MM IB -> Family Office; Chances to get into traditional PE?

I'm a first year associate at a Family Office in the midwest started by two Entrepreneurs, which will eventually evolve into a multi-family office as the firm recruits other wealthy families. The founders exited a large tech biz and are worth ~$500M collectively. My job has so far been setting up infrastructure around the investment process, as well as doing direct investing in seed ($0.5M - $2.0M) and growth ($2M - $5M) investing. The founders also own 2-3 PCs that they started years ago, that haven't taken off. I help with ad-hoc Corp Dev and other projects with these companies as well.

I started my career in MM IB at a boutique on the west coast, I got some good transaction experience under my belt through 2 SS M&A transactions and a Private Placement, all in technology. I decided to go to the FO because I have a relationship with the founders through my alumni network, and I didn't break into traditional PE during my IB stint.

That all being said, I wanted some advice on traditional PE / growth equity funds. Does this prior experience give me a good chance to land a lateral PE Associate role now, or a Senior Associate / VP role in 2-3 years? I'm not unhappy with my current role, I've just always wanted a more institutional fund with set infrastructure and processes and didn't break-in during my IB stint as I mentioned above. Or am I overlooking the opportunity I'm currently at and should I just stay as the FO grows? Any advice welcome and thanks in advance.

Comments (1)

 
Most Helpful
Jul 28, 2020 - 1:14am
Start Discussion

Popular Content See all

IB Sucks. I'm out
+160IBby 1st Year Analyst in Investment Banking - Generalist">Analyst 1 in IB - Gen
IB is not intellectually challenging
+64IBby Intern in Investment Banking - Mergers and Acquisitions">Intern in IB-M&A
Janet Yellen - Unrealized Capital Gains Tax. WTF
+29OFFby 1st Year Analyst in Investment Banking - Generalist">Analyst 1 in IB - Gen
VP Lying
+28IBby Prospective Monkey in Investment Banking - Mergers and Acquisitions">Prospect in IB-M&A

Total Avg Compensation

January 2021 Private Equity

  • Principal (7) $694
  • Director/MD (15) $627
  • Vice President (58) $366
  • 3rd+ Year Associate (60) $272
  • 2nd Year Associate (117) $245
  • 1st Year Associate (251) $224
  • 3rd+ Year Analyst (23) $162
  • 2nd Year Analyst (57) $138
  • 1st Year Analyst (165) $118
  • Intern/Summer Associate (18) $71
  • Intern/Summer Analyst (179) $59

Leaderboard See all

1
LonLonMilk's picture
LonLonMilk
98.5
2
Jamoldo's picture
Jamoldo
98.4
3
Secyh62's picture
Secyh62
98.3
4
CompBanker's picture
CompBanker
97.9
5
redever's picture
redever
97.8
6
frgna's picture
frgna
97.6
7
Addinator's picture
Addinator
97.6
8
bolo up's picture
bolo up
97.5
9
Edifice's picture
Edifice
97.5
10
NuckFuts's picture
NuckFuts
97.5