Secondaries
I’ve been seeing a lot of threads on wso on secondaries and was wondering what about the space interests everyone?
How much does evercore secondaries or Blackstone strategic partners pay?
I’ve been seeing a lot of threads on wso on secondaries and was wondering what about the space interests everyone?
How much does evercore secondaries or Blackstone strategic partners pay?
+217 | A Guide to HK Investment Banking - 10 Most Frequently Asked Questions (2024) | 65 | 1s | |
+54 | What were traits of your favorite summer analysts? | 25 | 2s | |
+51 | Wharton or Dartmouth/off the waitlist | 56 | 2s | |
+50 | Best associate opp — GS or CVP? | 11 | 1d | |
+47 | Internship 101 | 6 | 1d | |
+43 | GS should remain the top choice for all undergrads interested in finance | 20 | 20h | |
+40 | Should I move back into IBD for salary? | 21 | 9h | |
+40 | Why does everyone shit on Houston/Dallas-What’s so special about NYC(genuinely curious). | 21 | 12h | |
+37 | EB Return Offer Rates | 30 | 2d | |
+35 | MS & GS vs JPM | 23 | 7h |
Career Resources
EVR PCA (Secondary Advisory) pays same/more than EVR M&A... Usually they are highest paying group.
That’s crazy, how are the hours?
Crazier.
bump
Can anyone add to the pros and cons of working in secondaries/secondary advisory? In terms of work, exit opps, future outlooks, etc.
PM me
bump
Transactional structure of secondaries is much more akin to traditional m&a, just catering to a different pool of buyers with different risk profiles.
The work is the same on the sell side. Fund level modelling, teaser, CIM, trackers, etc. No different from other product groups.
Growing space (if not already mature) and definitely the highest paying group at EVR (I know that for a fact). On a serious note, I hate hearing Evercores name because they are literally connected with every single GP/LP.
Bump. How about Blackstone Strategic Partners vs their PE team in terms of comp, career progression etc?
Strat Partners pays analysts and associates the same as Blackstones regular PE team, so very strong
How about senior levels?
Is secondaries a more attractive sector to go in as a junior compared to traditional buyout?
love to hear about this as well
Bump
Anyone familiar with Evercore PCA interview process? Specifically technicals
very crusious about this as well. Were you able to find any answers for this?
I ended up dropping out of the process after first interview (made it to second interview, but accepted offer elsewhere). In the intro call they asked about distribution waterfall, why a GP might engage in a secondaries transaction, and rationale/structuring for a continuation vehicle.
Bump
Is it an attractive space to start your career? Or are the exits more limited?
I know someone in secondaries who doesn't like it. If you're genuinely interested then go for it. but it is pretty far away from business model analysis
Aut rerum ratione molestias excepturi placeat neque repellendus odio. Reiciendis voluptatibus quam vel laboriosam reprehenderit ut quia. Dicta sunt tempore et non delectus est accusamus nemo.
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...
Aperiam iste id quas magnam. Ex molestiae quod nulla magnam quia. Id nulla et et voluptatem.
Delectus repudiandae qui rerum enim aliquid alias. Ut voluptate aperiam ut non.
Nesciunt consequuntur molestias unde nihil. Vero vero consequatur maiores vel beatae voluptas praesentium. Architecto quis soluta voluptatem cum. Quaerat officia ut ipsam dignissimos.
Recusandae quia tempore fugit sunt aut facilis amet. Totam et deserunt repellendus vitae vel in neque. Quis recusandae dignissimos error sapiente modi aut minus. Iure tenetur ab et nisi.