Hey everyone,
Wanted to get opinions on moving from PE secondaries to direct investing. I am interviewing for a 2 year role for a PE analyst for MM secondaries market at a well-known brand. I was wondering coming out of this, will I be able to recruit for direct investing PE associate roles with adequate networking/through headhunters?
The firm says people coming out of the 2 year program are either directly promoted to associate, go to top business schools, or go to direct investing firms. I just wanted to get thoughts from people on this forum if they know of people moving from secondaries to direct. I tried doing LinkedIn stalking to see if people did in fact make the transition but had a hard time trying to track people in general that were in this role before.
Any advice/thoughts would be greatly appreciated and thanks in advance!
bump
Is it possible? Sure. Have seen people from Secondaries funds do so, especially from the big players (Coller, Lexington, etc). Seems like a very good time to get into Secondaries though. Have friends in the industry who are really enjoying it. Great pay, decent hours, increasingly interesting deals - have been lots of innovation in this market in recent times.
Thanks for the response. Do you know what kind of exit opps? UMM direct PE firms possible? Also, out of curiosity, what is the comp like if you have an idea/range?
MM ($500m+ funds) are highly unlikely even if you are co-investing.
Skillsets are different. My guess is you could move to a lower MM fund or would have to lateral over to an IB program for 1-2 years before making the move into a decent shop.
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