PE Asset Management/ FoF / Consulting - Career Path
Recently finished undergrad and accepted an offer at a PE Asset Management firm. Hoped to work on a team doing PE secondaries or co-investments (transaction based work), but ended placed on a team doing manager due diligence. While the work is interesting with a ton of exposure, I am worried I am wasting my time developing skills that will not help me when I want to move into a more transactional role (PE/Banking/Corp. Dev). I do have substantial modeling skills, but I worry not using them in my current role will dilute their value in the eyes of recruiters/hiring managers.
It has only been a few months, so I wonder if it would be a mistake to look to move into a transaction-based role now, or is the sooner the better?
Appreciate any feedback,
You definitely want to ask to work on more transactional related stuff, such as secondaries or co-investments. The longer you're doing manager selection, or "FoF work", the less credible your technical skills/abilty become. At that point moving into secondaries could still be an option, but going into direct PE become virtually impossible in my view.
Move ASAP. It is not transferable and it'll be very, very difficult to move to a transaction-oriented role if you're not doing direct deals (secondaries / co-investments).
On a side note, I'm pretty sure I know where you are and have had friends in the same position. PM me if you ever want to chat.
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