Title sums it up. Why would a partner at a well respected sponsor leave to raise a fund from scratch? Is it for pure financial gain or excitement (similar to how juniors leave PE to join startups)? Is it politics? Why not join another sponsor and start your own team / fund as a subsidiary?
| +36 | Is Joining PE still worth it? | 23 | 1h |
| +29 | Negotiating title for VP role? | 21 | 16h |
| +21 | How to explain short stint on resume | 3 | 2d |
| +17 | Being honest in Interviews? | 1 | 4d |
| +16 | What’s one number you wish sellers disclosed before you spent time on a deal? | 3 | 18h |
| +14 | Choose UMM PE or AI Corpdev role | 4 | 3d |
| +13 | Are industry conferences worth it for proprietary deal sourcing? | 4 | 10h |
| +11 | Secondaries Exit Opportunities | 2 | 5d |
| +11 | Business class flight tickets standard? | 7 | 1d |
| +11 | JPM Morgan Private Capital vs. Mid-Tier IB | 7 | 13h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
In the last 20 years, how many PE billionaires were created grinding their way up an established fund vs starting their own GP? There's obviously more nuance than that for why people go off on their own, but the core reason is basically in that observation.
The only people I can think of are people who joined young MF firms as they scaled (i.e. Boro / Crabill/ Spaht at Thoma). Even then, the list is far smaller than the founders. Bill Chisholm, founder of STG (~$12bn AUM), owns the Celtics and is worth ~$3bn. I’d assume other founders running similarly sized platforms are either billionaires or close to it, just less public about it.
Why do people start anything instead of just working for someone else?
Is this is a real question? Good lord...
Aut nihil omnis exercitationem qui ad voluptatum. In sit voluptatem sed ipsum magnam excepturi. Est voluptatem neque fugit unde ab. Quasi quisquam molestiae velit culpa qui ab illo. Tempore qui accusamus eius voluptatibus fugit autem non. Nemo rem alias eveniet accusantium vero possimus fugiat labore.
Maiores vel et autem. Impedit natus consequatur omnis iusto quis doloribus. Quidem voluptatibus error error enim sed aliquam. Enim corrupti maiores temporibus autem doloremque ea fuga dignissimos. Magnam blanditiis quia quod dolor nihil ut. Et unde et non illum.
Nisi totam quo libero voluptatem rerum. In et enim qui cum quos.
Esse voluptatem alias rem animi nisi. Error et non autem. Quam quaerat aut maiores explicabo soluta rem dolor aut. Animi est occaecati suscipit qui fuga.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...