MM PE to HF

I spent 2 years at MBB and am wrapping up my 1st year as a MM PE associate. I like the intellectual exercise of evaluating an investment, but I dislike the amount of process-related monotony the job entails (e.g. coordinating diligence providers). I think I'd be better suited in the public markets due to less process work, as well as missing the quantitative nature of my undergrad (think computer science or statistics).However, based on what I read on this site, it sounds like unless you went from GS TMT to KKR or a comparable bank / MF, it's basically impossible to get into any hedge fund. Has anyone successfully navigated this transition from a no-name MM PE fund, or is it simply not realistic? Thanks

4 Comments
 
 

Very doable to make the jump to a MM HF from relatively obscure MM PE shops. You need to have deep industry or sector-specific knowledge that makes you an attractive candidate but it’s much more common than you’d think.

Thats for a MM HF though, not SM. SMs are a tougher nut to crack for sure. MM generally is more short-term trades but if you can find the right  PM then you may have a longer time horizon that allows you to think a little more PE-like.

 

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