Starting as a Private Equity Analyst in Asia (Singapore, HK)
Understanding that the site caters mostly towards the US crowd (and sometimes London/Europe), I hope to gather some insight on the PE scene within the Asian region. After reading a number of related topics, I understand that there are some professionals that have work(ed) in the region and do seek their opinion on this (@SSits" @Jamoldo" @thecoldburns" etc.)
- What do you guys perceive as potential exit opportunities for someone like myself?
- Would firms like top Private Equity firms like Baring PE, PAG be out of reach for me?
- Would it be better if I positioned myself towards getting an investment banking stint before reaching out to larger PE firms?
OP continued at end
Private Equity in Asia
This forum does tend to skew towards the US and Europe markets, but we do have many members with experience working in Asia. A few experienced professionals shared their experiences.
From Certified Risk Management Professional - Vice President @SSits"
I did PE from within the protective shell of an IB. We mainly recruited internally (or from people who had worked with us previously) due to firm culture reasons. As for other IBs, I can't say unfortunately.
From Certified Hedge Fund Professional - Trader @Jamoldo"
- Baring is pretty structured, and you heard it here, they DO NOT pay market.
- Too much hierarchy at top shops. Remember that most people do not build their careers at these top shops anymore. If you are good at investing/doing deals/sourcing whatever, someone will take notice. They see you doing stuff very well and poach you etc.
- Not that many big LBO deals in the market, especially when compared to the US/Europe etc. This part of the world is still growing, companies are still rapidly growing, and bank financing is either expensive or tough to get.
- Don't worry too much. I would focus on being awesome at your job, building some skills, and networking and getting to know the market and people in it (ie. competitors, peers etc).
From Certified Private Equity Professional - Vice President @thecoldburns"
For now, focus less on what exits you could have and more of what you can learn at your firm. The PE landscape is still rather young in this region (in comparison to US and Europe) so there are tons of potential growth for young investment professionals.
- PE in Asia-HK
- PE Scene in Asia
- Asia Pacific Private Equity Insights
- Baring Private Equity Asia Reputation
A little background; I graduated from a local university in Singapore and will be starting as an analyst at a local boutique private equity firm. The firm applies mainly growth equity strategies, but also considers buyouts (usually equity as LBOs at the lower MM level are rare) and debt investments. In my senior year, I lucked my way into 2 superdays for investment banking full-time jobs but did not get any - likely due to my dismal GPA of 3.0. However, I was fortunate enough to land myself an offer from the above-mentioned PE firm.
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