Private Markets Rotational Program (FoF PE / REPE / Alt Credit) – Realistic Exit Opps

I’m currently a senior and will be starting a private markets rotational program after graduation at a well-known asset manager. The program is ~18 months with three 6-month rotations across private equity (FoF, mainly co-investments and GP-led secondaries), real estate private equity, and alternative credit. After the rotations, I’ll join one team full-time as an associate.

I’m trying to understand what the most realistic exit opportunities are from this type of role. From what I’ve seen, it seems like the natural paths are private credit, real estate PE, or staying within FoF/secondaries/co-invest platforms. That said, since the PE rotation includes direct deal exposure through co-investments, I’m wondering how transferable that experience actually is.

My main question is around buyout PE. Is moving into traditional LBO PE realistic from a background like this, or is it more of a long shot? If it is possible, what should I focus on during the rotations to give myself the best shot (e.g., leaning heavily into co-investments, building LBO modeling reps, etc.)?

Also, would infrastructure PE be a more realistic transition given the mix of co-invest and credit exposure, or is that still not a typical path?

Would appreciate any honest insight on how this role is viewed and what paths are actually achievable.