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Pomona Capital 2023 Thoughts?
Secondaries has obviously been creeping up in popularity, and Pomona seems to come up every now and again whenever I do research. Any insight on their current comp progression/culture/deal flow?
Lower Middle Market Private Equity is Paradise
You work at a generalist lower MM PE fund. Inbound books are down 40% YoY and your fund has yet to seriously chase a platform this year, which isn’t great for your long-term prospects or your resume. Finally, your non-finance BD person shoots over a book for a $5mm EBITDA subscription model...
Health problems during recruiting? Take a Hiatus? Help
Should I tell my recruiter I am considering taking a few week sabbatical to recover from a health condition before I continue recruiting? For context I just rolled of of my investment bank as they are not doing particularly well. The fact that I was sick with this same thing last year also likely...
How to deal with assets held for sale when calculating TEV in an LBO
Hi there, I have come across an LBO case study where there is approx. $1,000M of assets held for sale on the balance sheet and approx. ~$300M of liabilities associated with those assets held for sale. When calculating TEV at Entry, which would be a better approach and why: 1) Keeping the assets held...
Tech PE on the East Coast
Curious as to what the tech PE scene is like in NY/elsewhere on the East Coast. I know most top funds are in SF or elsewhere (TB in SF and MIA, Vista in Austin). Are there many top-performing tech-focused funds in NY? What about "generalist" or "multi-sector" funds that allow associates to...
Worth finishing the CFA? one level to go....
PE Associate (1 year into 2 year program), who did Levels 1 & 2 before breaking into PE. Worth taking Level 3 purely for the prestige of the designation? For context I don't have BB banking on my resume and don't plan to get an MBA due to cost. I know the syllabus content won't be useful but being 1...
Private Equity Analyst - Lateral Exit Timeline & Opportunities
Hi everyone, I am wondering what a realistic timeline is regarding an exit as a PE analyst who joined a fund straight out of uni. I am planning to stay within the PE industry. Do you typically stay 2 years or mostly a bit more or even less? What do you guys think? Background: I completed a master's...
Capital Markets to PE
How easy/hard is it to lateral from capital markets to PE? Assuming you work in capital markets at a BB or EB?
Recruiting for Tech vs. Generalist UMM/MF PE in NY
Just finished up my first year at an EB (MOE, CVP, PWP) and planning to do on-cycle 2025. I'm looking for tech UMM / MF buyout roles in NY. Ultimately, geography is more important to me than industry, i.e. I'd rather stay in NY and do a generalist role than move to SF for tech. With this in mind,...
What's the most reasonable career path I should consider PE/VC as a student with an a-typical background
I'm an electrical engineering undergraduate going into the final year from Ireland. My professional background is in software engineering. I taught myself how to code at like 10 years old (20 now) and have been working the past year in a seed stage start up backed by a pretty large VC firm...
Recommended AI Tools to Use
Is anyone leveraging ChatGPT like tools in the workflow? I have a couple friends who started doing that and they are pleased about the time savings. Keen to find out what tools you guys use that are more professional and appropriate for finance and advisory instead of classic ChatGPT
Keen for views on MBAs
I'd like to hear everyone's views of the value of an MBA, including people who aren't from the US. My personal view is that unless you're pivoting careers from a non finance background, I don't see much value in it. There are three major reasons for this. 1) You miss out on 2 years of relevant work...
Private Equity Comp & Carry
Hi Everyone, The European Market (except UK) is very intransparent on comp and Carry for PE professionals across all levels. I am working in PE in Germany and want to create a comp set here. Please Post Title + Cash Comp + Bonus + Carry Allocation. Let’s call the titles: Analyst + Year —> Second...
MSCP
Curious if anyone has any unique insight into Morgan Stanley Capital Partners, the firm's North American MM private equity direct investing arm (comp, culture, WLB, HH, etc.). They seem to be investing out of a ~$2B fund focused on industrials/manufacturing, consumer, healthcare, and services, but...
PLEASE HELP: Houlihan Lokey Financial Advisory And Valuation Group
Hello guys, I am in the process with HL for a Financial Analyst position in London in their Financial Advisory And Valuation Group - Portfolio Valuation Group. I really need Inside on the group to make up my mind especially about exit opportunities. I come from a target school and I have previous...
In need of an explanation
I am in undergrad and have been exploring different careers in finance. I came across a firm called Cliffwater and they recruited on my campus earlier this year. It looks like they operate in the private debt space. Could anybody explain what they do or how reputable the firm is?
Off Cycle 2024 UMM/MF Firms Still Hiring?
Hi All, Current 1st year analyst in a strong BB coverage group. Like many others, I wasn’t prepared for the on cycle 2024 process and didn’t manage to secure an offer. Coming up on 1 year on the desk, I’m frantically searching for UMM/MF 2024 opportunities as I don’t want to have to take a...
StoicLane Superday
I have a superday next week with StoicLane. Anyone know anything about these guys or have had an interview? Not much on their website, but based on what the recruiter told me they're a private equity firm in Miami and Chicago focusing on lower middle market rollups.
Canada PE On-Cycle
Incoming analyst in a top M&A group and was wondering what the PE recruiting process looks like in Canada. I have heard that it is much less structured than our US counterparts with only M&A groups / US BB's receiving most of the outreach from headhunters but I have a few questions about the...
Spoiled Banana Interview
I scheduled a zoom interview with a firm (7-10B AUM), the interview was supposed to be with four people, but only one analyst showed up. He said, "Hey, let's get started," and then off the bat started asking increasingly difficult technical questions, every time I finished, he'd look at me like I...
Nuveen Private Placement Interview
Hello, Does anyone know what the interview for a private placement analyst role is like at Nuveen? Thank you
Deal Origination Question
Hi guys, I recently graduated with my undergraduate (not a target school) in Finance last December. I'm currently working at a firm that does a lot of deal origination for PE firms. I'm a research analyst doing a lot of the repetitive work on making lists of companies for our Associates to call up....
P-E information internship
Hello everyoneI'm a student and I'm hesitating between doing a gap year or continuing in one go for the last year, and finishing once.I'd like to work in private equity, but I'm wondering if this will be possible as I've just graduated from a top 10 school in France , and I only have one experience...
How does carry actually work?
Can anyone at VP or Partner level in PE actually explain how it actually works from the perspective of the professional at the fund: when you first got carry, how many bps above what % hurdle, did you have to ask for it or negotiate, when does is start getting paid out, over how many years is it...
Real Estate Finance Career
Hi all, it's my first post on WallStreetOasis so I hope not to do or say something wrong. I am graduating this summer with a Bachelor's degree (on time) in Business Administration and Corporate Finance from a Tier 1 Europe University. I have almost 1 year of internship experience as an intern...
Value of Respect
Private equity is an experience, reps gained game. You have to get to the top before your opinion translates into decisions that actually matter and become actions. But that knowledge doesn't help much as you toil away to climb ranks and gain those reps. So, in the meantime: At what level did you...
Best Practices - Outlook & Deal Management
For those of you currently in PE, what best practices do you use to effectively manage your Outlook and stay on top of your deals (e.g., latest status, key transaction details, etc.)? Additionally, any tips on effectively keeping track of, prioritizing and executing outstanding tasks throughout your...
PE – How to Decide?
With on-cycle PE recruiting getting earlier every year, first year analysts will have only a few weeks of experience on the desk before coffee chats and interviews start. My understanding is that once on-cycle concludes, you'll have missed the boat for many top funds. So how do you make such an...
Realistically, do I have a non-zero chance at getting into private equity?
Sorry for such a clueless question. I'm a new grad from an Ivy League school (not HYP). I'm going into a non-banking, non-consulting job, so I'm aware my chances of getting into private equity is close to zero if not actually zero. I very recently found out about private equity and think that it is...
Mid-level (10 yrs exp) getting a MBA?
Hi all, wanted to get some advice here. I left my VP role at an investment shop last year… won’t get into details but apart from strategy and management, I was a little burnt out with health issues so took a career break. Have been looking around recently and interviewing with some shops...
PLS HELP: Infra PE vs. Private Credit
Hello, Toughts on which internships to take? Infra PE at a canadian pension fund or private credit at CVC ? What are the exit opportunities for both careers? Which one is better (comps, exit opps, etc...). Assuming I have leveraged finance internship and i take Infra PE , is this excluding me to...
Infrastructure Private Equity (CDPQ, PSP etc) VS. Private Credit (CVC...)
Hello, Toughts on which internships to take? Infra PE at a canadian pension fund or private credit at CVC? What are the exit opportunities for both careers? Which one is better (comps, exit opps, etc...). Assuming I have leveraged finance internship and i take Infra PE, is this excluding me to apply...
How to break into finance from Stanford
Essentially the title. I'm an incoming freshman looking to pursue a career in Investment Banking and Private Equity in New York City, and I've heard the opportunities for recruiting/placement here are quite poor in comparison to how well Stanford places in fields like tech and medicine. To overcome...
Golden Gate Capital compensation must be insane?
They're managing anywhere from $15-19B and they have 57 investment professionals/75 total employees. You're telling me they're generating upwards of $300MM annually on fees alone and dividing it among less than 100 people? Doesn't that work out to millions for each employee annually? Those partners...
Bridgepoint Internship
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PE INFRASTRUCTURE AT CANADIAN PENSION FUNDS (CDPQ)
Hello guys! Can someone please share their toughts on working in Infra PE at CDPQ (or similar) in Europe. Exit opps at analyst level (general PE)? Comp? etc..Why yes and why not. PLEASE
Distressed Buyside Internships
Hello everyone Can I ask you to share some buyside addresses (distressed PE / private credit) where I could potentially apply for an internship? (Officially or speculatively) I have the following background: - Undergraduate student from a target university - Restructuring internships at Big4,...
Private Equity Infrastructure - THE DISCUSSION
Hello guys, I hold an offer for PE Infra at a canadian pension fund for off-cycle internship. What are PE Infra exit opps from there? Are skills you develop there interesting for PE general? Toughts on the firm / position? not much on here...
Strategies for Achieving $1 Million Monthly in Finance
If you were back from the beginning of your career in Finance and had a goal of making $1 million a month at some point in your life, how would you approach it based on what you know today? I was thinking of the following options: 1. get equity in one or more PE deals or privately seek deals on your...
Launch therapeutics
Does anyone have information on launch therapeutics? I know it was launched by Carlyle/Abingworth and seems to be an operating company, but unclear division of responsibilities. From what I've seen they also make investments so not sure what division of labor is between them and Abingworth in terms...
Selling for a PE Fond
Good morning, as a future private equity intern, I was wondering if it is possible to do a part-time job as a salesperson for a PE fund while studying. I think one could not only earn good money but also gain valuable experience and knowledge. How do you guys see it and what is the best way to get...
PE Internship
Good evening Chimps, I am once again asking for your help. I was extremely lucky to have gotten an internship at a PE firm in Chicago that was essentially served to me on a silver platter. My dilemma is that I haven't even taken a finance class in college yet, and my resume is extremely thin for a...
Do PE and VC firms hire computer science majors?
Wouldn't they want people with technical backgrounds if most of their portcos are SaaS? Background: I'm an incoming software engineer at UBS. I majored in computer science to open doors in the business world (the 5 biggest US companies are tech). Interned at a startup. I don't love coding,...
Am I biting off more than I can chew?
Will probably have to delete this to maintain anonymity, but really need guidance from any WSO members that may have experience with situations similar to mine. I'm concerned that I may be heading for a pretty serious reality check. For context, my current role is somewhat of a cakewalk for me. I'm...
How much money to "feel rich" in a city that's not NYC/SF?
Given the recent, trending, and seemingly absurd conversation about how $1 - 1.5M seems to not be enough to feel rich in NYC, I was wondering what thoughts PE folks might have about other big but slightly less expensive cities (Chicago, Denver, Austin, DC, Boston). Realizing that of course child...
Which PE industries will rocket the most in the next 10 years (excluding the infamous Tech sector)
Love to get a solid answer to this q from anyone who has good insight into the PE world Which industries loved by PE firms will be the fastest growing ones for the next 10 years and why? Will there be differences between UK/ Europe and US and And does this growth translate into more recruiting...
PE or Corporate & Investment Banking SA???
I have conflicting offers for a SA role at a commercial bank in their corporate & investment banking division (HSBC/Lloyds) and a private equity firm (most recent fund size >£1bn). The duration of the PE firms' internship is half that of the commercial bank and the commercial bank internship is in...
Private Equity & Army Reserve
Can anyone speak to their experience juggling the ARMY reserve in Private Equity? I would really like to hear about your schedule when army & PE come into conflict. I am a freshman in a ROTC program right now and have to decide by early august whether I want to stay in it or not. I do not need the...
Can anyone guide me how to career my career in private equity field?
Hey all, I want to ask, how can i join private equity industry when I don't have experience in this.
Entry-level PE or MM bank with "bad" exits?
I have the opportunity to start at a MM bank within M&A. The problem is that the bank has "bad" PE exits, however, multiple people have managed to lateral in the past. Interestingly enough, I also have 2 FT offers from European MM PE (think Gimv/Rivean/Wendel). My long-term goal is to work in the...
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