I’m a mid-level (ignore title). Joining another fund that plays in a similar space as my current fund. I plan to put in my two weeks. Any thoughts on what I should expect?
| +89 | Nothing to do at work & bored to hell | 9 | 17h |
| +67 | Do people over-index on 'moats' | 22 | 10h |
| +52 | Predicted Net Worth in Trodden Finance Path by 60? | 20 | 17h |
| +44 | Biggest (avoidable) failures in PE Investments? | 25 | 12h |
| +38 | Why is ROIC never really a topic when looking at companies IRL | 11 | 4d |
| +24 | What do you think of PE Value Creation Careers in 2026? | 6 | 2h |
| +19 | Senior IR Lifestyle | 3 | 6d |
| +12 | NY LMM PE Recruiting | 3 | 1d |
| +12 | Honest opinions needed about lateraling | 4 | 2d |
| +12 | How to approach Buyside Recruiting | 3 | 5d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Garden leave would be in your current contract.
There's no upside to telling them the name, and most people won't push for it anyway. It's fine to say you're going to another firm in PE and leave it there.
I lateraled at the midlevel. Generally your old firm will attempt to get you to sign a Release & Seperation Agreement. Recommend negotiating in clauses that say that they waive the fact that you are "competing" as a reason to take away your vested carry. May also want to clearly define how much carry has vested in the document. If you approach it in good faith they should play ball, but may be case by case.
Even when things are amicable? Also, how much garden leave did you get prior to joining your other fund?
Est repellat quis aliquid eos. Nihil officia non ab.
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...