PE: MF vs start up
Hi, I don’t want to get ahead of myself as I could end up getting rejected by both, but I was curious to hear everyone’s thoughts on this scenario.
I’m an IBD analyst interviewing for a PE associate role at one of the mega funds and also for a newly formed PE fund. Both roles sound great and ofc the mega fund is the initial no brainer.. but the start up fund sounds super exciting, without giving exact specifics:
3-5 people, raised $200-400m in 2019 (year of the fund launch) and deployed approx $50-100m by the end of 2019.
Friendly seniors with a good / trust worthy track record, really interesting investment strategy. Culture wise said how they will truly value me as an associate and also value my personal life I.e they will adopt a strict no weekend work policy where on Friday 6pm I’ll be kicked out the office to go home with no weekend work unless it’s an emergency. On top of this they said they understand the risk of joining a newly formed fund and so to counter this risk they will offer a comp package that would beat any other fund i could think of - approx $200k base plus a cash bonus guide of 75-100% plus a 5bps carry.. that’s $350-400k cash as an associate 1 with no weekend work..
Would appreciate everyone’s thoughts, I guess something else to consider is the learning opportunities from the mega fund, the clearer career path/promotion structure, the stability net especially during the covid-19 pandemic and economic implications, the brand name, and what if the start up performs badly and in a few years and I have an unknown name on my CV whilst looking for jobs, it’s not like my CV will say ‘received offer from -insert mega fund name- but I rejected it for this start up fund that failed’
Thank you