Close Relationship with PortCo CEO
I am in a really fortunate position where I am very close to a CEO of a PortCo that is backed by a UMM PE firm (10-15 partners).
For more context, this portfolio company is a pretty well known consumer/retail company. From what I have heard as well it is also one of the most valuable companies the fund owns. I was talking with the CEO and casually mentioned how the firm that backs his company is like my “dream shop.” When I told him this he made the offer to introduce me to some of the people he knows well there. That being said I took him up on the offer and he has set up a call between myself, 2 partners, and a director.
I am currently at a lower BB/ top MM bank in one of the firms best groups. Additionally, I attended a semi-target banking school that has some decent exposure to PE.
I am curious what my chances look like here for getting an opportunity at this fund or how I could navigate this opportunity to get a solid look from the shop.
Pretty unique situation but I’m sure this isn’t the first time this is happening. Someone have any insight on how I can navigate this? I have obviously done quite a bit of research on the fund, investment strategy, etc.
Just want to get some advice really
Bump
It’s better than nothing. Best case it leads to an interview and from there it’s yours to lose (although high likelihood that’ll happen)
Do you think there is a high-likelihood I don’t convert? Not sure I understand what you are implying
Yes that’s always the most likely outcome. Just do your best, at least you have the interview
I sense you have some optimism that these conversations may lead to a full-time associate role at the fund. I would say that that optimism is well placed -- you wouldn't get time with two partners and a director if not.
That said, you still need to treat this as an informational interview because you may come off presumptuous if you don't. And at the same time you need to be prepared as if this is a full interview because they might launch into that direction.
In short, I think this intro you got is a double-edged sword. You got a bit of an inside track but you actually have to double up on your preparation.
In any case, I would recommend you take charge of the conversation and let them direct you into a more traditional interview questioning if they like. Below is a structure I would suggest
The tricky thing is if they do decide to actually interview you, you will need to also be on top of your game. So a bit tough having to prep both ways but it's definitely a leg up to get an intro like this.
Really appreciate the insight, thank you
I totally thought this was going to be a work-related sex thread based on the title.
Very disappointed
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