I have recently come to the conclusion that I want to switch jobs within the buyside and would greatly appreciate your advice / views. Firstly, let me give you a bit of background about myself.
I joined a bulge bracket bank here in London straight out of uni (2014) and stayed for a bit more than 1.5 years in their M&A team. I then joined the fund that I am currently with where I am focusing solely on co-investments, (think of the likes of HarbourVest, Adams Street, Lexington etc.) and have now been here for about 10 months. I feel that the investment side of things is very interesting as opposed to banking but I still feel that I am missing out when it comes to managing the assets / the value creation bit, also given our nature, we are never in the "driving seat" throughout the process. I am happy I moved over since I now get to do a lot more modelling (opmodels and LBOs from scratch etc) instead of focusing the majority of my time on slides which is essentially the life of a junior banker.
**So now to my questions: **
1) I am wondering, given the above, what you believe my shots are at moving into a direct firm? I am aiming to find something in the mid market space - and I have actually had some headhunters suggesting places but its mostly been poor shops where there is a lot of Big 4 ppl (no offense) - pls note that everyone in my current team comes from M&A teams at BB's or elite boutiques.
2) How do you think I should position myself in order to make the switch?
3) Do you have any examples of people that have made this type of transition, I know its possible because I heard about 3 people so far this year (Harbourvest --> General Atlantic, Harbourvest --> Riverside, Pantheon--> Astorg). Any examples would be appricated. Any funds known to look at co-inv people would also be greatly appricated.