Why Megafund?— Interview Answers

Hello,

I wanted to create a thread on providing good answers for the question: why megafund?

There have been several threads on the real reason why people choose MFs (pay, prestige, etc.). And there have been many threads on why MM PE instead of MF PE. But I have not seen any threads discussing good answers in an interview setting at a MF.

Obviously telling headhunters and MF interviewers that you want to work at a MF for the pay or prestige would be a terrible answers and immediately ding you.

The only good answers I could think of would be if you worked with a specific MF or they were strong in your specific sector. But how about more general answers about why you would want to do large-cap buyouts/work at a MF?

Any help would be much appreciated.

 
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Just develop an answer which involves you being a solid investor with the best firms and that you want to have the large scale view on investing whether it is a take-private or working with a large privately-owned business you feel could be run better. MF PE can be different given that your investment horizon can legit be a couple years as opposed to five but it'll be through a series of connection your partner has. Nothing is straightforward in this world

 

Could you elaborate on what you mean by large-scale investing? I understand MFs are probably limited in what they can do operationally, so does that mean they just look to financially engineer their deals? Further, from an Associate’s perspective, why would that be a better learning experience? I guess I am having trouble understanding why it’s not just vanilla MM PE with deals that have few extra zeroes added onto it. Thanks!

 

The Frank Sinatra answer (if you can make it there you’ll make it anywhere) has never gone wrong. Just say what you learned at [fill in great university of BB bank] is that you like working with people smarter than you because they bring out the best in you.

 

Thanks. I guess the people line makes sense, but given how little networking plays into the process, how can this answer be a very convincing one?

 

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