How does the interview selection process work for PE funds

If a headhunter puts you on a "shortlist" for a PE fund (aka the headhunter asks you "are you interested in entering the process with this PE fund"), do you still have to go through the resume screen from the fund? How does the interview selection process work? Any color would be appreciated.

Thanks in advance. 

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Ehh hard to know from that terminology exactly what goes on in the background. From a fund perspective, here's the flow:

  • We tell the recruiters how many individuals we want to hire and backgrounds of interest (e.g., # banking (ideally XYZ groups), # consulting)
  • They screen candidates and assemble a resume package --> Usually there's a tier 1 book and a tier 2 book
  • We review the resumes and usually take their guidance on who to interview (usually entire tier 1 book or a subset of the book that they recommend based on cultural fit, etc.)
  • We interview from there, and they backfill with more candidates as needed (either from existing pool or new candidates whose resumes we haven't seen before) to keep providing options as folks strike out and/or get picked up and/or we hire them
 

makes sense. thanks! 

it's hard for me to understand how headhunters would know if a candidate is a "cultural fit" with a firm, after only having a 10 min intro call with said candidate.

Of the resume package that you get from the headhunters, what % of people would you say you actually end up interviewing? is it like 90%?  Do you also look for pedigree as well when looking through the resume package or does the headhunter already screen for that? (GPA, School, Bank, etc.) 

 

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