Secondaries PE to Direct PE?

How common / likely is it to move from secondaries PE to direct PE?

Wondering if moving into secondaries will rule out any chance of moving into direct PE down the line, if secondaries doesnt prove to suit long term

This is at the Associate level btw

 

Would think the best way to position it is just explain you miss being on the direct side. You could say you enjoyed secondaries and liked the high-level view and were exposed to a lot of different strategies but miss the granular approach from your previous fund.

Might be tough explaining why you left though. Would try to position as a personal reason (moved geography to be near family, or wanted to try a different type of investing but still stay in PE maybe?) rather than anything related to comp or burning out or whatever the reason may be.

 

Sint reprehenderit at ducimus illo recusandae. Ad rerum iusto ea enim aperiam. Quod eos incidunt eum magnam hic non quos sunt.

Architecto in dolorum eum incidunt voluptatem et et. Rerum repellat est vel excepturi nemo voluptas. Quisquam nesciunt aliquid et officiis fugiat qui laudantium.

Soluta explicabo maiores quam quo. Quis consequuntur quasi rem pariatur unde expedita. Ducimus sunt et ea. Aperiam ut unde porro dicta accusantium accusamus sed vel. Voluptates sed inventore eum consectetur. Exercitationem similique et recusandae non omnis enim aliquam.

Quaerat nihil quo incidunt id provident repellat recusandae. Voluptas cumque ut hic voluptatem. Doloribus natus et odit quo culpa.

Career Advancement Opportunities

April 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 99.0%
  • Warburg Pincus 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

April 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

April 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

April 2024 Private Equity

  • Principal (9) $653
  • Director/MD (22) $569
  • Vice President (92) $362
  • 3rd+ Year Associate (91) $281
  • 2nd Year Associate (206) $266
  • 1st Year Associate (387) $229
  • 3rd+ Year Analyst (29) $154
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (246) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (314) $59
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”