What's the difference between a BB Bank's PE division, and a major PE firm?

aceman's picture
Rank: Orangutan | 373

Hi, I'm wondering what the difference is between a major PE firm such as KKR, Blackstone, TPG, Carlyle, etc, and the Private Equity division of a bulge bracket bank (such as Goldman Sachs Capital Partners, Morgan Stanley Private Equity)?

Do they do the same things? What's the difference in terms of prestige, size (number of hires per year), competitiveness, compensation, hours, etc?

Comments (9)

Aug 14, 2007

They do the same thing. They are usually not as prestigious as the Apollos and Carlyles of the buyout world. I think JPM's PE fund hires ugrads, but you'd be better off going into IB first and THEN doing PE.

Aug 14, 2007

Can you be more specific? They might have dedicated in-house PE shops, PE funds of funds, PE placement/fundraising (CSFB, Lazard, and Merrill to a lesser extent are all some of the larger PE placement/fundraising groups).

Aug 14, 2007

Placement/fundraising? That is IB. Not PE.

PE funds of funds? I don't think so. the BBs might have something like this, but that isn't what we're talking about in this thread.

in-house PE shops are what we're talking about.

Aug 15, 2007

whats the differece between asset management and investment banking ?

Aug 15, 2007
zay:

whats the differece between asset management and investment banking ?

what the fuck? why dont you google the terms before you ask such a dumb question and waste our time.

Aug 15, 2007

Asset Management:
http://en.wikipedia.org/wiki/Investment_management
Investment Banking:
http://en.wikipedia.org/wiki/Investment_banking
AM - investing in securities, real estate, etc. in hopes of gaining a high rate of return for a group of investors

IB - assistance in helping firms/governments raise capital or debt to finance organic growth or acquisitions

About the only thing that might be close to AM in banking is prop trading, but S&T is different from IBD.

Aug 15, 2007

Gotta love wiki

I'm doing an IB internship, and that's a pretty good definition. (although I'm doing only the M&A stuff)

Aug 15, 2007

danbush is a faggot, do you ever add anything to the conversations here? all i ever hear from you is a bunch of profanity-laced remarks about another person's foolish remarks. i mean if all you do is come here to berate people, what is the point?

    • 1
Aug 16, 2007
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