Why move into private equity?

• Dynamism & high-calibre staff: Private equity (PE) has a high barrier to entry, meaning you will have the opportunity to learn from some of the most impressive accountants and non-finance staff in the industry.
• Higher earning potential: PE often offers more lucrative compensation, including performance-based incentives like carried interest as you progress.
• Career growth opportunities: The skills and connections you build in PE can open doors into numerous roles across financial services and alternatives, leadership positions in commerce businesses and even non-finance roles in PE, such as Portfolio Management or Investor Relations.

What roles are available for your first move into private equity?

• Fund Accounting
• Corporate Accounting
• FP&A
• Portfolio Monitoring

Which audit teams are attractive to PE firms?

• PE & VC audit: Auditing firms within the PE industry, meaning you’ll have highly relevant exposure to PE fund structures and Valuations.
• Asset & wealth management audit: Auditing across asset classes with similar fund structures and involvement in asset valuations.
• Banking and capital markets audit: Auditing banks and fintech companies.
• If you're interested in PE but currently sit outside of these areas, consider internal moves within your firm or external moves to advisory or audit firms with relevant teams.

How to upskill and develop your knowledge base?

• Excel & financial modelling: PE firms highly value Excel and financial modelling skills. They often appreciate candidates who have pursued additional learning outside of audit.
• Valuation techniques: Learn methods like Discounted Cash Flow (DCF).
• Sector knowledge: Develop a strong understanding of PE, including fund structures (e.g., Jersey, Lux, Cayman), investment strategies, sources of capital, and key industry trends.

Preparing for interviews and case studies

• Case studies: These vary by role. Some focus on technical or fund accounting understanding, while others emphasise modelling. Be ready for questions on both.
• Interviews: Expect 2-3 rounds with various interviewers, including non-finance stakeholders. Be prepared to discuss not only technical accounting issues but also your understanding of the wider PE industry.
• Know "why" the firm interests you: Do thorough research on the firm’s investment strategies, portfolio companies, and recent news. Be specific in articulating why you're interested in them.

How to Present Yourself to PE Firms?

• Be confident: PE firms need to see that you can handle a high-pressure environment and communicate directly and efficiently.
• Be humble: Avoid exaggerating your achievements. PE firms value authenticity over large egos.
• Be smart: Adhere to a smart dress code - aim to look as polished as possible for interviews.

get in touch

If you’re an auditor looking to transition into private equity or venture capital finance roles, please get in touch. Contact Seb Ellis in the first instance on sebellis@srmrecruitment.com or +44 (0)7300 853160