Recruiting from UMM/MM PE Associate —> HF Analyst?
Just started my first year as an analyst in one of the top LevFin groups. The dream is to make it to a top HF someday, and I’m thinking PE first is the best way to get there. Realistically, mega funds aren’t an option, and a Welsh Carson, Madison Dearborn, Leonard Green type firm is probably my best bet. Since PE recruiting is going to start happening soon, I wanted to make I have a solid plan down.
Given that I want to be at a top HF some day, how is HF recruiting from these types of PE shops? Are the best HF roles reserved for the GS TMT + Apollo alums? What HF strategies should / shouldn’t I be looking at (L/S, activist, event-driven, etc)? Are headhunters / email in-bounds the main point of contact, or would I be networking hard to get interviews? Should I just skip PE and recruit for these HF roles with my LevFin background?
Thank you all in advance.
Nothing to add here. Just following
I would assume LevFin would lean towards credit/distressed credit funds straight but doubt you could do L/S equity but just my two cents. That may favor a few years in PE..
That said, a PE and HF mindset is hugely different, not sure there is much overlap? Could a move to AM not provide a good spring board and opportunity to develop that mindset (and some solid investment ideas)
Take my opinions with a grain of salt, I am a SA
Yes. I’m honestly not interested in credit funds (or AM), so I’m trying to create a path to L/S, activist, or event-driven funds.
In which case I would try to generate a credible stock and short pitch and send out emails to both recruiters and employees at firms you are interested in.
End of the day if you can generate solid ideas, I do not think it matters where you are currently
Why r megafunds not in the cards for you if u r in top LevFin group?
They’re an uphill battle for anyone, especially those not in GS TMT, MS M&A, etc. I guess it could happen, but I’m just trying to be realistic.
I think OP is right here. Generally a good rule of thumb to expect and prepare for failure, from both the perspective of mental health and optimizing for the best result.
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