Infrastructure Modelling Test

Based on the most helpful WSO content, infrastructure modeling tests often come in a few variations. Here’s a breakdown of what you might encounter and resources to help you prepare:

1. Case Study Types:

   • Type 2A: Construction Stage Infrastructure Model: You’ll model returns for a construction-stage asset (e.g., a solar project with a 1-year construction timeline and 30-year useful life). Assumptions like construction costs, capacity, and financing will be provided.
   • Type 2B: Operating Stage Infrastructure Model: Focuses on acquiring an operating asset. You’ll likely sculpt back-leverage financing and calculate post-tax levered returns.
   • Type 2C: Long Form Infrastructure Model: A more comprehensive case, often spanning 48 hours, where you’ll value a publicly traded name using DCF/public comps analysis.

2. Resources:

   • Ed Bodmer’s Project Finance Exercises: A goldmine for project finance and infrastructure modeling. Check it out here: https://edbodmer.com/project-finance-exercises/</a">https://edbodmer.com/project-finance-exercises/.
   • F1F9 Free E-Book on Model Optimization: Great for refining your modeling skills. Access it here: https://www.f1f9.com/resources/essential-model-optimisation</a">https://www.f1f9.com/resources/essential-model-optimisation.

3. Tips:

   • Practice building models under time constraints to simulate test conditions.
   • If you’re familiar with LBO models, some funds might test you on these as well, so brushing up on traditional LBO modeling could be helpful.

For more examples or to exchange materials, you might want to connect with users on WSO forums like this thread: https://www.wallstreetoasis.com/forum/private-equity/modeling-testscase…</a">Modeling tests/case studies to share?.

Good luck with your test!

Sources: Interviewing For Infrastructure Investment Roles, Modeling tests/case studies to share?, Interviewing For Infrastructure Investment Roles, Case Studies &amp; Modeling Tests: How Exactly Are They Administered?, Infrastructure modeling exams/guides