Why Littlejohn & Co: Interviews, Careers, & Portfolio

Littlejohn & Co Overview

Littlejohn & Co. is a private equity firm which focuses on leveraged recapitalizations of middle-market businesses, leveraged buyouts, and distressed securities.

The firm tends to support companies that require an operational turnaround, specifically in a variety of service and industrial sectors.

Littlejohn & Co. has a set of investment criteria:

• For Private Equity – the firm looks to make equity investments that range from $50 million to $250 million in companies that have annual revenue of $100 million – $1 billion.
• For Capital Solutions – they invest between $25 MM and $150 MM usually in the form of convertible debt instruments or preferred equity.
• For Opportunistic Credit – Littlejohn makes investments of $10 million to $100 million across the capital structure in equity and debt of middle market companies.

Littlejohn & Co. is headquartered in Connecticut and was co-founded by Michael Klein and Angus C. Littlejohn Jr. in 1996.

Littlejohn & Co AUM

According to the most recent regulatory filings, Littlejohn & Co. has $8.3 BB in assets under management as of March 31, 2023. 

Littlejohn & Co Interview Process & Questions

Firms may decide to tweak their interview process with each candidate. However, you’ll find that the general nature of the interview stays the same. When you interview at Littlejohn & Co., you can expect:

• 4 to 6 rounds of interviews
• For the initial rounds, the junior professionals will be in charge of the interview. For the later part, the senior staff take over.
• Entire process typically lasts for several weeks – except for on-cycle or on-campus recruiting

The interview questions will be a combination of behavioral, fit, and investing questions so make sure to prepare for that.

My Growth Equity Interview Guide is an excellent resource in case you need help preparing for interviews.

Why Littlejohn & Co

“Why this firm?” almost always shows up during interviews – and also one of the most critical questions you have to answer.

If you’ve done networking to get connected with the firm’s employees, this is the right time to mention whoever you’ve met and how their experiences have positively influenced your decision to apply.

You can also try listening to interviews with the firm’s founders, portfolio companies, and key personnels to come up with relevant answers.

For starters, here’s an interview with Brian Ramsay, President at Littlejohn & Co. 

Littlejohn & Co Case Study

Communication skills and technical knowledge are two important factors that investment firms like Littlejohn & Co. consider when selecting the right candidate. They often use case study to evaluate these traits.

Most case studies will have you perform financial modeling and provide investment recommendations. However, cold calling case study may also be included if you’re applying for junior roles.

You can find more case study resources inside my Growth Equity Interview Guide.

Littlejohn & Co Salary & Compensation

As per Glassdoor, associates at Littlejohn & Co. have earned salaries of $115K per year. Figures may vary depending on many factors like experience, location, and education.

Associate

From other public sources, Littlejohn & Co. associates have recently made $137K per year, while there’s no recent data for analyst hires.

Littlejohn & Co Careers, Jobs, & Internships

Visit our job board if you’re looking for open roles at Littlejohn & Co. or other similar firms.

Littlejohn & Co Portfolio & Investments

According to Crunchbase, Littlejohn & Co. has made seven investments across two funds. Some of their notable deals include Motion Recruitment Partners, The Hiller Companies, and Interstate Waste Services

Notable Transaction: Valcourt Building Services

Valcourt Building Services is a company that provides a full range of essential and recurring exterior building maintenance services which require vertical access such as cleaning windows, waterproofing, and other safety protocols to high-rise condominiums, commercial offices, healthcare facilities, hospitality businesses, and the likes.

In January 2021, Littlejohn & Co. made a significant growth investment in Valcourt Building Services.

Brian Michaud, Managing Director at Littlejohn, stated that Valcourt is in a strong position to continue its growth trajectory in its markets and even expand into new markets.

JP Morgan served as the exclusive financial advisor, Holland & Knight served as legal counsel, and Grant Thornton provided due diligence and accounting support to Valcourt during the transaction.

Next Steps

If you decide to send your application and build your investing career at Littlejohn & Co., 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!