PE vs Growth Equity

Current MBB BA/AC/A and starting to think about exit opportunities. Interested in learning a bit more about the differences between private equity and growth equity in the US - on day-to-day work, WLB, compensation, career trajectory, common exits, etc. From what I've gathered, PE work seems to be more oriented around financial modeling/analysis while growth equity involves more sourcing, but pretty unfamiliar with any other similarities/differences. Appreciate any insight into the differences and what work is like within these fields - thank you!

 
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frankly you kinda hit the nail on the head. That said it really does differ by firm. I'd like to say you can kinda standardize what to expect from UMM/MF PE moreso than Growth. Here's what I really mean (and I can only really give insights into growth bc that is where my limited expertise lies)... a General Atlantic is consumer focused, leans late stage (ie sort of more "boring" companies but still the track record speaks for itself). An insight is software only and will participate in anything from a seed round to buyout. JMI is similar but a little more old school / risk averse. A blackstone growth is just a pile of shit. Depending on the stage of the company, there will either be zero modeling or a bit more (generally less than a PE firm). Growth is basically just slightly less buttoned up PE. As its name implies, it strikes the balance between the bravado/casualness of VCs and the formality/intensity of PE firms. You will do well financially at either. This is really a personality decision.

Also, WLB in Growth is generally better. You really get a lot of leniency relative to the field (some firms you only need to be in the office 3-4 days out of the week -- ofc thats nuanced). Growth exits include either another growth firm or VC. PE exits are either stay in PE or HF. Yeah I think that about sums it up.

 

Rofl...those kinds of posts make me think that everything on WSO is written by people who don't know what they're talking about. General Atlantic is not consumer-focused (that's Permira), and go ask the people at sourcing-heavy shops how WLB is (hint: they want to fucking kill themselves).

 

I’m sorry but what? The an1 is telling me how my industry works? GA in fact is heavy on consumer tech. And if u wanna ping your sourcing buds about “how bad it is telemarketing for MF PE pay” — well why don’t u ask the boys at BX / KKR / carlyle PE how much their lives suck, how much more extensive the internal politics r, all for the same pay. And why don’t u ask urself and ur other buddies in IB how bad it is for less pay than either of us. Rofl indeed. Enjoy the next round of cuts and your michigan ross mba, doofus.

 

Agree 100%. Have friends in growth roles at “good” growth shops and they’re generally pretty unhappy. They’re in the desk less than I am at an UMM buyout and probably less hours during peak times (pretty rare to do 80+ hours a week in growth), but they have constant sourcing pressure and some firms have strict guidelines on how many phone calls they’re doing a month or tracking CRM touch points. Tons of pressure vs buyout where things can be decently chill when not on a live deal and there isn’t this same general sourcing pressure that’s always looming

 

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