Hi all,
Spent most of my career in PWM (advisor and business development) but an origination role with a local PE firm (reasonably well established) came up and got an interview.
Just curious if anyone does or has worked in that area and can comment on their experience, pros & cons and further opportunities?
Thanks
I work with a lot of people in that role.
There would definitely be a lot of travel involved. Visiting referral sources (attorneys, accountants, investment bankers) and going to industry events for marketing purposes.
Probably a decent amount of cold calling. I get called by some of these guys once a quarter. They always ask what deal we have in market to show them. Probably cold call business owners too.
Depending on your goals, I would ask if this role would lead to a PE associate role. Ask if anyone has transitioned from the BD side to the fund side.
Thank you Johnny.
Do you find their calls annoying or do you find them helpful in terms of getting deals done?
No problem.
I would say calls once a quarter are too much. They aren't annoying, but usually not much has changed on their end or ours.
Typically, the calls aren't helpful in getting deals done. When we market a company, we have a set list of buyers that we contact. Those buyers are usually the best fits anyway.
The calls are helpful to learn about the latest acquisitions that the PE firm made.
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