When I was at J.P. Morgan, I thought about this debate along with most analysts around the bullpen. “What do you think it’s like working at a hedge fund vs. private equity?”
Venture capital and entrepreneurship hadn’t taken off then. Hedge fund and private equity were the 2 paths that seemed the most logical for those who wanted to stay in finance.
I leaned towards private equity. I was in distressed debt investing at the time working with private equity funds. They bought and sold distressed investments from us, which was very interesting work through the financial recession.
But after a while, the stress of bankruptcy negotiations and legal proceedings finally got to me. Having worked in the field for 3 years, I knew exactly what private equity associates did and what their career trajectories looked like. I wanted to get there.