Currently working as a VP in a PE backed company that in the next 12-18 months has plans to sell to another, larger well-known PE shop. As I think about my career and future, I do not believe I'd like to stay in my current business development position but move towards something more mentally stimulating.
With that, is it possible/common for a VP in a portco to join the PE firm proper and work in an operating role, assuming making the transition to the investment team is almost impossible? How common is this and would one come in as a VP as well or at a different level? Once on board, what is that type of work one would be doing and what would be some potential exit opps? Would you move up the ranks eventually making partner or just end up jumping from portco to portco?
From a career standpoint, is working in a PE operating role even worth it or would one be better doing business development/sales for a VC-backed company that has more equity upside and growth potential?
Have found the comp structure (link below), but other than that, I am not to familiar with exit opps, titles, what you would actually do day-to-day within the role, etc.
Understand these are a ton of questions. Would appreciate any insight or information as this would be extremely helpful.