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| +100 | No return so what are the options left | 47 | 15h |
| +70 | One year since I didn't get a return - advice | 7 | 15h |
| +27 | Not Getting a Return Feels Like Everything Was Taken From You | 12 | 8h |
| +26 | Contradictory and Bad End of Year HR Review | 13 | 4d |
| +15 | Seeking Advice | 5 | 14h |
| +12 | What do I do atp | 16 | 5d |
| +12 | Tech -> High Finance, Need either reassurance my plan could work, or a brutal reality check | 5 | 40m |
| +10 | BB finance analyst trying to pivot — how would you do it? | 1 | 1d |
| +10 | Recruiting chances | 6 | 1d |
| +9 | Full Time Recruitment | 2 | 4d |
Career Resources
Two questions for you:
I think the "risk reward" tradeoff between greater consistency in domain experience / recognition of firm and role that you love might shift depending on how you respond to these two questions. My gut reaction, though, is that you should go follow the domain that you love, especially if being at a newer fund gives you a clear runway to senior investment roles. You're very young and you have time to readjust if pivoting doesn't work out, especially given that you're staying in private equity. On the other hand, opportunities to pursue a domain that you're passionate about, especially if it's a niche domain, don't really come that often.
Thank you, this is helpful
Pick what you want to be doing long term, deprioritize “prestige” and optimize for impact.
Exit options are for people who spend their energy planning their retreat before they’ve even figured out how to win
If you work at a place where you can really impact the outcome, and if that is also in a space that you are excited by and have conviction in, you’ll go far and what you deserve will come readily.
Agree with the poster above. You probably know this, but sector expertise will be valuable going forward. Given the number of PE firms now, generalist firms are losing edge. You're still early in your career, so you have optionality between sectors. If the newer firm didn't work out, it shouldn't be hard to say "I did tech for a few years, then decided to try industrials. Realized my heart was really in tech so I am not looking to transition back into that sector focus".
People discount smaller / newer funds because of prestige, ego and lack of brand name, but they can be some of the best opportunities. Not all are created equal. I would specifically look at where the partners came from. If they spun out of Apollo after being there for 20 years, it's probably fair to assume there will be similar culture given that's how they grew up.
Without knowing the promotion path, comp, structures of firms, industries, etc., you'd need to ask yourself (i) what industries do you truly enjoy, (ii) do you have the risk tolerance to try the smaller firm and see what happens (even if it blows up, you'd presumably be ~VP level and should have transferrable skills to another PE firm, Corp Dev, banking, etc.), (iii) do you value stability over potential upside and (iv) any cultural differences (people, hierarchy, etc.)
Thank you appreciate the insight!!
Dude ive been recruiting for lateral PE roles for a year how did you get 2 offers
Feel free to PM me
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Take the larger firm. This is a market where option value / security is preferred v. Risk taking during a cyclical decline in the PE industry, for me.
Agreed there is career and firm risk at the smaller firm. I would take the larger one, but not really understanding why you can’t stay at your current firm
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