Permira vs Ardian vs PAI vs 3i vs Cinven vs Advent vs General Atlantic
Hi,
everyone I have interviews at all of the above mentioned firms for an internship. In total I will be able to do 2 maybe 3 internships and wanted to ask, if you have the choice which firm would you take?
I guess for me GA would be one choice since the focus is different than for other firms (growth equity is different than the other funds)
Permira, Ardian, PAI, Cinven and Advent are all rather similiar although Permira, Cinven and Advent are aguable a cut above the rest.
For me 3i is a black box, has anyone any information on them?
Assume, given your other comments, you are based in Germany? Makes a big difference, eg GA Muc vs Ldn.
Yes would be for MUN
if you want to do GE > GA
if you want to do buyout > Advent
Oh really I thought it would strictly speaking be more like
Permira > Cinven > Advent > Pai = Ardian
Is advent really that strong?
Have been at Ardian, would see them similar to PAI and Triton, Cinven certainly higher, Permira in FFM is okay. Ardian Buyout team is pretty nice + there is a small chance for FT role and FT pay is pretty much on par with IB on analyst level. GA also has a nice team but tasks weren’t too interesting from what I‘ve heard + basically no chance for FT
Permira would be bottom of list, advent and cinven top
Agree with Advent and Cinven at the top. Permira and Ardian not looking good lately.
What’s the issue with Permira and Ardian? Is it firmwide or just a German market issue?
Ardian has never been in the same league as the other firms you mentioned, while Permira took some big hits in their latest fund.
Don't get me wrong, both firms are still great places to do an internship, so there is no 'issue' per se - I just don't rank them as highly as the other names.
Yeah Permira is struggling. Their recent fund is only €16 or €17bn, which is even smaller than Blackstone's
Ok
Yes in addition, they had some phenomenal deals e.g. teamviewer. Thought that over the last years they were one of the too 5-10 players
Yes in addition, they had some phenomenal deals e.g. teamviewer. Thought that over the last years they were one of the too 5-10 players
For your sake hope you’re not being serious
Permira, Advent top // Cinven, PAI middle // 3i, Adrian bottom
.
You won’t get all six anyway so this is a pretty dumb thread
Perhaps, but got final interview rounds in all of them so it somewhat likely that I'll get an offer. However simultaneously recruiting at banks and MBB maybe I am doing a combination of both
Even a 50% hit rate would be pretty optimistic but good luck
Cinven converts the interns to FT roles. Advent no clue, but strongest brand among these. Would go with these 2
For my knowledge, are you a diversity candidate?
No I am not, white, semi target, semi GPA, but tons of relevant experience
Glad to hear, thanks god there are still some serious funds out there willing to hire the best candidate independently from sexual preference, gender or skin color
Does Ardian convert interns to FT?
Advent cinven ga best and permira worst
German here. Out of all the funds you mentioned I would prioritize like this:
Priority No.1 Advent International - (raised 25bn recently and they tend to hire interns full time analysts in Frankfurt)
Priority No.2 Cinven (They hire interns as analysts too)
Priority No.3 Permira (very interesting deals in the past)
Priority No.4 General Atlantic (GE investing might be very challenging given the current times, but I think that will make the job much more interesting for an intern)
The other shops are mid-market and Germany is the best place for mid-market deals. I would prefer PAI due to the fact that they are seen as more exclusive than Ardian.
Agree with this.
Advent is top for brand and AUM and recent performance, plus they're doing really cool shit over there.
Cinven and Permira are second tier afterwards, I think Permira's brand is better than Cinven's but recent performance and fundraising is shoddy.
Adrian last.
What’s the issue with Permira’s fundraises? They just closed a €16B fund, up from €11B in the one prior, and their Fund V and VI (excluding VII because it closed in 2020, a bit early to judge returns) are both marked at a 24% net IRR by Calpers, so that would seem pretty good, but curious about more detailed nuance
Does Ardian convert interns to FT?
Yes but they have a cut throat culture from the top
Can’t confirm. Pay really good for analysts
Can you elaborate on cut throat culture
Where did you even find the vacancies for 3i, Cinven and Advent? Invite-only?
In Europe, Germany especially most funds do not advertise their positions for interns. I literally called 50 PE companies and 35 or so had internships position if you called them.
Some who did not offer internships were CVC, Apollo, EQT, Blackstone but I had no hopes of getting an invite anyway.
For UK I also was successful however only about 2-3 out of 5 offices I called offered internships
CVC is for sure offering Internships. They just hire specifically through the career centers of certain universities.
In Europe, Germany especially most funds do not advertise their positions for interns. I literally called 50 PE companies and 35 or so had internships position if you called them.
Some who did not offer internships were CVC, Apollo, EQT, Blackstone but I had no hopes of getting an invite anyway.
For UK I also was successful however only about 2-3 out of 5 offices I called offered internships
Alright, but as far as I know, 3i does not offer any internships. Also, they have stopped recruiting for their grad scheme (heard from an associate at the London office). Did you contact another office?
Not true my best friend was an intern in their Frankfurt office this year.
I'd go Advent > GA > Permira
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