PE Exit to Slower Paced Investment Role out of NYC
Hey all -
I'm a second-year PE associate at a UMM fund in NYC. I am looking to get out of PE and NYC in search of a slower pace of life while still doing some kind of investing.
I'm gravitating towards roles in family offices, pensions, endowments, long-only asset management, or hedge funds. I aim to step away from the high-intensity deal life, looking for something more stable and less transactional. I also acknowledge that part of it is NYC's finance culture, so I am looking to move out and considering Chicago, Austin, LA, and Miami, but I am open to anywhere. I would like to keep comp somewhat high, but I am in no delusion that the combo of leaving to lower COL city and leaving PE likely means a pay cut (particularly for pensions/endowments), although I'm already pretty far along in a process for an FO role that would result in a solid raise and ostensibly the better WLB I am looking for.
Would love insights or advice on:
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Transitioning from PE to the sectors mentioned - how feasible is it?
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Ideal roles within these sectors that match my background - any sectors I am not considering?
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Relocating - any cities among my preferences known for opportunities in these investment sectors?
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Any success stories or lessons learned from a similar shift?
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Anything to look out for with FO roles?
Private credit
Going through pretty much the same thing right now so will offer findings from my own search - responses below are focused on the endowments / foundations (E&F) space as that's what I've been focusing on.
Following.
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