List of Large Co-Investment / Secondary / Fund of Fund Investors
Hi everyone - wanted to reach out to the community to see who the largest co-investment / secondary / fund of fund investors are. Understand the SWFs / pension plans are some of the most prominent investors, but are there any co-investment groups within large investment management firms? Thinking more about trying to lateral from my current MM PE role to a co-investment fund for better work/life balance.
Appreciate the help in advance.
Thanks!
Is there something you don't like about direct investing?
Primarily work life balance
BlackRock has one but WLB there is almost the same as many MM PE firms and your comp will be significantly less.
Understand the fee structure is less for FoFs. Curious what can a junior/mid level professional earn (associate, senior associate) at a respectable shop.
There are at least two other discussions, if not more, happening on this topic right now:
https://www.wallstreetoasis.com/forums/can-you-make-a-career-out-of-a-f… and https://www.wallstreetoasis.com/forums/qa-pevc-fof-principal
But to copy/paste from one of those threads, there's a decent amount of data about analyst/associate comp on both this site and places like Glassdoor. To highlight a few:
Hamilton Lane notoriously pays below market: https://www.wallstreetoasis.com/company/hamilton-lane/salary
Stepstone pays better than Hamilton Lane: https://www.wallstreetoasis.com/company/stepstone-group/salary
HarbourVest is pretty in-line with Stepstone: https://www.wallstreetoasis.com/company/harbourvest/salary
BlackRock is somewhere between Hamilton Lane and Stepstone/Harbourvest. As noted above, WLB is not good there: https://www.wallstreetoasis.com/company/blackrock/salary/all/all/privat…
Cambridge Associates is more in-line with Hamilton Lane: https://www.wallstreetoasis.com/company/cambridge-associates/salary
Pro tip: If you want to be a good analyst, learn how to Google things first before you ask others. The people you work with/for won't like spoon feeding you data that you should be able to easily find yourself.
Actually have read all the threads you posted above. Have also looked through the database as well, but the numbers all seem outdated and inaccurate. Thanks nonetheless.
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