PE Fund Staffing - Am I Getting Boxed Out?
Want to get a check on what typical staffing is at a GP. I'm a senior associate at a $1bn fund and we've made a couple mid-level outside hires, so want to figure out if my promotion path is getting squeezed or if we're just getting to a more normal staffing level since we've been pretty underwater lately.
We have 3-4 partners, 2 principals, 3 VP's, 4 SA's and 2 Associates (one of which is probably going to be promoted soon). My thought would be that the natural hire is at the associate level, but I recently learned we just hired another VP. So that brings us to 4 VP's and 4-5 SA's fighting for a VP position.
Does this sound like a normal staffing level, or is it an over-saturation at the mid level? I was pretty hopeful about my chances of growing within this organization but the recent hiring has gotten me more concerned. We've definitely been overstaffed lately but i would have hoped that would have been alleviated by Associate hires, not more VP's / SA's.
Have you raised it with folks internally that you want to stay on as a VP? They may just be assuming that you do not and thus are staffing around you. Go have that conversation (after prepping accordingly) if you haven't yet.
Assuming the path from SA --> VP is 1 year....that seems saturated as fuck, bro. Are they planning a massive next fundraise or expansion? That's pretty fucking stacked and I'd assume 4 of y'all gonna get rekt. Which is some pretty retarded planning because I'd assume most of the SA's would leave after getting passed over and now everyone's capacity is even more fucked.
For reference, my ~$1bn fund is something like: 3 partners, 2 principals, 3 VPs, 1-2 SAs, 3-4 Assoc. Even with this, with how lean the teams are, the SA to VP promotion at my firm is still rough.
Yeah...seems that you're getting screwed
Enim numquam quasi nesciunt omnis molestiae. Optio voluptatem quo tempore ut et. Eligendi ratione voluptas qui explicabo illo reiciendis. Totam dolores dolor eveniet porro numquam architecto voluptatem.
Facilis nihil beatae doloribus recusandae accusamus dolore. Aut consequatur recusandae atque. Eum dolor repudiandae quidem consequatur alias incidunt. Hic blanditiis molestias reprehenderit atque est. Ut et et accusantium reprehenderit enim illum. Dicta deserunt illo explicabo. Quasi quisquam suscipit corrupti non velit.
Consectetur quisquam ipsa molestias omnis. Aut rerum corporis amet unde. Incidunt officia rem delectus deserunt. Reprehenderit quisquam eos illum quos.
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...