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. 

 

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