3 hours. LBO + PPT memo. You get a CIM and basic excel financials and debt assumptions, and you need to assume market standard fee and carry to get to your net returns.
Don't remember, but it's the same shit whether it's 1 or 2 tiers. So just be familiar with standard 8% pref, 20% carry, 100% catch-up and you can add a tier if needed.
Thanks you’ve helped more than you know! This is my first buyside interview. For a memo is this usually something that’s a one page of eg investment thesis, company description, financials etc?
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3 hours. LBO + PPT memo. You get a CIM and basic excel financials and debt assumptions, and you need to assume market standard fee and carry to get to your net returns.
Would this just be one tier of carry? Eg 8% pref, 2/20?
Don't remember, but it's the same shit whether it's 1 or 2 tiers. So just be familiar with standard 8% pref, 20% carry, 100% catch-up and you can add a tier if needed.
Thanks you’ve helped more than you know! This is my first buyside interview. For a memo is this usually something that’s a one page of eg investment thesis, company description, financials etc?
Sorry one last question. For the excel assumptions do they give you the growth rates for the various line items?
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Laudantium nemo placeat doloribus velit vero dicta maxime. Omnis provident at vero sint voluptas facere. Enim qui culpa architecto quo id ex.
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