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WSO Hall of Fame: Private Equity Forum

WallStreetOasis.com

The Wall Street Oasis Private Equity Hall of Fame provides a comprehensive collection of some of WSO's best discussions on the private equity industry. Keep in mind this Hall of Fame does not include Q&A sessions by WSO veterans. To view a full list of Q&A’s & Interviews please navigate h...

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LMM PE Firms That Invest in LatAm

Carl Icahn't

I'm helping a colleague put together a potential buyer list for a LatAm-based company seeking a minority equity investment. Does anyone know any U.S.-based LMM PE shops that invest in LatAm?...

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PE/PERE fee structure with no close date.

costofincome

Good evening, I have a following question concerning fee structure at funds. 1. PERE (lets assume industrial re) - they do not have any maturity which makes sense as they want to grow the RE portfolio as much as possible. Questions: a. They take the management fee from NAV? Do they take it from re...

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HSBC middle market leverage finance?

D-finance

Hi guys, have an interview with HSBC middle market leveraged finance lined up - does anyone know how fundamentally different deals done by the mid market team are vs the traditional HSBC leveraged finance team? Is it only deal size or will one expect to do different types of deals, and how are they ...

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What are the ingredients included in this Brain C-13 capsules?

jinichuu

Our Brain C-13 is the maximum crucial a part of our body. The wondering ability of our brain makes us unique from other living creatures on earth. we rely on our brain to perform any hobby well. all of us depend upon our mind and thinking capability to prosper in our personal and professional life. ...

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What's Joint N-11 supplement?

jinichuu

The Joint N-11 from is a natural supplement that's helpful in joint pains. it is a completely unique system which objectives the broken areas of the joints and works on the foundation reason of joint ache. Joint N-11 evaluation is the final results of years of studies and experiments. The manufactu...

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AMA: Megafund Asia Private Equity

zyxvzyxv

####Intro: I'm heading to bschool in a few months time, and work has been ramping down for me as I prepare to hand off projects to fresh associates below me. Although this is still a US-centric forum, I think there is still a bit of interest in PE opportunities in Asia and thought why not answer a ...

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Understanding yet-realized IRR on capital allocator returns reporting

Bubba-

Hello everybody, I am wondering how capital allocators determine IRR for private equity fund investments before distribution events have occurred. Here is an [example](http://mn.gov/sbi/performance/MSBI%20Comprehensive%20Performance%20Report%20Quarter%20Ending%20December%2031,%202018.pdf) from the...

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Initial Deal Sourcing in Private Equity

jh98nam

Could somebody walk me through their initial deal sourcing thought process (pre-CIM)? I'm trying to get a better understanding of how to decide which investments to proceed looking into, and which ones to pass on. Like what specific metrics and characteristics would you personally look for in a te...

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Looking for a mining private equity firm to help with a deal

mmgleeson

Hi there, I am looking to find a PE firm that has expertise in mining, specifically iron. I am working on putting a deal together and would love to talk to a PE firm about this opportunity. ...

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Private Equity Tricks

BalkanCowboy

Hi guys, I'll keep it simple... what tricks will private equity managers use to make returns look bigger, improve balance sheet, legally decrease taxes, make money out of thin air, etc... Please share secret sauce ingredients. Comments appreciated & looking forward to a constructive debate. ...

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AMA- Undergrad to PE (Ask me anything)

JDS07

Hi everyone! I’ve really enjoyed the community here at WSO and the fantastic insights and advice people have shared over the years, so thought I’d give back and share my non-traditional experience. My Background: Target school, liberal arts major. Interned at a BB IBD my junior summer, and wen...

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Compensation for Associate at Megafund in Real Estate Team?

Wolfofgeorgestreet

Just wondering since the hours might be slightly less than traditional PE, if that pay for REPE megafunds is less. Overall what is the comp for REPE associates at megafunds? Thanks!...

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NatRes Interview (student)

mswizle

For firms that invest in farmland, metals, agricultural products, oil, and timber...how should I go about preparing for interviews? If anyone works in the field and could give some guidance I'd really appreciate it....

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Moving from M&A to consulting

D-finance

Hi guys - have been in M&A for a few years now and just moved into consulting. Overall adjusting well but finding the environment / mindset extremely different - won't go into detail here but wondering if anyone has made a similar transition and wouldn't mind sharing your thoughts? Any advice would ...

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PE interview in-house commercial case study - best approach

F1_button

Hi Everyone, I wanted to get some advice on how to best approach the PE in-house commercial case study, which you get mid/late stage in the interview process. The format I have been through, and am preparing myself for, is the one hour preparation, one hour presentation type of case study. Where yo...

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Systematic Due Diligence Approaches

Alex-Kipel

Does any have systematic due diligence approaches to TMT deals? Want to create my own standardized style but am curious to hear about others....

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Promotion Raise %s

Lanyk

Hello all. Understanding there is a wide spread in terms of cash comp at various firms based on a variety of factors, can anyone speak to the typical raise % for cash comp when promoted from PE associate to senior associate and senior associate to VP? Looking for some data points. Thanks!...

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Power company Corp Dev. Any good?

wblcq

I recently got a corp dev offer from a large IPP. They are pretty active in acquiring/divesting power plants and I was wondering if I am able to break into infrastructure PE in the future with this experience. Any thoughts?...

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Boston PE - the basics

luckyh18

Looking for guidance with recruiting for Boston PE / growth. Who are the top recruiters? Same as NY?...

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Medicine to PE

cyclohexaneb

I graduated from NYU Stern undergrad about 2 years ago and have been doing research at some top institutions while getting ready to apply to medical school. I am applying now and would matriculate in Fall 2020. However, I am having second thoughts about this - I realized I've been idealizing medici...

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growth capital & VC - valuation, research, and resources?

earthwalker7

Hey all, I just landed a venture partner role at a VC + growth capital firm. How do you guys go about researching and investigating industries efficiently? What public (or private) sources do you find most helpful? I don't have access to equity research reports or Capital IQ anymore. And I think...

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Govt agency delay cost me my buyside internship..what now?

adamjones

Hey everyone. As some of you have heard, asylum applications have recently skyrocketed due to tighter immigration controls. Why am I saying this? Well the government office that handles those applications also approves temporary work authorizations for international students. Long story short—mos...

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Riverside Partners

BBBankerGuy

Any opinions on this firm? Senior team appears to be very pedigreed and I believe they have solid returns. Any commentary on their associate program and interview process would be helpful in particular....

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OTPP, Private Capital Co-op

Saad_k

Just received an offer via school co-op for the Private Capital, Direct Investing team at Ontario Teachers Pension Plan. Anyone heard or done a position here before and could describe what the work type is like, hours, salary is? A lot of it is something the posting nor the co-op office gave detai...

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Cannabis focused pe, growth equity & vc

A.B.22

I want to break into cannabis pe investing, but don’t know where to start. Who are top players in this space, is comp similar to traditional pe investing, any interview advice? Any advice would be appreciated. ...

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How would you maximize a VC internship?

vashdun

Doing a sophomore internship. Wondering what things I should do in order to maximize the opportunity....

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CDPQ? Any thoughts on the place?

Jasuny-Karma

I'm going to go for an interview as an investment analyst at CDPQ but I have no idea about the place at all. Would really appreciate if anyone has any thoughts on CDPQ. ...

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Due Diligence on PE Deal

EstimatedProfit

Hi Everyone, I've been hired on as an intern with a small boutique PE firm in Dallas and my first assignment is to research a list of companies to find some general information on them (whether they're independently run, what their reputation/history is in the area, etc.). So my question is how to...

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AMA: Fundraising for Private Equity, Cap Intro & Investor Relations Career Paths

earthwalker7

Guys, Below is an AMA podcast + some key takeaways on fundraising for PE and HFs. I was in-house IR at a couple PE shops (1 successful, 2 not) and was head of cap intro at a BB ibank. What questions do you have for me? I'll do my best to cover / answer them all. WSO Podcast: Private Equity F...

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Best ways of getting into PE with no IB experience (from target school)?

wsoreader1619

Hey everyone, I'm a rising senior at one of the main target schools, and my goal is to work in PE. I'm well aware that IB-->PE is the most straightforward path, but I didn't go through IB internship recruitment last cycle for reasons I'm not going to get into online. I'd like to avoid IB complete...

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Entry investment price in Private Equity (FIG)

harvestmoon

I am trying to understand how PE firms determine the suitable entry valuation of a bank, assuming there is no leverage involved. Let's say a bank is valued at P/BV 1x, with cost of equity = RoE = 10%. If the PE firm invests at this value, bank performs accordingly and the firm exits at the projected...

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EB In Chicago ---> PE in NYC (the logistics)

thegreatspoofing

first of all... is this even possible or is there a very, very large HH recruiting bias towards NYC for MFs and UMMs? Secondly, if this were possible how does one organize their process so that they can maximize their chances (I understand that physically meeting the HHs will be very valuable from w...

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Am I an idiot for trying to pivot to PE?

DinosaurJuice

I’m an engineer with a VP title at a PE backed oil company in Texas. The team is very small and I have some decent equity in my company but it seems clear to me that I’m viewed as a worker and not a decision maker. The CEO and President are both in their 30s so they have a long way to go before ...

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What is your dream PE fund to work at?

GoldmanGekko

Bored and interested to hear people's thoughts on what funds they would love to work at and why. Let's not take the thread too seriously. Hopefully some people want places other than just megafunds. ...

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London PE Recruiting from EB

philliar

From my understanding PE recruiting begins much later in London, however what is the typical process as a 1st Year Analyst. Do people move within their first year or does it tend to happen at the end of an analyst program? Any insight into London PE recruiting would be much appreciated. ...

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How to word internship position?

vashdun

Interning at a VC. Should I write "Venture Capital Summer Analyst" or "Investment Summer Analyst"? The firm didnt really gave an official title, so was wondering what would be better & clearer on the resume. The firm has the word "ventures" already in its name, so the former option is redundant I th...

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How to respond when a headhunter/recruiter asks what other processes you're in

JH Rider

I'm a second year IB analyst, currently interviewing for near-term PE jobs. Working with several recruiting firms on different processes. There's one in particular that I think is a golden egg and I don't want others to know about it. So I took an intro call with another recruiter today, who asked ...

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Need infrastructure/utilities projects/funds advice

Sanhattan

Hello everyone, I've been a common reader and this is my first post/thread. I work as an Associate in a LATAM PE boutique and we are starting to evaluate the structuring of infrastructure/utilities funds. In this context I would like to ask for anyone experience on how to get into this business as ...

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How to structure the deal to indemnify yourself from tax liabilities of a investee ?

yangoner

In emerging markets, private equity funds will often encounter potential investees that had significantly underpaid CIT over the years. I am wondering is there any common deal structure or a special deal structure PE funds used to indemnify themselves other than using indemnity clauses. I understand...

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Megafund hours for VP or above

add_vocado

Hi, Would anyone please share a bit on how the hours are like for VPs /above at megafund please? I know it depends on the fund/group, but a broad description would be really helpful! Does it get slightly better as one progresses through the levels post-VP as well? Thanks!...

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Thoughts on LMM Fund in Small City

Evianstone

I would like to get your input on my situation and offer. I'm currently a third year at a top MM IB in a major city. Was late to recruiting so I've been doing off-cycle. I've received an offer from a lower MM (250-500m fund size) PE shop that has a solid track record and is well respected. It is in...

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Best way to structure angel investments?

beedis

Hey guys, I have been looking to get into angel investing for awhile now and there is a pretty good startup scene emerging where I am. I am wondering, for anyone who does angel investments, how did you structure the business/deals? Did you set it up like a micro-VC? My initial intent was to form a...

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Physical Asset Funds?

cfnv0101

Hi all - does anyone know if there are any funds/family offices that primarily invest in physical assets/collectibles (art, memorabilia, cars, watches, whiskeys, etc.) Thanks....

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PE Analyst Programs - Help?

Anonymous3218

Hey everyone, rising senior at a target here (3.7 gpa). Been reading WSO for a while but trying to stay anonymous. Like most people here, I’m trying to break into PE, and was wondering how internships in REPE (UMM fund in NYC) and then VC at a big fund would play out. I know PE traditionally hires...

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Getting into premier VC(Seqoia, Accel) and PE(Blackstone, KKR) funds

The White Bull

These are some of the most coveted brands and companies that everyone wants to break in. So in order to get in, do you need to be an IBanker or you can move right in after some networking, straight out of undergrad or MBA or after having work ex in Top Investment/Asset Management(Fidelity, AXA, Blac...

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VC FoF exit ops?

Venturepapi

This forum shits on the FoF industry but curious wondering what kind of exit ops there are for VC FoF? Anyone ever made the jump over from investing in venture funds into actual direct investing? I can see why its advisable to steer clear of FoF early on in your career especially in PE/HF but Vent...

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Cold Emailing MD Before Applying to Posted Job?

SpruceSap

I saw an associate role posted online that matches my profile and I am looking to lateral, so I will be applying. I have the email of an MD in the group. Should I reach out to him before or after applying? And if I do, what should I say? We don't really have any connection, I guess I could just ask ...

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Private Equity @ Bloomberg Invest Summit in New York

TSankara

I was watching an interview with CircleUp's CEO about quantifying private equity. They seem to be doing a good job in the consumer space. I've never heard of them(I might possibly be living under a rock), but what do you guys think, can you have a successful PE firm that makes decisions solely on da...

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