Corp Dev to PE/PC/AM/PM/IR/RE/GE/VC?
Did 7 months HC IB, hated my group
Left to Corp Dev at a PE backed portco. I focus purely on M&A, no strategy or integration at all. Focus on industrial services space.
Focused on a roll up strategy acquiring smaller competitors across the US. Essentially doing PE lol: Sourcing deals, managing relationships with clients and brokers, due diligence, handling legal (IOI, LOI, Contract negotiation, lender negotiation, earn outs, Rx (S-Corp pre transaction F reorg), etc), modeling and underwriting, execution, and that’s about it. Again, purely M&A, post close we hand off to integration team. We are pretty lean, I’m the only “Junior” and I have a VP. 2 man team.
Been here for little over a year and have done 11 transactions, all acquisitions, with a gross value of ~400million.
I’m bored and want to move. How does going to the following areas look for me ?
PE, Asset Management, Portfolio Management, IR, Growth Equity, Real Estate, VC, Private Credit?
Looking for something more institutional and maybe international ? Want to be at a bigger platform.
Would appreciate any insight. Also, are there any other career paths I should be targeting ?
"essentially doing pe" hmm
there have been some posts about this topic over the years. Truth is, you have IB exp, albeit it's in a different sector to what you're currently working in on the CD side of things. If your CD role was also in HC, i'd say you'd have a strong chance of switching to a HC PE role (assuming you worked on a few deals during your 7 months in IB). It's something which is common among MM PE shops; a tiny portion of their associates have done the IB => CD => PE pipeline
In saying all this, it's not impossible as you do have IB exp and your CD role is M&A focused so i wouldn't rule it out
Based on the most helpful WSO content, your experience in Corp Dev with a strong focus on M&A, deal sourcing, and execution positions you well for several potential career paths. Here's a breakdown of your prospects for each area you mentioned:
Private Equity (PE):
Asset Management (AM):
Portfolio Management (PM):
Investor Relations (IR):
Growth Equity (GE):
Real Estate (RE):
Venture Capital (VC):
Private Credit (PC):
Additional Career Paths to Consider:
Key Recommendations:
Your deal experience and ability to operate in a lean team environment are significant assets. Tailor your narrative to emphasize these strengths, and you'll be well-positioned for a move to a larger, more institutional platform.
Sources: Private Equity vs Venture Capital - Differences and Similarities, CorpDev to PE prospects - creating a long-term map / success stories, Corporate Development Manager - Q&A, Corporate Strategy vs Corporate Development, Career Advice: Acquisitions vs. Development
Eum id qui maxime voluptatem aut est commodi dolore. Vel sit corrupti corrupti facilis eligendi ut itaque ut. Sunt omnis ipsam perferendis aut officia illo tempore tempore. Minus mollitia occaecati modi nemo voluptatem.
Hic cupiditate dignissimos dolores quia. Dolores non perspiciatis perferendis magni molestiae perferendis. Ratione porro repudiandae voluptas repellendus sit nam.
Beatae perspiciatis et autem quibusdam aut repudiandae voluptatibus. Consequatur hic velit incidunt. Tenetur sed ducimus aut ipsa aspernatur pariatur sint. Atque minima tenetur dolores et quos porro.
Illum rem et consequuntur aliquid. Ratione ut facere odio maiores enim. Qui sit esse architecto et aut odit ipsa.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...