Hey monkeys, seems to be a severe lack of talk about growth equity on this forum. Was wondering if yall could shed some light on the growth equity landscape (ie. what are the top firms? how are traditional PE firms growth arms viewed in comparison? how many spots do these groups take? do they have analyst spots or only associate? do people commonly transition from IB into GE? PE into GE? if so what groups in IB/PE are good for doing so? what headhunters do these firms use? average comp compared to IB/PE? what is work like at analyst level? what is work like at associate level?) I've never seen
28 May 2020
Hello all, I have been looking through some recent posts on KKR Tech and find it surprising that a lot of people view it negatively. Is it similar to a VC-type role? I am new to the industry, so can someone tell me what are the negatives? What's wrong with sourcing deals - I thought a lot of the partners are actually young, which suggests you can climb the ladder relatively quickly? If you know anyone in this type of role, can you describe what's expected of a junior? Do you need a lot of modeling skills like you would in traditional PE or are DD and people skills more helpful here?
19 Feb 2021
Read this before reading my long post: This path is only applicable to Latinos, African Americans and Native Americans, since it is a requirement to be accepted to the program. I hope this following post provides another way (from the many great suggestions of all of the other posts) to finally land an internship This is my first post in WSO. I decided to write it because I couldn't find any posts similar to the path I took. A path that landed me a summer internship at a top firm. Many people are not even aware that it exists. Some people will argue that it is unfair, but for me, it was
26 May 2020
In the spirit of thanksgiving, I have decided to host a thread where you can ask all you ever wanted about banking or PE. Please feel free to ask away.
26 Nov 2010
I'm lucky enough to have Full-Time Analyst offers for Investment Banking from both Evercore NYC M&A and PJT NYC M&A. I know I'm splitting hairs here but I'm just wondering if any of you have thoughts if one firm is slightly better positioned in terms of exit opportunities into PE mega-funds (Apollo, Blackstone, Warburg, KKR, TPG, Bain, Carlyle) as well as top MBA programs (Harvard, Stanford, Wharton)? Appreciate any insight!
23 Aug 2019
Is it true that famous private equity firms like KKR, Black Stone, Apollo, and others recruits at undergrad level? If so then what kind of College do they recruit? Private Equity out of undergrad Private equity firms do hire undergraduates. However, there are usually only a handful of undergraduates from top schools that recruit directly into PE firms. Usually with previous experience in investment banking or private equity. Boutique firms with minimal recruiting structure can accept undergraduates too. Usually, these positions are given out based on relationships. Some private equity firms
08 Jun 2009
It's funny how a completely unrelated conversation connects to finance. I was discussing with our man James Hunt the sad decline of the sports car industry, wherein once proud and truly special marques have lost their way and are now but shadows of their former selves. Complacent in mediocrity and slaves to marketing. And then it hit me: This applies to you guys. Most of us here were drawn to Wall Street eyes all wide, dreaming to strike it rich and have our names uttered in the same breath as Kravis, Buffett, and Soros. We studied hard for it, we worked hard for it, and for some reason we
15 Nov 2010
Partially to rise to Midas' challenge/threat not to recommend any more books until we monkeys step up and start doing the same, I offer my review of this classic, which I have just recently finished. This is a book that has been on many a "Wall Street recommended reading list," and for good reason. The RJR/Nabisco buyout stood as the single largest leveraged buyout in American corporate history for 17 years, unmatched until the private equity mega-boom of the early-mid 2000s. The circuslike glee with which the media of the time reported it would have made the Bronx Zoo 1977-78 Yankees jealous.
17 Jun 2016
Hi, Does anyone have some insight about KKR Real Estate private equity or has anyone worked there or working there now? I have an interest in applying for a junior position and want to know more about it. Do they have both equity and debt funds or just one of them? How is the interview? Is it very technical? Please relay some insight about it. Many thanks!
11 Dec 2016
By pure chance, as I was looking for something inside the office supplies/storage room, I came across an abandoned old box. I almost ignored it but something caught my eye, and I ended up digging up this old deal tombstone... arguably one of the most famous deals in modern financial history. It probably belonged to someone who used to work at Drexel before coming to my current firm and he forgot it or didn't want it anymore when he retired or left the firm. I thought it was kind of cool so I wanted to share with the WSO community.
21 Jun 2014
I am currently in IB in an energy group, but looking to move to Chicago when i jump to PE. On Apollo's website, they have Chicago listed as one of their offices, but on linkedin / WSO there's no trace of them. Is the Chicago office of Apollo mostly support / administrative roles? Suggested alternatives in Chicago?
08 Nov 2017
Hi Monkeys, Long time lurker here. Decided to create an account because I am eager to learn more about the large private equity firm opportunities and recruiting in the Middle East, in particular Dubai. Have seen limited information about the topic. I know some shops like KKR, Carlyle, and Blackstone have offices there. How large are they? How does the experience compare to London / New York? How is compensation? Also interested to know about the private equity recruiting cycle and practices there. Do they poach second year IB analysts from banks in the region? Do they take more experienced hires? Would they look to hire someone that has been working outside of the region / not Middle Eastern? Would appreciate any insight!
10 Aug 2012
Now that Evercore's M&A NYC Analyst class is getting bigger (~50 Analysts) and they are placing Analysts into groups earlier - I was wondering what the top groups at Evercore are considered to be? I'm interested from a deal flow perspective, prestige perspective, and best exit opportunities into PE mega-funds (Blackstone, Apollo, KKR, Warburg, Carlyle, Bain, TPG). Specifically for NYC and specifically for M&A.
23 Aug 2019
A consortium led by Kohlberg Kravis Roberts agreed on Wednesday to buy the Samson Investment Company, one of the largest privately held energy companies in the country, for about $7.2 billion. It would be one of the biggest leveraged buyouts since the financial crisis. Under the terms of the deal, K.K.R. and its partners will buy all Samson assets except the company's onshore Gulf Coast and offshore deep-water Gulf of Mexico facilities. Those will continue to be owned by Samson's founding Schusterman family, which is still based in Tulsa, Okla. K.K.R. is teaming up with an eclectic group: Itochu, a Japanese conglomerate, and two other private equity firms, Natural Gas Partners and Crestview Partners.
23 Nov 2011
So it seems the megafunds have set a new early record for the recruiting cycle, kicking it off last week. It's my understanding that the megafunds (i.e. KKR, Blackstone, TPG, Carlyle) as well as some other large PE funds are pretty much done recruiting already. Does that mean the middle market ones will start in a week or two, and all PE recruiting for 2012 start dates will be done by end of March? Thoughts?
08 Mar 2011
I hear this question asked all the time and I would just like to know how you guys would answer this question? How do you go about answering this question? Also could be for hedge fund interviews or private equity intervies. Thanks Orchid
27 Mar 2011
Guys, does anyone have any information on KKR's Special Situations team in London. It's part of the Credit team. Any information on work culture, compensation etc would be great.
25 Nov 2014
Hi Guys, Currently have a FT lined up at BB in EMEA DCM FIG, (think GS, MS, RBS) having completed SA at MM PE shop think (KKR, CVC, 3i), but debating whether to accept FICC trading offer at PWM boutique specialising in EU CDS arb. What are your thoughts regarding exit opps? Ultimately want to be a BSD at my own HF/PE having completed a US MBA at HBS or LBS in UK and leveraging my network of potential future MD/CEOs, or do I need the CFA as well? SBs for helpful posts. Thanks.
11 Dec 2011
Hi Fellow Prospects, Wondering if anyone here had a seat at one of the KKR info sessions for SA 2022 in Private or Leveraged Credit; I think I found out way too late and did not receive links to the Webinars for both. Are they sending out apps after the webinar? Thanks in Advance
22 Mar 2021
just thought this was interesting. we've all heard rumors but this is finally something concrete. "KKR plans real estate investment drive after key hire Kohlberg, Kravis & Roberts, one of the world's largest private equity firms with $61 billion of assets under management, is set to embark on a global real estate investment drive. PERE can reveal that the New York-based firm, led by Henry Kravis and George Roberts, has hired former Goldman Sachs Whitehall Funds co-chief operating officer Ralph Rosenberg from Eton Park Capital Management to lead its efforts in the asset class and to build a team. He becomes the first dedicated real estate professional at the firm since its inception."
08 Mar 2011
Hi everyone, I few weeks ago I joined one of the biggest pension funds in Mexico (Over 50bn usd), specifically in the Private Equity division, as an Infrastructure&Energy Analsyt after being 2 years as a market risk analyst in another pension fund, so pretty good job in FO buy side as LP (Limited Partner). But now, almost at the same time I started my new job, I got contacted to start the recruitment process at GS in IBD as an Junior Analyst. I know the most common thing is going from IB to PE, but this PE is referred as KKR, Blackstone, etc. but what about PE from the perspective of a pension
10 Mar 2021
Hi all! So I currently live in NYC, but recently accepted an offer out of state. Unfortunately, I still have 7 months left on my lease, so I'm looking to sublet it out. Here's the basics: REAL 2 bed / 1 bath (rent is for one of the bedrooms. Roommate is early/mid 20s at a major bank) PRIME location in SoHo on Spring St. and Lafayette. Right on top of the Spring St. 6 train, 3 blocks from BDFM and NR, walking distance to JZ, ACE and 123 (easy access to Midtown, FiDi, wherever you work). Even with the hot location, apartment is in the back building so it is very quiet (though when you walk downstairs, there are 3 bars on the block, flagship Duane Reade, some of the best food and shopping in the city, etc)
12 Jan 2012
A few summers ago I worked for my state's treasury as a summer intern doing grunt work (Scanning, coffee, etc.). Yesterday my old boss introduced me to the Senior Investment Officer responsible for my states investments in Private Equity funds. People at the treasury have told me he's been doing this job for 24 years and that he's on the short list of every PE firm, from the large like KKR to the small like the Riverside Company. Rumor has it according to one person I know that he could connect me with the right people to get an internship at a great PE firm this summer. He gave me his card and told me to call him sometime.
24 Feb 2013
Hi all, I have a first round interview coming up with KKR's Real Estate Credit team and I was hoping someone here could shed some light on what to expect/how I should prepare. Any help is appreciated! Thanks, Tim
29 Nov 2018
Anyone who's read Moyer's Distressed Debt Analysis might remember the example in the introduction where Oaktree scooped up a failed KKR buyout, then flipped it for a profit. I was amused to see this article today: "After courting collapse for months, Masonite International Inc. made a prenegotiated bankruptcy filing on Monday...The filing by Masonite, which New York private equity firm Kohlberg Kravis Roberts & Co. owns,was no surprise...The buyout shop acquired Masonite for roughly $2.7 billion in April 2005...The restructuring would essentially cede control to holders of Masonite's senior secured debt, with Centerbridge Partners LP and Oaktree Capital Management LP the largest such lenders...KKR sank $552 million of equity into the buyout."
17 Mar 2009
http://www.businessinsider.com/kkr-looks-like-its… Anyone know how KKR's fundraising is going for their latest buyout fund? Heard they've been having a rough time
01 Jul 2015
Oasisers, I was looking at a capital structure that was comprised of 2 tranches of senior debt and 3 tranches of mezz below it. The interesting part is that the 1st piece of mezz after the 2 senior tranches has the lowest interest rate in the entire capital structure 6.10%(mezz 1), while the 2 senior above it have 7.04% (sr 1&2) interest rates. The other 2 Mezz pieces below the 1st Mezz rightfully have higher rates at 7.10%(mezz 2) and 8.41%(mezz 3). Can anyone explain how this is possible? To my understanding the more senior you are in the capital structure the lower the cost of debt. In this
10 Feb 2011
So I applied to an Investment Analyst position in KKR Prisma, the hedge fund solutions division of KKR. I sort of just speculatively applied and I don't really have any background in finance being a Stats/Comp.Sci. double major. So do you guys have any suggestions on preparing for the interview?
10 Jan 2015
I'm interviewing for a part-time fall internship at KKR in their Client and Partner Group. The internship description tells me that my responsibilities include: "- Client Relationship Management ("CRM") system administration/management - Support client relationship and fund raising activities - Financial and market research (eg Thomson Financial, Capital IQ, Bloomberg) - Collaboration with various internal divisions" Quick Google search hasn't told me much more about this Group, but what it looks like I'm interviewing for is a sort-of PWM internship at a megafund.
05 Aug 2011
I am a Upenn LPS grad. I have a poli-sci degree with a minor in econ. I have read that some of the employers in IB look at transcripts. I worked hard to get into LPS, including getting high scores on the SAT. I have a good academic record, but although I have a traditional ivy league diploma from CAS, my transcripts say that I graduated through the LPS division because I am a non-traditional, which brings me to asking you three questions: 1.) Will BB IB care about the nomenclature on my transcript? 2.) To what extent will they care? 3.) Will BB and IB employers ask for my transcripts? This is
05 Jan 2018
I recently ran into this article on The New York Times Dealbook, where K.K.R.'s newest investment product, which caters to investors that are looking to commit a lower than average amount of capital, is described.
02 May 2014
I'd like the input of people who have worked at these firms. I'm doing an elite boutique internship this summer (think Lazard, Evercore, Greenhill, etc.) and I did a Goldman IBD internship after my sophomore year. I've also have quite an impressive academic record from a target (not some BS one like Dartmouth either). What's the best way to position myself for interviews with PE firms after my summer internship? Oh, and unless you actually have some useful input, I'd prefer you to stay out of this thread because moron blabber, while amusing, is a waste of my time.
25 Mar 2011
Hey guys, I have a phone interview for the KKR Capital Markets/Credit Investing group tomorrow, and I have a few questions. I'm currently a sophomore, and haven't had too much finance experience before. During this recruiting season, I prepared pretty well for IBD/AM-type interviews, but capital markets is a completely new realm for me. What kind of questions are usually asked? I've also been looking around, but can't really find anything on credit investing, and I was hoping you guys would be able to help elaborate a bit on that. Thank you so much ahead of time!
22 Apr 2013
Hi monkeys, Was just offered an operations position on a leveraged derivatives team at KKR. Should I take this job? Currently I work in Ops for a large BD and am actively pursuing credit analyst roles and boutique IB roles. The operations work I do now is mind numbing. Is this Operations job at KKR another dead end? The team I would be working with every day is small and growing - 5 people who are all in FO positions. They're analysts, associates and MDs, which makes me think I could leverage that facetime into something more analytical. Should I go for the job cause it's a major PE firm? Or
15 May 2018
Looks like KKR is officially in the game for Walgreens Boots Alliance what could be the biggest LBO ever - any comments on this? I think this is the top-of-the-market/PE industry. What can KKR do after they take them private, what's the exit strategy for them ? I am not familiar with the US pharmacies and drug stores market but it looks like they where already cooperating in the past, right ?
11 Nov 2019
I have a friend who had offers for undergrad summer internships from Goldman Sachs SSG, Bridgewater (Investment Associate), Citadel, and KKR and Blackstone PE. What would you all take if you could essentially work anywhere you wanted? Any of the above? A different group at Blackstone or another hedge fund? Something else? Which path would give you best long-term prospects and safest path to make 9 figures?
29 Mar 2014
WSO, I come to you with a real conundrum. For the past 2.5 years, I've been salivating over the prospects of one day making it to the promised land of the (emphasis on the) Goldman Sachs. Like a good little monkey I dreamed of being MD and shaking and and closing deals every day. Fast forward to now, I'm 3 months on the job at a "top group" (TMT/FIG) at GS and find myself miserable.
10 Oct 2013
I've used the search function and no quality thread answering this question came up so I'll just ask it. What's the hierarchy like? I know most of the time you start at Pre-MBA Associate(or analyst straight out of UG) but what's after that? Pre-MBA associate 2 years MBA 2 years Post MBA asscoiate? 3 years ? VP ?? 4 years ?? SVP ?? 4 years ?? Partner ?? After MBA, the picture is unclear for me. Do most PE firms have an "up or out" system like banking? Can you please also list the years the typical guy would spend at each position? Understanding the Private Equity Hierarchy This has been
15 Oct 2011
Has anyone heard about/been invited to this KKR recruiting breakfast in NYC? I've been searching across the forums and the internet about the event to try and prepare but I've found nothing. Do a lot of people get invites? Does it have any influence on potential employment at KKR?
22 Jul 2019
Does anyone have info on KKR's Client & Partners Group?? This is all I could find on their site: Our group of experienced fundraisers and capital market professionals with significant expertise in deal structuring and distribution. Thanks
29 Mar 2010
Hey guys, I have been called for a first round interview by KKR for their private equity team. I will be meeting the head of the office (Asia). I was told there would be a round of case studies and case analysis. Since I do not know anyone who has been through the process, I would appreciate if anyone threw some light on what I should expect. Thanks
06 Mar 2009
What does the typical Private Equity analyst have in common with a professional basketball player? Other than being ballers; they are both getting drafted younger and younger, far more so on the basis of potential than that of proven skill. Taking a page from the David Stern manual, Private Equity mega funds like KKR, Blackstone and TPGare making analyst recruiting more of a speculative endeavor than ever before.
10 Mar 2011
Hi everyone, Title says it all. Does anyone have any color on: Ares Capital Markets KKR Asset Management Oaktree In terms of culture, pay, what they look for? Thank you very much. I don't have offers, but have a contact who would be able to help me out with an internship/job and wanted to know a bit more.
17 May 2011