Issues with joining a 5 person PE fund
In the final interview steps for a small fund.
Where I am at now is a good real estate investment group. It is a family office but has strong access to capital. It has a pretty good industry rep, with exit ops including the likes of Oaktree and Carlyle. However, they have major issues with comp (have not paid bonuses in 7 years). I am in the acquisitions group.
The other opportunity is at a small family office with ~$800MM AUM, and this fund ($50MM) is the only PE fund i.e. the other money is in typical wealth management dollars. They invest $5-10MM in small companies; this amount generally gives them a controlling position. However, the comp is better and hopefully more secure. If my current shop paid a bonus, it would be a 15% bump, otherwise it is 50% bump. The experience is more broad PE work, including acquisitions and working with portfolio companies.
Everything in me says this is a very risky move. I feel like my current shop provides such diverse re experience that I would have better exits ops, but the no bonus is killing me. The other will likely pigeon hole me to $400MM vanilla PE funds, but I want (need) the money.
Anyone have thoughts on this?
Omnis placeat est odio beatae unde quaerat dolores. Molestiae eius aliquid necessitatibus non. Voluptatibus eum unde omnis mollitia omnis. Qui facilis assumenda sunt qui. Officiis inventore corporis perspiciatis necessitatibus fuga repudiandae enim.
Ex odit et nihil laboriosam. Dolor eos culpa eaque nihil omnis. Dolorem expedita tempora delectus eaque eligendi. Asperiores sapiente est impedit enim aut quam modi. Omnis atque magni fugit. Omnis at molestiae aut hic. Et incidunt earum repudiandae quas ullam esse.
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...