Private Equity firms in LA? Reputations, culture, compensation?

dontbugme's picture
Rank: Gorilla | 652

Hi all, I wanted to ask and glean a more updated view of PE funds in LA. The ones I'm interested in are Ares, Oaktree, Platinum, Aurora, Marlin, Pacific Coast (or others I'm missing) in terms of returns, reputation, culture etc. Would love any thoughts! Thanks!

Comments (26)

Dec 14, 2017

Any thoughts anybody? Would be super helpful!

Dec 14, 2017

Clearlake, Gores, LGP, Brentwood are all very strong in terms of returns and rep. I've heard culture at Clearlake and Brentwood in particular is great. I would assume comp at all these large shops is pretty good..One thing to consider is each of these firms have very different investmetn strategies (i.e. Gores/Platinum=value; Brentwood=growth)

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Dec 14, 2017

I can comment on the larger LA PE shops. Oaktree, Leonard Green & Partners and Ares are probably the largest/most well known/prestigious shops based in LA. Leonard Green and Ares are also one of the few prestigious PE firms that hire straight out of undergrad (although they rarely hire outside of schools like Harvard, Wharton etc.). All of these firms have an unbelievable reputation. Leonard Green has been known to keep their team small (harder to break in) while Ares and Oaktree have a larger headcount. Oaktree is also solid in the distressed debt space

Feb 12, 2018

Insight on which recruiters they use?

Dec 14, 2017

Thank you so much both! Do either of you have insight on Platinum, Pacific, or Marlin?

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Dec 15, 2017

Have worked with Platinum a few times and know some of the guys on that team. Used to be pretty fratty, but has changed in the last 5 years (largely due to some newer hires). Overall, very solid reputation and better culture than similar sized firms.

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Dec 15, 2017

LGP and Oaktree are clearly the top in terms of reputation, pedigree. It's been awhile and I'm sure comp structure has changed, but those two firms also paid very, very well. Ares is also a huge player but I've heard negative things about culture.

Have heard bad things about culture at Platinum, Clearlake and to a certain extent Marlin. But those firms are clearly doing something right because they're all continuing to grow and raise new funds.

Dec 14, 2017

I've also heard negative things about Ares' culture - don't know how true this is though

Best Response
Dec 22, 2017

it's true lol

    • 2
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Dec 15, 2017

Cross-reference Gores and Platinum for a good time read

Dec 15, 2017

Platinum & Gores: Agree with above that it used to be overwhelmingly frat boy culture. Nothing wrong with that if you played sports, was in a fraternity or sorority and maintained your grades while in college.

Ares & Oak: Too big to have any sort of stereotypical culture. I agree that Oak performs well in the distressed debt space. Also Canyon Capital Partners.

Guggenheim's PE division made some noise when they acquired the Dodgers with Magic Johnson and his consortium of LP's.

Fortress also has a presence in Century City.

Dec 14, 2017

Does anyone know how analyst recruiting works at LGP / Ares / Oaktree? Like is it all on campus interviews at Ivys or is there more of an informal process?

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Dec 22, 2017

freeman spogli, levine leichtman, colony capital

Dec 26, 2017

Hear really bad things about Ares. Know several kids who received offers (2-3 years ago) and turned them down. Also heard similar from people at the MBA level

Dec 14, 2017

Has anyone heard more about Freeman Spogli and Marlin Equity in terms of reputation, culture, and bschool ops? Seems like a few people mentioned both here

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Dec 14, 2017

Anybody on freeman/Marlin/Clearlake?

Dec 14, 2017

Bump

Dec 14, 2017

Bumping because the above seems pretty inconsistent on Clearlake. Thank you both for commenting, however! Would love if anyone has more color

Apr 18, 2018

Interested as well in Marlin/Clearlake/Freeman/Brentwood. Anybody know if the ones mentioned above take consultants? Looks like Marlin does from their team page but anybody else?

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Feb 12, 2018

Bump on Clearlake

Dec 14, 2017

Some folks PM'ed me about Clearlake if you'd like to DM me. Can also post publicly for others to see if helpful

Apr 18, 2018

I work in LA upper MM PE. Feel free to DM me.

Apr 18, 2018
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Apr 18, 2018