I have an interview with Portage Point Partners for a TAS Associate role this week. Any insights as far as pay, culture, and benefits?

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Firm snapshot: Founded seven years ago by Matt Ray, co founder of Victory Park Capital a $5b AUM private equity firm. Initially, a restructuring, interim management, and performance improvement firm (think Alix & A&M) that has grown in the last two years with IB and Advisory services.

To give context on leadership, you can LinkedIn search myself and Travis Pittman - Travis co-founded HL’s TAS practice. We’ve created a model with base comps comparable or slightly higher to B4 (I’ve shared numbers and our job posting are more specific than others…so not $0-1m) and bonuses significantly more. We do 401k match and some other perks. Additionally, we cover 100% of healthcare for the whole family. We’re paying for top talent.

Middle market focused with client fund size $500m - $3b. Deal size $50m - $500m. Outliers for sure but that’s where we want to stay. Rob and I are open books and happy to answer questions. We believe in transparency.

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Four days is the policy but I’d say that it changes week by week based on travel

likesmart

Def interested in what the comp/incentive structure looks like

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Better pay and growth potential than B4

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My DD points to ex HL. Can I bill my time for that ?

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Well they took two of the best VPs from HL so they must be doing something right.

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Corn Resdick

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Are there AAS-type opportunities at Portage Point Partners?

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We’re hiring in tax at all levels. As for bringing it in house, that’s always been the design and expectation (a full service advisory firm that can provide a client, services at all points in the life cycle of an asset hold period…including tax) but until identifying the best candidates this model provides clients the best service.

Bump

Strong firm! Interviewed with them but got rejected for RX

They are new. Too early to talk about this. Like doing FDD they have no base year to start

BDR - the Joe Burrow of diligence

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Serious question, why would a PE firm choose you guys if you have no m&a tax team? Isn’t it better to use a firm with both FDD and M&A tax?

Sandy - what’s your experience with Leo Berwick?

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@Sandy Will professionals have a chance to gain experience on projects from another service line after joining the TAS team (e.g., when deals get slow)?

The firm has traditionally been cross-functional between RX, PI and Interim Management. The expectation is to continue that where skill sets can be aligned. If team members want to work with other teams, our staffing allows for it and current TAS team members are doing so. Frankly, we haven’t had capacity to share resources but as Rob said, we’ve been retained on engagements where we have 2-3 bundled services and team members have co-mingled duties.

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