Public Finance to PE/HF; Possible?
I attribute a lot of my success to this forum so hoping I can get some more helpful advice.
I am currently at a top BB Public Finance IBD shop in NY and wanting to make the transition to the buyside, primarily interested in growth equity (PE) or distressed debt (HF). Obviously, like all other new-comers at banks, I get a ton of buyside emails from headhunters and such, requesting to speak and to learn more about you and see if you are a good fit for their buyside clients, but I feel like I never get too much traction because I'm not their traditional analyst and they want to increase their chances of me landing something. My question is, is there any successful way to get to talk to HF/PE funds to increase my chances?
I feel as if though the transition from what I do to what they do is quite difficult as people believe we don't do traditional modeling, which we don't, but I would wager that we do comparable work in terms of excel modeling. Though I lack traditional merger modeling, I know I make up for by understanding financial models (previous internship at a large bank in their ER department juxtaposed with continuously modeling traditional banking models, ie merger and lbo models, in my sparetime). My current role involves working with P3 clients, ie sports financing, and private placement deals. I've worked with a few Infra Funds and see the way it works (ie, IRR of the project, financial statements, optimal bond sizing and equity contributions, etc) and am incredibly interested in the field, though I want a more traditional corporate role, working with larger firms and more "capstone" deals. Don't get me wrong, I love my work, the people I work with and the culture I am in, and I am incredibly grateful to be in my position, but I can't see myself enjoying it for the long-run. I talk to the traditional banking guys all the time, and my curiosity always peaks with their deals.
Anyway, don't want to give too much back story as I'd rather remain anonymous, but hoping for any advice!