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!  

Comments (46)

  • Prospect in IB-M&A
Aug 19, 2021 - 4:24pm

Whoa, nice. Very informative and impressive, thanks!  

  • Analyst 1 in IB - Cov
Aug 19, 2021 - 4:43pm

You do realise that the data is in the table, right? Barclays analyst cannot read a simple table, LMAO.

  • Analyst 1 in IB - Cov
Aug 19, 2021 - 5:35pm

Toss CS in that mid tier list cmon look at these placements guy 

  • Associate 1 in PE - Other
Aug 19, 2021 - 5:37pm

fantastic resource. Surprised by CS and Lazard to say the least.

  • Business School in IB - Cov
Aug 19, 2021 - 5:41pm

DB leading placements into Apollo wow

  • 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
TheBuellerBanker, what's your opinion? Comment below:

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.

  • 5
  • 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 1 in IB - Cov
Aug 20, 2021 - 10:18am

Sick graphic!

  • 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.

  • Analyst 1 in IB - Cov
Aug 20, 2021 - 4:19pm

Even with the diversity hiring you tout so much, you are not able to get something better?

  • 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 21, 2021 - 7:05pm

This would be great if anyone knows

  • Analyst 1 in IB-M&A
Aug 22, 2021 - 3:01pm

Great work OP!

Is this global or US only?

Also, what's up with Barclays and Apollo?

  • 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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  • VP in PE - LBOs
Sep 4, 2021 - 7:07am

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