Discover your dream Career
For Recruiters

Investment Bankers Have Opportunities in PE

Fueled by a shriveling buyout market and new opportunities in the terrain inhabited by investment banks, private equity firms are branching out. KKR is doing it. So is Blackstone. The Carlyle Group could soon join them. That means downsized investment bankers may be able to take their game elsewhere.

Having poached a team of prop traders from Goldman Sachs, KKR could launch a hedge fund next year. Blackstone boasts a hedge fund and debt trading business, and Carlyle has its eye on AlpInvest Partners.

Though their predicament has grabbed fewer headlines than hedge funds,PE firms face the murk of Dodd-Frank as well. New rules would require firms with more than $150 million in assets to register with the SEC. Those that do will have to add staffing in compliance roles, such as analysts, operations professionals, and technology specialists who can design and manage systems for recordkeeping and reporting.

While the recession has caused deal flow to slow, the forecast for private equity may not be as bleak as you might think. Lastweek, the Private Equity Growth Capital Council reported higher deal volumes - U.S. funds raised nearly $20 billion for investors during the third quarter. Jason Thomas, vice president of research for the group, says the fact that North American PE-backed IPOs performed well during the quarter "may signal that fundraising will pick up in 2011."

author-card-avatar
AUTHORScott Krady Insider Comment

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Latest Jobs
Life Technology Consulting Actuary - Remote
DW Simpson
Chicago, United States
Relationship Banker
Wintrust Financial
Crystal Lake, United States
Relationship Banker
First Horizon Bank
Durham, United States
Experis
HR Coordinator II
Experis
Knoxville, United States
Field Property Claims Adjuster
Liberty Mutual
Austin, United States

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.