Noticed quite a few questions regarding FoF on here recently (probably due to recruiting cycle) so thought a thread might be helpful - no PMs if possible.
My background is non-traditional. I'm from the UK, top 10(ish) university, finance degree, joined one of the biggest UK asset managers and completed 18 months of a trainee programme before jumping shop to PE FoF. Majority of my fellow associates have more tradional backgrounds (oxbridge, IBD) so can answer questions from what I know of their backgrounds.
Obviously FoF investing isnt for everyone and the majority on here are more interested in being a GP rather than LP, but hopefully there'll be some interest -please ask away
My time is spent as follows:
Primary Fund DD / modelling / meetings / reference calls / legals - 50%
Annual LP meetings / travelling to meet FMs 20%
Coinvests / Secondaries opps analysis 25%
Boring admin shit 5%
I focus a lot of my attention on EM, but have also worked on mezz, us/eu buyout, frontier and growth capital so have a reasonable understanding across strategies
I'll assume the first question is comp so will get that out of the way....my base is PS75k and bonus (excluding carry as we are not currently at our preferred return) was PS30k - which I am told was very low compared to better years.