and 2021 hasn't started
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Bumping this thread - any monkeys know if 2021 Associate offers went out?
bump - anyone hear back? been radio silent from the HH over here
How does GIP rack up against infra arms of megafunds (Carlyle, KKR, BX) and other big names like MIRA?
GIP is the undisputed leader in the space, megafund infrastructure arms aren’t even in the same tier (just look at AUM in the strategy). Only blackstone even comes close AFAIK
How do you define "megafund"? GIP's latest fund was ~$24bn.
I'd define any private equity fund managing >$20bn a megafund.
Comp is high
Any updates on comp?
How does it compare to Stonepeak?
They are similar funds. Stonepeak originated as a spinoff of Blackstone's senior infra team. GIP was founded by a group of Credit Suisse Power and Energy investment bankers in tandem with a bunch of operating executives from GE Energy.
Both teams are very active in the digital and transportation sectors. Stonepeak is actively building out its renewable energy presence, while GIP already executes in the sector through Clearway Energy and its flagship funds. Both are core+ / value add investors, which means they target 15%+ returns at minimum and take more development and market risk.
They are arguably the two most well-recognized players that cover the entire infra sector. Most infra funds stick to core infra (fully-contracted greenfield or brownfield assets), or specialize in a specific subsector (transport, digital, energy, renewables, etc).
Speaking of infra players, any idea how Brookfield is regarded? Their most recent infra fund was $20B.
Hi I am currently looking to interview on Monday and I was wondering if you have any more information on the interview process.
Bump, got an inbound for this. Any additional details on 2020 comp, hours, culture, etc? Heard $360-400k being thrown up earlier but curious to see how COVID/WFH has affected this, if at all
Last I heard, comp had not moved during WFH. Culture/turnover are definitely still issues, just take a look at the recent departures on LinkedIn...
Any idea on GIP 2022 analyst recruiting? Applied on school handshake, got an email from HR one and a half weeks ago saying looking to arrange an interview with a member from HR. Provided my availabilities, followed up a week later, still haven’t heard back. Any idea what’s going on? Thanks guys.
Wasn't even aware they had an analyst program - link?
Submitted resume on school handshake. Idt there's an external link
Update on interviews? Did they give out any offers yet?
Nope. Still ghosted. Haven’t had that HR screening yet.
Any updates on 2022 analyst interviews/offers?
The process was already completed
How do you know - did you get an interview?
anyone has experience with their modeling test? Is it a DCF, an LBO, project finance? Any insights would be appreciated.
LBO with operating model
.
Is this for Assoc recruiting or Analyst 2022 recruiting like a poster above said?
I don't know if this is part of a larger class, but from posts above sounds like the 2022 process has already closed.
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