Top Partnerships Left on Wall Street

Interested in what everyones rankings of the top private partnerships left on wall street would be. Any comments on each of the firms/partnerships in general would be much appreciated as well.

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Comments (16)

Feb 13, 2016

Centerview, Perella, William Blair spring to mind.

Feb 18, 2016

Anybody else? Looking for comments on working at partnerships as well

Feb 15, 2016

Comp at private companies is always cash, so that is a plus. Not being bound to outside demands (i.e. stockholders, quarterly profit reports) is also nice so there isn't the same pressure to keep tighter budgets and strip down small quality of life perks. Cash comp is obviously the biggest benefit, all the other things are nice add ons.

Feb 18, 2016
cayo275:

Comp at private companies is always cash, so that is a plus. Not being bound to outside demands (i.e. stockholders, quarterly profit reports) is also nice so there isn't the same pressure to keep tighter budgets and strip down small quality of life perks. Cash comp is obviously the biggest benefit, all the other things are nice add ons.

that's not always true. You can still get equity for private companies that vest when the firm goes public. Pretty sure this happened with Moelis

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Feb 15, 2016

LionTree, Allen & Co, Raine Group I think

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Feb 15, 2016

Are firms like Centerview and Blair really partnerships in the conventional sense? My understanding is that most of the EBs, even before a bunch went public, would comp all officers with SOME level of equity, although the % of equity comp has supposedly gone up since they went public. Therefore even at a private firm you'll have the equity spread somewhat widely throughout the firm, and you don't get made "partner" in the sense of a law firm or accounting firm.

Feb 13, 2016
exemplaria:

Are firms like Centerview and Blair really partnerships in the conventional sense? My understanding is that most of the EBs, even before a bunch went public, would comp all officers with SOME level of equity, although the % of equity comp has supposedly gone up since they went public. Therefore even at a private firm you'll have the equity spread somewhat widely throughout the firm, and you don't get made "partner" in the sense of a law firm or accounting firm.

Blair advertises themselves as a partnership, but I don't know the specifics.

Apr 7, 2016

I had an interview and offer from Blair for a summer associate position so I have some insight into its structure. The firm starts considering partners at the MD level based on performance. Once a partnership offer has been extended, the new partner contributes equity into the firm, he/she in turn receives a a share of the firm's profits, which I believe make up the majority of partners' compensation. Upon retirement, a partner cashes out.

Apr 7, 2016

This is a true partnership structure. Any other "partners" at different firms are just titles because technically the company is an LLP. Being a partner requires some liability, ie limited partner or general partner. That's why you pony up the capital. Limited partner's liability limited to contributed capital, general partner liable for the balance, etc.

Feb 18, 2016

Wellington is a partnership and a top AM firm.

Feb 18, 2016

Qatalyst?

Feb 18, 2016

Robey Warshaw, Millstein & Co and Intrepid Financial Partners run by Skip McGee seems to be in a prime position.

Peter J Solomon still is if you ignore the recent 51% investment by Nataxis.

Also if you consider Allen & Co a partnership so is Rothschild.

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Feb 18, 2016

Obligatory Brown Brothers Harriman mention (based sheerly on its size).

Feb 18, 2016

Oil & Gas: Petrie Partners, Tudor Pickering, Simmons before they got bought by Piper Jaffray. Still early for Intrepid

Feb 20, 2016

hm

Feb 20, 2016