34 Comments
 

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:

  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

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Which firm? Have done 4/5 of the tests so can assist. 

Would you kindly share these tests with me as well. Thank you very much in advance!

 

Hey man have a new found interest in Infra PE would you be able to share any of the resources you received? As well as any info regarding the infra PE space and your process. I reckon there is quite a shortage of Infra Resources out there so trying to get as much of an understanding of the space as possible. Anything helps, thanks champs. 

 

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Regards, 007

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