Hi there -
I spent the last 4 years in IB and PE and am contemplating my next step.
There is the opportunity to join an exciting long-only HF with ~$1bn in AuM or a more established mid-market PE platform.
What would you pick? Do I forgo any optionality with picking the HF?
I did some public work in my prior role and really enjoyed it.
| +41 | What are you actually using AI for in PE? | 16 | 1h |
| +33 | Best industry/job for entrepreneurship? | 11 | 3d |
| +25 | Firm not transferring me to NYC | 13 | 1h |
| +24 | Laid off from MM PE - Seeking Help | 9 | 2h |
| +20 | Burn Out in PE - What Comes Next? | 3 | 4d |
| +15 | Buyside in London with nice WLB and pay | 15 | 1d |
| +12 | Value Creation Initiatives (That aren't add-ons) | 3 | 3d |
| +10 | Undergrad summer PE analyst positions | 3 | 5d |
| +9 | Question about HH 2028 | 2 | 4d |
| +9 | Realistic path to Capital Solutions/Spec Sits Groups from LevFin at a BB? | 1 | 2h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Ah, the classic crossroads, my friend! It's like choosing between a banana and an apple - both are great, but it depends on your taste.
If you enjoyed the public work in your previous role, the long-only hedge fund could be a great fit. It's a smaller fund, which could mean more hands-on experience and potentially a broader range of responsibilities. Plus, you might find the public markets more dynamic and fast-paced.
On the other hand, the mid-market PE platform is more established. This could mean more stability and a potentially larger network to tap into. If you're interested in deep dives into companies and industries, and working closely with management teams to drive value, this could be the way to go.
As for optionality, it's not so much about the path you choose, but the skills and experiences you gain along the way. Both paths offer valuable experiences that can be leveraged in different ways down the road.
Remember, there's no one-size-fits-all answer here. It's about what aligns with your interests, skills, and long-term career goals. So, take a moment, maybe grab a banana or an apple, and ponder over what you really want. Good luck!
Sources: Private Equity vs Venture Capital - Differences and Similarities, Traditional Private Equity vs. Special Situations Investing, Difference between late stage VC and growth equity
Itaque est ducimus laboriosam id ea aut. Saepe facilis et minus voluptas quia minus odio distinctio. Blanditiis deleniti porro qui molestiae ea eaque.
Provident alias cum laboriosam deserunt velit nesciunt autem. Necessitatibus et provident est voluptatibus sint voluptas itaque. Architecto quam est ipsum molestiae asperiores pariatur. Libero eos aperiam ea reiciendis deserunt ipsum.
Sit veritatis quod harum iure provident. Nam laboriosam qui quod dicta. Architecto voluptatibus incidunt eaque quis est maiores. Aut eos dolorem et sint rerum non. Nihil est numquam ab sit voluptatem. Sint rerum debitis velit 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...