I'm an incoming MF PE analyst (ignore title I'm too lazy to update it) and am thinking about going to a crossover was curious if anyone had any actual data points on what comp looks like at the following shops: Greenoaks, Dragoneer, Coatue, Lone Pine, Altimeter, D1, Durable.
High but very variable — I’m gonna guess by the names that you’re at a tech MF or on a MF tech team? If so, I really think unless you’re super passionate about public markets that the risk adjusted economics are better in PE in the long term.
Would love any input from someone more experienced, but I feel like the model of investing in public and private just seems more inefficient than doing one or the other. I don’t think a crossover would perform as well as a top growth shop in private markets and probably the same in public markets vs other funds that live shit and breathe public equities. What’s the huge appeal of these places especially on WSO?
Yeah, I'm doing tech PE and of course, economics and comp are great, but after my summer I found it a little too bureaucratic and boring for my liking. I want some more autonomy, a more flexible mandate, and higher comp if possible. Also, I've heard, and feel free to correct me if I'm wrong, that if you're doing both privates and publics at the crossovers you're only doing long-only for the publics because the independent publics team will do the long/short investing. Candidly, since I'm not someone who jerks it to the market like that I thought it would be fine if only like 25% of my time is spent on publics with a 2-5 year time horizon.
Also, yeah I completely see what you mean in terms of the performance of these crossover shops, I am just really interested in the comp first off and how flexible the mandate is but maybe I'm being short-sighted.
Also curious - any data points on WLB at these firms, especially the dedicated growth / private market teams if they have one? And do they take a PE-approach to their public investments or would I be expected to have the whole hedge fund tool kit in terms of monitoring volume / volatility / jump in and out strategies? Ofc this differs between the firms but I'd love to hear anything anyone has to offer about those mentioned above
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High but very variable — I’m gonna guess by the names that you’re at a tech MF or on a MF tech team? If so, I really think unless you’re super passionate about public markets that the risk adjusted economics are better in PE in the long term.
Would love any input from someone more experienced, but I feel like the model of investing in public and private just seems more inefficient than doing one or the other. I don’t think a crossover would perform as well as a top growth shop in private markets and probably the same in public markets vs other funds that live shit and breathe public equities. What’s the huge appeal of these places especially on WSO?
Yeah, I'm doing tech PE and of course, economics and comp are great, but after my summer I found it a little too bureaucratic and boring for my liking. I want some more autonomy, a more flexible mandate, and higher comp if possible. Also, I've heard, and feel free to correct me if I'm wrong, that if you're doing both privates and publics at the crossovers you're only doing long-only for the publics because the independent publics team will do the long/short investing. Candidly, since I'm not someone who jerks it to the market like that I thought it would be fine if only like 25% of my time is spent on publics with a 2-5 year time horizon.
Also, yeah I completely see what you mean in terms of the performance of these crossover shops, I am just really interested in the comp first off and how flexible the mandate is but maybe I'm being short-sighted.
The position you want only existed for a few years during ZIRP era. Now its time to cull the underperforming
Also curious - any data points on WLB at these firms, especially the dedicated growth / private market teams if they have one? And do they take a PE-approach to their public investments or would I be expected to have the whole hedge fund tool kit in terms of monitoring volume / volatility / jump in and out strategies? Ofc this differs between the firms but I'd love to hear anything anyone has to offer about those mentioned above
Bump this - anyone have real data points on these 3 funds?
500-600k
That is the same as MF PE, why would anyone go to these places then? I heard places like Tiger Global pay $1m guarantees to new hires
which three funds?
I have bad news for everyone about crossover comp now that they're below high water mark
Thanks, analyst..
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Amet atque in consequuntur veritatis. Maiores nobis eveniet omnis et. Occaecati commodi tempore odit ea sint voluptatem facilis. Voluptates voluptatibus voluptatem iure et. Laudantium earum dolorum culpa ipsum sit dolor aut.
Quis similique nobis nostrum sit unde occaecati. Sit non ut quos ea. A ea qui voluptatem cumque voluptate impedit molestiae voluptatem. Nulla illum ullam dignissimos quod nam et asperiores unde. Voluptas nihil qui consequatur deserunt consequatur.
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