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Presumably you mean a search fund because unless you have an incredible LP network and some amazing operating partners, you won’t get a PE set up.
If you’re an IB Associate you also have no material experience at buying a business nor providing value to shareholders. (Not an offensive comment just the truth)
OP said they wants to START a PE in 5 years.
They are an Associate now, means they have 4-5 years max experience and that assumes they’re M&A/Debt, i.e something that’s transferable to PE.
Tell me a successful MM PE (that wasn’t funded by family money) that was started by someone with 5 years PE experience and 5 years IB…
What’s the value add to a selling entrepreneur to sell to someone with OPs background?
Use your head mate.
OP can easily go and work for PE today as an IBA, but the thought of OPENING a buyout PE fund with multiple long term investments in that short amount of time is ludicrous.
Thank you for your input. No offense taken, I know you are just trying to be helpful.