For seasoned bankers / investors currently covering P&U / broader infrastructure verticals, which EBs (if any) are competitive in the space given 0 lending capabilities and non-existent balance sheets? I'm specifically referring to independents like EVR / PJT / CVP / MOE / LAZ / PWP.
Would you still get good looks from large-cap / MF infra PE funds coming from an EB P&U / infrastructure background?
| +114 | Analysts bitching on WSO | 26 | 13h | |
| +110 | How are women treated in IB? | 69 | 56m | |
| +66 | College Transitions updated 2024 IB ranking | 25 | 4s | |
| +65 | How to Not Feel Anxious About SA Internship | 24 | 1d | |
| +53 | In denial about SA 2025 Offer | 12 | 1d | |
| +51 | A Guide to HK Investment Banking - 10 Most Frequently Asked Questions (2024) | 4 | 6h | |
| +48 | Does my budget look right? Fresh grad | 28 | 1d | |
| +43 | 5 days/wk | 19 | 4d | |
| +34 | 2024 Analyst Bonus Thread | 18 | 5d | |
| +26 | UBS = U Be Shite in Americas? | 4 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Can attest that all the firms listed will get good looks. Particularly, HL and LAZ in the space you mentioned.
Correct me if I’m wrong but the lack of a balance sheet doesn’t stop shops from competing in the P&U space - think it’s no different to regular coverage where the balance sheet can help on the financing piece (if advising on buy-side) but the pure M&A advisory shops won’t have much more difficulty in competing
I think traditionally outside of transportation / classic infra, BB’s are typically bigger in P&U which may be why you have concerns? My view on this is (1) P&U clients on the large-cap side are smaller in number and you don’t typically get mid/small cap P&U, unless (2) we’re talking about renewables / broader definitions of P&U in which case a lot of boutiques crush it in the space (e.g. Greentech)
Regardless I wouldn’t fret as any of the shops you’ve listed would get you great looks as long as you work on semi-relevant deals that can craft your story
Veniam voluptatem voluptatem voluptatem voluptas eveniet consequuntur. Rerum dolores consectetur dolore enim laborum. Et sed et et et reprehenderit laborum. Recusandae commodi et magni rerum aut occaecati nostrum ut.
Quo et vero dolores similique fuga voluptates. Velit repellendus optio atque reiciendis asperiores illo atque. Officiis perferendis placeat doloribus eum. Laudantium doloribus omnis ut. Quisquam et dolorem dolores animi laboriosam perspiciatis. Ab eaque nisi aut ratione voluptate nesciunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...