BofA REGL Group Exits to Corporate PE?
Anyone know if this move is possible? I know most people in this group will exit to REPE, but how feasible is it to land a solid Generalist PE spot?
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Transitioning from Bank of America's Real Estate, Gaming, and Lodging (REGL) group to a generalist position in Private Equity (PE) is indeed a path that some may consider less traditional, but it's not out of the realm of possibility. Here's what you need to know:
Skillset Transferability: The REGL group provides a unique set of skills and experiences, particularly in complex transactions, financial modeling, and understanding of specialized sectors. These skills are valuable in PE, especially in firms that value diverse sector knowledge or have real estate as part of their portfolio.
Networking and Positioning: Success in making this transition often hinges on how well you can network within the industry and position your experience as relevant and beneficial to a generalist PE firm. Highlighting your deal experience, analytical skills, and sector knowledge in a way that aligns with the target firm's investment strategy is crucial.
Track Record of Exits: While the most common exit opportunities for REGL professionals might be within Real Estate Private Equity (REPE), there are instances of professionals making the leap to generalist PE roles. It's beneficial to research and connect with alumni from your group who have made similar transitions to understand their path and strategies.
Recruiter Relationships: Building strong relationships with recruiters who specialize in PE placements can provide insights into what generalist PE firms are looking for and help identify opportunities that are a good fit for your background.
Further Education and Certifications: Pursuing an MBA or relevant certifications can also help bridge the gap between specialized and generalist roles, making you a more attractive candidate for generalist PE positions.
In summary, while moving from BofA's REGL group to a generalist PE role may require additional effort in terms of networking, positioning, and possibly further education, it is feasible. Success will depend on how effectively you can leverage your unique skills and experiences to align with the needs of generalist PE firms.
Sources: Can I transition from restructuring to regular private equity?, Lateraling from Operating PE to REPE, Switching from 'Industrials' to 'Restructuring'., Move from one group to another (as an analyst) within IBD? P&U -> Consumer/Retail, How is BofA’s natural resources and energy transition group?
Know someone that did it recently (extremely qualified candidate), heading to a MF PE for a more generalist role but will say it is an uphill battle and the person went into on-cycle very prepared
appreciate it. why was it an uphill battle? also could i pm?
Sure
thanks, sent you a PM.
Dude stop asking the same thing. Yes it’s doable. I personally know 3 people who did it and are at a MF/UMM. I’m pretty sure Ik the person the other guy is taking about too lol. You cover real estate and GAMING and LEISURE companies which are pretty much consumer. You could cover fitness, cruises, ski resorts, theme parks, etc. Even home building is REGL groups and that’s covered in industrials at other frims
could you PM me?
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