Comments on: Private Placement Agent Jobs: Industry Overview and Recruiting

By: Paul

Paul — Thu, 06 Jul 2023 12:40:08 +0000

In reply to Chris. Hi Chris - I'm very interested in hearing your thoughts on transitioning and working for an elite placement agent firm like yours or a PFG. I currently have an alts background focusing on quasi-institutional LPs. Thx!

By: M&I - Brian

M&I - Brian — Wed, 01 Feb 2023 15:56:35 +0000

In reply to Andrew. I can't comment on registration or other legal requirements, sorry. This site mostly deals with careers in terms of recruiting, advancement, and compensation as you move up. We stay away from legal/registration/tax/related issues because you're better off talking to a licensed professional for those.

By: Andrew

Andrew — Fri, 20 Jan 2023 03:59:55 +0000

Hi Brian,
I started my career in commercial real estate and gradually began advising my clients (RE funds, private investors) on raising capital, I used my connections and basically connected A with B. Does this qualify as a PA and do I have to register as a broker-dealer?
Thanks

By: M&I - Brian

M&I - Brian — Wed, 18 Jan 2023 16:31:01 +0000

In reply to Arthur.

I’m not sure offhand, but I believe it is possible because all these groups have Associates. However, there may be more of an emphasis on internal promotions and less on MBA recruiting (but, again, I don’t have much data to back this up – just going on the notes from this discussion a few years ago).

By: Arthur

Arthur — Sat, 14 Jan 2023 01:10:14 +0000

Do you know if it is viable to recruit into private placement groups as an MBA associate?

By: Chris

Chris — Fri, 23 Dec 2022 18:54:57 +0000

In reply to M&I - Brian. I work in a global elite placement agent. Happy to share insight. Let me know if interested. Best C

By: M&I - Brian

M&I - Brian — Wed, 12 Oct 2022 17:34:03 +0000

In reply to Ivan. It depends how the placement agent firm you're at is structured. The firm/group as a whole earns commissions based on capital raised, but they're probably not going directly to you personally until you are more senior in the group.

By: Ivan

Ivan — Fri, 07 Oct 2022 13:34:51 +0000

Hi Brian,

Thanks for this article, very informative as always!

If as a PA you bring on a new GP and we manage to raise for them would you get a % of the fee billed to the fund because you sourced it?

Many thanks!

By: M&I - Brian

M&I - Brian — Wed, 06 Apr 2022 17:25:47 +0000

In reply to rin nn. Sorry, I don't really know enough about this area to say. But I think it would be quite difficult to move into PE directly from here. Other groups at a large bank are more realistic options.

By: rin nn

rin nn — Wed, 30 Mar 2022 03:05:15 +0000

Thank you for your article! I am still curious about the exit opportunity after placement agent type 2(I guess). Is this possible to go to PE or IBD’s investment strategy department? (I don’t care about the sector or departemnt), not as a sales?

I am a 2-years experienced coverage relationship manager(=sales) for a global Japanese bank, and I want to change my position to a strategy/analytical position which means I can do modeling/valuation/and more things. And I got an offer from a placement agent which assists funds amount USD 10 bn
I am wondering about the exit opportunities after working as a private placement agent.
After reading this article, I feel it is a sales position that I quit.
But if it provides me the exit opportunity into the investment decision department, I want to join.
Can you answer me? Thanks a lot.