Curious to hear about people's experiences working at relatively smaller MM PE or PC firms with $1-$5bn AUM. Recently finished my first year in banking, wasn't ready for on-cycle but now have an interesting opportunity to join a fund in that range with a cool special sits strategy. I am a weirdo who actually tolerates banking and I was starting to consider this for a long term career, have a good spot right now and a clear path upwards. Do any of you have advice or experience (good or bad) on joining a small buyside shop? Curious to hear thoughts on upward progression, opportunities to lateral to MF, and just general pros and cons. Really appreciate any input
Trending Content - Private Equity Forum
| +60 | Working on Juneteenth | 35 | 10h |
| +24 | From Public Equities to Private Equities | 4 | 5d |
| +22 | Hardest time I have ever seen to be a GP | 3 | 1d |
| +18 | Weighing exit from LMM PC/PE | 2 | 3d |
| Search Fund Internship Vs. Internship at my family's Family Office | 10 | 1d | |
| +15 | Healthcare PE | 6 | 1d |
| +15 | KKR comp for Principal | 10 | 19h |
| +15 | Anyone have intel on Aterian Investment Partners? Culture, Comp, Performance? | 9 | 4d |
| +14 | How to Get on Career Track / Stay Post ASO years | 4 | 15h |
| +12 | LMM groups within larger platforms? | 1 | 5d |
Career Resources
I'm at a startup fund with Fund I in the $200mm range with Fund II fundraising ramping up. Happy to answer any Qs you might have.
Cash comp was at a discount to IB but got just under 100bps carry.
So we looking at all in cash comp in ~150K range? What gave you comfort on such a discount to IB Associate pay? Just curious. Sorry if I am incorrect on the comp range
Probably closer to 200k - 220k. ASO at my old bank would have been ~350k + 50k A2A bonus.
Honestly I knew I was done with IB + getting carry so soon was appealing.
Nice. Congratulations. If the team and culture feels good then def a good move over the long term
Is this in a HCOL city?
How have your hours been?
Do you miss banking/any regrets?
Beatae maiores repudiandae sit omnis assumenda ipsum ipsam voluptatem. Aperiam at dolor praesentium illum. Modi perspiciatis ex est quia esse omnis accusantium. Omnis eveniet aut dolorem veritatis. Odit nostrum id unde voluptatem nostrum labore.
Eligendi quaerat iure et voluptas laborum. Sunt culpa expedita voluptatem velit.
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...