Would they hire from a debt or PE fund - No MBA track?

Recently I got an offer at a $600-700MM fund that manages Mezzanine capital as well as some PE investments.

I would say yes in a heartbeat to this position, except they will not want me for more than 3 years. This is the typical IB to PE to MBA career track. My issue is that I want to avoid getting an MBA at all costs and maybe move into a hedge fund or PE fund in place of the MBA.

They mentioned to me that I can probably get into another PE fund or a hedge fund after a 3 year span since there is a good reputation of the firm and they aren't really a "small" shop. My question would really be if I have a big focus on the Mezzanine investing, would I be very marketable to hedge funds (or other PE firms for that matter)?

I would assume yes, but can't be sure. No idea if I would be considered a "Private Equity Analyst" so to speak, but what opportunities do you think would be there? I just don't want to get pigeon-holed after the 3 years AND be out of a job.

Thanks.

 
Best Response

It's really hard to say without knowing more about the strategy but I'm not sure you'd be widely marketable...doing mezz you'll get neither public markets experience or deep in-the-weeds due diligence/analysis. However, you'd likely be marketable to private credit/special situations lending funds.

What happened with other former employees? That would probably give you the best indication/idea.

 

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