Run Corp Dev at PE Portco, or Mid-Level Corp Dev at F500?
I'm a VP in growth equity currently in process for a couple different corp dev opportunities (in tech)
Option A: Your classic corp dev org at a giant public company, would be Director-level in an 8-10 person group in a business that has historically done a good cadence / frequency of M&A
Option B: Would be running the corp dev function for a PE portco. Report to CEO, but not really any full-time junior resources (probably can tap in FP&A, etc. when needed). The company is ~$500M TEV today and just recapped with a new sponsor who wants to be acquisitive
My inclination is that Option B is more appealing from a career perspective (given level of profile / responsibility) but my big concern would be the lack of mentorship. In theory you get guidance from the PE sponsor, but I know my career development isn't high on their priority list. You probably learn a lot from the CEO but that would be more general mentorship since they've never done the M&A job.
Anyone have thoughts about how appealing each is? These seem to represent the two main thrusts of corp dev jobs open to someone at my level, so a general framework on how to evaluate each is interesting.