New Boutique Question
All - I have the opportunity to lateral from my current middle market firm (lower-tier mm) where I am unhappy with deal flow. The firm I am looking at is a newly formed Boutique, but all of the senior guys are big names from BB's and the firm is doing extremely well so far. I spoke to some analysts there and they are working on several high profile deals(10x the deal size as the small little dings I have been working on), so experience wise I feel like I would be very content with the move. The only issue is the exit opp. I'll be coming in as a second year, so I plan on doing 1- 2 years max, before a potential jump to the buyside. I was hoping to hear some insight on how the transition would be to the buy-side since 95% of the firms I speak with probably will not know of the firm I lateral too. How important is name vs deal experience? Again, I am extremely unhappy with deal flow at my current firm. Both places are in NY. Thanks everyone!
No one will know your current firm either so I'd say go for the bigger deals/better deal flow.
Seconded.
Thanks for the input. How important is brand name vs actual deal experience in regards to buy-side opportunities?
Full disclosure: not in PE.
I would imagine it varies a ton. If you have high quality deal experience in a certain industry, you could be extremely attractive to a PE fund focused on that industry. With more generalist shops, you might benefit from the slightly better brand name. From what I have seen having closed deals on your resume is highly beneficial once you get to the actual interview process.
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