Lower MM Activist Fund or PE? - IB Analyst

Hello,

I am a 3rd year analyst in a coverage group at a BB. I have been focused on getting into MM PE, however this has not panned out. I would like to own / run a business one day and have an interest in investing. Therefore, I have targeted PE as I believe the skill set is very transferable.

I am now quite far along in interviews at a small (~10 person) activist fund and I am considering taking the offer if I get it. I have a few questions:

  1. How comparable is the skill set between activist investing, and buyout PE? (Identifying inefficiencies, suggesting ways for improvement etc.)
  2. Does working at an activist hedge fund "pigeon hole" me for any other opportunities on the buy side?
  3. If I still was interested in making a move to PE, would working at an activist fund be a burden (compared to staying in banking - I will be an associate this summer)?
  4. How hard is it to break into PE after business school (with an IBD / HF activist background)?
  5. What are the main things I should "look out" for at the fund? Assuming I get the offer, I was planning on asking for returns - is there anything else I should do my due diligence on to look "under the hood"?
  6. Comp is around $100k base (have not discussed bonus). What is market for a small fund (~10 people)? This is NYC.

Thanks

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