Ah, the thrill of an upcoming interview! Based on the most helpful WSO content, here's a little roadmap for you:
Soft interview prep: Start by reflecting on your experiences and goals. This will help you present yourself effectively and focus your preparation. Practice talking about your background, your story, and why you're interested in PCA.
Technical interview prep: While it's important, don't spend all your time memorizing technical details. Instead, familiarize yourself with the basic setup of PCA and be ready to discuss it intelligently.
Thinking like an investor: Prepare some investment pitches and think about good PCA targets. This will show that you can think strategically and understand the industry.
Networking: Don't underestimate the power of a good network. Reach out to people in the industry, ask for advice, and make connections.
Remember, the goal is not just to show that you know your stuff, but also that you're a good fit for the role and the company. So, let your personality shine through, and don't forget to ask your own questions to show your interest in the role. Good luck!
Can speak mainly to LP-led but main things to know beyond like “what are secondaries” or “why is PCA interesting” are:
1) Why LPs sell their assets (liquidity, lack of exits, redirecting to preferred GPs, overallocation & denominator effect, etc.)
2) What factors affect % NAV pricing (sector, asset class, vintage/how old they are, GP reputation, % unfunded, recent exit history, etc.)
3) How do those factors generally affect pricing (LBO >= Infra > Credit > VC secondaries, Younger > older vintages, experienced GP > new GP, more funded > less fundrd) and why
4) What makes secondaries an appealing asset class for buyers (J-curve mitigation, faster returns, lower risk since no blind pool, more consistent returns, etc.)
5) Basic secondaries mechanisms (European vs American waterfalls, etc.)
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Ducimus maxime pariatur ea distinctio nobis debitis vitae. Incidunt rerum explicabo enim mollitia praesentium pariatur rerum. Quos occaecati provident harum nisi et magni voluptatem. Placeat velit commodi asperiores fugit. Laudantium libero ex quia repellat cumque.
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Ah, the thrill of an upcoming interview! Based on the most helpful WSO content, here's a little roadmap for you:
Soft interview prep: Start by reflecting on your experiences and goals. This will help you present yourself effectively and focus your preparation. Practice talking about your background, your story, and why you're interested in PCA.
Technical interview prep: While it's important, don't spend all your time memorizing technical details. Instead, familiarize yourself with the basic setup of PCA and be ready to discuss it intelligently.
Thinking like an investor: Prepare some investment pitches and think about good PCA targets. This will show that you can think strategically and understand the industry.
Networking: Don't underestimate the power of a good network. Reach out to people in the industry, ask for advice, and make connections.
Remember, the goal is not just to show that you know your stuff, but also that you're a good fit for the role and the company. So, let your personality shine through, and don't forget to ask your own questions to show your interest in the role. Good luck!
Sources: https://www.wallstreetoasis.com/forum/private-equity/on-cycle-recruiting-2018-what-to-expect?customgpt=1, How exactly should I prep for on-cycle?
bump
Waterfall modeling
Can speak mainly to LP-led but main things to know beyond like “what are secondaries” or “why is PCA interesting” are: 1) Why LPs sell their assets (liquidity, lack of exits, redirecting to preferred GPs, overallocation & denominator effect, etc.) 2) What factors affect % NAV pricing (sector, asset class, vintage/how old they are, GP reputation, % unfunded, recent exit history, etc.) 3) How do those factors generally affect pricing (LBO >= Infra > Credit > VC secondaries, Younger > older vintages, experienced GP > new GP, more funded > less fundrd) and why 4) What makes secondaries an appealing asset class for buyers (J-curve mitigation, faster returns, lower risk since no blind pool, more consistent returns, etc.) 5) Basic secondaries mechanisms (European vs American waterfalls, etc.)
Atque voluptates sed quis. Ratione reiciendis eos aut. Sint error id vel. Nisi numquam sit minima quidem ut dolores. Error quis nobis porro recusandae voluptate quisquam saepe. Voluptas tenetur unde quis et quae.
Ducimus maxime pariatur ea distinctio nobis debitis vitae. Incidunt rerum explicabo enim mollitia praesentium pariatur rerum. Quos occaecati provident harum nisi et magni voluptatem. Placeat velit commodi asperiores fugit. Laudantium libero ex quia repellat cumque.
Ad ducimus nesciunt doloremque. Sapiente odit sunt autem. Dolor aspernatur et modi autem eum reprehenderit. Ad quod adipisci dolorum ut iusto totam sit repellendus.
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