Small Fund PC Intern Next Steps?

Based on the most helpful WSO content, here are some insights and next steps for your situation:

1. Evaluate Your Current Position:

   • Pros: You have a return offer, which provides job security.
   • Cons: Limited upward mobility at a small fund.

2. Consider Lateral Moves:

   • Private Credit: Look for opportunities at larger private credit funds where there might be more room for growth.
   • Investment Banking: Securing an IB offer and lateraling over to private credit could be a viable strategy. This approach is often recommended due to the broader range of opportunities in IB.

3. Networking and Recruiting:

   • Networking: Start building connections within the industry. Attend industry events, reach out to alumni, and leverage LinkedIn.
   • Recruiting: Keep an eye on recruiting cycles for larger funds. Firms like HPS, Oaktree, or the credit arms of PE shops might be recruiting.

4. Skill Development:

   • Case Studies/Pitches: Practice case studies and pitches to prepare for interviews. This will help you stand out during the recruiting process.
   • Certifications: Consider pursuing relevant certifications (e.g., CFA) to enhance your resume and skill set.

5. Long-Term Strategy:

   • Career Goals: Reflect on your long-term career goals. If you aim to work at a larger fund or in a different role, plan your next steps accordingly.
   • MBA Consideration: If you’re considering an MBA, target top programs that can open doors to larger funds and more senior roles.

By following these steps, you can strategically position yourself for better opportunities in the private credit space or related fields.

Sources: PE Senior Associate - What next?, https://www.wallstreetoasis.com/forum/private-equity/liquid-credit-leveraged-loans-high-yield-groups?customgpt=1, How to approach LMM PE recruiting?, private credit - next steps?, Private Credit out of undergraduate?