PE Exits in Hong Kong
Just transferred from my BB in nyc/sf/london to Hong Kong for family reasons. Just started as an IB analyst. Ignore title.
Was ultimately wondering how the exits to PE are? I understand there is MF presence. Whilst MF is obviously oversubscribed, how feasible are exits to UMM/LMM? Will headhunters approach me? Is it even structured or more random? I am told that HK has much more career bankers and less exit. Is this true?
Although I like my bank and team (so far), I of course am still interested in knowing whats out there.
Also, as I quite literally just started, I was wondering how the working conditions are on the street. I have a vague idea from my team, but was wondering what the street average is. Same for bonus - how many months is normal? Many thanks.
There aren't many UMM/LMM funds that are HK-headquartered, at least not anymore. Most funds of sub-$1 billion in size are country-focused or regional (SEA, ANZ). Even most MFs are now staffing regionally rather than having a HQ in Hong Kong they staff out of. HK used to be the base in which MFs do deals in China or Southeast Asia but not anymore. Most IPs are now based in SG and a handful in mainland China for any Chinese deals they may or may not do, since China is deprioritized now. Most MFs with pan-Asia funds (KKR, CVC, Bain, EQT Asia, TPG, Blackstone, etc.) are focusing on India, Japan, Korea and Australia, with the likes of CVC and TPG doing a bit more in SEA. China is basically a no go right now unfortunately
Agreed with what was mentioned above - I was trying to lateral to PE in HK, but it was way much harder than I imagined, because of the PE landscape here in HK is so different from the US...
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