My FUND BLEW UP!
Guys, I had joined a newly formed PE team associated with a regional i-bank that was in process of fund-raising. I left the firm mid last year due to some external issues (family emergency)...recently found out that the main guys who were leading the fund left the firm last year, as a result of which, fund and the team was closed....in my interviewers, I have been explaining that I was working at a great upcoming fund that was being led by successful PE guys, which was true, but now I feel I have misled them...if they ask me during background checks, why can't we reach anyone in your team, they'll find out that my team was closed? wouldn't I look like a schmuck, and would they then discount my prior employer considerably leading them to think that I'm not as smart as I seem? This clearly isn't my fault or failure, but I also don't think volunteering this info is doing me any benefit...
Nah don't worry about it. Good call bailing though.
Why shouldn’t I worry about it Mr George the banker? Thank you
Because funds blow up all the time, regardless of how prestigious the people running it are. Shit happens, no one is going to put something at the fund level on an associate because it wouldn't make sense since you're the lowest person on the totem pole.
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