Do associates go to IC?
I work at a firm where associates sit in on all investment committee meetings for the fund regardless of whether or not the associate is presenting. I find these meetings very valuable as they give you a sense for how seniors think about things / what the fund is looking at. Overall feels important for developing (or at least observing) the skill set of a senior PE professional. I have another friend who says they never go to IC unless presenting and wanted to check what industry practices were.
Do associates sit in on IC at your firm?(and what type / size of firm are you at?)
Was previously at a MM fund (~$2Bn fund size) where the entire firm (including middle/back office) was invited to every IC meeting if they wanted to attend -- agreed this was a great experience. Now at a UMM fund (~$15Bn fund) where only the deal team attends IC.
Did you need an MBA to transition?
can people not on the deal team at least dial in?
In my experience, the anyone can listen in on IC is quite atypical. It’s usually limited to deal team plus actual IC members.
There’s all sorts of reasons for this… efficiently using peoples time, trying to keep a somewhat tighter circle on information flow, keeping a smaller audience so people feel comfortable speaking more freely unfiltered, allowing others to play devils advocate without it turning into a dick measuring contest because 100 people are seeing X person challenge you, etc.
from what i've heard, everyone at BX & apollo can and is expected to attend IC (feel free to correct me if i'm wrong) - what are some arguments for why they do that?
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