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Vault Message Board: Venture Capital

Topic Name: What after Private Equity?
Message Name: correction
Date Posted: 05/26/2001
In Reply To: I'm assuming that your request is for private equity only (i.e., has nothing to do with Golman M&A for example). I'll group the names into three general buckets excluding Gleacher and Greenhill - both excellent boutiques but do not have defined private equity funds. I. Top tier KKR (top of the heap) CDR (classic but inactive) Warburg Pincus (strong) Blackstone (less active) II. Second tier Carlyle (trying too hard) Doughty Hanson (mostly UK) Lazard (embarassing at times) III. Third tier Morgan Stanley Goldman Sachs It's ok to start with the banks but nobody in the PE business really respects them. Kind of like having your mom drop you off at a party in high school - you try and try to act cool but everybody knows that you're a pretender.
Message: to state that the carlyle group is "trying too hard" is like saying the same thing about shaq. by deal flow, alone, the firm is the second most active this year. and to include lazard in the second tier, while gs and ms rank in the third tier is just as erroneous.

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