Comments (36)

 
Jul 4, 2013 - 3:04pm

BC123:

Megafunds: KKR, Apollo, BX

Non-megafunds: Berkshire Partners, Oaktree

Agreed. KKR is probably the most prestigious for people who aren't in the industry. Otherwise, Apollo is probably the most respected by other PE firms.

Haha TPG? Watch them miss their fundraising target this cycle. As for Bain, their "operations" focus really hasn't given them any edge in recent years.

I might add centerbridge to the list.

 
Jul 4, 2013 - 5:58pm

BC123:

Megafunds: KKR, Apollo, BX

Non-megafunds: Berkshire Partners, Oaktree

Remind me, what constitutes a mega fund these days....>$80bn AUM? Would hate to embarrass myself at the next WSO circle jerk.

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 
Jul 4, 2013 - 10:23pm

Surprised to see so many people put TPG on their top list and leave Carlyle out...

Currently: future psychiatrist (med school =P) Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 
Jan 11, 2014 - 10:48pm

And the fact they have "a bunch of non targets..." means?

"We're not lawyers, we're investment bankers. We just call you for the paperwork. We didn't go to Harvard, we went to Wharton, and we saw you coming a mile away." - Suits
 
Jul 5, 2013 - 10:47am

ibplanet:

TPG hires a bunch of really smart guys. Carlyle has a bunch of non targets thrown in there.


Carlyle hires some pretty damn smart non-targets and makes some great investment choices. Not sure why the presence of non-target individuals discredits a firm.

Or were we talking about Preftige instead?

Currently: future psychiatrist (med school =P) Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)
 
Jul 5, 2013 - 2:29pm

If you want to talk about performance...Apollo's funds blows all of the other megafunds out of the water. Plus they pay like $100k more than other megafunds at the associate level.

Also, Carlyle partners V returned like 11%...better than TPG's 6% but nothing to pat yourself on the back about

 
Jul 5, 2013 - 3:18pm

bugattiveyron:

If you want to talk about performance...Apollo's funds blows all of the other megafunds out of the water. Plus they pay like $100k more than other megafunds at the associate level.

Also, Carlyle partners V returned like 11%...better than TPG's 6% but nothing to pat yourself on the back about

Tough to compare because the vintages don't perfectly match, but for boom-era vintage funds , per Calpers its
Carlyle 13.6% ('05) or 9.4% ('07)
Apollo 7.9% ('06)
KKR 5.6% ('06)
Blackstone 2.7% ('06)
TPG -2.6% ('06)

TPG's '08 fund's not doing much better, despite being raised in what will probably end up being the best performing PE vintage of the past decade

 
Jul 5, 2013 - 4:40pm

frank_reynolds:

bugattiveyron:

If you want to talk about performance...Apollo's funds blows all of the other megafunds out of the water. Plus they pay like $100k more than other megafunds at the associate level.

Also, Carlyle partners V returned like 11%...better than TPG's 6% but nothing to pat yourself on the back about

Tough to compare because the vintages don't perfectly match, but for boom-era vintage funds , per Calpers its

Carlyle 13.6% ('05) or 9.4% ('07)

Apollo 7.9% ('06)

KKR 5.6% ('06)

Blackstone 2.7% ('06)

TPG -2.6% ('06)

TPG's '08 fund's not doing much better, despite being raised in what will probably end up being the best performing PE vintage of the past decade

Not sure why you chose to only looked at '06 vintages for the other players but...

Apollo 22% ('08)
TPG 7% ('08)
Bain Cap 11% ('04)
KKR 16% ('03)
TPG 15% ('03)

Also, you said Carlyle's RECENT fund performance blows TPG's out of the water...but 9.4% on an '07 vintage was average at best.

 
Jul 5, 2013 - 5:25pm

bugattiveyron:

Also, you said Carlyle's RECENT fund performance blows TPG's out of the water...but 9.4% on an '07 vintage was average at best.

Yes, both points can be true at the same time. Not arguing with you there. Carlyle's recent returns have been average at best, and yet they blow TPG's out of the water.

 
Jul 6, 2013 - 8:20am

09grad:

Continuing to take this thread in a more educated direction, can people comment on where they are getting their fund performance numbers from? Not that i doubt you...just would like to look for myself too.

calpers is a good place to start for most of the megafunds. If you have access to preqin that will have a more comprehensive database.

http://www.calpers.ca.gov/index.jsp?bc=/investments/assets/equities/pe/private-equity-review/pe-perform-review/home.xml

 
Jul 8, 2013 - 1:20am

Centerbridge, but that's not true PE in the sense that Associates are staffed across both strategies (distressed PE and public market distressed securities).

I am permanently behind on PMs, it's not personal.

 
Jul 16, 2013 - 1:58am

I am permanently behind on PMs, it's not personal.

Start Discussion

Popular Content See all

Received my PWP rejection email!
+91IBby Prospective Monkey in Investment Banking - Mergers and Acquisitions">Prospect in IB-M&A
Is Evercore the next Bulge Bracket bank?
+24IBby Intern in Investment Banking - Mergers and Acquisitions">Intern in IB-M&A
I got a top IB SA offer thanks to WSO
+17IBby Prospective Monkey in Investment Banking - Mergers and Acquisitions">Prospect in IB-M&A
Is Liontree the next bulge bracket bank?
+16IBby 1st Year Analyst in Sales & Trading - Equities">Analyst 1 in S&T - Equities
Virtual Summer Interns - which banks sent you WFH gear?
+15IBby Intern in Investment Banking - Industry/Coverage">Intern in IB - Ind

Total Avg Compensation

October 2020 Private Equity

  • Principal (6) $693
  • Director/MD (14) $640
  • Vice President (53) $361
  • 3rd+ Year Associate (60) $272
  • 2nd Year Associate (112) $246
  • 1st Year Associate (241) $222
  • 3rd+ Year Analyst (23) $162
  • 2nd Year Analyst (52) $141
  • 1st Year Analyst (150) $118
  • Intern/Summer Associate (17) $66
  • Intern/Summer Analyst (167) $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
97.8
5
redever's picture
redever
97.7
6
Addinator's picture
Addinator
97.6
7
Edifice's picture
Edifice
97.6
8
NuckFuts's picture
NuckFuts
97.5
9
frgna's picture
frgna
97.5
10
bolo up's picture
bolo up
97.5