Moving from MM to MF
Hi everyone,
Currently an ASO 1 at a MM PE fund. The fund is not doing well and fundraising looks grim. Have started to consider trying to lateral to a MF. I am in search of 1) learning by being acquisitive, 2) dealing with larger investments and mandates, and 3) comp
Has anyone who has made a similar move from MM to MFPE and willing to share their experience and if they are glad / regretted it? I understand that I will likely start over as an ASO 1 (this is fine) and that I will get cranked (I already am).
Would love opinions on if 1) after first year is an optimal time to lateral, 2) how MFs treat lateralled ASOs (will I get the same deal opps?), and 3) anything else I should be thinking about that I am missing. Thank you
Bump
Have definitely seen this happen in 2021, but lateral associate market is brutal rn from all I gather. Curious to hear others’ takes if different
Have seen a few MM=>MF moves at the Principal level though more recently
What firms?
MM is a broad range but assuming its a reputable MM shop its been definitely done in past, but especially an uphill battle given market
Lmao
This is like wanting to lateral from your neighborhood pickup league to the NBA but worrying that you won’t get enough playtime
Working and finance and thinking you’re as cool as NBA players is so cringy
being above the age of 5 and not understanding a metaphor is also cringey
Idk about cool but senior vps and junior principals make the nba league minimum soooo
What size fund/strategy at the MF? If you can find people in the MF to vouch for you and you're not super picky about fund size / strategy it's much more doable. This is mostly going to be on you though to network and find the opp. Don't rely on headhunters, it's a waste of time.
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