Good morning to all, I am open to give back to the community by answering (most of) questions about PE. About myself, ending my second year as an investment analyst at a MM Spanish PE. Prior to this I was an off-cycle analyst while finishing my master's degree in industrial engineering. Did some internships in industrial companies and consulting.

Hi there! I answer below: 1) comps are gross/pre-tax 2) For spanish mid-market PE, including bonus and without considering carry: analyst level 40-65k€ / associate level 65-90k€ / senior associate 90k€-120k€ / ID >120k€ 3) PE industry is always looking for talent, specially coming from top IB shops. Not best timing as many PE funds are currently in fundraising and fundraising is being quite hard due to macro environment + stock market valuations (to understand this better look for "denominator effect in fundraising").

Hi jjmnj! Totally correct, usually Spanish PE fund have an investment area that covers iberia (Spain + Portugal). However, apart from Sherpa I think that most of MM PE only do 1 investment (2 max) per fund. Most of your coverage/origination will be within Spanish companies and for that it will be helpfull to improve your Spanish. Compensation should be similar, maybe a little bit higher. This depends if your firm gives you share of the carry or not. At the end: A + B + C = aprox the same in all firms.

The friends I know working at some of the BBs in Madrid have a 65k EUR base as A1, not 55k... For MM PE in Madrid if you come from a MM IB Boutique you will compete against Big4 peers, the deal exposure is not that important as the brand name when it comes to getting opportunities in such a small and competitive world (You will also find MBB consultants trying to make their way in, so there´s a huge competition for decent funds, making the branding a very important thing.

Answering questions PE in Spain

jjmnj

Most Helpful

Hey, thanks for doing this!

I’m currently working as a PE analyst ( hopefully soon to be associate) in Portugal, and would eventually like to move to Spain.

I’ve been following quite some funds in Spain (portobello, sherpa, etc), and night have some questions:

1) I know that many of these funds operate in all Iberia. Would you think a Portuguese speaker could break into PE in Spain? My Spanish knowledge is intermediate, meaning I can fully understand but I have a rather basic level when it comes to maintaining a conversation.

2) How’s compensation like? As a first year associate in Portugal I can expect to make around 75-85k all in. Are salaries in Spain for MM in line with these?

Thank you once again for your help!

Quote

Report

Other

Authored by: Certified Private Equity Professional - 3rd+ Year AnalystCertified Private Equity Pro

+90	Sr Asso / VP Unemployment Check-in	PE	56	5m
+30	What did you do after signing?	PE	10	1d
+26	VP Level - when to follow up after final round	PE	10	4d
+24	Resume Gap after 2.5 Years in PE	PE	5	1d
+22	PE Recruiting From IB- Play It Safe Or Reach For Best Fund Possible?	PE	9	53s
+21	Public company LBO	PE	7	1d
+20	Vista Lateral Associate	PE	12	2d
+18	VP HF Lateral to PE	PE	1	1d
+16	IB/PE Lifers, Was It Worth It?	PE	5	3d
+15	Anyone here work at 777?	PE	15	2d

1	redever	99.2
2	Betsy Massar	99.0
3	Secyh62	99.0
4	BankonBanking	99.0
5	GameTheory	98.9
6	CompBanker	98.9
7	kanon	98.9
8	dosk17	98.9
9	Jamoldo	98.8
10	numi	98.8

Answering questions PE in Spain

Trending Content