Fund-of-fund Internship - Yay or Nay?
Hey folks,
I'm an undergraduate in Singapore. Was offered an internship (research and due diligence) at a PE FoF with a considerable global AUM but less so in Asia. The firm plans to expand so I reckon if I perform well my chances of a full-time conversion is rather high. I do not have other internship offers in the bag.
I was wondering if this path would be ideal, if my longer term goal is to be running a fund (as a partner) that does direct investments? Would the traditional IBD - PE path better equip me with the requisite skills and network? Or perhaps the Big 4 Corp Fin pathway would be superior too?
Would appreciate any advice, cheers.
Well if you don't have any other internship offers wouldn't the logical step be to take what you have?
If you want to run direct investments, the best path is IB to PE. FoF experience won't be as helpful.
If it's your only option then something is better than nothing, right? Sounds like a pretty good opportunity to me - especially if you don't have any prior research/due diligence experience.
Thanks for the feedback folks. It seems like IB is still the ideal route to a fund that does direct investments.
I was thinking of applying for other internship openings but I suppose this opportunity is still worthy on its own.
Have any of you heard of people who moved from an FoF to direct investment (without prior direct investment experience? Anything in particular who enabled the move?
Cheers
Can happen if your fund does co investment
Sed aut quod eum illum et. Sed ad veritatis repellendus et officiis voluptate blanditiis. Temporibus molestias dolore quisquam consequatur non quia tenetur. Odit qui ut ut nihil.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...