Top BB NY to Asia PE
I'm joining GS/MS IBD in NYC, but I'm from Asia (not China) and want to get back to the region for PE.
Is it possible to do your analyst stint in NYC and then go to HK/Singapore PE?
I feel like PE isn't as established in Asia as it is in the US (never really heard of a reputable Asian MM PE firm), so would I have to target megafunds' Asian offices?
If 2 is true, how would I stack up given that I don't speak Mandarin / Cantonese?
Depends which country you're targeting, but if you want to do PE in China (HK included) and you want to rise up, all your clients are Mandarin/Canto speakers and speaking the same language is extremely important for cultivating relationships.
Damn, that's what I thought. What about Southeast Asia? Singapore area?
Why dont you stay in NYC, life quality is so much better.
I definitely like it here, but I grew up in Asia, my family is in Asia, and I just feel like I need to get back. I just want to explore the option. If I get a better opportunity in the US, then I'll stay (worrying about stuff like sponsorship etc). But I have an eye on Asia.
also heavily depending on what you will be doing in GS/MS
if you are doing tmt and natural resources for example, you will have a place in Asia because the robustness in tech and natural resources in asia, and they need someone with the US background and exp who had deal with those type of companies before.
However, to Gut's point, it will be extremely difficult to connect with the client if you don't speak Mandrain fluently. Also, as a side note and also no offense to you...Chinese people are the most racist people on earth (fyi, I am chinese so I know this..). Anyone who is not white or yellow (chinese, korean, japanese, taiwanese) is looked down upon in China.
Great advice.
Any other thoughts?
Quality of life is definitely comparable between Hong Kong and New YOrk. It's just a totally different experience. I'd say on the junior level, in terms of compensation at least, HK definitely leads to a better lifestyle
I think you probably should target at mega buyout funds in Asia (i.e KKR, TPG, Carlyle, CVC etc), they do whole lot of things outside China and much more interesting that the China stuff in my opinion (I am Chinese so the only thing open to me is China growth funds or investment). It's not only the China business in Asia now so I wouldn't worry about language if I were you. I sometimes think the language capability actually limits people's possiblity.
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