Physician- PE/ VC
Does anyone know of any doctors who have made the transition to PE? Is it even possible though unlikely?
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I think your best option would be to be an operating / value creation role in a healthcare specialised firm. Investing roles will be very very very difficult to get
Physician entrepreneurs with successful exits can transition to investment roles from what I've seen (these are very rare).
Regal Healthcare Capital Partners and Ascend Partners physician cofounders are examples of those.
Agree with the above, easier to go into more of an operational / consultative role. That being said, there are guys that have done it and flipped to the investing side.
Couple examples with M.D.s on the investment team:
Enhanced Healthcare Partners
Varsity Healthcare Partners
Regal Healthcare Partners (co-founded w/M.D.)
To add to this, Ascend Partners (investment team, MD cofounder) and Consonance Capital Partners (very legit operating team, familiar with a clinician on their team). Ditto on Regal.
If you're in the NYC area, PM me and I can give you some MDs I'm aware of in the PE/VC space. May not be a bad idea to cold message them via LinkedIn.
Disagree on biotech VC comment below. Very volatile but agree with the top answer here. Have seen operating / value creation roles for MD eventually lead to juicy equity options and in some cases, investment roles at smaller PE funds that do a mix of growth and buyout within the HC service space.
Seen transition into investing role via a MBB role.
This - seen this as well. 1-2 year stint at MBB and then UMM
PE not so likely, however your best bet to breaking into high finance is VC biotech firms where they focus on pre-seed, seed and series A investments. Where your science and healthcare background has the most leverage vs later stage investments or pure PE firms where the knowledge of finance and required background is much more finance focused.
My two cents is that this funnel is your best shot, as if you look at a lot of VC biotech firms you'll see their background (which is more often than not a requirement) is to have a phd or MD in a valued added field. Take a look at Arch Ventures in Chicago, I would say this is one of the crim de la crims of biotech VC but there's an example of what I'm talking about. Still get carry, still in high finance, still writing checks, making big checks, still business, etc etc. But this way you'll be able to leverage your current network, your background and most likely also passion and interest for healthcare. PM (private message) me if you want.
Edit: and yes per my comment above about being a requirement for biotech VC, lots of MDs and phds go into biotech VC. Also I went to a very medicine focused school so I can attest to this.
Were you once a banker? And are you an MD?
If you disagree with the above state so and please provide rationale.
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