Infrastructure Private Equity Basic Skills
Hello WSO, I will be interning at an Infrastructure Private Equity Fund in December and I want to do some preparatory reading and learning before this to make the most out of this opportunity. I have two questions:
What are the technical job-specific skills and knowledge which I will need during my time as an intern and also later on as an analyst?
What can I do to prepare myself so that I will be more receptive to learning these job-specific things? For this purpose, are there any books you would recommend to me?
Background: * My finance knowledge is quite limited to what I've learned from the valuation parts of Joshua Rosenbaum's Investment Banking. I have also done a unit in my degree. I've skimmed the LBO parts but will have a more in-depth look into is as it seems really important skill in the role. * I have been keeping up to date with my firm's local infrastructure investment activity and also any current infrastructure deal activity as well. I don't have a textbook understanding of macroeconomics so I am looking for a good macro book to read as well. * I have read up on the industry and have a basic understanding of what infrastructure is and the rationale for investing in it. I have read the Overview of Infrastructure Private Equity thread on here which was very helpful.
This has been making the rounds recently:
multipleexpansion.com - good LBO instruction.
Although infrastructure investing is different from vanilla LBOs, a lot of the core concepts are the same, and this will help get you up to speed on the modeling, etc.