PE Associate Jumps to Death / Discussion on Mental Health
Hi guys - was surprised I didn't see a post on this, so figured I would make one. Last night there was an article published on Business Insider about a 25 year old PE Associate that jumped to death at Windsor Court. He worked at a Growth Equity firm called GreyLion. It's behind a paywall, so I've pasted the text below:
Drew Miller, a 25-year-old private-equity associate from Warren, New Jersey, was found dead outside of a high-rise apartment complex in New York City on Monday. The cause of death was suicide, his father, Andrew Miller, told Insider by phone on Wednesday.
"Suicide is not a rational act. We're all devastated," Andrew Miller said, speaking on behalf of his family.
Miller fell from the high-rise building Windsor Court, which is located on Lexington Avenue between East 31st and 32nd Streets. His body was found by police after they responded to 911 calls shortly after about 8 a.m. Monday morning.
Emergency-medical-services personnel pronounced Miller dead at the scene, according to Annette Shelton, a spokesperson for the New York Police Department. Shelton confirmed Miller's identity in an email to Insider on Tuesday afternoon, and added that an investigation was underway.
Since April, Miller had been working as an associate at GreyLion Capital, a New York firm focused on growth-stage investments. GreyLion was spun out from the asset-management last year.
"Drew was an incredibly bright and talented individual who was well liked and highly regarded by all who had the pleasure of working with him," Jody Shechtman, a partner and the head of marketing and business development at GreyLion, wrote in an emailed statement to Insider on Tuesday afternoon.
"We are incredibly saddened by his passing. Our deepest sympathies are with Drew's family and loved ones during this difficult time," Shechtman added.
Andrew Miller added that senior executives from GreyLion had been in touch with the Miller family to express their condolences.
AM New York, a local publication, reported the death of an unnamed man on Monday but did not identify him in its article.
Miller's body was found with several personal effects, AMNY reported. Among them were a backpack and duffel bag, a laptop computer, a tablet, medication, and house keys, the outlet said.
Before joining GreyLion, Miller was an investment-banking, a healthcare-focused investment bank which was acquired by .
Cain Brothers CEO Robert Fraiman and Chief Administrative Officer Danielle LeBenger did not immediately return Insider's request for comment on Tuesday afternoon.
Miller worked at Cain Brothers from 2018 to 2021. He attended Indiana University's Kelley School of Business from 2014 to 2018 and obtained a bachelor's degree in finance, according to his LinkedIn page.
Suicide is complex, and the reasons behind a suicide are not always immediately clear. Risk factors include mental illness or a history of trauma, and many people considering suicide exhibit warning signs. Treatment is available to help people overcome suicidal thoughts and better cope.
Obviously without greater context or knowledge of this specific situation, we can't attribute his death directly to the stress of his job, but I think it's an opportunity to have a broader discussion on the topic - the grass isn't always greener in PE. I personally struggled greatly with my mental health during my banking stint, and fortunately I've exited to a PE firm with a really great culture where I'm much less anxious / stressed all the time. But I have friends at other firms that are still struggling, and I just wanna say that no job should take priority over your mental or physical health. It's very easy to get caught up in the next deadline or deliverable and push off finding space to destress, but I'd urge any of you that are struggling to carve out at least an hour a week to speak to a mental health professional. Have an honest conversation with your VP or whoever you work with and say, don't ask, that you'll be having a recurring doctor's appointment once a week that you'll need to be offline for. I sincerely believe they'll respect you more for creating boundaries, and if it's really an issue, then that's a clear sign you should find a new place to work. I've found it absolutely invaluable to have that appointment set on my calendar every week. Your firm should have a telehealth platform available to you - use it. I hope this post can be a wake up call for any of you that need help - feel free to hit me with a DM if you want to talk.