What is the senior role really like

People always mention how a senior PE professional’s role changes significantly towards sourcing and relationship management versus a junior focused on execution. Could anyone describe what this means in practice? I work in banking currently so I’m fairly familiar with how it works in a client-facing role to constantly need to be in front of clients, but I don’t quite understand what a Partner at a PE firm does that is relationship based given that there isn’t any “clients.” Are they constantly trying to meet exec teams of potential acquisition targets to convince them you’d be a good partner and source of capital? Would love to hear what a senior does on a day to day basis.

 

Their "clients" are their LPs - depends how much the firm uses their IR for fundraising but a lot of partners are quite active here and a lot of large ticket LPs will expect to meet with a partner. Partners will be involved in the relationship and even execution of very large transactions, investmenr committee, various corp. dev initiatives, and leveraging their network to source proprietary acquisition targets, leverage network to install ops/mgmt in portcos,

 

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