HF -> PE
Hi folks,
I was wondering : at a junior level, is it possible to move from a fundamental L/S HF Analyst position to an Associate position in pure PE?
Does it make sense in terms of learning curve to dig on the modelling side at such HF and bring this expertise into a PE associate role ? (VS traditional M&A background)
On a different note, where would you go between Fundamental HF and PE at this point of the cycle as a junior ? (Meaning not sure which LT career path is best for you, even though preference for private capital in the long run, and willingness to learn as much as possible in the coming 3-4 years).
Thanks All!
Know someone who did it, but it was after his fund got acquired by a PE firm looking to expand into public investing. Asked him about his career and he said he is a rare case so prob your best bet is MBA.
Thanks - any other thoughts ?
I also know someone that did it.
Path was Ivy League undergrad -> top IB -> two top credit hedge funds -> MBA at same Ivy -> PE as senior associate.
I asked him about it. He said in his experience it’s really rare, and the only reason he was able to do it was because of his network out of undergrad.
That being said, I’ve been a part of the hiring process for newer shops and think some LMM firms would at least entertain the idea. Doesn’t mean you’d get it, but think some firms could be yours to lose if you position yourself appropriately. I think traditional MF PE is likely out of the question barring some connections, etc.
Super helpful thanks !
Tbh, I do not understand why a Credit / Equity HF would be a « wrong » path to go to a junior PE Associate position VS other options (mostly M&A / Consulting).
I feel like some of those funds go deep into sectoral drivers / micro modelling - which can only be a good thing for PE in my view ?
I suspect pb is lack of deal exp (but are you really gaining that as an Analyst in IB ? Real question here, as a junior myself).
Anyway - I get you both on the fact that it’s safer to go asap to private markets, instead of trying 2y of public investing first.
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