TMT Corp Dev to HF or PE? Am I Insane?

sinbad89's picture
Rank: Chimp | 8

Hey Guys-

Wondering if I'm completely insane here or just stupid.

I've been working in Large Cap TMT companies in a variety of roles for the past decade: Corp Dev, Biz Dev, marketing, management consulting, analytics.

Past few years, I took the side-door into corporate development as an operational expert for TMT companies. In short, we had a few acquisitions that looked great on paper, but any sort of operational expert in TMT would see early on large issues with the transaction beyond the IRR.

Because of that, they put me on to oversee all the operational due diligence and sourcing from "alternative" web-data sets I was using to do business development with. Plus, I have a decent sized book of c-suite contacts in TMT I've known or worked with the past decade. Also because of this, I've learned all sorts of financial modeling on the job and fully capable with any sort of DCF or LBO.

Since then I've worked on 20+ transactions (my company is a serial acquirer to put it lightly), 3/3 of my own ideas turning into profitable acquisitions.

However, my buddies in various finance roles told me I would be great at an activist HF because I can identify operational issues so quickly- and then can find the web data to back it up. I have several positions paying off quite nicely in my personal portfolio because of this knowledge.

Have to admit, the idea sounds great on paper, but in reality- do HF's ever take TMT SMEs?

Comments (2)

Jun 3, 2019

Hey sinbad89, I'm the WSO Monkey any of these help:

  • Credit Hedge Fund opportunities from fund management and underlying percentage of CLO equity ownership, trying to beat variety of ... available... and not sure about competitive dynamics regarding private lending from an investment manager/ HF ... lending analyst and private equity- need to understand downside scenarios, risk assessment, and credit ...
  • Hedge Fund Careers: Getting a Hedge Fund Job Out of Undergrad and Beyond equity research. If you want to be in a systematic hedge fund / CTA fund, you'll need to do some ... you'll ever need to land the most coveted jobs on the buyside. HF Interview Course Here hedge fund ... undoubtedly the greatest attraction to careers with hedge funds
  • From Hedge Fund to Corp Fin to M&A, boss was happy with having fund that small, so I left. I am also on L2 of the CFA. Although the HF ... small HF (click on my prof to see my original post on that), but decided to leave after a year and ... a half. Long-story-put-very-shortly: fund was small, I was being paid shittily & wanted to grow fund ...
  • Hedge Funds v/s Private Equity: Which industry will survive and thrive in the next two decades? panel discussion and gave some profound advise on 'How to run a hedge fund?'; and just now ... questions: 1. In the coming two decades, will we be left with a handful of hedge funds running on ... actual idea generation or just in fund raising/IR? 2. Will the PE guys simply take over the entire ...
  • Comparing Investment Banks, Hedge Funds and Private Equity this detailed thread on WSO. Private Equity vs VC vs. Hedge Fund Private equity is similar to VC as ... is important to understand is that PE and HFs have very different work flow. Private equity is often ... Break into the Hedge Fund World? Want to land at a
  • From HF to Corp Dev. Is it hard to move from hedge funds to corporate development eve though one might have had ... previous investment banking experience before hedge funds? ...
  • Breaking Into a Hedge Fund with a Background in Pharmaceuticals AM Hedge Fund HF PE IB Boston NYC CFA MBA non target Hedge fund and Private Equity fund ... Bridgewater Biotechnology Consultants ER Equity Research Banking HF Hedge Fund VC Venture Capital ... best to leverage my non-conventional background
  • More suggestions...

Hope that helps.

Jun 23, 2019