Moving from pension fund direct investing to GP
I was curious what people's views are on the chances of moving from a pension fund's direct investing team (think OTPP, etc.) to a large-cap GP (think BX, KKR, etc.) after a few years.
Specifically I am thinking of an individual who gathered time at a large-cap GP in the past but decides to move to a pension fund's direct investing team for work/life balance reasons. Does this effectively mean giving up on being able to revert to large cap GPs in the future or are moves like that common / happening frequently? Investing styles obviously tend to somewhat differ (primarily with regards to control vs. minority investments) but the overall target universe will remain comparable.
Have read elsewhere on WSO people moving from pension fund direct to GP role. If someone already has GP experience before the pension fund role then would have thought the likelihood is even greater.
I can only speak for London, but I’ve seen some dudes move from Asian/ Arab SWF and public pension funds to UMM/ MM directs.
More often however I’ve seen moves to a minority/ Co-Investment role at one of the secondaries shops (Hamilton Lane/ StepStone/ Harbourvest/ Ardian/ Lexington etc.)
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