Family Office Exit Options / Career Questions
I am considering a move from buyout PE to a mid-level role at an east coast single-family office ($1-2bn AUM). Mostly direct investing but typically minority investments (a little exposure to public equities, secondaries, and FoF investing as well).
1) If this role didn't work out, what career paths are still available? Imagine returning to traditional LBO would be a non-starter but would the corp dev / strategy / corp fin also be a difficult jump?
2) Is this strategy pretty common for SFOs? Or do most real players typically do full-buyout?
3) What would comp expectations be for a role like this VP / Deal Lead in a HCOL area (NY/BOS/etc.)?
Based on the most helpful WSO content, here are the insights for your questions:
Career Paths if the Role Doesn't Work Out:
Strategy Commonality for Single-Family Offices (SFOs):
Compensation Expectations for VP/Deal Lead in HCOL Areas (NY/BOS/etc.):
These insights should help you evaluate your potential move and understand the landscape better.
Sources: US cities Ranking (compensation based), Leave PE for Corp Dev VP role?, Where is the compensation in banking? Is it worth taking a pay cut for the long-term prospects?, Is this associate compensation competitive?, Do BB bankers really make that much money when you adjust for the cost of living?
Shoot me a PM, can give some guidance. Worked at a single FO for ~2 years.
Quite tough to exit generally. Does the family office have a sector focus?
Sector focus in generalist but mostly industrials / services.
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