Public Finance best verticals for exit opps

Which verticals within PubFin are best for exits or development of transferrable skills to either PE or traditional IB? I was thinking it would probably be P3, Transportation, or Healthcare given that they might have greater exposure to traditional modeling, but I would appreciate some light shed in this regard.

Additionally, what about groups that cover land-secured deals (e.g. California Community Facilities District) with regard to the aforementioned development or career mobility opportunities? Thanks a lot!

19 Comments
 

Private equity is a very uncommon exit, healthcare offers some fairly interesting ones, I have seen managing directors, make the move to be chief financial officers at health systems. I would think more people would likely move either into a government role like debt management, or to a long only asset manager. There are a handful of municipal distress/private credit/hedge funds. For instance, Preston Hollow, Fundamental Advisors. The only private equity exit that I’ve seen was to an infrastructure fund, so I would think anything that touches infrastructure, e.g., transportation, water/sewer, electric utilities. The other thing that might lead to more traditional exits is doing industrial revenue bonds for corporate type issuers. 

 

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