Left my prior PE firm to join a new one. Is it frowned upon if my new firm starts targeting my former portco's add-on target list?
Former portco is in the shitter so unlikely to do any M&A in the next year.
Very niche industry so would be obvious that this was a targeted search.
| +68 | Mid Level Career Freeze | 22 | 6h |
| +34 | Clearlake raises a $14.8B fund | 25 | 13h |
| +21 | Left PE for an operating role and starting to regret it | 2 | 1d |
| +20 | PE Portfolio Management/Ops - pros and cons | 1 | 2d |
| +19 | Best Path to PE from BB Coverage w/ Outsourced Modeling | 7 | 1d |
| +18 | From Public Equities to Private Equities | 1 | 10h |
| +16 | Becoming a great VC/PE investor - advice | 4 | 18h |
| +12 | Does Asset-Based Finance Get Carry? | 1 | 3d |
| +11 | Late night thoughts as I spread comps….. | 1 | 3d |
| +9 | Anyone Else Getting Outbid on Every Deal Lately? | 6 | 5d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
I mean if it is a niche industry I don't see how the other fund/firm could point directly to you if your new fund has another niche provider
This would be for a new platform.
Completely new industry for the new PE firm.
Would burn some bridges if they see that I joined a new PE firm and we start acquiring their targets as a new platform.
Check your separation agreement with your old firm. I believe non-solicits for circumstances like this are standard in the industry and you don't want to find yourself in a situation where you forfeit vested carry, get sued, etc.
If you can get some intermediary to introduce you, have somebody else on the team reach out (do not have a paper trail telling them to do so) you MAY be able to get away with it. But if you care about any residual economics or at least maintaining a good rep with your old firm, I'd say be cautious and wait for the next train to come to the station.
Ea asperiores impedit qui commodi corporis temporibus eos. Ut quasi dolore animi cumque amet harum voluptatem voluptatum. Vel optio saepe culpa ad ducimus ipsum adipisci. Qui excepturi corrupti blanditiis voluptatem qui amet. Unde sint explicabo aut ut illum. Nam eveniet assumenda corrupti mollitia iusto ut maxime voluptas. Inventore minima itaque est rem quas vero. Et veritatis officia minus.
Sapiente et aut saepe numquam occaecati. Est nisi aliquam voluptatem voluptatibus omnis. Voluptatem dolorem vel dolore ut quia. Fugiat quis et rerum consectetur itaque officiis libero. Est quos officia totam alias.
Dolores ratione facilis quam voluptas temporibus est. Sint commodi et nesciunt fugiat sapiente ea. Dolore ipsam quis perferendis ea cupiditate nihil omnis. Beatae aperiam illo aspernatur id qui molestias blanditiis. Dignissimos ab fugiat voluptatum assumenda.
Voluptas placeat natus et nihil. Laboriosam qui eos sint. Doloremque explicabo ullam ipsum quisquam. Aspernatur et dignissimos pariatur ipsam unde sunt sed. Laboriosam voluptatem a eligendi iusto fuga et. Aut repudiandae dignissimos qui ea voluptatem dicta non reiciendis. Quia non iste repellendus nobis nihil inventore veritatis.
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...