Opinions Needed
Hi all, I would like opinions on whether taking up a private fund placement job after graduation is better than an IBD analyst graduate programme? Looking at the market conditions right now, I was thinking of taking up the fund placement job but I have no idea of any exit opportunities available after working for 2 to 3 years. Please let me hear your views on this. Thanks!
I work for a fund, and if you mean you'd be assisting in fundraising, that is deathly boring and there aren't really any exit ops. As well, given the current financing environment, funds are finding it tougher to raise money so it may not be as safe an option as you think.
Hi LdnMezz,
Yes the job will be fundraising for a number of private equity funds and venture capital funds. I was thinking of an exit ops towards the financial sponsors coverage team in the IBs or maybe joining the private equity fund itself, what do you think? Thanks for your input!
juniours in these funds tend to do a lot of the processing and run the process from a juniour perspective, but you don't tend to develop many (if any) technical skills. The value add in that sort of business is the relationships you have which enables you to introduce your client to a wide # of potential investors, and your general knowledge of the fundraising climate. Your exit ops are certainly doing the same thing but for a bank. However, think logically, what skills do you have to offer a financial sponsor if you want to work on the execution side when all you've done is fundraise? You'd have no clue about valuation etc. My impression is that it is a good job when you're more senior but opens you up to being very typecast early on.
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