What are the possibilities of moving over from middle market PE to a public market HF role (at VP/Principal/MD level in PE currently)? Not worried about brand name / not interested in top tier names. Are there smaller HF’s that would be open to that type of profile?
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Based on the most helpful WSO content, transitioning from a middle market PE role at the VP/Principal/MD level to a public market hedge fund (HF) is possible, but it comes with challenges. Here are some key insights:
Profile Fit: Hedge funds, especially smaller ones, may value your transactional experience, negotiation skills, and complex situation analysis from PE. However, they will likely assess your ability to adapt to public markets, which require a different skill set, such as understanding market dynamics, public company analysis, and shorter investment timelines.
Smaller Hedge Funds: Smaller HFs or niche funds might be more open to hiring someone with a middle market PE background, especially if your expertise aligns with their strategy (e.g., event-driven, special situations, or distressed investing). These funds often prioritize practical experience and a strong investment thesis over brand names.
Challenges: The transition can be tough at a senior level because hedge funds typically look for candidates with a proven track record in public markets. Without prior HF experience, you may need to demonstrate how your PE skills translate to their investment approach.
Networking and Headhunters: Leveraging your network and working with headhunters who specialize in HF placements can help identify opportunities. Smaller funds may not have structured recruiting processes, so direct outreach and networking can be effective.
Risk Tolerance: Moving to a hedge fund involves higher risk, as public markets are more volatile, and compensation is often tied to fund performance. Consider whether this aligns with your career goals and risk appetite.
For more insights, you can explore discussions like this on WSO forums. Here's a relevant link: https://www.wallstreetoasis.com/forum/private-equity/from-private-equit…</a">From Private Equity Associate to VP in Private Equity.
Sources: From Private Equity Associate to VP in Private Equity, Any career regrets after moving from PE to public markets?, From Private Equity Associate to VP in Private Equity, The PE career path, Breakdown of Post-IB Exit Opportunities
I’d assume it wouldn’t be an issue but you’d be taking a massive pay cut and have worse WLB
Maybe consider a role in equity research first to learn how to think about public companies?
idiot
you should learn to think in general
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