RX Consulting with Search Fund > PE - Positioning?
Howdy chimps - looking for any advice on positioning for PE recruiting/outside perspectives on the options I'm weighing.
Quick profile: sub 3.5 GPA (though 2300+ SAT and decent explanation on GPA) at semi-target > Nomura-esque LevFin analyst for 1 year > top RX consulting shop for 3 years (A&M/Alix, promoted two levels to current level of Associate). I knew going in I wanted to do RX banking-type work and my firm has supported me in that (done plenty of 3-statement modeling with cap structure toggles, etc., as opposed to a very narrow focus on 13-week liquidity and the like - feel modeling skills are very strong), though this is always a pain to explain tactfully. Let's assume I have a good story for why PE and why the delay in recruiting (don't want to make this post too lengthy). I have also been a GP (with a majority GP partner who is running the business day-to-day) and LP in various search fund deals to the tune of low 6-figures in equity checks written, which I hope helps a bit.
Question: Assuming I am targeting as upstream as I can go (again, think I can articulate why), which of the options below is best? Anything else I should consider?
-Just start recruiting. Pros: Least time/tenure wasted. Cons: Will be a tough sell to HHs and may limit me to LMM (at which point upstream seems difficult)
-Lateral to Assoc at name-brand RX firm (HL/LAZ/etc), then recruit after 1 year. Pros: Easier recruitment Cons: Extra year gone, extra job hop
-Take GMAT (got 750 on practice with limited studying), then recruit. Pros: May help with HH screens. Cons: Extra time for potentially marginal gain, would rather interview prep
-Any other options to look into?
Any thoughts would be appreciated, realize I'm in a tough spot and even LMM may be a stretch...
Have to imagine a firm with a distressed angle would take a look at you.
Bumping - personally would prefer traditional buyout to distressed, but maybe that lateral would be doable?
Bumping
Bump - have basically decided to just go for it and start recruiting. Definitely would like to hear other input, though.
My take is I would parallel path both the 1st two options (recruiting for PE + lateral, maybe start the lateral process a bit later), and don't even consider the GMAT piece.
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