Silver BananaNew TopicsReplies
+1
Positioning consulting CV for PE

j-finance

Hi guys, I've spent over 3 years in strategy consulting in Asia and am starting to apply for PE roles - thing is, while I've learnt financial modelling on my own (thanks WSO), how should I position my CV in the best light for PE roles? I'm applying for investment roles and not "value creation" teams...

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Internship off-cycle opportunity

LowerMMPE

Investopedia Game 2014 No End Market is Currently Closed - Opens in 1 day 18 hours 53 minutes Refresh Account Value (USD) $95,939.34 What is this? Buying Power$52,704.12 What is this? Cash $13,368.90 What is this? Annual Return -0.94 % What is this? STOCK PORTFOLIO Trade Stock Symb...

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Benefit of connecting with an associate before resume screen at a firm that is hiring off cycle but is typically on cycle?

Making Gravy

On-cycle firm is hiring now. I have a mutual connect with an associate. Wondering if it will help to get in touch to get my resume lifted to get a first round interview. Not sure if an associate has any pull. His tenure is less than a year... Don't want to waste his time if not. What do you think?...

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+2
Stay in my current role or switch?

penguins23

So I just accepted a job with a public manufacturing company and so far I do not like it. I dont see the long term growth in the role and the role itself is not what I thought it would be. The people have been great which is the one saving grace in all of this. I was recently contacted by a guy w...

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+1
Is this weird?

justyourkid

I am a 2nd year Analyst in a top group at a BB. I have completed a few transactions since I started and have an offer to go to a UMM PE shop at the end of my 2nd year. Even though I accepted a PE offer, I ultimately would like to work in long-term public equities fund. I accepted my currently role a...

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+7
Media & Entertainment PE

dsc10801

Hey all, Does anyone know the top PE funds that focus on media/entertainment - and maybe tech by extension? Would anyone have insight on those industry specific funds in the MF/UMM space? Thanks!...

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+1
Buyside Recruiting with no transaction experience?

ruyikiduni

I currently work in an asset management group at an investment bank and have had a few reputable headhunters reach out for 2020 opportunities for MM firms. However, I don't have any transaction experience and the limited modeling that my group does is very specific to the types of investments we're ...

1
+1
ODD Analyst Interview

FAnna

Hy guys, hope everyone is well. Not sure whether I should have posted this in PE or HFs, but here it goes: I have interviews with WTW and Aksia next week for the position of junior ODD analyst for Hedge Funds, PE and PC. Coming from a Compliance background and not having have worked in the indus...

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+1
Venture Debt - Loan origination & servicing + Case study

oasis1234567890987654321

Hi, I'm currently interviewing at a venture financing firm focused on venture debt, and was wondering if you guys have some advice on loan origination & servicing. For instance, what should I look at specifically in terms of: * cash balance * financial projections * burn * break even/pro...

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Starting in a MF/UMM --> more opportunities for MM later?

Slinking-

I'm really interested in pursuing a long-term career in MM PE. I'm pretty passionate about the Services space (incl. Business Services and Tech-Enabled Services) and want to make a career about learning everything about that space and investing in companies. Fortunately for me, a lot of MM PE firms ...

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Transition from Quant to PE/IB : Seeking some evaluation

PEHopefulQuant

I am a Credit Quant. Pretty successful in what I do. I work for a top 5 US bank (in Retail). I am 28 years old, manage a team of 9+ quants (as SVP) and build portfolio performance models for different credit portfolio across two continents and nine countries. Life is comfortable (9-5) but not excit...

1
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Associate at ~$1bn Fund -> First Jr. Employee at First Time Fund (~$100m)

twentyone

Has anyone gone from MM PE to LMM PE at a first time fund? What kind of carry / economics should a senior associate / jr. VP look for at a fund that has 2 partners and no jr. people and has raised a $100m fund? Is this a stupid idea if there's a senior associate offer on the table at the more estab...

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Graduating soon and need help deciding between BB PE firm (middle office) vs boutique consulting firm vs MM Equity research

Mupata

I'm graduating from a non-target school in May. I interned at a PE Mega-Fund last summer (Blackstone, Carlyle, KKR, TPG), in a middle office role (think fund-level accounting, reporting for LPs, and marketing covering a specific fund). The original plan was to accept the return offer, take the CFA...

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Ardian Infrastructure Intern interview in London

monkey1956

anybody here can share some insights on Ardian Infrastructure Intern Interview process. This is for their London office. Thanks!...

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Founding a startup - exit opps if things go under?

Jacob-Costello

Hello all, I am currently a first year analysts at a decent MM IB who has always dreamed of being a VC or starting my own thing. Recently, I’ve been presented with the opportunity to do the latter from a buddy of mine who had already exited a semi-successful venture backed startup as its co-founde...

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Private Debt to Public Equities

bruce_2

Hello, I'm an Investment Associate in a leading Private Debt Fund headquartered in London and focused on junior debt. We try to have DD process that is similar to what Private Equity funds do (not the same of course, but much much more in depth than what a CLO does). I love the people I work with an...

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Is an outside senior recommendation helpful for megafund recruiting?

PE_help_please

What kind of role do references play in PE recruiting? A senior banker is offering to go to bat for me at a specific fund. What should my next steps be? I will be working in IB next year at JP/MS/GS....

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Deal Flow versus Brand for Buyside Exits

Bill Stern @ Axe Cap

Can someone shed some light on what's more important having deal flow exposure on resume or working for a firm that has prestigious brand like GS/MS/ top BB/EB. I know that many times by working for a top firm and deal flow exposure goes hand in hand. However, what if you work for a firm like Jeffer...

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Information on SoftBank Vision Fund

Bob-Charlie

I've recently progressed to a final round interview at SoftBank for an investment associate position with the Vision Fund and was looking for more information on what the position would entail. Does anybody have any idea what the culture at SoftBank is like? What are the hours like? More like MF or...

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CPPIB Energy & Resources?

DBusiness

Hey! I may have an interview up and coming with the CPPIB Energy & Resources team in Toronto. I have heard some unsettling things about the team - long hours and under-performing portfolio (heavily O&G weighted). Does anyone have any experience with the team? I have heard they have bad junior tu...

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Thoughts on StepStone group?

mango n lime

Hi does anyone have any insight into stepstones private equity group: primaries, secondaries and co-investments? How they compare with other PE funds of funds such as lexington partners, Pantheon etc.. Whether you will get exposure to valuation analysis and LBO modelling on the target companies / p...

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+9
Reasonable entry multiple for buyout target?

chips_ahoy

Hi guys: What would you consider to be reasonable entry multiple for a potential buyout target please? Trying to do some mock practices but want to find something sensible. Would you consider 10x EV/NTM EBITDA to be good please? (roughly 19x P/E in this case) Or would this be too high? Thanks!...

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PE Exits from Jefferies

MintzBalls

Hey all - I will be starting at Jefferies this summer. It's a generalist program, so I am trying to think ahead in terms of what groups I should shoot for. I would like to recruit for private equity and wanted to ask this forum how Jefferies analysts recruit - what sorts of funds invite Jefferies an...

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Loan and revolver quantum & cost

choubix

Hi, Say a company wants to refinance existing debt on the back of $40m EBITDA as its situation has improved over the past 3 years. - Could a lender extend a Unitranche loan based on Ebitda leverage covenant + revolver based on A/R? - If so: what metrics would the lender use to assess the quantum & ...

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Lone Star Private Equity

msf45421

Does anyone anyone have any insights into the fund in terms of performance, profile, prestige, culture etc.?...

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Fly for case presentation?

SolvableJoker

Hey All, I have a video case interview presentation coming up for a PE interview. I am aware the other candidates will all be presenting their case in person. I have been assured that me presenting via video will not affect my chances. Would ponying up and flying to their city on my own dime provi...

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Financial Services PE

128

If you were a later stage private equity investor would you invest in: 1) a M&A advisory firm, 2) a strategy consulting firm, 3) a placement agent, or 4) a receiver? ...

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Corp Dev M&A --> PE

iturbe

Analyst doing M&A for F500 company. Want to transition to PE, but not sure when to start reaching out to headhunters. How many years/deals necessary to become a strong candidate?...

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Deal structuring questions

choubix

Hi guys, We are raising capital and we are offered money for preferred shares in the company. These shares have a liquidity preference, a yearly dividend and can be participating or not (pricing differs depending on whether we choose participating or not). As we are looking at raising some debt at...

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HIG Capital - SF Superday

Leveraged_Dropout12x

There is some information on here I have come across, but nothing on this office specifically. Does anyone have any experience in the interview process for this office? Had a model test and phone screen, but not sure what to expect in the final round. Any insight is greatly appreciated. Also, if ...

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Blackstone Portfolio Management Program Interview

TechAM1

I have an introductory phone screen for a role in Blackstone's Portfolio Management Program (PMP). My background is somewhat unique (4 years at a HF out of a mid target undergrad) although the position is less of a traditional PE role. Interested to hear if others have interviewed for this group, h...

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Brookfield London PE?

chips_ahoy

Hi guys: Is anyone familiar with this team and know what their investment focus is on please? Thanks!...

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Funds of funds and co-investments

throwaway531531

Hi, I was wondering if anyone could provide an insight into whether there is any modelling done for a co-investment and secondaries fund? If so, how does it work? As co-investments are a minority interest is there any modelling done on the individual company by the secondaries fund? Do they get inv...

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Should I start in Big 4 Audit or PE

twolves14

Hey everyone, I've got a career path question for you. Last year I interned and received a full-time offer from a Big 4 firm in their audit division. I knew that audit wasn't really my passion, so I explored around and discovered PE. I got lucky and made a couple of connections and have been interni...

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+9
How to tell the prestige of LMM or MM PE firms?

Zen.Monkeys

Hello all! I am currently interviewing for multiple LMM and MM firms (Undergrad Internship) and I was wondering how I can assess the quality of a mid-market shop. I feel like there's a group of huge PE firms that everyone knows and can assess the quality of, but then a ton of MM PE shops that do n...

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DELETED thread..................

Ballingwithabudget

DELETE ...

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+1
Clean Energy Fund Modeling test

bankerella2

Hi All, I have a final round coming up for a clean energy private equity fund. I have no idea what will be on the test, but I am assuming the modeling test will be some sort of DCF based test with some debt and/ or tax equity involved. Curious if there any materials you recommend to prepare? The s...

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What deal sizes are too small for mega funds

chips_ahoy

Hi guys: What kind of PE funds would look at deals with transaction value of around $1 -2 bn? Would that be too small for mega funds? Thanks!...

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Debt for LBO?

chips_ahoy

Hi guys: May I ask a quick question on debt for LBO please? I'm doing some practices and would really appreciate your guidance! Assuming I'm doing an LBO of a public company, levering it up to 5x EBITDA...there are a few things I'm confused about the debt component: 1) How much revolver do I assu...

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Public Software Company Valuation

papadelight

I’m currently working on an investment pitch of a public $5 billion cybersecurity company whose business model is SaaS based. I’m working on forecasting next 5 years revenue growth and was wondering methods I would use to forecast. Should I be using a top-down approach – TAM * market penetrat...

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+26
Private Equity Resume Template - Official WSO CV Example

WallStreetOasis.com

Attached to the bottom of this post, you will find the Wall Street Oasis private equity resume template for experienced professionals, used by the WSO paid service and thousands of candidates to successfully land a job in private equity. For those of you with deal or project experience coming from ...

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What are your go to news sources: Twitter? PE Hub? PEI?

mitchie

I have recently become obsessed with learning as much as I can about the industry. Learning, Learning, Learning. Want to make the most of it while this productive animal inside me lasts. What are your go to news sources? I have been debating getting a subscription to PE Hub or PEI - can only affo...

1
+1
PE Funds of funds vs M&A for exit opps

Anon163862

Hi, I am a current M&A analyst looking to move into direct PE however I haven't had much luck in getting any interviews. I am however currently interviewing with a PE Funds of Funds. The role is essentially acting as an LP and investing into the private equity funds themselves, by assessing fund per...

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anyone know anything about acon investments?

ffffml

I randomly applied through my school's career website for a summer internship and ended up getting an interview here. Does anybody know about this place? exit ops, etc.? Would this be better than interning at a 20b value fund in ohio if end goal isn't sure? End goal is pe/hf in nyc...

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Anyone done deals with Partners Group?

chips_ahoy

Hi guys: Have you guys come across Partners Group PE team in a deal please? Trying to get a better understanding of how they approach investing and sourcing - seems like they've grown a lot recently. Do they use a co-invest model with their fund investments, or is it more direct investing? How's yo...

1
+1
CVC Credit Partners

Billy Ray Valentine

Anyone have any insight into this group? Culture? Reputation? Etc? Any insight would be helpful! Thanks!...

1
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Fulcrum Capital Holdings?

chips_ahoy

Has anyone heard of Fulcrum Capital Holdings in Texas please? Seems like they do distressed, but would love to learn more about their strategy! Thanks! This is their website, thanks! https://fulcruminv.com/...

5
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European PE to USA M7 and then what?

C to the K

So i come from the middle east, Undergrad in top Hospitality School in Switzerland, worked for a couple of years in Corporate M&A in the middle east and did some internships at KPMG deal advisory and an investment bank. Currently im at a PE 1B fund in Europe that specialized in Hotels, Restaurants a...

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RE M&A Prep

liht

Hi all, I have a research background in a real estate equity fund and am having this opportunity to interview for an M&A role within a REIT. The target companies are primarily public, and I have absolutely no prior experience in that field. I wonder as far as acquiring a public real estate company ...

1
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HF analyst to Corp Dev/PE -- how to make up for lack of transaction/operations experience?

Buffett Line

Hey guys, what's good? I'm currently an analyst at a fundamental L/S HF in Asia. I'm lucky enough to have the opportunity to transition into the internal PE group of one of the major conglomerates here. Though I've been able to analyze different companies across industries through my HF work, I l...

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Exit Opps from a Local Boutique after 1 Yr

Alibabes56

Hello all, It's that time of the year when we are all starting looking at exit opps. So here is my background: - Almost one year at a regional boutique -- pretty well known in the area - Already closed a few deals ($30mm - $400mm in value/industrials) - Broke into ib from a fairly large asset mana...

1
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iPad as an associate?

mbmteo

All, Little bit of a trivial question, but would love to get thoughts on perception of an an associate using an iPad in lieu of a standard notepad during a meeting, MP, etc? Think it would greatly improve efficiency and just overall organization / productivity, but not sure what the perception is...

1
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Breaking into PE as an IB Associate

TheKid1998

Currently an IB Associate (post-MBA) and would like to lateral into middle market PE. Assuming my technical skills / background are solid, could someone share advice / best practices to get into middle market PE? ...

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eCommerce/direct-brand/DNVB focused LMM PE firms?

m_1

Anyone know of any PE firms operating in the lower middle market with a focus on eComm/DNVBs? Ideal geo is the US/CAN....

3
+9
AMA: Private Equity Associate, started after my undergraduate

peassoc

Bit of a slow Friday, but have to wait in the office for a bit. Happy to answer any questions about my job - currently an associate after a recent promotion from analyst. Created this throwaway account, happy to answer anything....

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Family Office or Index Provider

zrixes

Here to seek some advice on what offer should I go for. A little context to the question, I'm always wanted to be in Venture Capital industry, working with technology startups and have 2 years of associate experience in a VC fund. Due to blatant fraudulent activities going on in the fund by the pa...

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Vintage / Rent-A-Center

HowlerMonkey

Just...wow. Vintage forgot to notify Rent-a-Center of their intent to extend, costing them a deal that had started to look really good, plus a $126 million (!) breakup fee. I feel sorry for everyone associated with this, and can't see how it is anything less than a disaster for the principals. ...

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+8
Golub Capital type direct lending fund

dcfv0545

Hey everyone, Have searched through and seen a few conversations on this topic but couldn't find exactly what I was looking for. I'm an Associate at a BB and recently got an offer from a direct lending fund (think similar to Golub Capital in $5-10bn AUM range). They're now starting to explore other...

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Greatest turnaround GURU

Kamoroun

Who is the greatest turnaround expert to learn from? In terms of being able to turn distressed companies around. ...

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Competitive advantage for sector-focused PE funds

blueshine144

What is the main competitive advantage that sector-focused PE funds ($5bb+ fund size; Thoma Bravo, Vista, L Catterton, etc) have compared to broader industry-agnostic funds (BX/KKR/Carlyle/TPG + places like Berkshire Partners, CD&R and other large funds that invest across a variety of industries)? ...

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Best PE recruiter?

Black Knight

Does anyone have any recommendations? Emphasis on confidential searches, salary insights, and track record. ...

2
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Are there any notable PE/VC funds with an Atlanta presence?

euroquaker

The question says it all, but to narrow down, I'd be especially interested in late stage venture or growth shops....

11
+8
Very Tough Decision - Short-term Comp vs. Long-term job

DZZ

Very tough decision for me here, I'll try and put it succinctly, but appreciate anyone and everyone's thoughts on what I should do. It basically boils down to massive short-term comp vs a long term job, but with some nuances. I am a VP level guy. My last 2 PE firms (as Senior Associate out of busin...

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+3
LMM - MM - MF

Bill Stern @ Axe Cap

Can someone in short shed some light on what is consider LMM, MM and MF PE. Is there a actual dollar amount that separates one from the other? And, what is range of comp for both entry level analyst and associate? ...

6
+3
Best-looking PE Fund Quarterly Report

thefamilyofficesdb

Hey, my fund is putting together a quarterly report to go out to our LPs. Previously we only sent them performance tearsheets of the individual portfolio cos, but now we're taking it up a notch, formalizing the process & making it all look good. So with that in mind - do you know of any PE funds who...

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