Permira Growth (Menlo) - Tier 1 place?

Hi all, I am looking to get into the growth equity space in the Bay Area. What are the main players here and how does Permira rank against them? Any colour on work/life balance, comp as an Associate? Thanks very much!

 

 

Comments (11)

 
  • Associate 1 in PE - LBOs
Sep 2, 2020 - 6:02pm

Does Permira have a separate team in Menlo for growth? My understanding was that it was covered by the regular PE team, but might be wrong. If covered by the regular PE team then yes it would be a tier 1 shop for TMT investing - they've had some great deals and have helped lead the way for Permira's expansion into the US.

 
  • Associate 1 in PE - LBOs
Sep 2, 2020 - 11:28pm

Comp is in the $275-325k range for first year associates. Working hours are long - it's an active megafund, you're not going there for the lifestyle. Culture I'm not as sure about other than from interviewing but seemed like an okay place, think people are generally more reserved / introverted but that's pretty typical of PE as a whole

 
Most Helpful
  • Associate 1 in PE - LBOs
Sep 2, 2020 - 6:20pm

There's other info I've written about Permira Menlo elsewhere but I'll rahash some and add some new stuff since then.

 

1. Woah: these guys are sweaty. Not just sweaty, but sharp. They're relentlessly thorough and never fail to tick through every scenario planning case with robot-like precision, both likely outcomes and the far-off possibilities of what could be. They have a strong sense of value and consider more when thinking about value than do most investors.

 

2. Permira Menlo is one of the few places where I would drop everything to work there. However, to provide more clarity on the sweaty aspect, they'll throw guys from around the world on Menlo deals. You do the math when you have a guy from London, Italy, Menlo, and somewhere in the East all jockeying for calendar space.

 

3. As for people, here are two datapoints: one of the VPs is a ball-buster but that makes for a good VP, and one of the associates is chill.

 

 

Start Discussion

Popular Content See all

The lighter side of IB! (Hopefully)
+56IBby 1st Year Analyst in Investment Banking - Mergers and Acquisitions">Analyst 1 in IB-M&A
Why aren't Asians/Indians/Middle Eastern considered diversity
+33IBby Intern in Investment Banking - Industry/Coverage">Intern in IB - Ind
The "right" blue in excel
+18REby Portfolio Manager in Real Estate - Commercial">PM in RE - Comm
Leaving New York
+14IBby Intern in Investment Banking - Industry/Coverage">Intern in IB - Ind
Do I Count as Diversity?
+13IBby Prospective Monkey in Investment Banking - Mergers and Acquisitions">Prospect in IB-M&A
Is it worth leaving banking if I have it pretty good already
+12IBby 1st Year Analyst in Investment Banking - Industry/Coverage">Analyst 1 in IB - Ind

Total Avg Compensation

October 2020 Private Equity

  • Principal (6) $693
  • Director/MD (14) $640
  • Vice President (54) $362
  • 3rd+ Year Associate (60) $272
  • 2nd Year Associate (112) $246
  • 1st Year Associate (242) $222
  • 3rd+ Year Analyst (23) $162
  • 2nd Year Analyst (52) $141
  • 1st Year Analyst (152) $118
  • Intern/Summer Associate (17) $66
  • Intern/Summer Analyst (168) $60

Leaderboard See all

1
LonLonMilk's picture
LonLonMilk
98.4
2
Jamoldo's picture
Jamoldo
98.3
3
Secyh62's picture
Secyh62
98.2
4
CompBanker's picture
CompBanker
97.9
5
redever's picture
redever
97.8
6
Addinator's picture
Addinator
97.6
7
frgna's picture
frgna
97.5
8
bolo up's picture
bolo up
97.5
9
NuckFuts's picture
NuckFuts
97.5
10
Edifice's picture
Edifice
97.3