{ "media_type": "text", "post_content": "Recently started at a small secondaries PE firm in Boston from T2 consulting. Recruiters are still reaching out for summer 2023 starts for buyout firms. Should I hold out on trying? Maybe get a year of experience before responding to HH’s / recruit for immediate starts a year in?", "post_id": "62fd07d1c5d656001f6cfef3", "reply_count": 3, "vote_count": 1, "bowl_id": "5b7c3919448e9300186d3deb", "bowl_name": "Private Equity and the Buy Side", "feed_type": "bowl" }

Recently started at a small secondaries PE firm in Boston from T2 consulting. Recruiters are still reaching out for summer 2023 starts for buyout firms. Should I hold out on trying? Maybe get a year of experience before responding to HH’s / recruit for immediate starts a year in?

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Posting as :
works at
You are currently posting as works at

You’re going to be better off applying now, a year in secondaries alters your career trajectory

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It will, but it’s easier to explain away. You could say you realized immediately it was a bad culture fit, you could say the role was misrepresented prior to your start etc.

It’s not a line you can use for repeated job hopping but in this situation it would be understandable

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When the fire alarm for your apartment goes off at 2 AM and the fire truck shows up like 30 minutes later 🥲🙃

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The hours I’m working right now to meet a deadline are extreme, I’m only getting a few hours of sleep a night. How do you keep yourself alert during that final push?

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Hai guys,

Got an offer from IBM as an application developer for 10.4 LPA and from Bosch as a SERVICENOW consultant for 8 LPA.
YOE - 3.2- Servicenow Developer
Which one to choose??

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Hi,

We are looking for a flatmate for a 3bhk flat in Viman Pride, located 5 mins from pheonix mall. The flat is fully furnished, and the rent for the given room would be ~15k, you can ping me for details/pics if interested.

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Hi Fishes,

My HR round in HCL completed 2 weeks back. But there is no response from HR for my calls mails. When I can expect the offer letter? is this delay is common nowadays or only for me??

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What should I consider when investing in mutual funds?

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Current portfolio = 50% in SPY, 50% in QQQ. Thoughts?

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Received a buyout offer but thinking of turning it down to recruit for more growth oriented roles as that’s where my real interests lie. Any thoughts on starting a career in buyout vs. directly in growth?

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How much can a founding partner of a very small LMM firm make in salary? Say, $100-$200MM fund?

What type of backgrounds usually end up in MM PE Secondaries firms / groups?

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Do people in PE Ops roles take board seats or only investment team?

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Can someone share a screenshot or paste of the wording for a summer intern offer letter for the bigger PE/alts firms? I am drafting an offer letter for a smaller fund and want to use the language. I am just interested in how they word it for salaried positions though an internship. Thank you!

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I’ve seen a lot of chatter on PE Ops in recent days. Anyone bag an offer recently? If so, what level, YOE, TC, carry?

Looking for comps in this space (outside of the H&S survey) is challenging.

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For ex consultants without finance backgrounds who transitions to PE or Growth do you have any recs on podcast books to read that helped you build your PE/Investing knowledge?

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Portage Point Partners is looking to make hires at the Associate/VP levels in the coming weeks. We are a Restructuring & Turnaround boutique that focuses on company-side work. Primarily looking for ex-IB/PE, but are flexible. Please comment or DM if interested or w/ questions!

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Hi everyone,

I've miraculously made my way into a buyside position at a REPE firm $6b+ aum, coming from a non traditional finance background- no IB / consulting exp. How common is this, in REPE? I feel very lucky to be in my position and work long hours trying to keep up. At first, i struggled immensely, but now I feel my heads up out of the water, and want to be proactive in learning mannerism typically taught in IB. How do you reflect on your months performance and keep learning?

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Why do PE firms purchase companies on a EBITDA multiple? At the very least, why not FCF since EBITDA is just a proxy for that anyway?

likefunny

I've seen a few articles lately about "microcap" funds that target businesses with EBITDA of $2m-10m. How has this space changed in the last several years? Opps?

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