Growth equity/Co-investment fund
Friend of mine has an opportunity to join a fund that specializes in growth equity and direct co-investments. The fund focuses on investment opportunities in the territory of $15-75mn, preferring fully-dulted ownership of less than 51% and buying positions in preferred/common equity/structured vehicles. They target companies with EBITDA of at least $8mn. My friend recently graduated from an Ivy and has not been able to find relevant PE jobs elsewhere. Would an opportunity at the above fund provide exit opportunities to a direct PE down the line?
At this point he should be happy with whatever he can get...he is targeting one of the most competitive fields out there (esp straight out of undergrad) and competing against a bunch of trained eager laid off bankers who want to jump to the buyside...doubt he is going to get much traction in the PE job hunt under current conditions.
I would take it...focusing on exit opps at this point is also ridiculous
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