Buyside Fund Finance – what does it entail?
Incoming AN1 at BB for this group, and have been researching exit opportunities for the role to see what is attainable a few years down the line. I have seen some people on LinkedIn in fund finance at MFs like BX, KKR, etc. and was curious to see what this type of role looks like and if there is a justifiable comp increase from banking counterpart to make the exit
Based on the most helpful WSO content, fund finance roles on the buyside, particularly at major firms like Blackstone (BX) or KKR, typically involve managing the financial operations and capital structure of the funds. This includes responsibilities such as:
Exit Opportunities and Compensation
If you're considering this path, it's worth noting that while the role may not have the same "deal-making" allure as traditional investment roles, it offers a stable and strategic career trajectory with exposure to high-level fund operations.
Sources: Accounting vs Finance: Part 1 – Career Paths, Finance Career Path & List, Breakdown of Post-IB Exit Opportunities, An old man looking for advice, Why Buy-Side M&A is So Important
If you’re in a fund finance group (I’m assuming wf because most banks classify their ff groups as corporate banking) you will not exit into a buyside role on an investment team. You could maybe work in fundraising or IR. It translates much more into corporate banking and lending roles than actual investment roles, and no one knows what the product is.
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