Joining UMM firm summer 2023 as an associate. Have UMM/MF firms historically had layoffs during recessions? Gauging whether I should push for promotion at current firm as backup in case layoffs / rescinded offers are common. Thanks!

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Not common

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Won’t happen. PE firms don’t write off their portfolio the same way hedge funds do during down times. Only way they will see a hit is when trying to raise new capital or looking to sell a company. But all of these can be massaged around the down market and continue to buy cheap.

TLDR - no, if it’s a major firm, there’s very very little chance offers will be rescinded or have layoffs

PE firms have a set operating budget so you’re safe until 100% of the current fund is deployed. They are recession resistant, in that regard

How many months have you been at your current fund?

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