Lateral Moves within Private Equity
Hello All - to keep it short, I'm hoping to get some insight from the WSO community on lateraling within PE.
For brief context, I'm a tenured associate (2+ years) at a MM investment firm. I'm looking for Sr. Associate roles and am somewhat geographically agnostic.
Recruiting seems a bit slow right now based on the inflow of email from headhunters, but I have the benefit of flexibility in terms of timeline - could start as soon as Dec 2023 / Jan 2024 or as late as Aug /.
Would welcome any insight as to how people typically go about making these types of moves. Should I be reaching out to firms directly, reaching out to HHs directly, both? How do I start getting the ball rolling? What does the interview process for Sr. Associate typically look like? How does it differ from the entry-level Associate interview process I already went through? How can I maximize my chances of landing a role at a good shop?
Thanks in advance.