Anyone have any insight into Carlyle’s modeling test? Heard it’s a RE LBO but given they do single asset, development heavy deal types I find it unlikely they would ask candidates to do a full 3 statement, cash sweep corporate LBO model in 90 mins. Any guidance would be extremely helpful!
| +118 | Are we suckers? | 71 | 4s | |
| +69 | Rise48 - Posts Being Removed, Speaking Only Truths | 41 | 2s | |
| +41 | Lender Funded Interest Reserve - Trying to Make Sense | 16 | 1h | |
| +35 | Real Estate DCM or Credit Family Office | 4 | 6h | |
| +33 | How Granular are your Real Estate Models and Analyses? | 22 | 1d | |
| +32 | Help Me Understand Office Rationale Today… | 6 | 40m | |
| +31 | Multifamily Outlook | 16 | 20m | |
| +25 | Pivot from Tech PM to Real Estate Development? | 12 | 12h | |
| +22 | Long Term Comp Prospect of CRE | 7 | 2d | |
| +21 | Standing out as a new grad applying for analyst roles | 8 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Based on the most helpful WSO content, Carlyle's modeling test could indeed be a Real Estate Leveraged Buyout (RE LBO). However, you're right that given their focus on single asset, development-heavy deals, it might not be a full 3-statement, cash sweep corporate LBO model.
Here's a bit of guidance:
Brush up on your understanding of RE LBOs. This includes understanding how to model out the purchase of a property, the holding period, and the eventual sale.
Understand how to model out development projects. This includes understanding the timeline of a development project, the costs involved, and how these are financed.
Practice under time pressure. Carlyle's test is likely to be under 90 minutes, so make sure you can complete your model in this time.
Review your work. Make sure there are no errors in your model, and that it makes sense given the information provided.
Remember, the goal of these tests is not just to see if you can build a model, but also to see if you understand the underlying concepts and can make reasonable assumptions when information is not provided. Good luck!
Sources: Can anyone review my modeling test answers? - Super Modelers Wanted
Aperiam laudantium et odit sunt est aut id. Impedit nihil similique fugit ipsa nihil facere qui. Tenetur quae quae tempore sapiente necessitatibus asperiores sint. Saepe facere autem hic.
Repudiandae esse nemo vel culpa dolores possimus aut. Dolores quae est eum iste non aliquam tenetur ut. Fugit qui natus distinctio dolores ut tenetur.
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...