Any update on lateral recruiting?
Have opportunities at the experienced associate / senior associate / vp level increased or expected to?
Are folk's firms planning to hire in 2025?
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They’ve definitely increased at the experienced level (post-MBA) in the last 6 weeks and are expected to continue improving. Seems to be optimism in the market even though it has been brutal the last 18 months.
Have you seen any geography and/or fund size becoming more active than others?
Mind sharing? I’m getting like
0 in bounds
Associate and Sr Associate lateral roles has definitely picked up. Seeing 1-2 a day now across the top HHs , maybe every other day but the flow for solid MM, UMM and MF roles has certainly increased vs being dead silent.
Do you mean mm/umm/mf roles for associate level specifically?
What HHs have been most active for you?
Mind sharing firm names here?
Even if no names - sector / geo / strategy would be super helpful
Prefer to not give names but have seen buyout and growth buyout roles in SF, NYC and Miami / West Palm Beach (surprisingly). Most are in NYC and this is for associate and senior associate laterals, sorry but can’t speak to VP. All funds are $1B+. A handful of MMs, intermittently UMM, and some specific MF groups. The pods will trickle in as well for Analyst seats under new PMs but nothing too inspiring there tbh. Typically see Tech specific or Industrials / Services / Generalist but that’s based on preference so likely not all that’s out there
What would you say split is between Sr Asso vs Associate?
Not seeing much for Sr. Assoc/VP, am assuming they’re being slightly targeted given the big pool of candidates. But given some info in this thread guess I’ll go with another round of check-ins
With the slow market anyone thinking about expanding to hedge fund recruiting?
Things are improving in London for sure. Quite a few sr aso / VP hires going around
Can I ask which processes are currently around?
which HHs usually running these?
What is the best way to get connected with HHs (HSP, Amity, etc.)? Just fill out the general inquiry on their websites?
Probably half of the HH names reached out directly through LinkedIn or somehow got my work email and reached out about lateral opps. The other half I submitted the form on their website and heard back within a day or a few days to setup a call to connect and get preferences.
I don’t exactly know how these HHs operate internally, but I’m already at a solid fund, so I assume I’d have a decent shot at roles given I already compete with these firms in my current role. If you’re at a smaller or lesser known fund, I imagine it might be a tougher sell, but that’s just my guess. Once you’re already experienced, which it looks like you also are, everything is pretty much “off cycle” and firms are just filling roles as needed. It’s tough though because it often feels like the firms even taking laterals are either not the ones on a great trajectory or have a horrible culture.
I've seen less than a handful of VP-level mandates for NY metro funds since the summer. Only geo I am interested in.
Mind DMing or sharing the names here? Curious to see if we’re seeing the same ones (have seen Garnett, NMC, Catterton), but agreed there have not been that many in NY
Also veritas
Baypine, Oak Hill, Growth Catalyst are some others.
bump
Bump - any pick up at VP?
“We expect to be really busy in Jan” for Sr. Assoc / VP - this from several of the big HH’s. Of course, they’ve been saying this for 6 months, so better start exploring your backup options now before you hit end of Q1 with no leads.
Have heard "60 days out" for over a year at this point.
I think people are to bullish on 2025 come back. This will take time
Exactly, I think it’s pretty naive to think we’ll just turn the faucet on and sponsors will start raising on accelerated timelines again and bringing on more talent. You’ll certainly start to see more funds come to market in ‘25 and ‘26 but I suspect lateral hiring will be pretty measured. Firms also know there’s so much talent sitting on the sidelines, more talent than available opportunities, so expect processes to be more drawn out and selective. Most of the candidates were even interviewing for lateral roles are people that left their prior firm and have just been unemployed
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