Do headhunters target PE analysts?
I’m wondering if headhunters contact pe analysts from ug like they do ib analysts, for HF opportunities? Also, does this vary by fund (out of the MFs)?
I’m wondering if headhunters contact pe analysts from ug like they do ib analysts, for HF opportunities? Also, does this vary by fund (out of the MFs)?
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Yes they will contact for traditional PE analysts. If in credit/real estate/other MF analyst investing programs, not so much.
usually it’ll be BX capital partners Corporate PE and Warburg PE getting the first contact by recruiters for sm hedge fund / tiger cub processes.
Don't think it's necessarily true that BX / Warburg are the only ones getting first looks - PE analysts are much rarer compared to bankers and generally preferred by HFs (have a more relevant investing background / skillset), so UMM PE analysts from reputable and established programs (Ares, SLP, etc.) typically have access to many of the same HF opportunities
Will defer to you since I’m just a lowly prospect.
What’s your opinion regarding how MF credit/real estate/special sits analysts are viewed by recruiters relative to PE / vanilla banking analysts?
What about UMM pe funds like Bain and Berkshire? Or LGP?
LGP has a good rep as far as I'm aware, but it's a really small analyst class (1-2 / year) so there's not a lot of data points. I don't have great insight into Bain but I've seen a few decent HF exits. Berkshire is solidly MM and wouldn't put them in the same category as what I'd consider an UMM fund, I wasn't even aware they had an analyst program tbh
For exit opps into HFs, would you recomend a BB IB analayst program, or a UMM fund like Bain or LGP?
The way I'd think about that is not so much any significant difference in initial HH looks (if you're a good performer at a top EB / BB group you'll get your chances at HF opps) and more about how the respective experiences prepare you. From an interview standpoint, there's less friction coming from a PE analyst program because you're already doing investing work and can better speak to diligence process, drivers of value, risk / reward, etc. as opposed to banking analysts who sometimes don't even know what GLG is, let alone having led an expert call. This is pretty important because unlike PE Asso hiring, HF hiring is a lot less structured and for the most part generally happens throughout the year based on needs and turnover, so someone interviewing for a HF position having done like 6mo. of PE analyst work is initially better positioned than a banker (although its possible for a banker to get there, its just more incremental work learning the basics that takes time away from other aspects of the process like creating your pitch)
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