Breaking into US private equity as a foreigner?

Here's why I wouldn't do it:

1/ There's no guarantee you'll manage to find a role post MBA at a fund of similar quality than the one you are at right now. Each year, a few MBA students that had past BB + MF experience fail to find a post-MBA role at a MF. Senior Associate / VP seats are extremely competitive to get into, more so than Associate roles in London

2/ Cost of MBA in terms of $$$ + lost career experience that will be tough to justify if you want to go back in Europe (you don't need an MBA to go up the ranks in Europe - usually very tough to convert an MBA into a Senior Associate role, you might ended up redoing your Associate years)

3/ If you want to get into a MF in the US, you need to get admitted at Harvard/Stanford/Wharton - not the rest of the M7

However, if that's your dream, go for it - worst case scenario you'll lose a few years / savings but with a top MBA under your belt in the US, you're bound to find new opportunities to do something else than PE at a MF