Deal Sourcing PE job
Current BB An2… Have a potential offer to join a PE advisory firm that focuses on deal sourcing for PE firms. Any thoughts on this type of firm? Does it limit my ability to move into a PE or hedge fund type role down the line? What is comp like? Base Is lower than what I currently make, but bonus potential is much higher. They bonus on a per deal basis. Background on the firm: founded a few years ago, small team. Founders are former mega fund PE.
Whats the firm called?
Would rather not disclose the firm
A little confused by your post. Is this role with a PE firm or a buy side M&A advisor that sources deals for PE firms.
I would be skeptical if it is a buy side advisory firm. I would only take this role if you want to build a career in sourcing acquisitions for PE firms.
Also, I am guessing the bonus potential is overstated. I would heavily diligence what other analysts / associates made last year. These roles like to advertise a high OTE but usually only 1 or 2 people are hitting their OTE each year.
Sorry for confusion… it’s a buy side M&A advisor with about 20% of their focus on doing their own acquisitions given the founders background is MF PE.
Could be interesting then. How many of their own deals did they do last year?
Also what is base / bonus structure?
If you want to do traditional PE long term I would hesitate to join a sourcing heavy role. Very difficult to make the jump from sourcing to investing.
If this were in-house BD I’d say go for it, those are some of the best seats in the game IMO. Outsourced origination / buyside work like this is tough. Really tough.
PM me and will be able to tell you right away if the firm is legit / worth entertaining.
As others have said, sourcing can be a great role, just know what you're getting into.
I'd personally look for an actual PE firm with a fund to work at vs a buyside firm, all day. This sounds like a fundless sponsor of sorts.
That said, depending on the founders backgrounds and fund status, it might be worth looking at.
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