Which EB place best into PE?
I've heard that some elite boutique banks are feeders to megafund private equity. Which EB banks are these?
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Barring PJT RX which easily takes the cake, Evercore and Centerview place the best.
No because the brand still remains strong, and PE firms / headhunters aren't going to really consider layoffs as indicative of analyst quality.
For the record, Centerview has never placed a single person into Apollo, BX, KKR, H&F, or Silver Lake. Which makes it hard for me to buy that it’s one of the “best” EBs for PE placement.
hey man - found ur post hard to believe so I did a quick search and this is the firm they placed at and associate class year:
Warburg Pincus (2019) TPG (2019) - Quit 1.3 years into the 3yr program for an analyst seat Carlyle (2019) Advent (2019)
The analysts all spend the 3 years cuz of the bonus lockups but all tend to place well into MM PE firms which represent more seats than MFs.
As someone at one of those firms, those guys get solid looks and your statement is false. There's really a baseline threshold for getting into our recruiting process and CVP guys make that cut when they want. Please don't spread fake news like that
Where does Lazard sit on this list?
Once you’re at a top EB it really comes down to you (effective “story”, articulating what you’re looking for to hhs, interview skill, reputation/support from senior bankers, etc.) Essentially, if you’re at Evercore M&A or rx, PJT M&A or rx, Centerview, Moelis or Lazard (arguably slightly weaker) you can go pretty much anywhere. If you’re shooting for distressed HFs then rx will give you an edge, but seriously having known analysts at all of the above firms, if you’re not an idiot you’ll get the interviews, the rest of it is up to you. To above poster’s point about Centerview, I think self selection explains underrepresentation in MFs associate classes; many of their analysts take the generous A2A promote instead.
Overall, would you get a better shot at MF PE from a top BB or top EB?
That’d be splitting hairs. Again, you’ll get the interviews, the rest is up to you. I would recommend making the bb/eb choice (assuming they’re in the same tier; evr/pjt vs ms/gs etc) based on where you think you’ll be happiest and thrive best. Both can be great but there are a ton of small differences that become very meaningful when you’re spending 80hrs per week there
Have seen lots of great exits to MFs from Evercore and PJT. But do remember that a number of top candidates exit straight to HFs as well. Moelis and Centerview place well as well, with Lazard falling behind slightly more recently especially in the US. Unless it's Evercore/ PJT, I'd focus on fit with the group and your analyst/ associate class more than anything else.
How about in Europe, which EBs are particularly strong in placing people into MFs?
definitly not Moelis, neither London nor Frankfurt office has sent anyone to a good PE
Agree. Moelis in Frankfurt is dead.
Seconded to the Europe point above^...
How does PWP fair in the recruitment game?
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