Urgent: Choosing from 2 PE Offers
Choosing from two PE Offers on a short timeline / turnaround:
Offer A: Fund Type: UMM City: Tier II Pay: higher by around 55k Industry: Of interest but not many if any growth prospects overall Alternate Opps if this doesn’t work out: Very Few that’ll pay at this level in this industry, if any. So, if I get pushed out It’ll be very difficult to find a similar seat
Offer B: Fund Type: Top Industry-focused MM (latest fund was 5+ Bn) City: NY / SF Pay: 55k less than Offer B Industry: Of interest but is tangentially related to current work, growing sector with a few different tailwinds in a fast group sub sector of PE Alternative Opps: A multitude more compared to offer A
The dilemma is I find the sector I am in rn very interesting but it isn’t growing and there aren’t many quality seats outside of the one I found. Hence, if I do accept A but get pushed out in 2 years it’ll be hard to find a comparable seat. Having said that, this is probably the best cost of living and tax adj. seat on Wall Street
Offer B might be better risk adjusted because it has better long term prospects - and even if I get pushed out here I’ll definitely land up on my feet given the fund’s reputation within sector and the abundance of capital but it pays less, is in NYC and in an industry I don’t have direct experience but one I should be able to scale up quickly in.
I am very conflicted between the low-risk option versus going all in on the high risk option of A.
Any views are welcomed and appreciated as I try to make a quick decision givin timeline
What industry is the first one with no growth prospects?
Can’t say because it’ll be easy to figure out who I am. Just one where the capital spend is reducing over time.
Oil & gas in Houston?
Ok well then I can’t help. There are 100 funds focused on every sector. Food, oil, rail, you name it. No one will be able to guess the fund just by you saying the industry.
Seriously this was going to be my comment too. OP - you can provide at the very least some broad guidance or provide alternative examples if you're really this worried.
Offer A is energy / metals and offer B is infra
DBRG for the infra fund?
Yeah I think unless you love mining / metals, I'd personally stay away from A. Even with some of these firms angling their alignment w/ energy transition and continued need for those resources, I'd just have a hard time being in such a commodity-linked space. That's just me though and you're right in worrying about future optionality. You do see some new firms like Kinterra emerging so it's not like there's no growth here though.
I'd go with Option B. The lack of growth prospects at A would make me nervous.
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Congrats on Alpine!!
Which did you end up choosing?
Option B the infra fund unless you're genuinely interested in energy/metals long-term. No brainer, an extra $55k/yr this early means nothing.
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