I am currently a management consultant working at MBB in the firm's PE practice, in Europe/London. I have previous experience in PE and public equity investing from past internships.
I am looking to move to the buyside at most a couple of months after finishing my first year. Having spoken with a couple PE headhunters I was told this would be feasible, namely if I was targeting the consultant-friendly PE shops, and that I could start at the Associate level.
However, I am very much interested in public markets, being an investor myself (focusing on small cap value, spin offs and other special sits), and over the long term would like to work there. In fact, my ultimate goal would be to launch my own fund or family office. So I am deciding between the following two options and would appreciate your input:
1 - Target PE firms on my recruiting efforts, get into a top large cap fund at end of my first year with a view to move to the public side 2-3 years after that
2 - Target HFs from the start and try to make a direct move from MBB to public equities at end of my first year, potentially longer due to difficulty in doing so
Of course, I could target both, but that would dilute my efforts. So I would appreciate you view on the feasibility of 2. My feeling is that it might be too difficult, and I would be better off going for 1 - I would be honing my investing skills in PE, so I do not think it would be lost time from a career standpoint.
Thanks in advance!