How would analysts coming from small boutiques that work on 10b+ deals (Dyal & Co, M. Klein & Co, Liontree, Robey Warshaw, etc) be viewed during PE recruiting? Are they desirable because they tend to come from target schools, hold more responsibilities, and receive unique exposure or do they face an uphill battle because their experience is less traditional and the firms are less known?
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2nd year in PE. Personally, I'd definitely give an interview to someone from a firm like those mentioned above if school, gpa, etc checks out. Those jobs are super tough to come by as there are so few slots and those analysts are certainly not a dime a dozen like analysts from other firms. Their unique experience and connections could lead their upside to potentially be much greater. Curious to hear what others have to say as well as my opinion is limited.
hi this is reassuring to hear. i currently work in one of these boutiques where we typically target deals in the $bn range - quality over quantity for us.
Big reason for me to choosing my firm over EB / BB offers I received was bc of the exposure I’d get to the senior guys at my firm as middle mgmt runs lean. Been loving my experience thus far but PE has always been in the back of my mind. I figured graduating from a strong target with high test gpa and test scores as well as a strong network ive continued following up with would
Do you mind if I pm you?
Hey this is super late but was wondering if many analysts are promoted to associate at your firm/if there is a clear promotion path if you were to stay. Thanks!
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i would think you would generally still be getting looks but will yield to those actually in pe
Bump for this. Looking at info on how Liontree and Raine are perceived specifically.
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any recruiters / guys actually in PE can comment on this?
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I think it'll depend on what people typically do at your firm, i.e. if there is a track record of placing into PE. For recruiters, some of them worked in the industry, but most haven't, so they might not be familiar with your firm. You can test this by seeing if 2nd years in your group get all the inbound emails from HHs.
In my experience, HHs will typically prioritize groups that have a strong track record of PE placement since they're getting paid accordingly. If only a few, if any, people go to PE from your group, it might be harder to get looks. If that's the case, I would reach out to HHs to set up meetings.
Friend of mine is currently at one of these banks. He came from a target (not sure of GPA though). I believe he had multiple interviews at extremely reputable shops, and ultimately secured an UMM relatively early in the recruiting process. As multiple others have already said, coming from one of these banks certainly does not close any doors to the extent everything else checks out and you are a good candidate.
did he proactively reach out to HH?
He did not for the vast majority. He thinks that these banks have now placed enough analysts into really good roles that HHs, especially for the top tier firms, have taken notice.
In my opinion (I work at a mid-tier BB), if you want to be successful in PE recruiting, you need to make sure you are in contact with all recruiters. Most will reach out, but it is largely up to candidates to make sure they have spoken to all HHs and built good relationships. Cannot emphasize enough how important it is to have a good relationship with them.
I’m in PE. I think if you come from a name I don’t recognize then it would be helpful if you reached out to me in a non-recruiting matter, for example for deal sourcing.
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