Advice - Jumping to another PE shop

I've just been told that 50% of my time will now be dedicated to FoF and no longer 100% on LevFin (buyside)....

I feel pretty nauseaus at the sudden change and Idk if I should try to jump ship to another PE shop or stick it out and go for an MBA in a yr or two...

Please opine!

 

..well if you're in a FoF role, you'll get exposure to other buyside shops. i suggest you use that network in the next 6 months to land at another PE shop.

------------ I'm making it up as I go along.
 

Set up like every other big PE shop, multiple funds each with its own team and scope... the FoF is low on "bandwith" so this is what they came up with and it was agreed by the powers that be...

basically, ontop of my daily duties as a credit analyst I would now also take on doing secondary FoF deals and be point person on a handful of sponsor relationships...

I'd report to two different teams depending on what needs to be done, if its buyout finance, then the credit heads, if its FoF, then those heads...

For experience purposes I'd still be executing primary investments (direct investments) but under the radar I'd do that FoF stuff as well within the firm...

 

That sucks. I wouldn't be pleased but I would just be very assertive in positioning myself to get staffed on principal investing stuff. If you're on 2 PCs and 2 live deals, they'll have to get someone else to do it. You were probably a candidate for the spot because you've been underutilized and have the time to spare. But then again, not sure how big your shop is.

 

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