Does taking the operator role at a PE fund limit your opportunities of moving into an investor role later? I have strategy consulting background at a big 4. I am interested in moving into PE in an investment role. Frankly, it’s been tough trying to break in with my background and currently working on joining MBB to increase my chances. Recently, I have had recruiters reach out for operator roles at a few funds but worried taking this route will limit my chances. Anyone moved from ops to inv.?

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Depends - European funds are really clear about the divide. I would stick in consulting longer

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In an ideal world I would love to be exposed to the end to end deal lifecycle where I am involved in pre-deal investment activities but also get to work on some value creation efforts post-deal.

Very very rare. Never seen a deal team member who was former ops, all were former IB or MBB. Also, what do you mean by ops? If you mean funds ops like finance, then no chance. If you mean ops improvement team for portcos, then maybe a slight chance, though more likely to exit to the portco team.

I haven’t seen it, but I’ve only worked with maybe 10 funds doing DD, so small sample size. Check the backgrounds of people from the funds deal teams and see if any have come from that background.

MBB isn’t going to increase your chances much champ

I have to ask what personal reasons could you have for not being able to do IB, but then be willing to do PE? They are very, very similar so I’m just wondering what the rationale may be here

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