Hi fellow monkeys,
As some of you may recall, I originally posted a discussion back in 2012 requesting advice on how to best go about utilizing my alumni network to land a job in the investment industry. The discussion took a bit of detour as we discussed my strategy of walking in to offices and requesting to speak with hiring managers. Well, fast forward 4 years, I completed a three-year stint at a consulting firm conducting operational due diligence on alternative investments and investment managers and currently completing my one year at one of the world's top 10 pension funds performing similar work. I want to thank all the fellow monkeys who provided their keen advice and valuable input in helping this ex-DJ, who was 29 years old at the time, to enter into the hedge fund / AI space.
Topic of discussion: I have recently accepted an offer to work at a start up, boutique PE firm (I will be the fifth employee) as an Associate / VP. The firm buys minority interests in hedge fund managers and provides strategic advice on restructuring the management firm to provide the framework for an increased asset base (think Dyal, Blackstone, Reservoir, etc.). While leaving the security and comfort of working for a quasi-government firm managing assets north of $280 B has been a tough decision to undertake, the opportunity to acquire knowledge beyond ODD (such as IDD, consulting and PE-type diligence), I am understandably cautious and wary of what I am getting myself into. The firm is backed by a family office and has yet to complete its first transaction, which will be my first project. My goal is to leverage the ODD experience and build up deal making / manager selection / strategic advisory skill sets, albeit at the risk taking a huge leap (I am also relocating to NYC for this move).
Questions:
- Are there any others here that have taken a similar leap or work for a similar team / organization?
- Do you have any advice for someone like me who does not have the strongest financial modeling skills? (I plan on doing a two-day bootcamp prior to starting work, btw)
- What are some risks you may think I should be concerned about?
- Conversely, what are the benefits you think I will gain?
- Do you see exit opportunities from this role and if so, what are some options you think may be available in say 3-5 years?
Many thanks for all the input and advice. Apologies for the lengthy post.
Best,
DJ Banker
