Private Equity Opportunities
Curious to hear any thoughts on East coast opportunities / rankings. Also if anyone is at a firm rn that wants to share their experience on an anonymous basis that would be helpful
Major names are LGP, Ares, Platnium Equity, Clearlake; prominent non-comphrensive MM names would be Marlin, Levine Leichtman, Shamrock (founded by Disney family), Redbird, and Butterfly. Rankings are going to depend on interests of what you are looking for sector / investing-style wise. Platnium is more value guys for example across sectors, Marlin is value tech investors, LGP has a very strong consumer and business services reputaiton, Clearlake is flexible capital, etc.
When would you anticipate the recruiting timelines generally?
LGP and Clearlake usually go on-cycle, but just like most firms very likely have a few spots left for opportunistic off-cycle hiring. Not sure on the rest; off-cycle hiring is as need arises with the caveat that there is usually 1-2 large waves. I think usually there's a large wave of firms within a month of the on-cyle processes and another one closer to the year mark on the desk. Unsure what that will look like this year since on-cycle was much later than usual.
What do you mean by “non-comprehensive” PE?
Sector = Non-comprehensive
Sector-agnostic = Comprehensive?
Non comprehensive as is in not listing every name; partly because not super familiar with the MM space unfortunately.
Marlin Equity is at least a tier above if not in the major category. I’d also add One Rock as one of the prominent firms.
Do any of these hire at the VP level?
For Tech PE (in no particular order):
Got any color on Altaline? Know they started last year as some sort of independent sponsor but have some type of money lined up?
Marlin and Clearlake are the strongest guys in LA for pure-play tech. K1 is fairly large but heard they are sweaty even relative to other sweaty PE shops and their pay is actually horrible. We are talking closer to half of market than actual market for a UMM fund.
Agree. All in all, K1 comp is even worse than what you mentioned, forget the culture issues. Think this is a result of the type of background they hire. Also, they're growth equity, not buyout.
Marlin hasn't raised since 2017 for their flagship US fund and associate churn has been huge. What makes them top? Is their comp good?
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