LA PE Firms Rep / Culture - LGP, Ares, Platinum Equity, Marlin Equity

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Hey everyone,

I saw an outdated thread on LA PE firms. I am mainly seeking to look feedback on the rep / culture / success for the following firms: LGP, Ares, Platinum Equity, Marlin Equity

Any information would be great - thanks.

Comments (51)

 
May 13, 2020 - 4:10pm

I can comment on a few. LA overall is a growing PE market with more demand for jobs, given lifestyle and better culture and intersection of consumer tech and media.

LGP known to be to be solid investor, consumer retail focused but does the occasional TMT and industrials deal. small team, ok culture, pays above street, interview process is very investment thesis focused and will ask a lot of various business models and views on those. standard LBO test with CIM, expect to present to a room of 3-4 people including a partner usually. Expect a private company but larger size of the case. 90% on cycle with 1-2 spots maybe off cycle.

Marlin - top 10% returns across PE funds period. extremely diligent and disciplined about their investments. focused on software but does some tech services. AUM expected to grow quickly in the next year. interview process is standard but again tech centric. 1-3 rounds over the phone, in person superday that takes like 2/3 of a business day with abridged CIM, 3-statement LBO, and a series of interviews with partner VPs and senior associates. they go on cycle for 80% of spots with the remaining off cycle but no guarantees on timing. usually late in the year.

Ares - top tier firm, bad culture, bad hours, cutthroat promotion standards, good pay. difficult interview process and they go on cycle. if you can make it here, you can generally make it anywhere.

Apollo - same as Area. had 1 interview there. guy was a hardo. immediately didn’t want to continue.

 
  • Associate 1 in PE - LBOs
May 14, 2020 - 12:01pm

WarrenBuffettreal:

Ares - top tier firm, bad culture, bad hours, cutthroat promotion standards, good pay. difficult interview process and they go on cycle. if you can make it here, you can generally make it anywhere.

Was this gathered from your own recruiting process? Just wondering if this was a few years ago or more recent as I have a peripheral friend that works there and had great things to say about the people he works with and the hours (when not on a live deal lol). He also echoed that the interview process was tough and pay was great.

Array
 
May 13, 2020 - 1:59pm

All are pretty top notch shops in terms of reputation. I think deciding between them depends more upon which types of deals you are interested in.

LGP does very well in the consumer goods / business services space. Ares and Platinum focus more on distressed deals / searching for bargains. Marlin focuses on software.

 
  • Business School in PE - LBOs
May 13, 2020 - 2:24pm

Echo above on Platinum. LGP seems like they're really nice people based on my interactions. Marlin also seems like a good culture - interviewed with them. They used to be value but have shifted more to growth. Ares is a bit of a black box to me but I know they pay above mkt. For me personally LGP would be the best gig in LA.

 
May 14, 2020 - 4:17pm

From what I've seen, there's a ton of senior ppl at Ares that are associate promotes, so I'm surprised to hear their culture isn't great if people are staying that long. Also know their pay is top notch. Marlin's performance has been top quartile and the place to go if you want to do software, but have heard mixed things on culture

 
  • Analyst 1 in IB-M&A
Aug 29, 2020 - 2:56pm

can anyone speak to brentwood or seidler

Array

 
  • Analyst 3+ in PE - Other
Aug 30, 2020 - 1:16pm

I work at Ares. 70-80 hours a week.

Array
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