The Wall Street Oasis Private Equity Hall of Fame provides a comprehensive collection of some of WSO's best discussions on the private equity industry. Keep in mind this Hall of Fame does not include Q&A sessions by WSO veterans. To view a full list of Q&A’s & Interviews please nav...
|0||10 months 5 days ago|
Hey guys, Curious to know if anyone knows about the group and what the role entails at the Associate level. Any color on interviews would be helpful too. Thanks in advance! ...
|2||1 hour 51 min ago|
Hi, I want to apply for an VC-internship this summer. Till then I will do the BIWS Fundamentals Course to gain some technical knowledge in modeling. Besides that, can anyone recommend ressources to gain knowledge in VC? Is there any 'must read bilbe' of VC that you guys can recommend? Greetings ...
|6||11 hours 44 min ago|
Evening all, While a majority of the posts here at WSO are concerned with the struggle of breaking into banking/private equity, lately I've been dealing with a closely related but different topic of "should I quit my job?". Be warned that this entire post mainly serves as an outlet for my frustratio...
|3||14 hours 3 min ago|
I've been thinking about this a lot lately and thought it is time I get opinions from people outside my inner circle of family and friends. I'm an Economics student at a top university in London and will be interning in IBD at HSBC this summer (2017). Although I had initially planned to be at a bulg...
|1||18 hours 27 min ago|
Edit: Wow, did not expect this thread to get so popular. Apologies if you PM'd me and I have not responded - there are dozens of messages I would respond to if I wasn't getting crushed on a deal. My firm must monitor my WSO activity and figured I needed more work to do... Two quick updates: Many of ...
|130||20 hours 31 min ago|
Hey Guys, I have an interview with a private credit fund this week. I am currently in associate at a boutique IB and am interested in learning more about the day-to-day of a private credit analyst. I am trying to leave IB primarily to get away from the spontaneous hours and working weekends. I do no...
|14||1 day 4 hours ago|
Does anyone have any general advice they could provide for Growth Equity Interviews? Am starting the interview process and was invited to interview with a firm called Lead Edge Capital. Can anyone provide any insights on the firm and what their process is like? ...
|0||1 day 5 hours ago|
So I just got notified that I've been invited to interview at a top tier growth equity firm, and the opportunity just sounds absolutely amazing so I'm desperate to land the position. If someone currently at a growth equity fund wouldn't mind elaborating on the interview process, I'd be forever grate...
|58||1 day 5 hours ago|
Just a list I've compiled of some private equity firms (of varying sizes) in Boston, for those who may be interested. Feel free to add similar firms below if I've missed any! Summit PartnersBerkshire PartnersHarbourVest PartnersTA Associates Exaltare Capital PartnersCapital Resource Partners New For...
|9||1 day 6 hours ago|
Hi, This question is more focused towards the real estate area, but also for the firms as a whole. If you are starting out after a master in finance in London, would you prefer to start in Morgan Stanley, Ares management, Tristan Capital? What key factors would you consider when choosing one? Thanks...
|15||1 day 7 hours ago|
Hi guys, I have an interview with a tier 1 PE firm coming up and hope to get some advice over here. I come from a background in equity research, what would be the best way to position myself and explain my interest in private equity? Thanks! ...
|1||2 days 6 hours ago|
Title. I have an upcoming phone interview with Lead Edge Capital, a growth equity fund with $1B AUM that invests in Saas companies, unicorns, and tech giants. It appears to be a small fund, and I assume they don't take very many interns. Looking for any advice in regards to what they're looking for,...
Cosimo de' Medici
|2||2 days 12 hours ago|
Do they even do this for Private Equity Division? UG Class of 08 @ an Ivy here, with not so good gpa (3.6), but 2 previous internships. One at very good PE / alternative firm (they took 1/119 apps, will only hire full-time after 2+yrs BB experience though ), And the other in consulting. From a Non-C...
|15||2 days 14 hours ago|
I just signed an offer with a MM shop for a 2-year associate role (currently first year in IB). As I've been reading more about how competitive post-MBA private equity roles are, I'm wondering if it's typical to receive a return offer to come back after your MBA program? For the few MM firms (includ...
|3||2 days 16 hours ago|
How is the process of lateralling within private equity any different from the traditional IB -> PE path? A little background on myself. I am an Pre-MBA analyst at an industry specific PE firm that is well known among those who dabble in the industry. However, the firm is less known to those outs...
|6||2 days 19 hours ago|
Hey guys, Does anyone have any insight into Goldman's PEG group in terms of culture/pay/exit ops? I know they are fund of funds but any other insight? Thank you! ...
|1||3 days 2 hours ago|
Hi guys, I'm currently pursuing MBA and interested in PE. I understand that it's not that easy, especially that I'm looking for Europe (am European). Thinking to go to Bain PE group. Is it real to get right after MBA or should I go to usual consulting intake and then switch to the right group? Hones...
|1||3 days 6 hours ago|
I'm a VP in MM PE, ask me anything. Interview prep questions, industry questions, etc. etc. ...
|147||3 days 10 hours ago|
I was lucky enough to be given FT offers at both of these firms. I'm currently a senior and trying to decide which is the better option to pursue. The role at Carlyle is with their RE PE team. The role at Partners Group is a 3-year analyst program through PE, RE PE, and Infra. PE. What is the reputa...
|9||4 days 3 hours ago|
Hi everyone, I'm a lawyer but I have been a lurker on WSO for a while now. Thought I would run this question by you guys. I have a client who is a very experienced engineer and energy developer who has laid the groundwork for an interesting and unique powerplant turnaround project. The site is secur...
|0||4 days 7 hours ago|
Assume that one has the chance to either start at a BB (possibly MS/Goldman) or at a Midcap/small PE fund (Ardian, Aurelius, one equity partners) after their UNDERGRAD studies, which would be best in regards to raise their chances for Bschool and to transition from europe to the us? ...
|2||4 days 8 hours ago|
Hi everyone! Would appreciate some help with sources and uses. Bidding for a company at EV 8.9x times EBITDA. EBITDA - $8 million. Want to provide $13 million equity, out of which - $8m - for loan repayment, and $5m - goes into company for future CAPEX. $32 loan remains in the company. Does the belo...
|4||4 days 13 hours ago|
Can they act like private equity firms since they actually own assets and companies themselves? Think Berkshire Hathaway with the whole 3G capital thing. Hopefully I dont sound dumb asking this but really wanted to know the similarities. Thanks! ...
|1||4 days 14 hours ago|
Hey guys, so I have an interview coming up with Bain Capital Credit (formerly known as Sankaty Advisors) in Boston. Would anyone be able to shed some light on their investment model? From what I found (on their website) they invest in "senior secured, floating-rate debt through long-only, open-ended...
|2||4 days 20 hours ago|
Hey guys, I'd like to pick your brain for my mid-term plan... I joined mid-cap PE right out of undergraduate in one of Asian countires and curretnly thinking to apply for MBA next year for relocation to NY or HK. So, if I get accepted, I will go to MBA with 3.5 year experience in PE (Jan '16 ~ Jun '...
|4||5 days 55 min ago|
If someone got an offer from a solid REPE fund but isn't really interested in real estate at all, would that offer be something that could be leveraged with HHs / corporate PE funds? Or is it too unrelated? All this assuming background is a top BB / EB ...
Parked on Park
|2||5 days 2 hours ago|
Starting a thread for mid-career finance professionals. Where did you guys go after banking? I ended up in PE myself, but man, it's hard. Seems WSO is all about the younglings but I wanted to hear what you fellow mid-career guys are experiencing. It's quite amusing to see the many young WSOers wa...
|58||5 days 3 hours ago|
I could not find much information on this site regarding lifestyle/career progression/compensation of folks working in the venture debt space. However, my concern is that venture debt funds are essentially no different than other tech lenders such as SVB/Square One. Looking at lending opportunities ...
|4||5 days 6 hours ago|
Powder-keg topic here but 100% genuine question. For any post-MBA PE associates / VPs, etc.... based on your experiences and network, what is the actual difference in post-MBA private equity recruiting between a school like HBS / GSB and Wharton? Assume for the purposes here, Ivy undergrad + top-tie...
|10||5 days 14 hours ago|
I heard that private equity firms rarely hire interns and especially not junior Ugrad interns. So anyways, I received an offer from Valstone Partners which is a private equity firm with a bunch of Ross MBAs and alums. They seem like a very small lean firm. I am now worrying if perhaps the internship...
|12||6 days 4 hours ago|
I know pe is every banker's dream but what happens if one gets bored/burnt out/fed up with pe too? What would be a logical next step preferrably with humane work/life balance? ...
|8||6 days 6 hours ago|
What kind of reputation do these guys have on the street (culture, pay, work hours, etc)? ---------/ ...
|1||6 days 7 hours ago|
I started digging into 3G with the news of Kraft Hinez proposing a Unilever takeover, and I was wondering if anyone had any insight into the nature of their capital - namely media reports always portray 3G as a PE firm, but compared to a traditional PE firm - say Bain, their strategy seems to be muc...
|3||6 days 14 hours ago|
I recently met someone from Peru over drinks and we spent some time discussing both my job (oldschool large cap LBOs in Europe) and more growth equity / seed funding type of investments in South America. He ended up giving a speech over a friend of his that does "Post-Conflict Private Equity", which...
|1||6 days 14 hours ago|
Have an interview (phone) with a private equity search fund for an internship opportunity. What can I expect from the interview. I am assuming I wont need to know technicals like modelling and valuation. Any insights or thoughts? ...
|4||1 week 6 hours ago|
Hi, I am currently working at a MM bank (balance sheet driven like Macquarie/Mizuho) and was recently contacted about a immediate-hire position at Harvard's endowment fund (Harvard Management Company). I know that the position is mostly fund of funds investing, and I am more interested in moving tow...
|4||1 week 8 hours ago|
I'm a pretty young guy in RE Asset Management at a middle market PE firm. Just wondering if the background will help me much if I get passable knowledge of VC, energy, etc.? Also curious just in general. Thanks. ...
|0||1 week 1 day ago|
How much would a post MBA Hire make at PE firm? It really doesn't matter if it's called senior associate or VP basically the job you get post MBA. I am specifically referring to firms whose last funds are 4-5bn+ I.e they may manage 8-10bn+ In total AUM. These would encompass what people on this site...
|8||1 week 1 day ago|
Hello, I'm having a little difficulty with a case I'm working on for a PE firm and could use someone's second opinion as a sense check.. PM me if you're free. Thanks so much in advance ...
|1||1 week 1 day ago|
I am responsible for loan covenants monitoring and compliance for a portfolio company. There are several loans and yet another is coming. Loans are complex and number of various covenants is huge. Covenants are of all types: - To do something by X date - To do something every X months or every Xth d...
|4||1 week 1 day ago|
Does anyone have this on PDF? Would really appreciate it. PM me or post on the thread.https://www.amazon.com/LSTAs-Complete-Credit-Agree... Thanks again ...
|4||1 week 2 days ago|
Any comments would be great. Thanks ...
|5||1 week 2 days ago|
I got an offer at a Big 4 for audit, tax, and advisory for a paid internship for 6 weeks, over summer. I also got an offer at a Search Fund/PE for a 3 month unpaid internship with DCF, modelling, etc,. over summer. I am also getting a chance to do a part-time Search Fund internship 10 hours a week w...
|0||1 week 2 days ago|
Many of you will find this amusing, but I recently got into brokerage but I'm trying to understand what "type" brokerage it is. Given it's a small company, I don't want to ask questions that may undermine myself in the firm. So far, I know we're a brokerage that helps funds invest their capital into...
|4||1 week 3 days ago|
Hey, quick question here. When you are looking for new ideas and are trying to find potential acquisition targets, what tools do you use to find private companies? Do you use CapIQ, or something else? Or primarily rely on bankers, etc bringing in pitches? ...
|1||1 week 3 days ago|
Some of those on this forum may recall my "how I got to the buyside" post, but for those who haven't, I am an associate at a private equity firm focused on a very niche industry. While life at my firm has been great, I have been dabbling in the startup world by cofounding an early stage startup whil...
|12||1 week 3 days ago|
Saw that M&A is up 11% this year with that being driven by private equity. Is the prospect of a tax overhaul, and the potential implication of a federal consumption tax driving this trend? ...
|4||1 week 3 days ago|
Hi all, I'm an undergrad who will be interning at Bain this summer, but am being pushed by a friend I developed during the recruiting process at McKinsey to reapply to McKinsey in the fall. With that in mind, I have two questions: 1) Which firm, Bain or McKinsey, places better into PE? Searching thr...
|17||1 week 3 days ago|
Hello, was wondering here knows much or has experience with Hudson Advisors LLC, the Asset Management subsidiary of Lone Star Funds. What are the exit opportunities coming out of Hudson Advisors? ...
|0||1 week 3 days ago|
In the spirit of thanksgiving, I have decided to host a thread where you can ask all you ever wanted about banking or PE. Please feel free to ask away. ...
|254||1 week 3 days ago|
I'm just beginning the recruiting process at a number of PE shops and wanted to ask if anyone is willing to share some modeling tests/case studies? I want to brush up on my skills. Happy to share what I have as well. ...
|38||1 week 3 days ago|
I am interested in working for a private/Mezz debt fund. I have decent experience (one year in ABL syndications, have been doing corporate banking underwriting for almost two years), but have not had any headhunters reach out to me specifically. LinkedIn and Indeed have scarce postings. Would it loo...
|1||1 week 3 days ago|
Hey guys, My team is looking at alternatives to CapIQ. Did a demo with Pitchbook (www.pitchbook.com) recently. Was wondering if anyone uses it and has an opinion? I do tons of public company comps for all our portfolio companies which is amazing with CapIQ and the excel plug-in. I also do a lot of p...
|10||1 week 4 days ago|
The webinar for this case is TODAY, July 6th, at 5:00pm EDT. If you miss it, it will be replayed for free on the homepage on August 6th Even though recruiting season is not necessarily around the corner, I thought I'd share the below with the community. If anyone has a case study/modelling test comi...
|50||1 week 4 days ago|
Thoughts on a Valuations Analyst role at a top PE fund in their finance division? For context I'd be coming from a finance group at a large IB. Ideally I'd love to get into front office banking/private equity. Do you think the Valuations role is better than waiting and trying to make the extremely d...
|2||1 week 4 days ago|
Hi All - I'm ~5 or so years out of college. I did not do a formal 2 years of investment banking and was instead hired out of undergrad as an analyst at a fund. I've worked at several firms in several major US cities. I've worked at one smaller regional firm with $500M - $1B AUM and have since worked...
|48||1 week 4 days ago|
Would anyone be able to provide more information on the process for portfolio company exits? I know this depends on the fund's exit strategy and would ideally be determined pre-acquisition as part of the investment thesis, but would there be an exit recommendation for the Investment Committee to con...
|2||1 week 5 days ago|
Hi, I am about to do a case study interview for a PE FoF's for a junior analyst position. I've been told that I do not need to prepare anything and will be given an hour to read the materials and prepare before presenting my views followed by a 30 mins Q&A session. I have one year's IB experienc...
|10||1 week 6 days ago|
Invited to interview for their summer internship as an Investment Analyst. I've generally thought Northwestern Mutual does financial planning/life insurance, etc (which I'm definitely not interested in) but the investment arm seems to deal with private equity and debt financing. Here's their company...
|12||1 week 6 days ago|
Out of curiosity, what should be the typical turn around time after replying to recruiter emails to first round interviews? ...
|1||1 week 6 days ago|
In a previous thread, there was a lot of speculation around PE being the next high finance sector to follow the growing trend of squeezed margins and lower frequency of transactions. An FT article from February 2017 mentioned how analysis from Bain showed that buyout groups' share of deals has falle...
|11||1 week 6 days ago|
For shops that require you to get an MBA after your 2-year associate contract, is it the norm for them to offer to pay or subsidize your MBA granted you return afterwards, or is this rare or done on a case-by-case basis? I'm curious because I've signed to a MM fund with a 2-year program and have se...
|3||2 weeks 1 hour ago|
Anyone taken the GoBuyside aptitude test? What's been your experience with it? ...
|27||2 weeks 7 hours ago|
Hi guys, I have a group project coming up which consists of analyzing a company in term of financials, marketing and strategy. Obviously this will be very broad and basic. A friend who is in the group know the partner of a local PE boutique, and we are going to do this project on one of their invest...
|0||2 weeks 8 hours ago|
Has anyone interviewed at Tennenbaum Capital recently? Would be curious to know anyone's experience interviewing for an associate position here? ...
|1||2 weeks 9 hours ago|
I work in the lower middle market space (commercial and industrials) where companies typically trade for 6-7x LTM EBITDA. These deals are typically financed with 3-4 turns of senior debt, a turn of mezz, and the rest funded via equity. How are LBOs of tech or public companies that trade over 30x LTM...
|17||2 weeks 1 day ago|
Hello all, I know there has been much talk about various criteria that makes companies good LBO candidates. But I was wondering if there are any more specific financial ratios beyond margins, growth, FCF generation, debt profile that one could look at to understand a private company better in terms ...
|0||2 weeks 1 day ago|
Hey guys, I'm starting FT at a boutique PE shop at the end of July. The firm is really new so I'll be the only analyst in the office. Needless to say, there is no formal training program so the partners have asked me to find a self-study financial modeling course. I have listed the three courses I'v...
|23||2 weeks 2 days ago|
Question to those who went through off-cycle recruiting for PE: What is the customary process for firm communication after the Final Round? I ask since I did a final round a few weeks ago and the firm has gone radio silent since then. I followed twice through email and phone call but have yet to hea...
|15||2 weeks 2 days ago|
Hi Monkeys, I wanted to ask if anyone is aware of how best to reach out to HNW, FOs and other investors interested in co-investment opportunities with a private equity firm; specifically, a PE firm that invests in minority interests of hedge fund GPs. Any insight would be appreciated. Thanks, DJBank...
|6||2 weeks 2 days ago|
Hi guys, I am looking for some insights on Investindustrial and Partnersgroup, they are two private equity firms both with an office in Switzerland. Does anybody have any information? Thanks for the help. ...
|2||2 weeks 2 days ago|
Hey guys, currently going through PE recruiting. Have some final rounds / case studies coming up. Was hoping to see if anyone has any good investment memo templates or examples? Additionally, if any of you have any pointers on some good generic risks of investments and mitigants that would be helpfu...
|0||2 weeks 2 days ago|
Hey, I'm in my last semester of my undergraduate Finance program at a good business within the state of Illinois (Northern Illinois University), but no where near a target school. My end career goal is to work at or create a private equity firm. I was wondering what are the different ways to break i...
|6||2 weeks 2 days ago|
Anyone know where I can pull a list like this? Thanks. ...
|5||2 weeks 2 days ago|
Any details on this firm in terms of interview process and firm culture/expectations? Your insights will be highly appreciated! ...
|5||2 weeks 2 days ago|
Does anyonw know much about Michael Dell's fund, MSD Capital? Anything will be useful (e.g., notable deals, culture, lifestyle, comp, etc.). ...
|7||2 weeks 2 days ago|
Does anyone have experience applying for private equity firms on a TN Visa? I am thinking about management consulting on TN Visa, but unsure how that would impact recruiting for private equity firms or other exits in the future. ...
|1||2 weeks 3 days ago|
I am posting this in the PE forum as this may be more relevant here. Hey WSO'ers. I need help with an upcoming case study. I have the prompt and will share just a portion in this post. I am trying to understand what exactly they are asking for. I have reached out to company, but HR is handling and i...
|1||2 weeks 3 days ago|
So I was in business class on an transatlantic flight the other day and ended up sitting next to a F50 executive. He was surprisingly friendly and started up a conversation with me (we were both boozing pretty hard, as one tends to do in business class). It was a fascinating conversation - this guy ...
|15||2 weeks 3 days ago|
I am a 2nd year analyst with a mid tier EB based in Chicago and looking to break into private equity. I haven't had much luck with HH or the PE recruitment cycle as I seldom get called back after submitting my interest. My MD said he is willing to help and he has a strong network that spans all the...
|4||2 weeks 4 days ago|
Thoughts? Doable? 5 years in working with Corporate pension clients. Hold a CFA but no MBA. No I-bank experience. Name brand FI manager. ...
|4||2 weeks 4 days ago|
Hey guys, so I'm looking at making a career change after about 6 years as a semiconductor engineer. Recently got a masters in finance from Harvard extension - ive been told repeatedly that PE will definitely not work for me as it is hard to even get into PE directly with awesome grades and an IVY le...
|5||2 weeks 4 days ago|
Hey guys, I'll be heading off to one of the tier-2 BB tech groups (think CS/BAML/Citi) for this summer's internship, and was wondering what the placements typically look like for these banks. My interest in the tech industry is the reason I am going to SF in the first place so I'm really aiming for ...
|7||2 weeks 4 days ago|
Can anyone share any insights or thought about this PE firm?http://www.pcalp.com/ ...
|6||2 weeks 5 days ago|
Name some funds outside the KKR/BX/Apollo megafunds that you would love to work at. Shops with impressive management teams and foreseeable future growth ...
|67||2 weeks 5 days ago|
Had a model test today that had something that I haven't seen before. Was a 3 statement model and on the opening BS, there was a decent amount of debt and cash. The prompt said to assume this to be a cash free debt free transaction (seller takes all cash and repays debt before the deal closes). So I...
Parked on Park
|7||2 weeks 6 days ago|
I recently signed a summer 2018 PE offer with an industry-focused middle market shop. Very happy with the offer itself as I loved the team and specifically wanted to be investing in this sector. What I'm less happy about is the experience I've been having at my bank (product group, middle market NYC...
|4||2 weeks 6 days ago|
Hey guys, Just signed up, but am a long time reader, and want to say what a great site this is once you filter through the rubbish (never has "diamond in the rough" been more apt). Was wondering whether anyone had purchased the Ask Ivy guides, they seem pretty expensive given what they are / lack o...
|11||2 weeks 6 days ago|
Wanted to see if anyone had any information about this group. Culture, Interview process, career progression, lifestyle, comp, etc... I'm a first year analyst at a BB lev fin group. All posts appreciated! ...
|5||2 weeks 6 days ago|
Does anyone experience in the fundraising and placement side of Private Equity? How does the work differ from the usual Private Equity? What are the exit ops, is there good opportunities to move into Private Equity? ...
|0||3 weeks 7 hours ago|
This post aims to collect some empirical evidence regarding how lawyers (probably from biglaw) make the switch to PE. If you have an ex lawyer at your fund, what was his/her path? Also, if willing, what is the AUM/strategy of the fund? Suggested structure and example: 1) Undergrad 2)????? 3) Law Sc...
|25||3 weeks 7 hours ago|
I'm a bulge bracket coverage analyst starting a middle market PE job this summer. We're supposed to be fully functioning upon start - and I've definitely prepared - though I figure that any new job will cause some growing pains. Would anyone be willing to share advice on how best to "hit the ground ...
|2||3 weeks 8 hours ago|
Hi guys, I'm in my internship, already for 4 months. But no deals are happening, and I have 3 to 5 more months to go. I'm not sure if I will bring any new deal to be closed during this time, so I'm thinking is there any value for my resume that I am in that company? Im thinking won't be better to le...
|0||3 weeks 17 hours ago|
Realize they're two very different funds with different strategies, cultures etc. but I'd really appreciate any thoughts people have on either. Thanks alot ...
|3||3 weeks 21 hours ago|
Hey everyone, any info on Sun Capital? I'm especially curious about their NYC and LA offices, as they are beginning the recruiting process for Boca, NYC and LA. I'm not really interested in Florida, so I wanted to see how their NYC and LA offices stack up, if you think you'd get the same experience,...
|1||3 weeks 1 day ago|
Delete DeleteDeleteDeleteDeleteDeleteDeleteDeleteDeleteDeleteDeleteDeleteDeleteDeleteDeleteDeleteDelete ...
Look what the monkey threw in
|1||3 weeks 1 day ago|
Anyone have insights on the firm / NY office or on their MM fund? Have a final round tomorrow and would appreciate any tips or thoughts ...
Parked on Park
|2||3 weeks 1 day ago|
Hi all, I am looking for some advice and experiences of people who have gone into different forms of private debt. My situation is as follows. I am a first year analyst working in FIG corporate banking in a BB where IB and corporate banking are one division. I have been getting good exposure on deal...
|0||3 weeks 1 day ago|
Hi all, I recently started interning at a PE firm as a business development associate. I will be trying to bring in greater deal flow by contacting investment bankers, brokers, and corporations. I was curious to see if anyone had any tips or advice on how best to go about sourcing deals? Any tips or...
|3||3 weeks 2 days ago|