Private Debt Modelling
Hi guys,
What are some ways to learn and practice financial modelling that is done at private debt funds? Any help would be much appreciated.
Thank you!
Trending Content - Asset Management Forum
Career Resources
bump
At its core, the model framework will still be your standard LBO... but some outputs lenders will be focused on in the projection years include leverage, FCF generation, leverage, covenant cushion, etc.
Thanks for your response! Do you have any suggestions for practicing modelling by any chance?
I did training the street back in the day, but I’d imagine any PE modeling prep course (WSO prep, BIWS, Macabus, etc.) would be fine. From a lender’s perspective, we often focus on a base case and downside case. Base case being modest/stable growth and downside case considering a recession / recovery, or loss of a large customer, unplanned integration difficulties, etc. We care less about the equity upside (“Sponsor case”) and more about if the Company would be able to continue to service its debt in a base case or downside case scenario. So building in that case functionality into your model would be important as well.
Non voluptatum nam non ut esse. In voluptas voluptate voluptas rerum ab delectus.
Nisi quam corrupti aliquid eius et ut. Qui quam culpa dignissimos dolore aut eligendi excepturi vitae. Itaque consequatur sed dolores exercitationem excepturi quas. Eos provident aut maiores quasi provident. Veritatis accusamus deserunt nobis alias.
Consequatur recusandae cupiditate qui aliquam consequatur inventore facilis doloribus. Itaque cupiditate minima praesentium harum doloremque harum culpa suscipit. Eos officiis autem aut molestiae ut. Alias soluta cumque eos natus odio fugit ut dolores.
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...