Blueprint to approach PE firms

Based on the most helpful WSO content, here’s a detailed blueprint to approach PE firms directly:

Whom to Approach:

• Mid-Level Professionals: They are often more approachable and can provide valuable insights or referrals.
• Partners: If you have a strong connection or a compelling reason, reaching out to partners can be effective.
• HR: Generally, HR is informed after the decision-making process, so they might not be the best initial contact.

Appropriate Messaging:

• Informal Exchange: Start with an informal exchange to build rapport. This can help in establishing a relationship before making a direct ask.
• Be Upfront About Intentions: Once a connection is established, be clear about your intentions and career goals.

Right Channel:

• LinkedIn: Effective for initial outreach, especially for mid-level professionals and partners. It’s a professional platform where you can easily find and connect with relevant individuals.
• Email: Use email for more formal communication or follow-ups. It’s also useful if you have detailed information to share, such as your resume or a cover letter.

Messaging Structure:

1. Introduction:

   • Briefly introduce yourself, mentioning your current role and previous experience.
   • Example: "Hi Name, My name is [Your Name], and I am currently an Associate at [Current Firm]. Prior to this, I worked at [Previous Firm]."

2. Purpose:

   • Clearly state the purpose of your outreach.
   • Example: "I am reaching out to explore potential opportunities within your firm as I am looking to continue my career in Private Equity without pursuing an MBA."

3. Value Proposition:

   • Highlight your skills and experiences that make you a strong candidate.
   • Example: "With my background in [specific skills/experiences], I believe I can bring valuable insights and contributions to your team."

4. Request for Conversation:

   • Ask for a brief call or meeting to discuss potential opportunities.
   • Example: "I would love to have a brief conversation to discuss any potential opportunities and how I might be able to contribute to your team."

5. Attachment:

   • Attach your resume for their reference.
   • Example: "I have attached my resume for your review."

Example Email:

Hi Name,

My name is [Your Name], and I am currently an Associate at [Current Firm]. Prior to this, I worked at [Previous Firm]. I am reaching out to explore potential opportunities within your firm as I am looking to continue my career in Private Equity without pursuing an MBA.

With my background in [specific skills/experiences], I believe I can bring valuable insights and contributions to your team. I would love to have a brief conversation to discuss any potential opportunities and how I might be able to contribute to your team.

I have attached my resume for your review.

Looking forward to hearing from you.

Best regards,
[Your Name]

Additional Tips:

• Volume and Persistence: Just like in PE fundraising, casting a wide net and being persistent is key. Keep reaching out to multiple firms and follow up if you don’t hear back.
• Networking: Leverage your existing network for warm introductions. Warm introductions can significantly increase your chances of getting a response.
• Conferences and Events: Attend industry conferences and events to meet professionals in person. This can help in building relationships and making direct connections.

By following this blueprint, you can effectively reach out to PE firms directly and increase your chances of finding the right opportunity.

Sources: (Mis)adventures in PE fundraising (part 2), Networking into a Hedge Fund? It's Unstructured., Best Practices for Finding Lateral Opportunities, How to Approach Lateral Transfer, How to raise a fund - what I know, and what I'm clueless about