My background is two years BB investment banking (levfin) and 1 year as an associate at a large private debt fund ($20bn AUM, invest in 1st lien, 2nd lien, mezzanine, preferred/common equity) .
My question is how difficult is it to switch to private equity from private debt?
Sounds like you are at partners group
Good name shop. I think you're def a lot more valuable to buyout shops than someone with just levfin experience.
From what I've been told, it's not an easy task. I think it would've been easier to switch directly from LevFin (although still not easy).
First reason is that you don't perform very advanced due deals in private debt as you mostly rely on the PE fund's work and don't spend as much time on each deal (relatively fast deployment of capital across more companies and higher protection compared to PE investors)
Second reason is that you are competing against the classical M&A or consulting background people + the TAS guys.
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