Corp Dev to PE
Hi all. Long story short I had an IB role lined up for after I graduate, it was rescinded, and now I have a corporate development role at one of the largest power and utility companies. (edit: the corp dev team is a “pure” deal team. There is an entirely separate corporate strategy team. And going back the last 5 years we have completed 1-3 deals a year in the $200m-2b range).
I was wondering what you all think about doing 2-4 years of CD and then applying for PE roles?
Some preliminary thoughts/additional context:
I know this is not a standard path but I haven’t really been able to figure out if that’s “just” because CD professionals generally don’t want to go into PE or if PE firms are the ones that are basically shutting the door.
I also know that infra PE is a thing and, while I have no issue with doing that, I want to be in Chicago and I don’t know of many infra PE firms in Chicago. I figure mega funds probably wouldn’t give me the time of day which is fine. I would prefer MM anyways. Would it be smart to target PE firms that hire a lot of consultants since they have already shown they are more… willing to go outside the “standard” IB-PE path?
For reference, I majored in accounting and finance, I(solely because I was able to sit for the exam, not because I hate myself enough to do accounting full-time), I am graduating law school in May which I went straight into from undergrad (aka my tolerance for self-harm is astronomical), and virtually all of my work experience (pt jobs/internships/this corp dev role) is finance related.