Infra PE SA Interviews

For infrastructure private equity (Infra PE) summer analyst (SA) interviews at top firms like Blackstone (BX), KKR, or I Squared, here's what you should expect and how to prepare:

What to Expect:

1. Technical Questions:

   • Expect questions on financial modeling, particularly around infrastructure assets. This could include discounted cash flow (DCF) analysis, project finance modeling, and understanding of key metrics like IRR (Internal Rate of Return) and NPV (Net Present Value).
   • Be prepared for case studies or LBO (Leveraged Buyout) modeling exercises tailored to infrastructure investments.
   • Questions on valuation of infrastructure assets, such as toll roads, airports, or renewable energy projects, are common.

2. Behavioral Questions:

   • Standard behavioral questions to assess your fit with the team and your interest in infrastructure investing.
   • Be ready to explain why you're interested in infrastructure PE and how your background aligns with the role.

3. Industry-Specific Knowledge:

   • You may be asked about trends in the infrastructure space, such as renewable energy, public-private partnerships, or regulatory impacts.
   • Understanding the unique characteristics of infrastructure investments, like long-term cash flows and inflation-linked returns, is crucial.

4. Firm-Specific Focus:

   • Each firm may have a slightly different focus within infrastructure (e.g., BX might emphasize large-scale global projects, while I Squared may focus on mid-market opportunities). Research their recent deals and strategies.

Resources to Prep:

1. WSO Private Equity Interview Prep Guide:

   • This guide includes thousands of questions and case studies tailored to private equity interviews, including infrastructure-specific content.

2. Financial Modeling Resources:

   • Practice infrastructure-specific financial modeling. The WSO Financial Modeling & Valuation Bootcamp is a great place to start.

3. Investor Presentations:

   • Review investor presentations from large publicly traded infrastructure funds like Brookfield or Macquarie. These often highlight industry trends and deal structures.

4. Books and Articles:

   • Look for books or articles on project finance and infrastructure investing. These can provide a solid foundation for understanding the sector.

5. Mock Interviews:

   • Consider scheduling mock interviews with professionals who have experience in Infra PE. This will help you refine your technical and behavioral responses.

6. Networking:

   • Reach out to current or former interns at these firms to gain insights into their interview processes and expectations.

By focusing on these areas, you'll be well-prepared to tackle the challenges of Infra PE SA interviews at top firms. Good luck!

Sources: Interviewing For Infrastructure Investment Roles, Interviewing For Infrastructure Investment Roles, Infrastructure Private Equity Basic Skills, What to expect in PE interviews as an undergrad?, https://www.wallstreetoasis.com/forum/private-equity/cppib-summer-analyst-interview?customgpt=1