Hey Monkeys,
I recently started as an Analyst in a regional MM PE shop straight out of undergrad. Work is nice but I am ultimately dreaming of going to a larger fund down the line. My question is: would it be possible to recruit for IB at a BB next year? Have not seen many do this its more the opposite...
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I don't see a reason why you cannot recruit up market, without going to a larger bank.
However, I think there are a few factors that might effect this. Such as:
- Industry specific fund (recruiting for or from)
- Assuming you are not at a Fundless sponsor
- Assuming you do primarily control buyouts
- Assuming you actually control parts of the deal process
But don't UMM funds tend to strictly recruit from IB/Consulting? Haven´t seen that many profiles end up in UMM funds without going the IB route. And agree with all of your points!
You probably don't see it as there is a much smaller sample size, and if you are on the buyside, I would imagine given the opportunity, analyst typically would take the promote
I think funds would give you a look, however, I think you are right you probably do need to do some birddoging on finding the right recruiters.
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