I'm hoping someone can help provide some perspective on the post-IB Family Office role. I understand there is a wide variety of experiences within Family Offices, but just looking for generalizations here.
I have two outstanding offers. One from a ~500M PE fund in a smaller city, and another offer from a ~5B AUM family office in a major city. They both seem to do a lot of deals and would be good experience. Should the difference in size be a consideration? Or does AUM not matter much for a FO?
I'm wondering if the FO experience would close doors within the PE industry down the road. I fear that a FO experience is seen as sort of an end-game lifestyle gig, and that it won't be respected as much if I ever want to switch careers / companies. Does anyone have any anecdotal experience with exit opps after working at a FO?
Also, if anyone could provide insights on what a typical FO associate comp looks like, that would be very helpful to benchmark my offer against. I haven't been able to find any data points online.
Thanks!
Related Resource: List of Family Offices
Bump
I'm at a much bigger multi-family FO and I haven't left yet, but I still get hit up with opportunities from headhunters all the time - people still reach out and say "I know you're not looking to leave, but this is really interesting if you've changed your mind." Now how that translates to actual interviews / exits, I don't know, but I think the looks you'd be getting are still there.
Would you consider this REPE or "traditional" PE? Just curious on how people on WSO differentiate themselves on forums.
Multi-family as in it's a family office for multiple families.
Bump, I am currently at a family office and curious to how this is perceived by institutional fund recruiting.
My hypothesis would be that if the family office invests directly in securities and deals, then there is no difference. If the FO invests secondarily into funds, then there must be a difference
bingo. I really think it's all about how transferable your skills are from the family office to a PE fund
That makes sense. Given that most FOs (AFAIK) don't use any debt to finance their acquisitions, do you think that will that be a big negative if I ever want to move into an LBO shop down the road?
Family offices are amazing in theory but usually pretty sucky in reality. Lotta duds out there for a variety of reasons. Having said that, there are some family offices out there that really do deliver on the promised land. If you got an offer to one of those, I'd jump on it and not update my resume for another 25 years.
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