Guys,
I'm currently working in a small PE boutique and I have an interview planned for a mega-fund (think TPG/BX/Carlyle) next week. It's going to be the first round.
What do you think I should expect and prepare? I'm more used to ib interviews (I've been focused on FIG teams), but I didn't expect to hear anything from that fund...
Edit: my current firm is in NYC while the PE job is in London. Just saying in case processes are different...
BX private equity I assume ;)
They all have offices in London ;)
BX..
If you have done PE before it will be technical, maybe some probability brain teasers around flipping coins etc. be able to run through an lbo on a piece of paper and know reasonable assumptions for it etc. know multiple analysis, what impacts the ratios, maybe a bit of capital structure changes etc. how it impacts the firms rating. usually two interviews
I can only give you my run-down of experience with interviewing with these funds (I never interviewed at TPG, but at another megafund of that caliber): First rounds were always modeling tests (LBO, Operating Models etc.) followed by a quick Fit interview (why PE, what made you interested in PE, why our fund, what seperates our strategy from others and why does that appeal to you). Then as you move along and proved you can model and are not a socially awkward dude, you move into discussion involving investment ideas (in what industry would you invest at the moment) and then you basically have to come up with a valid investment thesis on the spot. if you pass that as well (of which you will have a lot), there's only the dinner left with the seniors ;)
How would you best approach the investment pitch? What would you use as inspiration and how to identify specific names?
Thanks guys, that is very helpful. I'll let you know if I make it to the dinner... but there's an uphill battle before.
Do you know if there's one of those stupid numerical tests Londoners affectionate so much?
bx actually has one as far as I know, gmat style questions, no calculator
Thanks
Let me know if you need a sample, I have one of the test series.
.
I could definitely use one. Would you mind PM'ing it to me?
know their portfolio... and have an opinion/view (good or bad) on their investments
just prep for the gmat math test
To anyone whom I send the test: SB's are highly appreciated ;)
after three hours of sleep last night i've just about had enough. can i get a copy of the test please? thanks.
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