Lateral hire from a second-tier secondary shop
Currently working as an associate at a second-tier secondary shop (think Adam Street, Stepstone), doing both GP and LP led deals. With 2-3 years of associate experience, is it possible to move to a brand-name shop such as Coller, Lexington, Glendower, etc? Does anyone have similar experiences? Do I need an MBA?
Ya it's possible. Comes down to knowing the recruiter and getting an "in" from someone that works there. Start networking / messaging ppl on LI. TBH, I'd call Adams Street Tier 3 but no biggie lol
Why is Adams Street tier 3?
That made me raise an eye brow too. I don’t consider them tier 3 by reputation but if you were to group investors by check sizes: leading with $100m+, leading with under $100 and syndicates… they are more often than not a syndicate which would in theory make them tier 3. But they can stretch to lead/co-lead smaller deals which I think makes the tier 2/3 categorization accurate.
Obviously “ranking” by check size isn’t perfect and I think the firm overall has a good reputation.
Nothing to do with fund size or cheque size. More about quality of deals they do, quality of staff, returns. IMHO they're just a beta player buying mid market funds for a small discount - nothing special and zero edge apart from using their primary business to gain intel.
Isn't AS a top-tier name in the FoF space?
Ratione aliquid illum consectetur amet unde qui et laborum. Vero voluptatibus voluptas ut necessitatibus aut eveniet. Mollitia quod quam aliquam velit doloribus cum rerum.
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...