VP/principal recruiting

At the VP/principal level and thinking of moving. Would anyone just reach out directly to other firms you find interesting while still at an existing firm? Is there a subtle way to go about this? do you have to go through headhunters?

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Reaching out directly to other firms while still employed is a strategy that can work, but it requires a careful and subtle approach. Based on the most helpful WSO content, here are some insights and strategies:

  1. Direct Outreach:

    • Reaching out directly to firms you find interesting is possible, but it’s essential to be discreet. Avoid using your current work email or phone for any communication. Use your personal email and ensure your LinkedIn profile is polished and up-to-date.
    • When reaching out, frame your interest in a way that doesn’t explicitly state you’re actively looking. For example, express curiosity about their firm’s strategy or recent deals and ask for an informational conversation.
  2. Networking:

    • Leverage your existing network. If you’ve worked with other firms or professionals in the past, reconnect with them. A casual coffee chat or a quick call can open doors without making it obvious that you’re job hunting.
    • Use industry events or conferences to meet people from firms you’re interested in. These settings allow for organic conversations without raising suspicions.
  3. Headhunters:

    • Headhunters are commonly used for VP/Principal-level roles, especially in private equity. They have the relationships and discretion to connect you with opportunities without exposing your intentions to your current employer.
    • Reach out to relevant headhunters and let them know you’re exploring VP/Principal roles. Be clear about your preferences, such as the type of firm, geography, or sector focus.
  4. Subtlety is Key:

    • Avoid broadcasting your intentions. Keep your job search private and ensure your current employer doesn’t suspect anything. This includes being cautious about updating your LinkedIn profile too frequently or making it obvious that you’re networking.
  5. Timing and Strategy:

    • If you’re reaching out directly, consider targeting firms where you have some connection or familiarity. Mentioning mutual contacts or shared experiences can make your outreach more effective.
    • Be prepared to explain why you’re interested in their firm and what value you can bring, without explicitly stating dissatisfaction with your current role.

In summary, while headhunters are a common route, direct outreach and networking can also be effective if done tactfully. Just ensure you maintain discretion throughout the process.

Sources: My Path - MBA Banking Associate to PE, Former MS M&A / KKR here to field questions, PE Recruiting as a Lateral Analyst w/ Weak Academic Profile, No VP Promote from Sr. Associate - Seeking Advice, https://www.wallstreetoasis.com/forum/private-equity/then-and-now-compbanker?customgpt=1

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

At the VP/Principal level, both approaches are common.

Many senior professionals do discreet outreach to firms they genuinely admire—usually through mutual connections, industry events, or a short, well-crafted message. However, it’s important to be subtle and avoid anything that could risk confidentiality with your current employer.

That said, a large percentage of VP/Principal hiring still happens through executive search firms or specialized recruiters. These firms are often retained by PE funds to run confidential searches and approach passive candidates who aren’t actively applying. 

In practice, the most effective strategy is a combination:

  • Maintain relationships with a few trusted recruiters.
  • Network directly with funds you admire.
  • Keep conversations exploratory and confidential.

At Alliance Recruitment Agency, we often see senior professionals benefit from working with recruiters because we can introduce them discreetly to opportunities that are not publicly advertised while protecting their confidentiality.

 

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