Debating on leaving my fund
Asso 3 at a 10B Credit fund. We got bought recently (coming up on three years) and I don’t know if the larger fund has its ducks in a row. Shitty Integration, plastered its name everywhere possible and hasn’t changed comp to meet market even though it’s been a tenuous issue that’s caused some attrition in the past. Also their guys who we now have to deal with are less than competent and it frustrates me.
I joined a fund and helped it grow so much over the last three years and now I’m junior to people without an investor mentality and who’s never worked past 5PM. This isn’t what I signed up for and I’ve worked so hard to essentially become some random branch of a conglomerate (NOT a megafund, think more of a wealth manager) I didn’t suffer at an EB for two years in M&A to get downgraded so horrifically.
I have loyalty to my guys and that’s why I’ve been gritting my teeth but I’m worried it’s just going to get worse for me, while all my MDs are removed because they are getting fat earn outs. We get crumbs, we’re under comped to market and work so much more than our counterparts.
Do I leave? Am I just being dramatic?
I mean if you can get what you want elsewhere leave. Your MDs got paid out so they don’t care as much this is common post m&a. Just start recruiting and leave at 5 pm like everyone else if no one cares. You can use the extra time to prep and interview.
However sr associate recruiting is a bit tough in this market so maybe think abt waiting until you get the VP nod then bounce shortly after
Leave and bring ur guys with you
gotta be atalaya blue owl
Hard to believe blue owl guys leave at 5 PM
Considering Atalaya closed last year and Blue Owl is a sweatshop. Would say that’s highly unlikely.
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