Targeting Infra PE

Based on the most helpful WSO content, your background is quite diverse and impressive, but targeting Infra PE can indeed be challenging due to the niche nature of the field and the limited number of roles available. Here are some insights and recommendations:

1. Your Background and Infra PE Fit

• Strengths: Your M&A/corp dev experience at an IPP and your M7 MBA are strong assets. These align well with the skill sets required in Infra PE, especially if you can highlight your exposure to energy or infrastructure-related deals during your M&A tenure.
• Challenges: The lack of direct infra or P&U-focused IB experience might be a hurdle. Infra PE funds often value sector-specific expertise, particularly in areas like energy, transportation, or telecom.

2. Should You Return to IB in an Infra-Focused Group?

• Returning to IB in an infra-focused group could be a strategic move if you're not seeing traction in your current search. Infra PE funds often recruit from infra-focused IB groups (e.g., Macquarie, French/Japanese banks, etc.), as these roles provide direct exposure to the types of deals and modeling skills relevant to Infra PE.
• However, this step is not mandatory if you can leverage your existing network and experience to position yourself effectively for Infra PE roles.

3. Networking and Positioning

• Networking: Infra PE recruiting is often on an as-needed basis, so networking is critical. Reach out to headhunters (HHs) with a clear story about why you're targeting Infra PE and how your background aligns with the sector.
• Storytelling: Highlight your IPP experience and any relevant deal exposure. If your healthcare tech startup experience demonstrates transferable skills (e.g., leadership, strategic thinking), consider adding it to your resume, but ensure it ties back to your Infra PE narrative.
• Industry Groups: Join relevant industry groups or attend events focused on infrastructure and project finance. This can help you build connections and stay updated on market trends.

4. Market Realities

• The Infra PE job market is competitive, and many funds prefer candidates with 2-3 years of direct IB or PE experience in the sector. If you're not seeing roles that align with your background, it might be worth considering a return to IB in an infra-focused group to build that specific expertise.

5. Keep at Your Goal or Pivot?

• If you're happily employed and not under time pressure, there's no harm in continuing to pursue your Infra PE goal while simultaneously exploring ways to strengthen your candidacy (e.g., networking, gaining sector-specific experience).
• Returning to IB should be a calculated decision, weighing the opportunity cost and your long-term career goals. If you believe it will significantly enhance your chances of breaking into Infra PE, it could be worth considering.

In summary, your goal of transitioning to Infra PE is not unrealistic, but you may need to refine your approach, strengthen your sector-specific narrative, and leverage your network more effectively. If the market remains challenging, returning to IB in an infra-focused group could be a viable path to achieve your long-term goal.

Sources: Q&A - Infrastructure PE & IBD, Q&A - Infrastructure PE & IBD, Infra PE recruiting / prep, Infrastructure Players, Can someone break down PE Associate exit opportunities?