Buying your way into a PE/VC/GE job by investing 1M (GBP/EUR/USD)??
I understand not every A3, when they are 24/25, has $1-1.5M or any similar amount in the UK or Europe. But what if I have 3 years of IBD experience from a BB and have $1-1.5M disposable ready to invest.
My question: is it possible to hit up mutual funds or MM funds and say I am willing to invest but I also want to work for you??
Anybody know any stories of this happening in PE/VC/GE or even merchant banking? Reading forums on hear I can see how tough it can be to start your own fund so why not just invest and work at an existing firm- thats the idea
Pls let me know, thanks
(dw i'm not exposing my name)
Did you earn this via Crypto or some family liquidation event?
I feel like it may work if you bought equity in the firm otherwise, it's an odd dynamic.
yeah that's what I mean, buying equity, but like is that even possible at this level? on paper if I am capable it should work? maybe if I am associate or vp
Works and happens at the partner level, but for $1mm and at an entry level position probably won't happen. Too small an amount to be worth the headache / odd dynamic other poster mentioned.
Would this scenario be more achievable for LMM PE/VC/Merchant Banking or is it inherently awkward in terms of the dynamics? Anyone seen examples?
thats what I figured too.. so is it more about the seniority level (analyst) or the actual amount? For example, if it was an Associate investing like 2-3M would that seem marginally more achievable?
ALSO how does this work usually, at the partner level??
Yes it happens - wire me the $1M and I can name you partner in my fund
This would be weird. You might hire the kid of an LP with $50M committed in the hopes they re-up to $100M in the next fund, but if you asked to basically buy your way into a job you’d at best get a “what?” and at worst get laughed out the door.
Especially at $1M - that’s within the realm, albeit on the high end, of standard mid-level employee coinvest that you offer to people as a perk, so someone asking to do so wouldn’t earn them any extra favor.
You might get an independent sponsor to take you up on it, but it would still be weird
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