3 years into my current gig at an equity L/S fund (started out of undergrad) that's getting hit with redemptions so I'm looking to get out ASAP. I am weighing a few options at the moment:
(i) MM PE associate, 2 funds with total AUM 500MM-1B range. Good comp package offered and solid team but not much of a track record of exits yet.
(ii) Family office of successful investor/entrepreneur. Small team (<10 professionals) running ~1B investing in both private and public. Approach is long-term and concentrated. Owner very involved in investment process and day-to-day, was senior PM at top fund for a decade. Comp may be on par to 10-15% lower than PE option.
(iii) MF PE associate, process ongoing--no offer yet.
Would like to hear some thoughts on the relative merits of these options, especially on #2.