Consultant-friendly PE to IB-heavy PE?

I understand there are ~10-15 PE funds that typically hire former consultants, and many more that almost exclusively hire former bankers at the Associate level. My question is: Once you've done your Associate years at a consultant-friendly shop and gone to business school, are you "eligible" for VP roles at more IB-heavy funds? For example, could someone who cut their teeth at MBB then went to say Golden Gate Capital and got an MBA from HBS/GSB recruit for a VP role at a Lindsay Goldberg, GTCR type fund? Or does the fact that they were never an IBD analyst still matter?


 

You are what your experience is, if you go to consultant heavy PE and you also never run the model, you might have a problem. Stick your hand up and make sure you get that experience, so there aren't questions about your deal structuring/financial modeling skills.

From a good consultant heavy shop, I would be shocked if they didn't get looks at similar size shops.

 

Yes you are eligible for those places. They care that you’re coming from PE. They care a lot less what you did in the prior role. I suppose there could be a question or two about whether you picked up a little modeling but after 2 yrs of PE and 2 yrs of MBA it’s not realistic that you wouldn’t get some exposure.

 

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