UMM vs MM vs MF PE
How do you tell which category a firm is? AUM? And what are the rough cutoffs?
Or is there another thread I can find this info?
Trending Content
| +61 | Ex Apollo Associate Q&A (But I Actually Answer) | 101 | 31m | |
| +42 | How to Model SaaS Projections for Interviews | 49 | 14h | |
| +34 | [Technical doubt]: Cash sweep and mandatory amortization | 9 | 2s | |
| +33 | Q&A - Anything about PE / MBA / Life | 43 | 2h | |
| +23 | European Megafunds (based on PEI 2023) | 17 | 2d | |
| +22 | Is internal reporting at most funds really so Excel & PPT heavy still? | 7 | 11h | |
| +22 | Partners Group Long Term | 8 | 10h | |
| +18 | Advent NYC Culture/WLB - 2024 update | 7 | 2s | |
| +18 | How is your life in PE? | 10 | 1d | |
| +17 | Moving from PE Fund accounting to top 3 rating agency | 5 | 2d |
Career Resources
There isn't really a definite answer like a BB/EB distinction. Generally, I would say a firm with $10B+ latest fund size would be MF/Large-Cap. These firms include the traditional MF (BX, Apollo, KKR, Carlyle) as well as European/Industry-Specific MF (CVC, Advent, H&F, Vista, Silver Lake, Thoma Bravo). Roughly speaking, firms with $3B+ latest fund size are UMM (GTCR, LGP, Francisco Partners). Note, many of these firms compete with the MFs, so they aren't really "middle market".
LGP raised a larger fund than Bain Cap.
You're right. I believe the LGP, Apax, and CD&R types are all former "UMM" that have such large funds now...they are pretty much MegaFunds.
bet intern!
what was the point of this comment?
0-500MM: LMM
500MM-2.5B: MM
2.5B-8B: UMM
8B+: MF
These are arbitrary BTW.
Got it, is this AUM or latest fund?
Latest fund. AUM isn't really a helpful metric.
Check size can also be useful to look at.
Sed facere eos nobis. Occaecati dolor blanditiis iure et asperiores debitis.
Placeat inventore minima doloribus voluptas. Excepturi perspiciatis perspiciatis nisi cumque molestias dolorum. Quis sapiente quia tempora rem mollitia ut. Quia quos nobis nisi sint dignissimos ipsam.
Eum nisi nemo cum harum enim cupiditate est. Natus inventore nemo iusto illo. Eum quis exercitationem et ut non explicabo. Eius sunt numquam quis necessitatibus saepe vitae. Est consequatur rem quis tempora repellendus inventore accusantium. Quod molestias est praesentium molestias.
Consectetur est vel laborum id similique assumenda ducimus. Molestiae fugit expedita voluptatem rerum natus dolores dolorem. Sit quos est fuga recusandae repellat nulla quo. Dicta aliquam id excepturi accusamus. Est a eligendi a rem ut vero ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...