Secondaries Advisory Modelling Test
Hi Everyone,
I have a modelling test for a leading Elite Boutique for their secondaries team doing GP-leds for an Associate position.
Does anyone have any past cases / point me in the right direction?
pm me
Based on the most helpful WSO content, here are some tips and resources to prepare for a modeling test for a secondaries advisory role:
LBO Modeling: Many firms, including those in secondaries, expect candidates to be proficient in LBO modeling. Practice building full three-statement LBO models from scratch. Resources like Wall Street Prep or Macabacus plug-ins can help streamline your practice.
Case Studies: If you can, reach out to trusted analysts or colleagues for old case studies. These are often passed down and can provide excellent practice for PE modeling exams.
Investment Memo Preparation: Be ready to create a concise investment memo. This should include:
Sector-Specific Knowledge: For secondaries, especially GP-led deals, ensure you understand the nuances of these transactions. Familiarize yourself with the dynamics of fund restructurings, continuation vehicles, and the valuation of private equity portfolios.
Time Management: Many modeling tests are under timed conditions. Practice building models and preparing deliverables under similar constraints to simulate the pressure.
Resources: While specific secondaries cases might not be readily available, you can adapt general PE and LBO case studies to focus on fund-level dynamics. Additionally, consider reviewing old IMs (Information Memorandums) to understand how businesses and funds are described and valued.
If you're looking for more tailored resources, you might find insights in threads like: - https://www.wallstreetoasis.com/forum/consulting/qa-former-strategy-ass…</a">Q&A: Former Strategy& Associate - https://www.wallstreetoasis.com/forum/private-equity/my-path-mba-bankin…</a">My Path - MBA Banking Associate to PE
Good luck with your test!
Sources: My Path - MBA Banking Associate to PE, FT Partners - Elite Boutique?, My Path - MBA Banking Associate to PE, Q&A: Former Strategy& associate, How to prepare for summer ASSOCIATE internship
Have a few sec advisory case studies, d.m. me
still open for a dm? Got a case for a PCA boutique (Campbell / Asante / Rede / Park Hill)
+1
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