The Magnum Opus of PE Exits

The War and Piece of LinkedIn... the Bulge Bracket Odyssey.. the Magnum Opus of PE Exits! This baby took a while to produce, so please share it around to those who might find it useful.

To replicate the results, click each of the individual funds below and go to the "Frequency" tab: 

Background: Over the winter lockdown I coded a software tool that allows to crunch LinkedIn data like a boss. Using it, I am doing a series of posts analyzing the various exit opportunities in banks, consultancies and PE shops. Let me know in the comments what combo of firms or banks to do next week!  

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Comments (46)

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  • Associate 1 in PE - LBOs
Aug 19, 2021 - 7:06pm

Can you make one for Power/Infra exits? Have seen a lot of buzz there and the consensus amongst WSO is that like EQT as a stand-alone, firms like GIP ($22bn fund) reign supreme.

  • Analyst 1 in IB - Gen
Aug 19, 2021 - 7:53pm

Based on this, looks like CS is still a stronger shop to go to than Barclays / Citi for exits

Aug 20, 2021 - 2:33am

As someone who went to one of the shops you listed, I feel obligated to say it's not the magnum opus you're looking for necessarily and you should really carefully consider whether it's right for you. It's very similar to banking in terms of process management and considerably worse lifestyle. It certainly elevates your profile for the next role you take on but I'll go ahead and say 90% of the people who take on a MF role as an associate (and they're almost all type-a) will not want to continue with it due to it sucking. I am speaking from my experience so take it with a grain of salt but anecdotally I have heard the same from friends at different comparable funds

I know this wasn't the point of the post btw but wanted to make it clear given the magnum opus designation.

  • 4
  • VP in IB-M&A
Aug 20, 2021 - 10:20am

I think OP was implying that this aggregation of PE exits he put together was the "Magnum Opus of PE Exits"--not that PE itself was a magnum opus. Also the definition of magnum opus aligns more with that reading than what you're trying to say, as it would be awkward to refer to PE or the IB/consulting desire to exit to PE a "magnum opus".

  • Analyst 2 in IB - Cov
Aug 20, 2021 - 11:26am

Pretty informative and guess it confirms most of what people say on here. Another thing to keep in mind is the class size at these places is pretty different. JPM is significantly larger than MS/GS, which are a lot bigger than Lazard, etc. 

  • Analyst 1 in IB-M&A
Aug 20, 2021 - 12:16pm

Macquarie is a cool datapoint, I think it shows that as much as this website likes to argue about the same exits, at a certain point I really wonder how much of this really comes down to self selection. For example, if you worked at Goldman you likely developed around a culture that is more similar to a megafund and values large cap PE exits more. From my experience coming from an EB, many of my peers didn't end up recruiting for megafunds opting for HF's, VC, and GE instead.

  • Prospect in S&T - Equities
Aug 21, 2021 - 12:12am

Incredible post, how many years of analyst exits is this over, or do you have an estimate of class sizes for each bank? Just wanted to compute some percentages per class per year

  • Analyst 1 in IB-M&A
Aug 22, 2021 - 10:41pm

Next one for you that I think would be the most helpful for the community:

type of exit for EB's, BB's, and MM's

i.e. Megafund, Corp dev, Start-up etc. likely some limitations with what you can gather, but put constraints and proxy these to tell a story about career paths and how they differ or don't differ from each bank. Also, fascinated to see what most people exit to from banking. 

  • Intern in IB-M&A
Aug 25, 2021 - 1:27pm

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