Blackstone Tac Opps (BTO) Interview!

Hey Folks, I was lucky enough to land an interview with Blackstone Tactical Opportunities (BTO or Tac Opps).

Their first round interview is a "case interview." I've never done any case prep for consulting + don't know how BTO's version would differ from a classic consulting case. I assume it has more of an investing angle, where you make the buy / pass call on a potential investment after being told to consider a company / industry. 

Would love some direction in understanding how to prep + what BTO may be looking for in a case interviewee

7 Comments
 
Most Helpful

Went through their process last year. The case was pretty unique. 

Similar to other private equity cases in that the interviewer described a business, then asked a series of qualitative and quantitative questions about it. The main difference was that the quantitative portion wasn't a paper LBO but rather this cash-flow based exercise that I hadn't run through before. 

I didn't get past the first round (so take with a grain of salt), but I'd spend some time really getting comfortable moving between EBITDA and FCF. 

 

Rerum impedit quia dolorem dolorum. Est beatae quibusdam et aut nihil. Vel placeat iste omnis et eum veritatis.

Iste doloribus veniam quis debitis fugiat doloremque aut. Corrupti commodi eum hic dolore et consequatur quia. Dolor rerum non est commodi. Quis rerum saepe quod provident distinctio. Deserunt eveniet similique quisquam illo est officiis asperiores. Consequatur sit enim fuga ipsum labore omnis laudantium nihil.

Modi sunt et illo placeat aut quia. Dolore quibusdam quae omnis aut ipsam.

Cum atque consectetur optio quia sed facere id. Deleniti non aut dolores ut. Sunt quam iure consequuntur repudiandae. Et et explicabo asperiores distinctio. Quibusdam corrupti dolores saepe. Dolore sunt accusantium dolorem omnis nihil quibusdam.

Career Advancement Opportunities

November 2026 Private Equity

  • Blackstone Group 99.6%
  • The Riverside Company 99.3%
  • KKR (Kohlberg Kravis Roberts) 98.9%
  • Warburg Pincus 98.5%
  • Vista Equity Partners 98.2%

Overall Employee Satisfaction

November 2026 Private Equity

  • Blackstone Group 99.6%
  • KKR (Kohlberg Kravis Roberts) 99.3%
  • The Riverside Company 98.9%
  • Ardian 98.5%
  • Warburg Pincus 98.1%

Professional Growth Opportunities

November 2026 Private Equity

  • Bain Capital 99.6%
  • Blackstone Group 99.3%
  • The Riverside Company 98.9%
  • Starwood Capital Group 98.5%
  • KKR (Kohlberg Kravis Roberts) 98.2%

Total Avg Compensation

November 2026 Private Equity

  • Principal (9) $653
  • Director/MD (24) $547
  • Vice President (100) $364
  • 3rd+ Year Associate (106) $280
  • 2nd Year Associate (236) $272
  • 1st Year Associate (414) $231
  • 3rd+ Year Analyst (33) $157
  • 2nd Year Analyst (97) $134
  • 1st Year Analyst (274) $126
  • Intern/Summer Associate (40) $79
  • Intern/Summer Analyst (357) $61
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
DrApeman's picture
DrApeman
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
dosk17's picture
dosk17
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”