Why the lack of interest in BB PE/investing funds?
I know that BBs (and other banks, such as Rothschild & Co.) typically have funds they invest out of, some of which have been discussed on the forum (ex. GS Special Sits Group, Morgan Stanley Capital Partners, etc.). However, I notice very little discussion or coverage of these groups in the banking exit conversation. Why isn't there as much attention paid to these funds as traditional MF and UMM PE firms? Does it have something to do with recruitment, comp, prestige, sheer lack of transparency, or some other factor?
Because they suck. Just look at their exits
-
As said above - with few exceptions, these are not MF/UMM. You are taking a MM/LMM role while also retaining the frustrations, inefficiencies, and comp haircut (bank P&L > the fund's carry) that come with working at a 20k+ person company.
GSAM is a strong platform but is a full-fledged AM business rather than just a PE fund, and believe their PE side of it is or used to be somewhat focused on FoF-type investing rather than traditional buyout PE.
There's a reason you don't see BB names in headlines like MFs for big buyouts - they do not do them, they'd rather advise on them and fund the debt.
even if not MF/UM, can you recruit out of there for MF/UM or MBA down the road? seems like a way to keep a good brand and optionality, but maybe im missing something?
You're not working on MF deals so would be challenging to lateral up like that. The banking brand doesn't really help when your experience is not relevant.
And yes it's likely a bigger brand than joining some random MM, but once you have 2 years of a BB on your resume you've kind of checked the brand box
what about from gs capital partners?
Rerum et pariatur quia expedita veritatis ut. Alias ipsam cum eaque. Adipisci labore quia sed distinctio et. Esse est similique quo doloribus voluptatum minima numquam. Impedit molestiae in at incidunt ex dolor reprehenderit.
Velit quae voluptate omnis eum dolores. Reiciendis est qui dolores est id impedit praesentium quis. Eaque id quis molestiae quo laboriosam et dolores.
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...