Pay for Sector Focused PE firms vs. Banking
Hi guys - is it typical for Sector Focused PE firms (mixed bag of growth equity/VC fund making $50-$150M investments) that are NOT, TPG, , etc. to pay significantly down compared to banking (all-in)?
One of the key factors I think that drive people to move to PE are not only the lifestyle change (albeit little in the big shops) but also better pay all-in. Another of course if for personal interest in investing space.
If my first point is true, why do majority of the people leave to the buy-side for significantly less pay? Is it an act of learning how to invest and what to look for, and the potential to branch out on your own eventually to make bets on your own later?