The TRADE

DECEMBER 14, 2023

In the same period, international accounted for $332 million in Q3 up from $311 in Q3 2022. For example, in Q3, Tradeweb reported $1.4 billion in portfolio trading average daily turnover in the US, up from $1 billion in Q3 of the year prior. Fellow fixed income titans MarketAxess and Bloomberg have also seen the same year on year growth.

Portfolio 102

Portfolio Trading IT Bulge Bracket 102

Mergers and Inquisitions

MAY 8, 2024

As I wrote in a recent update of the bulge bracket banks article , though, these points are less true today. However, they should be held accountable for something – whether that means getting fired, demoted, or barred from working for a period.

Investment 111

Investment Investment Banking Banking Bank 111

The TRADE

MAY 24, 2024

That is something that the mid and smaller brokers can access relative to the bulge bracket who don’t really see that as an important USP for the business right now. The UK market is still a much more capital-intensive market for most accounts. How does execution strategy differ in the UK and Europe?

Bulge Bracket 52

Bulge Bracket Electronics Retail Trading 52

Mergers and Inquisitions

AUGUST 16, 2023

In terms of industry focus , technology (especially “general IT,” Internet, and semiconductors) and healthcare have always accounted for a high percentage of deal activity. Here’s a good summary from this BDA report on Private Equity in China : Tech still accounts for a huge percentage of deal volume in the U.S.,

Private Equity 94

Private Equity Equities Recruitment Funds 94

Wall Street Mojo

FEBRUARY 9, 2024

. #2 – Asset-based lending It is yet another common capital source for LMM firms in which the company assets are used as collateral or security to lift loans or take credit financing lines with a typical ratio of 60% on inventory and 85% on accounts receivable. Even capital assets are used in this form of borrowing. #3

Middle Market 52

Middle Market Bulge Bracket Private Equity Investment Banking 52

OfficeHours

JULY 8, 2023

Mindset Change: From M&A To The Buyside A few years ago, I made the shift from a bulge bracket firm, where I was focused particularly on M&A, to a buyside fund investing across the capital structure. Start your journey today. When should you begin your prep?

Private Equity 100

Private Equity Recruitment Equities Investment Banking 100

The TRADE

OCTOBER 9, 2024

Given the liquidity landscape can often be more sparse or difficult to navigate, the use of local brokers alongside the bulge brackets is something Willis thinks is essential to minimise market footprint. Due to lower demand, bulge brackets will sometimes not cater for the particulars of what frontier traders are looking to execute.

Trading 57

Trading Bulge Bracket Asset Management Banking 57

Mergers and Inquisitions

JULY 12, 2023

Also, these numbers do not account for the dilution in future funding rounds. PitchBookGPT could target large banks ( the bulge brackets ) instead, as they are more willing to pay for training and productivity tools. A $50 million exit value would be a 2.5x multiple, while a $200 million exit value would be a 10.0x

Capital 52

Capital Valuation Boutique Banking 52

Mergers and Inquisitions

DECEMBER 20, 2023

Admittedly, not all banks did this, and many bulge bracket firms will start in the normal time frame of January – March. You should also start learning the technical side (accounting, valuation, and basic M&A and LBO concepts) and begin networking with alumni. bulge brackets (well, except for RBC).

Investment Banking 105

Investment Banking Bank Banking Investment 105

Mergers and Inquisitions

MAY 10, 2023

Asia-Pacific sees ~$1+ trillion of M&A deal activity per year , and SE Asia accounts for only ~10% of that (note that the first image below is only for 9 months of the year, so the full-year numbers are higher): $50 – $100 billion of M&A deal activity per year may seem like a lot, but it’s less than Canada in an average year.

Investment Banking 105

Investment Banking Bank Banking Investment 105

Mergers and Inquisitions

MARCH 22, 2023

Insure the Deposits – But this is expensive and is available only up to a certain per-account limit in most countries, such as CHF 100,000 in Switzerland and $250,000 in the U.S. First, Credit Suisse is obviously no longer a bulge bracket bank , so I’ll have to update that article. What Happens Next with UBS and Credit Suisse?

Bank 98

Bank Banking Government Investment Banking 98

Mergers and Inquisitions

SEPTEMBER 11, 2024

Per FTI Consulting , solar, wind, and “portfolio” (mixed asset) deals account for 60% of renewable M&A activity in the U.S.: Renewable Energy Accounting, Valuation, and Financial Modeling For the most part, very little is “new” here. What Do You Do as an Analyst or Associate?

Investment Banking 59

Investment Banking Banking Bank Investment 59

Cooley M&A

FEBRUARY 1, 2024

Private equity activity accounted for only 27% of tech M&A in 2023, a six-year low (and a substantial decrease from the 2021 record of 36%). There were only 16 announced take-privates of US-listed tech targets by private equity sponsors in 2023, down from 21 in each of 2021 and 2022. in 2022 to 5.9x

M&A 59

M&A Mergers and Acquisitions Private Equity Equities 59

Mergers and Inquisitions

DECEMBER 18, 2024

For example, you dont need to work at a bulge bracket or elite boutique bank to participate; you could work at a smaller bank, in management consulting, or another finance-related field (Big 4, corporate development, valuation, etc.). You need to connect based on non-work topics to perform well.

Private Equity 98

Private Equity Recruitment Equities Middle Market 98