PE Megafund Or MM Bank?

Hi all, 

I am currently working in a MM bank doing buy-side in syndicated leverage finance. We buy to hold, perform credit analysis and we are a small part of the market. I like it here.
A recruiter contacted me for a role in a PE megafund, which is in their private credit arm in the team that will NOT originate the deal and will exclusively monitor the performance of the credit and update projections.

initially, it seemed like a no-brainer, I had to try for this new opportunity, but after thinking about it, I am not so sure. Yes, the megafund would do wonders to my CV, pay would improve quite significantly, but will I get pigeon-holed in a role that is not necessarily my ideal role, since it is quite "passive? what would you guys do/ consider?

thanks monkeys

Private Equity Interview Course

  • 2,447 questions - 203 PE funds. Crowdsourced from 750k+ members
  • 9 Detailed LBO Modeling Tests and 15+ hours of video solutions.
  • Trusted by over 1,000 aspiring private equity professionals just like you.

Comments (4)

  • Associate 3 in PE - Other
Feb 14, 2021 - 10:34am

Would you be doing any investment related portfolio tasks?  Ie; workouts of portfolio,  recommending upsides of positions at current trading levels, divestment recommendations?  

If not would pass. Sounds like you would be going from front office investment seat to more of a non-front office role.  Will be hard to come back and you aren't getting reasonable experience that other firms would give you credit for. 

Feb 14, 2021 - 10:21pm

I think it's probably worth waiting for a direct lending role at a larger platform and work your way up, rather than getting into a role where you might be pigeonholed. Without having the origination and underwriting experience, it's going to be harder to stay within that track once you've moved out of it.

Start Discussion

Total Avg Compensation

June 2021 Private Equity

  • Principal (7) $694
  • Director/MD (18) $575
  • Vice President (65) $371
  • 3rd+ Year Associate (66) $270
  • 2nd Year Associate (133) $254
  • 1st Year Associate (274) $223
  • 3rd+ Year Analyst (24) $164
  • 2nd Year Analyst (60) $136
  • 1st Year Analyst (177) $118
  • Intern/Summer Associate (19) $70
  • Intern/Summer Analyst (206) $59