Are PE superday’s mostly “fit”?
I have in-person interviews coming up end of March with the full team. I’ve already passed the case (and was invited after being told I did well) - what should I expect?
Depends on wut type of fund and how many they take
which firm is this? may be helpful
UMM fund in NY
is it WCAS or Lindsay Goldberg?
Had some LMM ones that ended up being mostly technical - verbal case studies, prior case study readout, etc
Any examples would be extremely helpful
Mind elaborating on what those case studies looked like? Ty
Per responses above, a superday is definitely not just fit. You're usually meeting a bunch of additional investors at the firm, each of whom have their own interview styles and approach (technicals, case study, brain teasers, behavioral interviews, etc.).
I definitely wouldn't assume that it's in the bag. It'll take more than being normal to get the offer.
At a larger UMM fund and helped do some admin work around off-cycle recruiting, so can give some direct color.
Our process usually has candidates speak with ~2 people before the case. Last off-cycle we brought 15 candidates total what is effectively a full-day in-person superdays for 2 spots (both offers were accepted) on a rolling basis.
By the time you’re at superday everyone is already very strong. At that point it’s mostly about how you think about businesses and whether you’re a fit for that specific fund. It’s very possible you’re a good candidate but others are slightly better, had a strong referral from their banker who a partner knows, or just clicked with a senior partner who pushed for them in the deliberations. Off-cycle generally tends to be even tighter since firms can run longer funnels and be more selective.
I’ve been told there are 2 one hour long interviews w VPs / Principals, 2-3 quick ones with other assos and senior guys, and a 1.5 - 2 hour model test. I assume the model test he complex LBO and a mix of technical and behavioral (but largely technical per the thread)
Think this is pretty standard. Most firms I’ve heard of run ~30 minute interviews across the board, but you end up meeting effectively all the seniors and a good portion of the mid-levels / juniors. Shocked no partner chats. Good chance you'll have to talk to one or two afterwards; doubt PE firms are hiring without at lesat one partner sign offs. Had something similar where my off-cycle superday had no partners, but had to talk to two afterwards before formally getting the offer at a 5-10bn UMM fund.
Given you also have a model test, it sounds like your process might just be combining what some firms run as separate stages, a modeling round (some firms do both case + modeling in off-cycle processes) and the superday process poster described above, so it naturally might have more people than their firm's process does at.
This is great btw thank you
Out of curiosity, this is not Nordic right
What exactly did the cases look like? Ty
Out of curiosity what was the format of the case interview?
for which fund? usually longer-form cases just combine investment thesis and the rest
short form cases are in the form of verbal cases given during interviews
Absolutely not. These are still nuts and bolts interviews. You’re now competing against a narrower pool of higher caliber candidates that made it through.
You’ll be assessed on fit, intellectual horsepower, attitude, investment acumen, business judgement, if your palms are sweaty or your lips chapped.
It’s an interview.
This entire industry is so retarded because it is filled with people like this guy^ and any time someone normal tries to come in... they ruin it... "if your palms are sweaty or your lips chapped" - jeez man, please speak to a woman.
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