Out of curiosity, what are some of the bowl's favorite private equity firms, and why? Had I the chance to pick any LBO shop to do my associate stint, I probably would've picked Berkshire Partners for the culture and H/S placement. But knowing what I know now, I probably would've picked a growth equity shop (General Atlantic on the mega-firm end, or maybe Mainsail for a smaller shop)

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I’ve done commercial diligence for 20+ PE firms in my career, and my favorite based on level of intellect + type of deals done + friendliness of culture + humility of MDs is Madison Dearborn. Great group over there in Chicago Agree that Berkshire is also excellent

MDP gives me sweatshop vibes on the deals we worked on w them

Would suggest a more meta level of thinking, instead of specific firms: - Strategy: buyout vs credit vs growth equity etc - Focus sector: generalist vs one specific vs 3-4 sectors - Fund size: LMM, MM, UMM, MF etc (linking to size of each equity check) - Geographical focus: North America, NA and EU, Global etc. - Operational strategy: Set it and forget it vs involved in running the business Just a few areas to consider....

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Marrying rich

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Bain Capital - for the same reason you picked Berkshire

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1) Culture is a huge thing here. Senior people take it super seriously and there’s just good camaraderie embedded into the place. 2) I don’t think we pursued growth as aggressively as the other megafunds and have stabilized in the 100-120B AUM range. These creates less intensity to chase everything always and makes life calmer.

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Can you give (anecdotal?) evidence of Berkshire culture? Not doubting, just trying to get a sense for what differentiates their culture from other shops

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Not having been on the inside, it's hard to tell, although PE associate from Berkshire seem to generally like their experience. I will say that it's telling to me how many of their Partners / Principals / VPs grew up at Berkshire and decided to come back after bschool. A lot of people hop firms; Berkshire seems to be a place that people are happy to come back to based on their team page

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Waud capital

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Placement location sector focus and returns / reputation

why general atlantic?

2 am interview? woof....

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Anyone have thoughts on TA / Summit / megafund growth shops like BX and KKR?

EYP, what’s yours source? Have friends in both groups and don’t know either one who loves it

IB2 nothing super specific on any of them but obviously all super reputable and if you’re trying to break in the game, any of them will more than suffice for any later laterals

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