Wrapping up my first year in MM PE and looking to potentially make the switch over to secondaries and think there some some real tailwinds to the industry and overall looking for a better wlb. Curios to hear about peoples experiences working in secondaries. Tried to search here but could not find anything super helpful. Appreciate the help.
| +60 | Working on Juneteenth | 35 | 1d |
| +25 | Hardest time I have ever seen to be a GP | 3 | 2d |
| +20 | How to Get on Career Track / Stay Post ASO years | 6 | 16h |
| +19 | Weighing exit from LMM PC/PE | 4 | 16h |
| +15 | Healthcare PE | 6 | 2d |
| +14 | KKR comp for Principal | 15 | 5h |
| +12 | LMM groups within larger platforms? | 1 | 6d |
| +11 | Reality of the move from LMM to MM | 2 | 5d |
| +9 | MBA and Private Equity | 3 | 1d |
| +9 | Free LBO calculator: value bridge, sensitivities, formula-linked Excel export | 0 | 6d |
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.
Based on the most helpful WSO content, here are some insights into Private Equity (PE) secondaries and work-life balance (WLB):
Work-Life Balance in Secondaries:
Day-to-Day Work in Secondaries:
Industry Tailwinds:
Firms to Consider:
Compensation and Career Path:
If you're looking for a better work-life balance and are interested in the strategic and analytical aspects of secondaries, this could be a great move. For more detailed insights, consider exploring threads on WSO about specific firms or roles in secondaries.
Sources: Q&A: PE Secondaries Principal, Learning recs for secondaries, Secondaries Comp / Culture in 2023, Q&A: PE Secondaries Principal
Bump
Current Asso at a MF looking for a move to Secondaries. Has been the hottest Area in PE for a while now and will be for the N5-10Y. Partners in Secondaries at my Fund made 1.5x the Carry Dollars of their Direct Counterparts in the L5Y (at MFs Base/Bonus are often the same).If you still want to “think/act” like an Investor, make sure to join a shop focusing on Single Asset Investments as opposed to just slapping USD0.8 on a diversified LP Portfolio. Huge Operational Leverage given the Business’ inherent structure, economics have the potential to be (truly) huge assuming successful raises.
Do you think it would be easy to move from MM PE (1 billion dollar fund) to secondaries or are they typically just looking at people with MF background ?
Bump
Bump
Bump
Ipsum et expedita libero aperiam aliquid reiciendis. Sit consequuntur consequatur optio voluptatum delectus. Rerum ut est id explicabo rerum omnis quis odio. Nisi libero magni et molestiae dignissimos aliquid.
Aliquid consectetur quam quas ut maxime fugiat aut. Dolor non commodi nihil et eius repellat. Eum magnam eligendi deserunt voluptas voluptas aut.
Nam dolorem blanditiis velit quod. Quam pariatur inventore ut ipsam sint. Sunt et nam ea officia id. Est saepe ut debitis consequuntur. Sed ipsa distinctio officia sapiente.
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...