As the title suggests, I'm currently PE Associate at a small growth buyout fund. Opportunity to go to a SFO has come up where there's only a couple of people but expected to grow in the future (think $400-500M and growing) and doing a solid mix of fund and co-investment with some direct VC deals. Main attractions are of course better WLB, total WFH flexibility and a comp package of about $200k all in (20-30% bump from where I am now).
Is it worth jumping out of the fund world for that flexibility and freedom or silly to give up a fund investment team role where the comp can scale so much more quickly? The live in the moment part of me says take it and enjoy it and the more practical side tells me I'm crazy to leave the direct investment fund world without at least trying for Senior Associate/VP....
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Stay. Get more experience. Family office roles will always be there especially once you have stronger deal experience
if the answers to the below are Yes, then I think it’s a good idea to make the move
- do you have enough deal experience to your current shop where you can be value add at the family office and won’t need much more on the job training?
- are you excited about being on the ground floor of something new and to be part of growing a firm and setting the culture?
- is the principal / key family member someone you vibe with?
The answer to your first question is absolutely not, the answer to your second question is yes I'd love to, and the answer to your third is also a strong yes.
If you got the offer once. You’ll get it again. Remember a family office is reliant on the family, if they decide to exit this strategy and go sail on their yacht, you will be out of luck. Make yourself undeniably hirable assuming this was to go belly up.
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