"Strategy Associate" roles in private equity - what are your thoughts?
Hello friends, several recruiting firms have reached out to me about what seem like unique roles at PE firms.
The titles have been "Strategy Associate". They are basically pitched as a mix of firm strategy / portfolio operations / investor relations. The responsibilities include: fund reporting, LP relationship management, business development, working with portfolio executives on strategic projects, etc.
The roles have generally been at high quality MM firms with large brand names, which is alluring.
For context, I have generally been seeking more traditional deal team roles, and have made some traction in that regard. I am currently a consultant at ATK/LEK/OW etc.
What do you think of this "Strategy Associate" type of role? What kind of path could it set me on, relative to a deal-team role at a MM firm? How should I think about it?
Additional context - it seems this type of role works close with COO and PO team (not CIO)
Any details on the projects with portco execs? The rest of what you described sounds like IR stuff, so I'd make sure the "strategic" side isn't just asking the CFO to clarify on certain numbers so you can mark up an investment properly
agree - will inquire!
I have worked at one of the consulting firms you mentioned. What is the end-goal of your career?
I'd like to run my own PE/VC fund
interested in knowing as well
Scams
?
Interesting job, and would set you up to help PE firms for the long-term, in business development or portfolio operations. Blackstones and KKRs of the world probably have even more roles you could be suited for. But it's highly unlikely you'd get to the deal team though, because those with banking/PE deal experience are always going to be ahead of you.
helpful, thank you!
These roles could be interesting and challenging. They could be long term lucrative. They are not a path to a career in investing. Don’t kid yourself and think you can join the firm, impress people and switch to an investing track. IT. WON’T. HAPPEN.
Appreciate that!
How do you think you can maximize the long term comp in this type of role, while staying in the investing space?
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