Industry Changes in P.E
I have the opportunity to work for the Private Equity team in a big investment management firm as a second year analyst... however this team focuses on Agriculture and Timber. My background thus far is Global Economic Strategy for investment management firms; so they were interested in me because of my skillset to help them with the due diligence part for their global deal flow, but I will also get good experience with modeling, deal flow, and everything PE day to day work. However, my main question is will working for a team that focuses on a specific niche hurt me in the long run (in terms of will I be stuck in this industry and if so, how are the prospects for PE in this agriculture industry)?
Sorry but want to clarify that I want to build a career in alternative investments; what specific route that is (real estate, opportunistic, private equity) that I am still trying to figure out.
Sounds like you already know the answer. Ag and Timber is a super small niche and chances are you get stuck there. The prospects for that industry are not good. There will always be some level of demand for it but I don't see it ever becoming more than a small niche..
Thank you!
At the junior levels industry specializations are generally not held against you when you try to go to another firm / industry / generalist firm. As long as your deals show you have a skillset that translates. It's when you get to the Senior Associate/VP role and you focus on an industry is when it makes it harder to switch. So go, do some deals, but focus on learning all the skills a generalist PE investor needs, and you'll be marketable for a lot of places in 2 years
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