How have GHL exits been?

Had a question on GHL recruiting. I've heard they've had recent uptick in their deal activity, and I'm intrigued by their culture/generalist structure/class size? However, I don't know as much about their exits vis-a-vis the other EB's...how has MF recruiting been in recent years, and what outlook do you have on the future? I know LAZ/EVR have traditionally done well, but those class sizes seem to be much bigger (or have ballooned recently, in the case of EVR), so I suspect "per capita" placement may be better at a GHL going forward.

 
Best Response

People on this forum have been talking about how they're "declining" - I'm not here to comment on the caliber of the dealflow or the viability of the firm going forward.

From what I saw (and I went to one of the schools they took kids from without fail), there wasn't any concentration to where analysts placed. I wouldn't say they sent kids to anywhere "a lot" ... it seemed really meritocratic, where if you had good grades, came from a good school, and knew your shit, your placement could be way better than the kid next to you with lower grades, a worse school, and worse technical ability/deal knowledge.

Fairly recent placement I can confirm (across ~five years):

Metalmark, Providence, Bregal Sagemount, Eminence, Catalyst, Third Point, Silver Lake, TA Associates, General Atlantic, Riverside, Vestar, Cerberus, Apollo, Pegasus, Permira, Colony (REPE), BDT, Lindsay Goldberg, First Reserve

I am permanently behind on PMs, it's not personal.
 

Thanks for the helpful response, looks like a pretty wide range but solid exits definitely available. Any idea on how this compares to other EBs? Specifically, do others potentially have a higher "floor" for exits? I don't know what PJT and MOE (NY) look like in this regard at all, for example, and EVR/LAZ both have bigger NYC classes than one might expect.

 

Can confirm current crop of second year placements include NMC, Providence, Silverlake, Oak Hill, Vector,and Warburg. Concur with the list above and want to add I think there have been recent placements at MDP, Golden Gate and Ares.

I think the thing with GHL relative to other EBs is that a higher percentage of their analysts go buyside because there isn't really an Analyst to Associate path there. You're also asking kinda a silly question. It's not like you can go to Greenhill and place but go to Moelis and not place (or the other way around). You'll get interviews at both and then it's up to you.

 

I see your point, but is it not true (especially when there are low single digit slots and dozens of interviewees) that bank name recognition/familiarity can play a fairly large role in the recruiting process, even heuristically? If I had a (old) BX R&R kid and a CS kid who got interviews and they both did well technically, wouldn't the former get the job?

 
flipcup:

I see your point, but is it not true (especially when there are low single digit slots and dozens of interviewees) that bank name recognition/familiarity can play a fairly large role in the recruiting process, even heuristically? If I had a (old) BX R&R kid and a CS kid who got interviews and they both did well technically, wouldn't the former get the job?

Not necessarily. Prestige matters to get into the HH top stack, but once you are in the room those details are marginal.

Bank/group recognition matters the MOST to headhunters who rank resumes and decide who to send.

 
RoleTied:

I don't think there's a real difference between any of the EBs when it comes to prestige though. I think maybe PWP and essp Guggs will have a harder time and PJT might get a slight edge for like a year but between no HH is gonna automatically think a Moelis kids better than a Lazard kid or whatever.

To be honest.. After a certain point School matters more than group. There is very little incremental difference between GHL, Moelis, Laz... But in the eyes of a headhunter there is a difference between Wharton and Penn State. If you check both boxes (school and group) then you will get looks. It is all incremental after a certain point
 

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