Wondering how it is possible to be on multiple live deals at once...
So much work going through a VDR, reviewing, and laying out analyses for a single deal let alone multiple deals past LOI
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Work at a MF and never two platforms at once. Usually it’s a platform and add-on. No way you could do quality work on two live processes for platform investments.
Are add-ons not as intensive?
I find that I am doing the same amount of work if not more to see if it fits with our platform.
Depends on a few things. How many Associates are on the deal team and how competent is the management team? At the end of a day, a deal is a deal and closing something is intensive.
I am an intern on two live deals and a pitch. And I don’t even have to keep track of every little thing going on. Obviously I try but can’t imagine how the analysts I’m working with keep track of everything
Yeah you can't really do it for platforms unless it's (1) growth investments, or (2) bigger deal teams (read: double staffed associates). Not that it doesn't happen (have been victim), but it's just not a good idea from a work quality / deliverable standpoint. At a certain point even if you work all hours of the day, there are many times where you have a 2-hr fire drill and you just can't be tied up on other fire drills at that time. It can work if it's staggered, like sprinting to sign on 1 with a clear timeline, and ramping up on another after just making R2. But good mid-levels should recognize it and adjust resources accordingly, which could mean adding an Associate, re-staffing, etc.
It's possible to be on two platform deals assuming they're at different stages (i.e., CIM stage and the other you are finishing up final round bids) but never have I seen any associate work on two platforms deals that are on similar timelines.
Agree with this. Have been in situations where I was the only associate on two platform deals in different stages of the bid. The moment the earlier stage bid hit R2, was rotated out of the deal team given the other bid still had ways to go till signing.
Lol damn... can't remember a time when i didn't have multiple deals running. All mostly add-ons, people will help you out if you have a platform going on.
Had two deals go to final IC on the same day at my old fund. That’s the closest I’ve ever come to dying and I’m certain the experience cause lasting physical and emotional damage. That place sucked.
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