Recently got DUI — am I screwed for PE recruiting?

Recently got a DUI (misdemeanor only, no injuries, nothing too bad, was just barely above legal limit). Just joined my IB firm, but dont want to waste any efforts on preparing for off-cycle recruiting if it’s pointless due to my record. Would PE firms automatically reject me? I spoke to a lawyer, and it won’t get wiped clean for at least 3 years, by which point I’ll be at the end of my first associate year.

Any advice? And yes, I have learned from my mistake (likely won’t drink at all for a very long time just due to the shock of what happened). It was a first time offense with nothing else on my record.

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don’t worry about it - if it ever comes up explain calmly what happened, it was borderline and you thought it was okay, you were wrong, nothing bad happened thankfully but you’ve learned your lesson and are religiously careful now. if you are a top performer and truly reformed i don’t see why you wouldn’t get a pass.

this happens sometimes, it’s not great, it can be an issue in any industry not just PE but interviewers are human too and i’ve certainly had similar things come up with candidates for public company boards where background checks are necessary. as long as they’re not a drunk liability you can forgive a youthful indiscretion. noise ordnance violations are in the public record too and “criminal” record too

bigger issue i see is your willingness to give it all up so easily - would def ding you as an interviewer if your default response to this is i give up PE is not for me…

poor judgment, lack of conviction and hasty decision making

 

I was in a similar position to you. Blew twice - once was over by a .001 and the other was under. Was able to plea down to reckless driving (but arrest for DUI shows up on DMV report). I was already in my first PE role post-IB. When recruiting for new PE firm this came up. They were upset I did not flag it to them and they had to ask me about it. I explained situation and they were OK with it and hired me. Said at some point I may need to talk to LPs and comfort them as well if it ever got brought up in fundraising stuff. But that never happened. 

 

Agree with the top comment, learn your lesson and be glad it didn't impact your health/others around you.

Regarding recruiting, it'll cut both ways. You'd be shocked at how many MDs/Partners/Execs have similar types of things on their record. Some might look at it very negatively, others probably won't care. Given it's a misdemeanor and not a felony, you won't need to check the felony box on applications, which I would imagine would be tougher to get around.

My advice would be to live your life normally, I wouldn't volunteer the info, but if it comes up either in conversation or via a background check, I'd be honest and straightforward about it.

I had too fast of a car when I was a teenager, got some pretty bad speeding tickets/had issues, could have lost my car/license, but fortunately didn't. Even worse could have hurt myself/others. Learned my lesson and haven't gotten a speeding ticket for ~20 years now. 

 

Have a DUI on my record from many years ago. I pulled over, passed out in my car safely in park, and was found the next day. No one got hurt, but obviously a very dumb decision on my part.

Never recruited for PE, but have recruited for two PEG PortCos, a F100, and a F50 company in that time frame. It has never became an issue, but it did delay the background check at the F100 which irritated the hiring manager, but HR never told them why. I have also never disclosed it other than checking the box about having been convicted of a crime. This is how I suggest you handle it.

 

When should I disclose it and to who? The headhunter or maybe HR at the PE firm itself?

 

By age 30 everyone knows someone good who got a DUI, or at least remembers that they've driven a couple times slightly buzzed and could've gotten a DUI themselves but luckily didn't.  

Some firms may care, some will definitely not.

 

Recruiting for PE usually involves a Tier 3 or 4 background check that specifically looks for misdemeanors within the last 7 years. Your best move is to delay the court date or try for a deferred judgment so you don't have a final conviction on record during the hiring window. I had J.B. Katz, who provides representation for repeat DUI charges look at my case and she was able to negotiate a plea that didn't immediately trigger the red flags on a standard FINRA search. Check if your state offers a non-disclosure agreement for first-time offenders because that can save you during the compliance review.

 

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