Q&A: PE Associate - Investments
Brief Background:
- MBA in Finance from top European Business School.
- 4 years in PE firm based out of Buenos Aires
- 5.5 years at a Bank in IBD in the FIG and CF teams
- Investor in the public and the private markets
I’m pretty open on WSO so I’ll likely answer just about anything. Feel free to ask away.
WSO Mentor Profile
Want to work with me? Check my profile here.
Thanks for doing this.
Why Argentina? Not a knock, just interesting choice of geography.
How do you get comfortable around the quality/fidelity of information and disclosures in the companies you invest in? Have done some work in EM/frontier markets and building trust around financials etc. was always a challenge given how much leeway there is to be "creative" in these sorts of countries.
Hi rabbit,
Thanks for your comment. Argentina has a favorable time zone for doing business and is also a great country for those earning in strong currencies (EUR, $USD, YEN). Buenos Aires is earlier to rise than NY (+1 or +2 hour time difference) and if you like late night hours in the office you can start trading in the APAC region at the start of the Asian markets, such as Singapore. Also, the economy of the country is highly reliant and dependant on the US dollar.
We get comfortable with the quality of information and disclosures from the companies we invest through the deal selection process and the due diligence process. It is always a challenge working with EM/frontier markets; however, some of the managers here are very disciplined and have some solid exposure. Since there is vast opportunity in these markets, companies can diversify rapidly into different streams. An example is Mercado Libre (NASDAQ: MELI), a business started in the e-commerce space but now has evolved into a fintech in the lending and payments space. One can be very creative in EM/frontier markets.
Thanks for this.
I do miss the flexibility in EM/frontier, def takes a stronger stomach though.
No problem, rabbit!
What were your networking strategies? What do you think is the most effective networking strategy you can recommend?
Aut molestiae esse in repudiandae. Quo tempora incidunt iure modi optio.
Rerum at eum quibusdam voluptas iste qui et. Perspiciatis quam modi distinctio. Consequatur iure sint laboriosam deleniti provident enim rem. Vero reprehenderit omnis sed sed.
Voluptatum assumenda minima vero placeat. Dolorem non est sed architecto earum. Est aut esse aliquid at nisi. Asperiores laborum et nam qui maxime nihil. Rem sunt ut excepturi alias reiciendis vero.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...