Credit to PE
Posted this in the credit forum but thought I’d get thoughts from the target demo as well.
As the title suggests, I am looking for a new job (outside of credit). Nothing wrong with the career, just not my ideal long term investing style.
Started out of college in MF credit but finding little luck in finding opportunities outside of credit investing. Two years in, I feel technically competent and that I have a fair amount of reps given the velocity of transactions in PC. At this point, with another year here, I feel that I’m risking pigeonholing myself as a credit investor and prefer to leave sooner than later given I already know this is not for me. However, I feel like it’s been a tough battle convincing recruiters that I can do the job of a PE associate.
How do I best position myself to pivot?
Specifically would like to pitch myself to PE / special sits type investing roles. Want to invest with greater influence on outcomes and get more intimate with the companies I deal with.
Bump.
Shouldn’t be a problem to do growth, MMPE, special sits or HF - presumably your in contact with headhunters
Should not be a problem if you are fine with moving down fund size. Your MF brand should be good enough to pivot to a MM fund. I am currently in the same position. Not working at a MF but more at a UMM and I am in multiple PE associate processes right now but larger PE funds will reject me due to missing EB/BB M&A experience.
Confused on why you would want to move from PC to PE in this environment.
Um, not to come off wrong, but are you aware you’re in a better spot in our current economic cycle?
From a market-timing perspective, I’m sure it’s way better to be a senior person on my team than in many places in the industry. But from a career fulfillment / end game perspective, I feel like this is not the way I should pick what I do with my life
curious - howd you end up doing
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