GIC Associate Case Study - PE/Infra

Based on the most helpful WSO content, here are some insights that might help you prepare for your GIC Associate interview, especially considering it is an infrastructure PE role:

Case Study Types

1. Traditional LBO Modelling Test:

   • Duration: Typically 3-4 hours.
   • Task: Build a 3-statement LBO model and prepare a PowerPoint deck.
   • Purpose: Assess Excel capabilities and financing knowledge.
   • Preparation: Practice traditional LBO-style case studies. Numerous guides and threads are available for trading old cases.

2. Short Form Construction Stage Infrastructure Model:

   • Task: Model the acquisition of an operating asset.
   • Assumptions: Provided assumptions to build the operating model and sculpt a back leverage financing to achieve a post-tax levered return.
   • Objective: Determine the equity acquisition price given a specific return requirement.

3. Long Form Infrastructure Model:

   • Duration: Typically spans over a weekend (48 hours).
   • Task: Build a financial model to value a publicly traded name and prepare a comprehensive set of presentation materials, essentially a mock IC presentation.

Preparation Resources

• Ed Bodmer's Resources: Highly recommended for project finance and infrastructure modelling. His website offers a plethora of videos and exercises.
  • Link: https://edbodmer.com/project-finance-exercises/</a">Ed Bodmer's Project Finance Exercises

Key Points to Consider

• Excel Skills: Ensure your Excel skills are sharp, as both LBO and infrastructure models require strong proficiency.
• Understanding of Infrastructure Models: If you haven't built an infrastructure model before, familiarize yourself with the basics and differences from traditional LBO models.
• Presentation Skills: Be prepared to present your findings clearly and concisely within the given time frame.

Additional Tips

• Practice Under Time Constraints: Simulate the case study environment by practicing under similar time constraints to build efficiency and accuracy.
• Review Past Case Studies: Look for threads and guides where individuals share their experiences and old case studies to get a sense of what to expect.

Good luck with your interview preparation!

Sources: Interviewing For Infrastructure Investment Roles, Interviewing For Infrastructure Investment Roles, PE analyst at a megafund vs. banking/consulting, Infrastructure Private Equity, Q&A: GS/MS IB Analyst —> Megafund PE Associate —> HBS/GSB Business School