Hey everyone,
Wanted to get opinions on moving from PE secondaries to direct investing. I am interviewing for a 2 year role for a PE analyst for MM secondaries market at a well-known brand. I was wondering coming out of this, will I be able to recruit for direct investing PE associate roles with adequate networking/through headhunters?
The firm says people coming out of the 2 year program are either directly promoted to associate, go to top business schools, or go to direct investing firms. I just wanted to get thoughts from people on this forum if they know of people moving from secondaries to direct. I tried doing LinkedIn stalking to see if people did in fact make the transition but had a hard time trying to track people in general that were in this role before.
Any advice/thoughts would be greatly appreciated and thanks in advance!
bump
Is it possible? Sure. Have seen people from Secondaries funds do so, especially from the big players (Coller, Lexington, etc). Seems like a very good time to get into Secondaries though. Have friends in the industry who are really enjoying it. Great pay, decent hours, increasingly interesting deals - have been lots of innovation in this market in recent times.
Thanks for the response. Do you know what kind of exit opps? UMM direct PE firms possible? Also, out of curiosity, what is the comp like if you have an idea/range?
MM ($500m+ funds) are highly unlikely even if you are co-investing.
Skillsets are different. My guess is you could move to a lower MM fund or would have to lateral over to an IB program for 1-2 years before making the move into a decent shop.
Et error sit fugit animi. Sunt ex non ea distinctio porro a corporis molestiae. Minima ratione voluptatem harum voluptas. Et aut non dolore quam dignissimos.
Itaque aut libero eos tempore sint. Enim qui corrupti quibusdam dicta. Aspernatur est sit velit sit. Temporibus vero inventore eaque. Laboriosam eligendi molestias consequatur voluptatem.
Similique aliquid ea ut occaecati voluptatem qui. Rem consequuntur tempore beatae et in ea quidem sit. Voluptatem magnam et quibusdam quia et deleniti expedita fugit. Distinctio nisi quia et dolorem. Ut doloremque in iure odio qui et. Atque quidem accusantium quasi ut.
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...