I'm working in a small PE boutique that does mainly growth capital. When I say small, that means 4 people (including me) and we usually have to find co-investors above $1m...
I have a couple interviews coming, especially one with a $1b+ PE FoF. Honestly, at first, I wasn't thrilled but I found some pretty good descriptions on this forum and I'm starting to change my mind. However, I still have a couple questions:
- If I go to a FoF, is going back to a "regular" PE fund possible later on? Not necessarily a megafund, but simply returning to the GP side?
- When a FoF picks a manager, do they invest as LP? Give money directly to the GP (does that even make sense?)?
- To what extend do FoF associates get exposed to the portfolio companies? Modeling? Attending board meetings?
Truth is that, to me, it sounds like ajob and I'm not sure I should give up a position, no matter how big or small my fund is, for that.... Any advice?