Hey all,
Starting an internship at a top 5 infra pe firm in a month. Interview wasn’t very infra specific and I went through it due to my interest and experience doing a few modelling tests as a freshman.
Anyone have any tips or recommended resources to get as ramped as possible to maximize chances of return?
Worked in IB last summer
| +29 | Imposter Syndrome: PE to Publics | 4 | 5d |
| +26 | Blank | 15 | 1d |
| +26 | Ares buying LGP...now what? | 8 | 4d |
| +22 | Committing to CD&R? | 15 | 2h |
| +19 | Hours at MF Infra Funds in London | 4 | 1d |
| +19 | Do PE VPs Always Have An Associate Under Them? | 12 | 4d |
| +18 | GTCR vs BDT MSD vs MDP | 16 | 3d |
| +14 | London Version: PE Check-in on Attrition, Promotions and State of Play | 6 | 3d |
| +12 | Which PE funds are actually great investors | 1 | 3d |
| +9 | Ares Acquisition of LGP | 0 | 6d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Based on the WSO content, here are some tips and resources to help you excel in your upcoming infrastructure private equity (infra PE) internship and maximize your chances of securing a return offer:
Deepen Your Understanding of the Sector: Infrastructure investment can be quite nuanced. Familiarize yourself with the specific sub-sectors within infrastructure, such as utilities, transportation, energy, and telecommunications. Understanding the economic drivers, regulatory environment, and typical deal structures in these areas can give you a significant advantage.
Refine Your Financial Modeling Skills: Given your experience with modeling tests, continue to refine these skills. The WSO Elite Modeling Package is highly recommended as it covers advanced financial modeling techniques that are crucial in PE, including LBO modeling which is particularly relevant.
Leverage Previous Experience: Since you have IB experience, use that to your advantage. Be prepared to draw parallels between the transaction processes in IB and PE, and demonstrate how your skills transfer. Highlight your ability to handle complex financial analyses and your understanding of due diligence processes.
Network Internally: Once you start your internship, take the initiative to meet with team members and learn from them. Express your eagerness to learn and ask insightful questions. Building strong professional relationships can be crucial for getting a return offer.
Stay Proactive and Take Initiative: Show your value by being proactive. Don’t wait for assignments; ask for them. If you see an opportunity where you can contribute, speak up. This shows your enthusiasm and commitment to the firm.
Prepare for the Learning Curve: Read industry reports and stay updated with market trends. Websites like Infrastructure Investor and traditional financial news outlets can be useful. Understanding current events and their impact on infrastructure investing will help you contribute to discussions and might give you a few ideas for value-add initiatives.
Practice Professionalism and Attention to Detail: In PE, attention to detail is critical, especially when it comes to financial modeling and preparing investment committee memos. Always double-check your work and maintain a high standard of professionalism in your communications and interactions.
By focusing on these areas, you can maximize your learning and contributions during your internship, thereby increasing your chances of receiving a return offer. Good luck!
Sources: Advice for summer and return offer rate?, Your best sourcing tips, Anyone have any tips on putting together presentation materials?, What returns have you achieved from co-investing in your fund?, Best way to get started in a new city?
Bump
If the firm invests in actual assets (ie wind farm, toll road etc) then learn about project finance
Laudantium qui repudiandae culpa omnis. Incidunt aut cumque rerum praesentium maiores. Tempora aperiam et aperiam molestiae. Debitis velit in blanditiis debitis ea qui cupiditate. Est et sint ut dolor. Error minima explicabo ut.
Similique sit doloremque aut sunt enim cumque nostrum officiis. Distinctio rerum deleniti blanditiis atque. Atque deleniti et eius id expedita. Eos et iusto est illo sit illo qui. Nobis repudiandae autem qui consectetur et ea neque.
Optio atque est reiciendis architecto libero et. Impedit nihil vero quas suscipit aliquam blanditiis. Quis quia eos a consequatur ut ut quo. Amet magnam itaque et porro.
Eaque nobis fugit ducimus modi aliquam vitae. Omnis sint voluptatem totam qui. Voluptate labore dolor rerum. Hic et laboriosam minima molestiae dolorem consequatur. Et occaecati et ut qui unde quis magni sit. Earum quo labore doloribus sint eum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...