Mergers and Inquisitions

JUNE 21, 2023

You’ll also see a fair number of deals in the financial sponsors group due to the many sovereign wealth funds in the region. bulge-bracket banks , such as JPM, GS, MS, and Citi, always rank well in the league tables. The other bulge brackets (BofA, Barclays, UBS, and DB) tend to rank lower, but this varies each year.

Investment Banking 105

Investment Banking Bank Banking Investment 105

Mergers and Inquisitions

APRIL 5, 2023

But one possible exception lies in sovereign wealth funds (SWFs) , which are similar to funds of funds in some ways. I’ll address all these points here and cover the advantages and disadvantages of SWFs, but let’s start with the definitions and overview: What Are Sovereign Wealth Funds?

Recruitment 59

Recruitment Funds Private Equity Investment 59

Mergers and Inquisitions

AUGUST 16, 2023

As with PE in many other emerging/frontier markets, it’s more like growth equity than traditional roles at middle-market PE firms and mega-funds in the U.S. For example, Sequoia is an international firm with USD and RMB funds in China, while domestic VC firms like Qiming Ventures have raised USD funds abroad to invest in China.

Private Equity 94

Private Equity Equities Recruitment Funds 94

The TRADE

DECEMBER 14, 2023

The protocol appeals to the sell-side for several reasons, namely the fact that they can take a basket of securities and use them in other trades, special purpose vehicles (SPV) or, importantly, the exchange traded fund (ETF) create and redeem process. The tool’s popularity has swelled in recent years, thanks to market conditions.

Portfolio 104

Portfolio Trading IT Bulge Bracket 104

Mergers and Inquisitions

JULY 17, 2024

based bulge brackets (GS, MS, JPM, Citi, and BofA) are the strongest international banks, and Avendus, Kotak, JM Financial, ICICI, and Axis are the strongest domestic firms. Among the bulge brackets, the U.S.-based based firms (GS, MS, Citi, JPM, and BofA) tend to perform best. Europe, and other regions.

Investment Banking 59

Investment Banking Bank Banking Investment 59

The TRADE

OCTOBER 18, 2024

But the headwinds have subsided, and the tailwinds have finally arrived in the form of new fund launches, a rise in allocations and increasing returns for funds, not to mention the continuing emergence of multi-strategy hedge funds. That’s adding a level of interest in the sector again by allocators. billion in 2023.

Funds 69

Funds Broker Bank Banking 69

OfficeHours

JULY 8, 2023

Yes Not yet There’s a process and art to this and I wouldn’t go in unprepared is all I will say… Access our Free Headhunter Documents from our PE Platform here 5 Questions Headhunters Ask Investment Banking Analysts Headhunters are the gatekeepers to many buyside jobs including those in private equity, growth equity, & hedge funds.

Private Equity 100

Private Equity Recruitment Equities Investment Banking 100

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 probably won’t be able to get a “real” IB internship, but you can find some good alternatives: Search fund internships. bulge brackets (well, except for RBC). Wealth management.

Investment Banking 105

Investment Banking Bank Banking Investment 105

Mergers and Inquisitions

MAY 8, 2024

Also, it was easier to use IB roles to win private equity and hedge fund jobs , as recruiting started later, and there was less competition. As I wrote in a recent update of the bulge bracket banks article , though, these points are less true today. After 2008, pay went down across the board for all finance roles.

Investment 111

Investment Investment Banking Bank Banking 111

Wall Street Mojo

FEBRUARY 9, 2024

Example #2 Monomoy, a private equity firm, has created a new credit fund that introduced a niche in the LMM secondaries. The fund has a value of $300 million and is likely to focus on buying the first lien term loan credits, including the senior secured notes on LMM companie s in the secondary market across different sectors.

Middle Market 52

Middle Market Bulge Bracket Private Equity Investment Banking 52

The TRADE

MAY 24, 2024

We have seen a stabilisation of money flows in recent months, global funds are returning to the UK, while we continue to see outflows (mostly to US) of domestic asset managers. An evolving product of ‘de-globalisation’. Brexit clearly did not help, nor help the perception of UK equities. The path of travel is very clear.

Bulge Bracket 52

Bulge Bracket Electronics Retail Trading 52

The Deal

AUGUST 15, 2023

Savvy Gaming Group , funded by Saudi Arabia’s Public Investment Fund , agreed to pay $4.9 Bulge-bracket deal expectations may also be a factor. “I Video game M&A topped $6 billion in the second quarter, S&P reports, which was the highest quarterly total since the Microsoft announced the $68.7

S&P 52

S&P Bulge Bracket Entertainment Mergers and Acquisitions 52

Mergers and Inquisitions

OCTOBER 18, 2023

Note that while Leveraged Finance is technically in “capital markets,” it is closer to groups like M&A because most of the work relates to funding for acquisitions and leveraged buyouts. If you want a long-term finance career (stay in banking or switch to private equity, corporate development, hedge funds, etc.),

Investment Banking 59

Investment Banking Capital Market Recruitment Capital 59

Mergers and Inquisitions

FEBRUARY 2, 2022

Meanwhile, Goldman Sachs paid quite well, with many Associates in the $400K – $500K total compensation range, and various other bulge bracket and middle market firms followed suit. Of course, the compensation ceiling at the top in PE, hedge funds, etc., at some smaller firms.

Investment 130

Investment Investment Banking Bank Banking 130

Mergers and Inquisitions

JANUARY 10, 2024

To advance and move beyond the VP level, you do need sales skills , which not everyone has – this is why the more analytical candidates often leave for private equity and hedge funds in the early years. It’s usually a 50-hour-per-week job , which is significantly better than the 60, 70, or 80+ hours required in IB.

Investment Banking 59

Investment Banking Management Bank Banking 59

Mergers and Inquisitions

FEBRUARY 28, 2024

For the right person, though, fixed income research can be even better than equity research, whether you’re at a bank, an asset management firm, a hedge fund, or a credit rating agency: Table of Contents: What is Fixed Income Research? closer to the work at a quant fund ). Also, it can be quantitative or fundamental – or both! –

Equities 59

Equities Asset Management Debt Recruitment 59

Mergers and Inquisitions

MARCH 22, 2023

Do Not Use Customer Deposits for Funding – Some financial institutions operate like this, but it’s much more expensive, so they need to make riskier loans and investments to profit (think: mortgage REITs and business development companies). .” with flying colors ! What Happens Next with UBS and Credit Suisse?

Bank 98

Bank Banking Government Investment Banking 98

Mergers and Inquisitions

MARCH 27, 2024

All the bulge bracket banks in the U.K. Outside of IB, various asset managers, hedge funds, consulting firms, and trading firms also run some type of spring week program, but we’re focusing on banking here. Which Banks Offer Spring Weeks? run them, but so do many elite boutiques (Lazard, Evercore, PJT, etc.),

Investment Banking 105

Investment Banking Bank Banking Investment 105

Mergers and Inquisitions

APRIL 24, 2024

We’ll return to this point later, but in finance, it’s more common to do a pre-MBA internship at a small VC/PE firm or boutique bank rather than a bulge bracket bank. If you’re targeting an informal venture capital internship , private equity internship , or search fund internship , focus on smaller, local firms.

IT 59

IT Investment Banking Recruitment Finance 59

Mergers and Inquisitions

JULY 12, 2023

But if you’re interviewing at an early-stage VC fund (i.e., 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

Capital 52

Capital Valuation Boutique Bank 52

Mergers and Inquisitions

SEPTEMBER 11, 2024

Many private equity firms and hedge funds invest in renewables or related areas like chemicals, industrials, technology, and power. . – MPL Buy-In Transaction (BofA and Evercore) BofA – Discussion Materials and Valuation Fairness Opinion (pg.

Investment Banking 59

Investment Banking Bank Banking Investment 59

Mergers and Inquisitions

SEPTEMBER 6, 2023

government has become more aggressive about regulating all “private funds” (private equity, hedge funds, venture capital, etc.) You can read all ~660 pages of the new “Private Fund Rule,” but the SEC’s summary is more than enough. Annual Audits: Each private fund must receive an annual audit. and reviewing M&A deals.

Private Equity 105

Private Equity Equities Finance Finance 105

The TRADE

OCTOBER 24, 2024

Usually hosted by bulge bracket banks, SIs are an internalising mechanism that allow banks to execute flow over the counter or off exchange. Exchange traded funds (ETFs) Exchange traded funds (ETFs) have seen a journey to dominance in the last ten years in the advent of more passive trading strategies as opposed to more active ones.

Trading 120

Trading Investors IT S&P 120

Cooley M&A

FEBRUARY 1, 2024

As a result, private debt providers and the syndicated market increasingly are competing on pricing and covenant packages to win new acquisition financing mandates, and many bulge bracket banks are sponsoring their own private debt funds. billion, which was funded through $2.65 billion, which was funded through $2.65

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.).

Private Equity 98

Private Equity Recruitment Equities Middle Market 98