Non top-PE MF to HF?

Headed to a Permira/Apax/EQT in NYC for corporate PE. While still an established MF, it's no Apollo or Blackstone. Ultimate goal is HF.

Are there going to be tiger cub/single manager opportunities closed off to me? See a lot of teams that lean heavy ex apollo/blackstone/kkr.

15 Comments
 

Berkshire's consistent exits to HF are actually insanely impressive, do you know why they're such a strong feeder? They're typically considered a peer of Advent and Bain Capital, neither of which seem very strong in that regard. 

Stockbridge helps since some are from that side of the fence. Isn’t Bain / Advent consultant oriented? Probably plays a role there as well.

 

no real differentiation re what PE firm you're at when you're interviewing for HF usually...

1. most HF ppl don't REALLY understand this PE ranking thing ppl in PE have in their minds. they can see what's big, what's small, but very unlikely they follow the gossip as much as you think...

2. they want to hire good talent. good talent can come from anywhere. good pe associate doesn't mean they're a great HF analyst. so don't get it into your head too much that you have less of a good shot. 

was at a smaller pe fund, did fine in HF recruiting. 

 

approximate size of the HFs that you landed?

I was the earlier poster at a smaller shop above but - fund I’m at is 7bn+ in their HF product.  The one thing the post above didn’t capture properly, half the battle is convincing search1 or odyssey or dynamics to even put you in for certain seats and they get PE prestige enough. 

 

Cumque accusamus rerum et. Nobis ea nobis voluptas reprehenderit. Magni quidem accusamus asperiores aut laboriosam consequuntur. Dolorum vel aut sint fugiat illum maxime. Maiores adipisci similique aut et amet harum alias libero. Et qui unde dolores et eligendi. Ipsa et porro ea earum aut saepe laboriosam.

Career Advancement Opportunities

June 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.1%
  • Citadel Investment Group 97.1%
  • AQR Capital Management 96.1%
  • Magnetar Capital 95.1%

Overall Employee Satisfaction

June 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Millennium Partners 95.0%

Professional Growth Opportunities

June 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.1%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.2%
  • Magnetar Capital 95.2%

Total Avg Compensation

June 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $423
  • NA (9) $320
  • Engineer/Quant (86) $288
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (76) $192
  • Analysts (242) $181
  • Intern/Summer Associate (28) $146
  • Junior Trader (5) $102
  • Intern/Summer Analyst (282) $96
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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
DrApeman's picture
DrApeman
98.9
9
CompBanker's picture
CompBanker
98.9
10
bolo up's picture
bolo up
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...”