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
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