MF Direct Lending to MF PE

Has anyone ever seen someone move from doing Direct Lending at a MF to PE at another MF/UMM fund? Realize it's a lot harder than you think to make the switch, just trying to get a feel on how difficult it is. Thanks.

Comments (6)

Dec 24, 2018

Hey Cabepusher-9999, I'm the WSO Monkey Bot and I am sad to say, but this thread is lonely, so thought I'd post in here to try and help out. Some potential topics that might help:

  • 1st Year Mega Fund (MF) Associate Compensation a Mega-Fund like KKR, TPG, Silver Lake, or Apollo. I've heard anything from $250K to $400K. Can anyone ... Equity Jobs? Want to land at an elite private equity fund try our comprehensive PE Interview Prep Course. ... salary varies from firm to firm, mega fund associates can expect to mak
  • Mega-Fund Search Firms Bain. Thanks, Roark Headhunters: Getting Placed into private equity megafunds. The following 5 firms are ... equity fund? Try our comprehensive PE Interview Prep Course. Our course includes 2,447 questions across ... 203 private equity funds. The WSO Private Equity Interview Prep Guide has everything you&#039
  • Why even bother going to a mega-fund? to go to another sweatshop PE fund that will kick you out after 2 years for B-school. I thought the ... a decent pe fund and still get into a top MBA program. IBD PE to Monday, May 2, 2016- 8:00pm ... banking-> PE was for greener pastures? I just don't see the rationale. You can go from a top IB to ...
  • What is the appeal of mega-funds? funds in private equity or big hedge funds, where the lifestyle can be close to if not just as bad as ... equity hedge fund megafund ... spend all their time worrying about getting into the top group at whatever bank so they can move to mega ...
  • How does my resume look for future mega fund recruiting? current position as an analyst at a small private equity firm. My plan is to work here until starting ... realistic is it for me to shoot for a summer internship while in my MBA at a larger fund or mega fund? Is it ... b-school in Fall 2015, so I'll have about 1.5 years in private equity under my belt and possibly ...
  • Work at lower-mm firm but working on mega fund size deal and know that's tough to do especially to mega fund if you haven't already worked there or ... summer internships? FWIW one of the equity partners we've met with is just under mega fund status in ... I work at a lower-mm PE firm, leaving for b-school in August. I'm looking to move up market ...
  • Transition MM Fund to MBA to Mega Fund Spanish Latin America private equity MBA middle market Mega Fund Buyouts ... I have been working as an analyst at a local private equity shop located in Latin America which ... basically focuses on mid market investments in the regional market. The fund has a network with larger PE ...
  • HELP: Business School convo with head of group at mega fund into my role as PE associate at a top MF, and have had great year-end reviews in which I have been told ... excuse to go to business school and never come back. The fund does sponsor green cards, but only for VPs ... post-MBA How would you guys approach this conversation? Would love to hear from former PE associates who ...
  • More suggestions...

If those topics were completely useless, don't blame me, blame my programmers...

Jan 7, 2019

Bump

Jan 7, 2019

Not sure about switching firms, but an associate in credit at Apollo switched over to the PE team.

Jan 9, 2019

how'd he do it?

Jan 10, 2019

Generally, from what I've seen, this is very tough to do. Credit guys tend to get pigeonholed as credit guys, because people on the equity side think what they do is so much more advanced / difficult. In some cases this is true (running third-party diligence processes, more detailed modeling, much more extensive diligence, being able to think about growth, etc.), but it's not brain surgery we're talking about here...that's just the perception. However, that perception can make it tough to jump from credit, especially direct lending, to equity unless you do it early on in your career and are willing to repeat your associate years. I've only seen one guy do it successfully, but he came from a mezz / distressed background.

    • 1
Jan 10, 2019
Comment