MM PE at growing fund vs wait for on-cycle?
Looking for any and all insight into the trade-offs between joining a growing MM PE fund (Fund 1 <$500M; Fund 2 <$1B; about to start Fund 3 in the next 16 months) vs waiting for an UMM/MF role in on-cycle. I'm at MBB now.
In my mind, the MM offers:
- Better long-term comp than MBB (though short-term trade-off vs MF); MBB partners anywhere from $2-7M vs a higher ceiling in MM PE (but how high? $10M? $20M?)
- Better path to partnership vs UMM/MF PE
- Better overall learning and development (more deal volume, more proximity to MDs/founder, better culture -- as opposed to a 2 year sweatshop program where you're one of 12 on a deal team going super super deep on diligence & hoping to get 1-2 deals done the entire associate experience)
Any insight into things I should be considering, how to evaluate a growing MM fund, etc. would be beyond appreciated.
In nostrum et corporis eius. Ratione aliquid numquam nisi minus corrupti. Et et omnis reprehenderit quas. Fuga numquam ab sit illum aut cumque beatae.
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...