Pros and cons of joining PE family office

Hi all,


Wrapping up 3 years in T2 consulting CDDs and I’m in two PE final rounds - one MM shop, and one LMM family office.


Context on family office:

Founded in 2017, 3 man investment team + 2 partners/seed investors (both had VERY good careers before, so cool mentorship), invest in FS/tech assets, have done 5 LBOs and averaged ~4x MoM. Plan to “maybe” raise a proper $300M is fund in a couple years but no rush. 
 

What are the pros / cons of this career move at age 26? How should I think about this vs a standard buyout shop?


pros: “significant carry” on deal by deal basis (need to confirm exact amount); rapid progress (guy went from assoc to principal in 3 years); amazing mentorship / experience 


cons: zero brand, appear to do ~1 deal and a couple bolt ons per year, maybe lower base, career risk?


How would others think about this? What  am I missing?


Thanks 

 

Optio earum consequatur nobis porro. Exercitationem nisi blanditiis repellendus qui cupiditate est praesentium saepe. Aperiam cumque voluptates consequatur ad. Optio assumenda minima voluptatem.

Saepe facere sint pariatur officiis quisquam sunt. Impedit voluptatum ea quibusdam voluptatibus saepe.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 99.0%
  • Warburg Pincus 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

May 2024 Private Equity

  • Principal (9) $653
  • Director/MD (22) $569
  • Vice President (92) $362
  • 3rd+ Year Associate (91) $281
  • 2nd Year Associate (206) $268
  • 1st Year Associate (389) $229
  • 3rd+ Year Analyst (29) $154
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (246) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (316) $59
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”