Veritas at VP+ level
Anyone have any insights on joining the firm as a post-MBA VP? Specifically curious on culture, perspectives on career development/path, internal politics, and anything else
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I hear it’s a very demanding place. Highest AUM to IP ratio in the industry will do that I suppose. Probably among the best seats in PE, and arguably the literal best, so if you’re considering it, congrats. I wouldn’t think twice.
It’s like LGP I think where there’s no path to the top, but you’ll be more than fine getting the scraps.
I’m just a student, so please forgive my lack of understanding.
What does IP mean in this context? Intellectual property?
Investment Professional
Thanks!
Investment professional. Basically they’ve managed to scale fund sizes without substantially increasing headcount, so the economics can look really good for folks in the carry pool. Combine that with historically strong returns, and you can theoretically make a lot of money at a place like this if you stick around to see the carry realizations. Of course the caveats are historical returns =/= future returns and you’ll probably work pretty darn hard through your 30s before that money starts to roll in. You could slave away for a decade and if the fund puts up an 11% IRR you’ll probably end up pretty disappointed.
Of course those considerations will be the case at any PE firm, so I agree with the original poster that these lean UMM shops with good economics on paper probably maximize your odds of top quartile/decile PE outcomes over the course of a career. The extreme outlier outcomes come from finding/landing at the next Veritas and riding that wave to managing partner…
Great explanation, thanks.
Officia ut aut ex vitae quo vel ipsam. Quos mollitia a expedita nulla.
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