Traditional Private Equity vs. Sovereign Wealth Funds
I'm currently a senior associate at a MM PE fund that is looking to lateral, largely due to the industry focus and value investment strategy of my current firm. Its a great job market so I'm see a lot of different opportunities and wanted to get peoples' thoughts on lateraling to traditional PE vs. a sovereign wealth fund in their direct investments arm.
Though both are investment roles in private companies, I've come to understand how different a role would be at a traditional PE vs. SWF. It seems like a SWF has significantly better WLB / flexibility (given higher level diligence from co-investing rather than leading) and actually better comp (base + bonus) but with no upside (no carry / equity).
Anyone have any thoughts on comparing these roles at a mid-level role (senior associate / VP)? Would also love to understand perception and potential exit opps at a SWF role vs. traditional PE.