Vantaggi
They sell a good game - socially responsible investment in emerging markets. You feel good telling this to people, even though you know it's a veneer. Can give you access to interesting people and opportunities elsewhere. Many have used it to build their resume before their MBA.
Svantaggi
The Partners are incompetent, ego-driven men obsessed with getting their tax-free salaries through various tax loop holes (caring for the world's poor? no, not remotely). The Partners are also, on a whole just very lucky to be a LP as they don't understand finance or business (it's shocking the things I've heard come out of their mouths) and wouldn't understand the concept of mentoring if it hit them in the face. In fact, the CEO use to have a 'spy' who would report back to him from the ranks. Things like that and the well-known keeping tabs on you by the Partners creates an atmosphere of distrust but on the surface you have to be super excited, eager and have no issues whatsoever, otherwise you're ungrateful for the amazing opportunity they have given you by letting you join Leapfrog. It's basically part old boys club / part cult, and you are expected to worship at the alter of the CEO and Partners, and if you don't conform, expect them to make your life pretty miserable. It's too bad as they recruit some really great, intelligent, more junior people (although the good ones don't stick around for long). Salaries are also abysmal - they keep claiming that they are the top tier, the McKinsey of PE, but only the Partners get anywhere near top-tier pay... Also, obsessed with image, looking good and spinning a good tale to the media - the amount of coaching we got on PR and what to say outweighed any topics of substance. I would not be surprised if the one positive review here on Glassdoor was a carefully crafted internal effort... Surely even the media have caught on that their portfolio performance is pretty poor (hello, how many exits?) and it's all a lot of feel-good fluff. Overall, a highly toxic work environment driven by the Partners, which outweighs any interesting work or nice (junior) people you may meet along the way.