When you recruited for PE—how did you talk about your deals? How did you play up the model talk and financials if you didn’t have access to the data room? Someone told me to not make numbers up. Or you will get cooked.
| +43 | Lateraling at senior associate / VP level | 15 | 18h |
| +28 | Imposter Syndrome: PE to Publics | 4 | 4d |
| +26 | Ares buying LGP...now what? | 8 | 2d |
| +19 | Dumb guys in LMM PE making more than IB? | 9 | 1h |
| +19 | Do PE VPs Always Have An Associate Under Them? | 12 | 2d |
| +17 | Hours at MF Infra Funds in London | 2 | 1d |
| +17 | GTCR vs BDT MSD vs MDP | 16 | 2d |
| +14 | Setting the right LBO entry multiple without information | 3 | 6d |
| +14 | Committing to CD&R? | 9 | 1h |
| MBA to EM Infra Investing? | 3 | 4d |
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Congrats on RBC!
No advice whatsoever? Huh
How is this “your deal” if you don’t have access to the data room?!
Also - even if you don't have access to the data room I'd presume your team downloaded the files to your internal company cloud / computer so you should still have access to it
Yes exactly was just about to respond. it’s literally just a sponsor PnL model(no b/s and no cfs) , DD, and some QOE reports. Really don’t know / think it’s enough because I can obv speak to operating model but no insight into leverage or other mechanics…
I think you're overthinking this. Interviews will focus on:
If you can't answer these based on memory + the files that you mentioned above, there are bigger problems. You should be fine.
Why are sell-side mandates preferable for PE..?
One good sell-side is enough, otherwise it’s monotonous slave labor.
Few reasons:
I'm sure those who did IB can offer up more (or choose to disagree with me). To me, the only real benefit to buy-side is thinking like a buyer when it comes to valuation, pros/cons of a business, etc.
PE is just sell side IB with more skin in the game. Everything is sell side IB. (Insert IQ bell curve meme)
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