How are current associates doing on the closed deal front? It’s been a slow year for everyone and starting to get a bit nervous I won’t close a deal in my 2 years.
Currently nearing the 1.5 year mark and having 0 closed deals, 0 LOIs, and maybe 1-2 true “deal sprints” that both died pretty quick. Technically closed one add on but the port co basically handled it themselves and I barely did anything.
Of my associate class, ~10% has closed a platform and
Edit - wrote a whole long post that got cut off but that’s the just of it - worried I won’t be able to get promoted or get lateral looks since I have crappy deal experience
pretty typical at large funds
look at h&f for example...far more associates than platforms per year
I'm in an LMM, but have closed 2 platforms in 2.5 years plus a couple add ons. Pretty much luck of the draw though, on my 2nd platform another associate was originally on the deal but couldn't make MPs due to a wedding so they swapped the deals we were on. The one he got moved to ended up fizzling out while mine ended up closing...
It's honestly luck of the draw. I'm currently two years in with one deal closed and one that will hopefully close before xmas.
Some associates that have been here longer have one or none. Some others that have been here less have more than two.
That is rough but remember. You are an associate. The fundamental thing you need to demonstrate is the ability to do deals. Can you do the process. Getting deals done is not a substantial issue for you. If you were a mid/senior professional this would be a totally different conversation. You may get a slight dinged depending on what deal flow is like through the rest of your firm (ie - if everyone else is closing deals left right and center you may not be in a great spot) but you most likely are fine
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