Transition from LMM to UMM or MF PE?
Just wanted to get a sense for how realistic this is and what the best way to position myself would be. I worked at a top BB/EB (think GS/MS/EVR) prior to starting in PE (latest fund ~$1Bn, check sizes between $50-100MM, with outliers on either side). I've had a generally solid experience (closed a few new platform and add-on deals, some interesting portco ops and strategy work) but I find myself wanting to go back to larger deal sizes / more sophisticated counterparties. Is that door effectively shut now or can I leverage my previous experience / network into making a transition? Would getting an MBA (HSW or M7) help or hurt?
jeez I am glad i am not u
"Intern"
Haha you’re fine ... as long as you have a solid reason for why you picked the firm you’re at and not “oh KKR didn’t want me” you’ve got the MF chance. top MBA would help but not necessary.
Bump
$100M equity check is in the MM range, so while the transition is always tough, you have a BB background and good PE experience.
I'd make sure to articulate why you want to work at a MF, reach out to headhunters and let them know it's on your radar, leverage your network and tell a tight story (I've been super successful in MM PE, but really want MF PE because xyz), and potentially go back to B-school (HS and maybe Wharton) if you strike out everywhere else.
For MF, from what I hear, B school would only be helpful if you can do H/S. Wharton will be a coin-flip. You'll have a decent shot at Private Equity in general, but if you're really aspiring to a post MBA MF job, you're going to need to shoot for the top.
Good post - this would be my intuition as well. Have seen a couple people around the industry make similar moves w/o needing their MBA (BB -> MM PE -> MF)
Is MF PE still a coin flip if you do a Wharton MBA, presuming you come from a large cap pre-MBA (from Europe, but ignoring the visa issues for now)? I thought Wharton was still highly regarded for top PE roles, but am not in the US so would love your thoughts as I face this decision and don't want to face an uphill battle if H/S really are much more preferred (assuming both candidates have solid pre-MBA PE experience at large funds).
I have also heard some funds only recruit at H/S - is this true? People say this but dont mention names as proof.
Regarding the mba, do you count as a “diversity” candidate? For a lot of the megafunds now, mba recruiting has pretty much just become diversity plus people returning from pre-mba roles at the same fund. So if you are, the mba could help by opening up that route to you.
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