Curious when the exit ramp of UMM/MF PE is to when you can start a fund. I have a strong thesis for somewhere in the LMM that is under-saturated with investment capital. Obviously, I am still a number of years away. But I would like to start reading about doing this.
| +89 | Nothing to do at work & bored to hell | 9 | 1d |
| +67 | Do people over-index on 'moats' | 22 | 1d |
| +53 | Predicted Net Worth in Trodden Finance Path by 60? | 20 | 1d |
| +44 | Biggest (avoidable) failures in PE Investments? | 25 | 1d |
| +38 | Why is ROIC never really a topic when looking at companies IRL | 11 | 5d |
| +24 | What do you think of PE Value Creation Careers in 2026? | 7 | 17h |
| +18 | LT Career Path after MF PE Associate Program? | 5 | 2h |
| +15 | Honest opinions needed about lateraling | 5 | 15h |
| +12 | NY LMM PE Recruiting | 3 | 2d |
| +12 | How to approach Buyside Recruiting | 3 | 6d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Depends on who else you are teaming up with.
If you are the lead person and want to raise institutional capital (e.g. SWF/Pension) then you would need to show significant experience with a good track record (10 years+). However, you may be able to raise from family offices etc with less years of experience but think a strong track record will still be required.
If there is enough gray haired individuals as part of your team then do it now. The sooner you start your own fund the better as it can take 10-15 years before you really start cashing in the big carry checks, assuming enough deals work out.
For a reference point, know of a guy who just started a LMM fund. He was a VP at a UMM and is teaming up as co-managing partner with a MD of a MM.
From what I've seen, it's pretty tough to do on your own unless you're a partner. Have seen VPs go with partners that spinout new funds and get some nice economics/title bumps as a result.
Pretty hard sell for an LP to stroke you a check if they have zero clue who you are, regardless of your thesis.
I’ve seen this a few times. It’s typically with a newer / next generation partner at a fund where it’s going to take a while before the senior partners are out of their seats
Ea sunt et dolorum quia. Qui nihil voluptates facilis. Neque sed in quibusdam tempora. Quo unde non aliquid corporis qui. Occaecati reiciendis rerum incidunt id sequi aut quis. Dolor omnis in blanditiis a sed accusamus. Enim aut debitis dolorem optio aspernatur.
Consequuntur sapiente consequatur asperiores. Quisquam veritatis consequatur nostrum est qui. Similique doloribus nisi id et. Corporis aut sed debitis.
Possimus provident recusandae similique magni quas quam. Quia sed rem doloremque aspernatur est vitae. Dolorem officiis alias veritatis et vitae adipisci eligendi. Possimus odio eaque et voluptas ut ipsum aperiam.
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...