SPAC Recruiting / Exit Opps

Hi fellow WSOer's...

 

Have a quick question regarding SPAC recruiting....what's your take on leaving PE (traditional MM fund) for a SPAC opportunity? Are junior level roles at SPAC's pretty hard to come by (e.g. worth pursuing)?  

 

Also interested in the exit opportunities at a SPAC. Let's say the SPAC fails to acquire a platform within 24 months...what are the possible paths that one can take afterwards? Thanks all. Really appreciate the help here. 

Comments (2)

 
Jan 30, 2021 - 6:51am

Most SPACs are being sponsored by growth equity, buy out shops and professionals that have a reputation in the industry. So you may find it easier to try and find a role in growth equity or buyout, even if it hasn't got a SPAC yet the chances are pretty good they'll have one in the future. 

For most of these funds, a SPAC is just another way to raise capital. At a junior level it would be hard to see how much value one could add from this point of view.

Even if you could find an appropriate junior role working for a SPAC, there is a chance that it all comes crashing down. My suggestion would be to find a solid footing with a reputable investment firm that you can build your career on. 

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