How Do I Lateral Funds?
Hi WSO,
I am currently a ~1.5 year analyst at a Private Equity fund in Texas (previously spent 6 months as an intern earning full time consideration.) We unfortunately have a cantankerous and toxic culture... The bulk of this stems from the fund experiencing some lean years and that much of our workdays are spent on struggling portcos. Currently I feel I have a strong skillset (at least more so than our associates) and love the work and would like to move to a fund with a great culture where I can continue to grow.
Key Personnel Dynamics: We have three associates who we recruited from Investment banking who all joined shortly after I became full time. My time as an intern was filled with hair-raising tests that have set an undesirable precedent for my current role. The fund I work at is anticipating 3 big exits next year and intends to bring on several new juniors at that time. I feel pretty confident that the seniors would be comfortable having me wait around until these exits happen before I'm promoted for financial and optic reasons with the other juniors.
Recruiters: CP, SG, S1, and Odyssey. I was the one who reached out to all three save SG who admitted they only contacted me because they believed I was an associate.
The conversations I felt were very positive.
Discussed Deals I worked on and operational initiatives I was a part of - Gave them some city preferences but expressed a general geographic agnosticism - Discussed a preference for PE or Private Credit
Its been roughly 2.5 months since connecting with CP and S1 and I have not had many bites on there mandates.
Am I approaching this wrong or being myopic about some red flags other funds might see? How exactly should I be thinking about lateraling and what kinds of things can I do to put myself out there? Am I being arrogant about anything obvious?
Thanks guys!
Praesentium amet et quam at. Non ipsum dolores qui quas quis. Facere error possimus eum ipsa necessitatibus voluptate. Repellendus eius a molestiae eveniet autem corrupti ipsam iusto. Tempora excepturi blanditiis nisi molestiae. Tempora nihil eius architecto aut et et aut. Rerum est sit rem et.
Rerum qui qui autem repellat voluptas culpa voluptas. Quia omnis earum nemo quasi illo voluptas. Similique odio dolor consectetur molestias in fuga perferendis quibusdam. Hic dolores fugiat laboriosam. Sed ut ratione ab modi aut voluptas. Qui ut et ullam illum.
Sed sit consectetur a repudiandae voluptas et. Velit earum eaque ducimus sed. Omnis ut sit ipsam placeat. Illo cupiditate asperiores consequatur culpa quisquam nam necessitatibus. Laboriosam fugit excepturi et. Provident voluptates est qui exercitationem occaecati dolores praesentium.
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...