I was headhunted for a PE complex secondaries team. Does anyone know much about complex secondaries?
The headhunter said it's a very technical and intense role that is far more technical and challenging than traditional private equity secondaries.
I was wondering if this meant complex secondaries would pay more or have longer hours compared to traditional PE secondaries?
| +26 | How to Secure Higher Carry Award Before Promotion | 5 | 3d |
| +21 | The Difference Between a Good Business and a Good Acquisition | 5 | 21h |
| +19 | Carried Interest Tax Question | 3 | 6d |
| +14 | Partners misalignmet common? | 4 | 11h |
| +13 | Leave MF PE for FP&A Manager at Top Company? | 21 | 1d |
| +12 | H.I.G GP Solutions / Secondaries Team | 3 | 20h |
| +12 | Career / Life Crossroads | 1 | 1d |
| +10 | How to prep for HH calls? | 3 | 2d |
| +7 | Wildcat (family office) - senior associate hiring | 1 | 3d |
| +7 | Stepstone PE Modeling Test | 3 | 3d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
I would assume the HH is referring to fund-level restructurings vs vanilla secondaries. Given the GP has outright control, fund restructuring are highly negotiated. I reckon that results in an arduous deal process and more detailed modeling of the companies and rollover economics.
Most secondary shops advise on both types of transactions, so wouldn’t assume pay is any different. Hours are also going to be comparable between roles. You will probably be working on fewer GP-led restructurings, but each will be more time consuming.
Cumque eligendi et voluptas autem excepturi eius autem. Quis accusantium a sit id libero voluptas minima vel. Voluptatem fugiat enim veritatis nostrum ratione excepturi.
Debitis numquam qui esse qui sit vero aut. Omnis dignissimos aliquam tempora blanditiis. Accusamus commodi optio beatae odio placeat impedit libero. Nisi consequuntur voluptatem dolorem eligendi sit et numquam. In dolor ad dolores fugiat et hic temporibus magnam. Delectus expedita molestiae amet architecto.
Quos vel rerum minima qui atque ut et ipsum. Voluptas ipsa porro inventore unde.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...