Berkshire Partners Overview
Founded in 1984, Berkshire Partners is a private equity firm located in Boston, MA. Berkshire has developed industry-specific experience in various areas such as healthcare, industrials, communications, business services, retail, and consumer products.
Typically, the firm makes equity investments between $50 million and $500 million in companies that have enterprise values of $100 million to $1.5 billion.
Berkshire’s Stockbridge makes public equity investment in companies that demonstrate long-term growth and strong competitive positions. On the other hand, Berkshire Partners Private Equity mainly focus on four industry sectors:
- Services & Industrials
- Technology & Communications
The founders of Berkshire Partners are Russell L. Epker, Richard K. Lubin, Carl Ferenbach, J. Christopher Clifford, and Bradley M. Bloom.
Berkshire Partners AUM
According to the latest regulatory filings, Berkshire Partners has $16.0 BB in assets under management as of 2023-03-31.
Berkshire Partners Interview Process & Questions
Despite the changes in the interview changes for each candidate, the general nature of the process stays the same for the most part. In fact, you can anticipate the following:
- Interview rounds: 4-6
- Initial interviews are supervised by junior professionals, while later rounds are handled by more senior folks
- Unless it’s on-campus or on-cycle recruiting, expect that the entire process will last for multiple weeks
Get ready to answer a mixture of behavioral questions, technical questions, and fit questions when you interview at Berkshire Partners.
To help you with preparation, I’ve created a Growth Equity Interview Guide. Feel free to check it out.
Why Berkshire Partners
One of the questions you must prepare for is the “Why this firm” question.
If you’ve met employees at the firm during your networking efforts, make sure to mention them and how their experiences and testimonies helped in choosing their firm.
Also, do your homework and research the firm. You can try listening to interviews with its founders, management team, and investors to get to know them better.
For starters, here’s an interview with Kevin Callaghan and Larry Hamelsky, Managing Directors at Berkshire Partners:
Berkshire Partners Case Study
Communication skills and technical knowledge are two traits that investment firms highly value. To evaluate these, firms like Berkshire Partners ask candidates to perform case studies.
Most case studies will have you do financial modeling and investment recommendations. But for junior roles, a cold calling case study may also be part of the process.
I’ve discussed case studies in great detail inside my Growth Equity Interview Guide course.
Berkshire Partners Salary & Compensation
According to Glassdoor, associates at Berkshire Partners have an estimated total pay of $147,295 per year, while there’s no recent data for analyst hires. Figures may vary depending on many factors such as location, experience, and skillset.
Berkshire Partners Careers, Jobs, & Internships
Feel free to visit our job board to stay updated with Berkshire Partners’s opportunities. We also feature open roles for other similar firms.
Berkshire Partners Portfolio & Investments
According to Crunchbase, Berkshire Partners has made 29 investments across three funds. Some of their notable deals include UPSTACK, Tango Analytics, and Ensemble Health Partners.
Notable Transaction: MedOne
Founded in 1997, MedOne is a company that provides carrier-neutral interconnection, hybrid cloud services, and colocation to multinational tech companies, global cloud and content customers, government entities, and top local enterprises.
In July 2022, Berkshire Partners led a consortium to acquire 49% of MedOne for $215 million. Van Rooyen Group – a family investment group led by Grant van Rooyen, former CEO of Cologix – also invested.
Ronnie Sadeh, CEO of MedOne, said that the funds will help them expand their services and accelerate their facility development.
If you decide to send your application and build your investing career at Berkshire Partners, I would highly recommend that you check out my Growth Equity Interview Guide first before attending interviews.
Growth Equity Interview Guide helps professionals get a good grasp of topics that are typically covered during interviews such as financial modeling, case studies, and more. Check it out and start learning today!