What would be some potential exits from a HF focused on micro-cap/small-cap equities?
Background: Investment Analyst with 2-3 years of experience at my current fund, and 4-5 years in total buy-side experience (worked at a family office prior). In addition, also completing a part-time/executive MBA in Finance from a top 10-15 school with graduation this year. Fund is sub-institutional, and want to explore greener pastures given that I'm graduating.
Because a lot of the companies we look at are cash flow negative, DCFs aren't a core part of what we do, but I can throw together one/do comparables, etc. Have a good grasp on corporate finance/valuation and will be brushing up as well throughout the year.
Initial exits for me seem like VC (same kinds of companies), but I'd ideally like to stay on the buy-side at an event-driven/special sits hedge fund. Would also be open to distressed credit. I know my current fund's strategy is unique, which is why any insights/thoughts/comments/anecdotes appreciated. Thanks in advance guys and gals.
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