Director of Strategic Finance @ 3B Pre-IPO MF Port-co
Have a unique opportunity to join a Pre-IPO MF portco (current valuation $3b) as head of strategic finance / M&A in a sexy space.
Comp and equity package seems very attractive.
Has anyone gone on to a role like this? What was your experience? Are exit ops post liquidity event generally another platform in the space, or going back into PE?
Can you give a little more insight on your current background? If your user tag is accurate (you're a first-year analyst), the feedback is going to be different than if you're already in private equity.
Just updated - I’m an associate in MM PE
Apparently the OP won't show your updated user tag if you change it. WallStreetOasis.com - you may want to ask your team to check this one out.
Cool.
If this is your third job (banking analyst, buyouts associate), there are a couple common paths.
If this is a two-year stint (which usually happens when you're taking a role reporting to the title that this opportunity seems to be), the most frequent next thing is business school and a subsequent attempt at post-MBA recruiting or the lateral hiring market. In that latter scenario, you're usually looking at senior associate positions, which is shitty because it's like a firm fails to reward you for the fifth and sixth years of experience because they give you the job that corresponds with those same fifth and sixth years in the career trajectory. So a lot of people do school since it lets them target the partner-track positions at firms that use the MBA pipeline to look for VP candidates and pay them correspondingly.
If this is a stint longer than two years, you're probably going to enjoy more traction with another role in the same vein as this one. This opportunity seems to sit here. I know titles vary widely, but you presumably report into the CFO and are the guy for M&A and corpdev tasks. That's dope, and you probably would leave a lot of juice unsqueezed by leaving too soon. So if you're gonna do this, you probably want to be there for four or so years so that your equity fully vests, you get through not only a number of acquisitions but also their subsequent integration such that you can speak to that aspect strongly, and ideally also the platform's IPO.
You can see how if that's the total basket of your experience, not only are you very prepared for the same role (or ideally, the next level up) at another platform, but you aged in place long enough that it's hard to reinsert yourself in the cookie-cutter career progression of private equity. You're 8+ years into your career, which makes b-school a less palatable option both for you and for an adcom. You've gotten used to the lifestyle (heavier hours with deal sprints, but entirely different than the consistent inefficiency and manufactured urgency of private equity) and probably filled your life with things (hobbies, relationships, rhythms) that you'd sorely sacrifice to get back on 'the track'.
This role sounds cool. I hope this is helpful for you assessing it with clear eyes. Don't be scared, just be aware.
This was extremely informative and won't be able to get through it until end of day. Will get back to you. Thank you.
My immediate response is this has been advertised and is being hired as a career track role with emphasis on staying at least until exit in 3-4 years.
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