How do you let your current PE firm let them know that you received an offer for a competing firm?
Currently at a very lean tight knit firm so it’s going to be a difficult conversation.

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It sucks. Hard to advise without knowing why you’re leaving/where you’re going.

If it’s like XYZ offered me a VP spot with some carry and a significant raise and you passed on my promotion 2 months ago… then it’s pretty easy.

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Offer 2-3 weeks of notice, especially if you are the single person that runs any specific function within the firm.

If you’re going to a competitor, they may show you the door immediately. Unfortunately, that’s just how it goes sometimes.

Be professional, don’t knock your company in the exit interviews. Good bosses and coworkers will understand you have to do what is best for your career.

At my fund, we typically offer more than 2 weeks to not burn bridges - and be candid about the conversation. If you are changing city, can use that as a cover too - which is the most popular cover story we give since we are not in NYC

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