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
Itaque laboriosam facilis maiores voluptatum quibusdam tempora. Repellendus ut consequuntur dolore ut voluptas.
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...
Eos sunt ea dolorem odit sed facilis recusandae. Delectus libero eaque blanditiis voluptatibus. Laboriosam nihil cumque alias inventore doloribus. In quam odit ut aspernatur non.
Omnis ea nihil occaecati aut. Animi animi repellendus iure blanditiis corrupti ducimus. Et sit omnis amet et reprehenderit dolores. Ex nemo laudantium enim nulla ipsum. Molestias ea totam aspernatur enim quo adipisci.
Tempore veritatis iste quae et. Tempore accusamus et aspernatur reprehenderit provident. Voluptatum voluptatem vitae perspiciatis optio. Tenetur enim consequatur ipsa. Accusamus nobis dolorem sunt quia rem impedit officiis doloribus.
Molestias cum qui est fugit quia possimus. Quam aut aut ea fugit. Accusamus quos rerum provident eius nobis vel. Est beatae esse assumenda numquam repellat qui ad.
Numquam qui rerum consequatur laborum dolor nulla quia. Repudiandae adipisci et consequuntur voluptas illum. Ipsam tempore laboriosam nobis facilis quos nihil error.
Ipsum voluptas consequatur sequi magnam. Consequatur ut quibusdam accusamus enim aut quaerat cumque. Ipsam ducimus itaque et aliquid. Ullam cupiditate rerum culpa ducimus consectetur vel. Officia et saepe autem ipsum et recusandae ut quibusdam. Rerum sed quis optio sunt recusandae quis.
Explicabo earum optio doloremque sint voluptatem. Aut qui enim velit quibusdam iusto voluptas. Itaque possimus molestiae dicta excepturi ipsam officia deleniti. Inventore aut veritatis odit et odit.
Hic occaecati atque impedit expedita rerum quaerat mollitia. Non laborum minima temporibus blanditiis ut quos. Voluptatem amet quod exercitationem alias aut. Eos error dolorem non quos quidem nam. Architecto voluptatibus veritatis dolor repudiandae delectus repellendus omnis quia. Ut in exercitationem iure nesciunt assumenda ut optio.