Anyone ever attempted to reengage with a fund you rejected?
Turned down an offer at a MM PE fund ~2 years ago and now really regret it. Anyone had success reaching out and asking to reengage? Is it best to go through the firm or the headhunter in a case like this?
Reengaging with a fund you previously rejected is definitely possible, but it requires a thoughtful approach. Based on the most helpful WSO content, here’s how you can navigate this situation:
Direct Outreach to the Fund: If you had a strong rapport with the team during the initial process, reaching out directly to someone senior (like the VP or Principal you interviewed with) can be effective. Acknowledge your previous decision, explain how your perspective has evolved, and express genuine interest in rejoining the conversation. Be concise and professional.
Leverage Headhunters: If the fund used a headhunter for their recruiting process, it might be worth reconnecting with them. Headhunters often maintain relationships with funds and can help position your renewed interest in a favorable light. They can also provide insights into whether the fund is actively hiring or open to considering you again.
Timing and Messaging: Timing is critical. If the fund is actively hiring or has a need for someone with your skill set, your chances improve. When crafting your message, focus on what has changed since you initially declined the offer—whether it’s new skills, experiences, or a clearer understanding of your career goals. Avoid sounding desperate; instead, frame it as a well-considered decision.
Be Prepared for Mixed Reactions: Some funds may appreciate your renewed interest, while others might view it skeptically. It’s important to be prepared for both outcomes and remain professional regardless of their response.
Ultimately, whether you go through the firm or the headhunter depends on your prior relationship with the fund and the circumstances of your initial rejection. If you’re unsure, starting with the headhunter might be a safer bet, as they can gauge the fund’s openness to reengagement.
Sources: Getting back into PE after a risky startup HF, Exit as a VP because lost interest, From PE >> Startup >> Back to PE, PE Recruiting Failure
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