Silver BananaNew TopicsReplies
+1
UWO JD/MBA with $$ or UofT JD for Corporate Law With Interest in Exit to Distressed Finance

qharrington

I've got the following in hand: JD/MBA offer with $40k scholarship from Ivey, likely no $$ from Western Law. (~154k tuition > 114K). 3 yrs. JD offer from UofT, no $$ but reasonably confident in $8K annually through financial aid (~114K tuition > 90k). 3 yrs. My aim is to find a role with major To...

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+1
Valuation Analyst Private Equity - MF exit ops

StanBoy1331

I am considering an interview with a MF for a position within their Valuations team supporting PE. I have had internships in PE and currently am in a corp fin industry position. I have no exposure to the valuation side of PE and wanted to get people's perspective on the compensation, day to day life...

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Best way to discover new funds?

angrybanana

What's the best way to track new funds (primarily in London) before they are in the headlines for raising their fund? In other words, between the time the main PE principals leave their old firm and the time they announce the close of their fundraise, how can I one figure out who they are? Is there...

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Anyone know Acon Investments?

theotter

Anyone know anything about this firm? We ran into them during a process and I had never heard of them. This despite their website saying they manage ~$5B and have very recognizable portfolio company names (Borden, True Value, etc.). They also do not seem to be very focused on A&D (despite being in...

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PE Secondary Market Origination Role - Is there any way to move into deal execution?

AspiringPEVC

Hey All, First I wanted to say sorry for bombarding this forum, but I just got wind of a potential opportunity that I would love some insight on. There may be an opportunity in a PE "secondary-market" firm - essentially acting as a broker on the origination side that may be looking to hire someone ...

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Carlyle Group Summer Interview 2019

ffffml

Hi I have an interview coming up with carlyle’s strategic partners group. Has anybody interviewed with them before? Interview is with vp of distressed credit. Not sure how to prepare as most interviews I’ve guven were ib/hf...

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+1
Investor Relations Modeling Tests?

bigcitydreamer

Currently helping a friend who is recruiting for IR jobs at PE shops after a few years in ECM at a BB. She's come across some jobs where there is a mention of a potential modeling test. Has anyone heard of modeling tests for IR positions? What would typically be involved in that? Thanks for any ...

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MF PE Analyst Interview - Coming from Corp Dev

SauceGod2435

I was recently selected to interview with a MF (BX, KKR, BC, etc) next week (Random Resume Drop). The position is an FO Analyst role. I graduated last May (non-target) and currently work in Corporate Dev at a Fortune Top 5 Firm. Many things transpired during my recruiting season that eventually led ...

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+13
"Negotiated working capital target for a deal" - what does this mean please?

newkid2019

Hi everyone: I'm just browsing some current PE associates experiences and saw some of them mention that they "negotiated working capital target" for a deal that they worked on. Pardon my ignorance, but could someone enlighten me on what does mean and how does it actually work please? How do you go ...

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+1
"Carry dollars at work" relation to annual carry distributions

latetothegame

How do "carry dollars at work" translate to actual annual carry distributions? Heidrick & Struggles 2018 survey mentions that they calculate "carry dollars at work" based on stated assumptions and expected returns, then they provide percentiles and mean figures for carry broken down by AUM for "all ...

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+2
Info On CSC Generation Associate Interview

lilboosie

Has anyone gone through the interview process for CSC Generation? Would like to see if anyone could provide me any color around what the interview process looks like and what kind of candidates they're looking for. Also, would like to learn more about the actual role itself from anyone who has done...

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Which laptops do megafunds issue?

mushy

Hi all, kind of a silly topic but which laptops do MF give to its employees? Background: GS/MS/JPM IBD Analyst to Associate (didn't do the 2+2 but stuck with my firm as I wanted to finish a specific project) Joining: KKR/BX/Carlyle/Apollo/TPG My current firm issues Dell laptops which I rarely us...

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Cannabis Valuation

Endofanera

Sending a feeler out to the WSO community to see if anyone has experience across Cannabis valuations in today's market. Did a quick search but appears most threads are 5+ years old and the industry is completely different now and changing rapidly. Would be great to hear from other monkeys involved i...

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Tech PE Interview

harvestmoon

Hi folks! I was invited for an interview for an Associate position with a PE firm focused on growth capital investments in tech (70% software, 30% hardware) companies in northern europe. I am no expert in the tech space esp in europe but have had some exposure to fintech in emerging markets. Any...

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+5
Why are PE funds, who are usually quite pragmatic/opportunistic about investing and businesses, so rigid in their recruiting?

angrybanana

This whole idea that you have to have done pre-MBA banking to get into PE or that you have to have done XYZ etc... just sounds so rigid to me when you're in the business of identifying imperfect companies (but where you see opportunity) and making money off of buying and improving them. Hedge funds...

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Best Books / Guides on Deal Structuring for Private Placements

Cdeag

Hi all - I am looking to expand my knowledge on legal documentation structuring and would appreciate suggestions on books / guides that get in depth on the different sections / highlight the important points of the the different legal documents for equity (shareholders and subscription agreements, e...

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Becoming a FINRA member firm

wsoNYC_1

Does anyone here have experience attending a FINRA interview to become a member firm? What is needed? Thanks!...

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Equis

Kh3ats

Hi, Is anyone here familiar with Equis? Curious about their culture, comp & work intensity. Reading conflicting reports. Appreciate any insights on this name Thank you! ...

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+6
Energy PE Recruiting

throwawayaccount1098248

Can anyone give some insight on Energy PE Associate recruiting and the tops funds that operate in the energy space? Not specifically oil and gas, but any general insight is appreciated. Also curious to how the pay differs from corporate PE and if there’s any differences in recruiting for energy PE...

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Valuing a small privately held services company

Dragon-Ash

As the title says. Have a request from a family member to value a small services business; one of the company owners is looking to sell a stake. I have solid accounting knowledge and experience with valuing publicly trading companies but no experience with small privately held companies. Prefer help...

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Integrated forestry business valuation

Mansa_Moussa

Guys, How would you approach valuing an integrated forestry business? The business has got timberland as well as a number of saw mills. I'm thinking of using a "hybrid" approach, valuing the timberland using a version of DCF and the saw mill operations using market multiples. Problem is, getting c...

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Associate Title

Evianstone

I've seen a couple PE firms with post-IB positions being called "analysts". They don't have true analysts and these people function as associates. But I was wondering if this was a red flag as in they may pay below market or have the analysts do mostly cold calling. May be thinking too much into th...

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Modeling Test: Option Pool Question

CEEBanker

Hi All- I’ve been working through some of the WSO LBO modeling tests from the PE guide. My question relates to the Basic LBO 2 model and the option pool. There is a dividend recap at the end of year 3 and the sponsor exits in year 7. A management option pool is exercised on exit. The formula for ...

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Early-Mid 20's, ECM, CAD, Passed CFA Level 1 - Is it worth finishing my CFA to help get into PE?

AspiringPEVC

Hey All, First of all, apologies for posting in this forum again but I have a somewhat more defined question to ask. I've done my research and have seen all the posts saying that the CFA is more geared towards the public landscape as opposed to anything dealing with private markets. However, I've a...

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Private Debt vs High Yield Credit Fund for PE Transition

BobbyDoucher

Alright, so I know neither of the above is ideal, or likely... but given the choice between the two, which would better position you for attempting to move into private equity without an IB background? I went straight into a hedge fund out of school and have been there for just over a year now. We ...

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Evaluating Strategic Routes to MM PE

burner69

*deleted...............................................m.................................. ..mm....... ...

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How do I make partner in VC without starting an 10 figure company?

Nickh

I am very interested in the venture capital field and I have talked to a few partners at big firms like Sequoia, Khosla ventures, and Lightspeed partners. All the partners that I met were C suite executives of a startup that reached a billion dollar valuation; that the VC funded. And they got picked...

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Oaktree Summer 2019 Infrastructure Investing Internship

LeveragedBlackouts

Oaktree recently posted a job opening on LinkedIn for 1-2 Summer 2019 internship spots on the Infrastructure Investing team. Job description stated it was targeting individuals graduating in 2020/2021. I'm assuming this is more geared towards sophomores and was wondering if anyone had any knowledge ...

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Growth equity - modeling convention

newkid2019

Hi guys: I was wondering if someone could comment on modeling convention on the job for growth equity please? (I've only reviewed growth equity examples from breaking into wallstreet, so not sure how it is on the job). It seems that, many growth equity businesses could be in post-revenue, pre-posit...

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Looking for a Leasing Model Template

JordanCompounder45

Hi Fellow Monkeys, I'm trying to analyze a company that leases equipment and was wondering if anyone has a leasing model template that I can use as a starting point. Thanks, MJ45...

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+4
Lateral to the TOP IB GROUP(NY) or PE arm of BB, best path to Mega Fund?

camelcrush

Hello WSO community- I work at a very reputable tech IB shop on West Coast (think MS menlo, CS tech, Qatalyst , BAML sponsors, JPM SF). I went through on-cycle this year but couldnt get any MF in NY interviews (maybe because I was in WC). My goal is to eventually work at a MF in NY. I have two of...

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+1
How to Join Webinar...

lebron-fan

I just purchased the PE resume webinar that starts in 15 minutes. How do I join it now...................

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+4
Defer PE Recruiting Until Second-Year?

j w t

It's no secret that on-cycle PE recruiting has shifted to be dramatically early (the cycle kicked off late-October most recently if I'm not mistaken), and this trend is likely to continue for the near future. As a result of the unexpectedly early start date for recruiting this past year, a lot of fi...

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+5
How to break into PE Portfolio Operations from Consulting?

jlr214

Hi All, I am currently a Manager in Management Consulting at a Big 4 focusing on intelligent automation and technology but have experience in strategy roles. I have deep experience in life sciences and would like to learn more about how to break into a PE Portfolio Ops role(think KKR Capstone). Cur...

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+2
Family Office Analysts

Thales777

Interested in discussing experience of junior analysts in family offices. I am starting 3rd year as analyst for single family office, working directly with principals. No banking or institutional experience, legal background. No industry or asset class focus. Anyone else in a similar role / position...

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Smaller PE/VC Fund --> ??!?

throaway92

PE/VC as an asset class has exploded in size over the past several years, and there are a lot of young and/or unproven funds in the market. I thought this style of question might be of interest to others who are in the same boat or may face a similar decision down the road. **Background** - Sr. A...

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What are the PE funds that genuinely care about operating experience?

angrybanana

And by that I don't mean consulting or the like. I mean somebody who has actually worked inside a company alongside the exec team, led projects, raised capital for the business, etc. I have a mix of both M&A experience early in my career and operating experience thereafter but the path into PE see...

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[Help] Aspiring PE/VC analyst/associate - coming from an ECM background

AspiringPEVC

Hey All, Hope everyone is having a great day. Without making my story too long, I'm someone who's worked in an ECM role for the past year and am looking to make a change at some point in the not-too-distant future. I've been passionate about the PE/VC space for years now and I'm more than willing to...

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+1
Bain Capital Credit / Sankaty

CashFlowz

Hey guys. Quick Q. I know years ago Amity repped Sankaty, but is that still the case? Or did they jump with Ratio? Or to someone new?...

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+25
Romance my way into PE?

Armhoo1

When we talk about hustle, usually that means extreme networking or something. In my case, I recently met a second year associate at mega fund in NYC. I know she's single, and was the first to text me about something random. Quite frankly, the topic of conversation sounded more like an excuse to ini...

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Post MBA IB Associate -->> PE?

dipndunk

Is this a possible track? Thinking about doing an MBA to get to banking to get to PE. Is this a waste of time?...

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Differences between traditional MFs (KKR, BX etc.) vs large operational funds (BainCap, H&F, Advent etc.)

PEPlaceholder

Hi guys, I am trying to better understand the practical differences between working at one of the traditional MFs favoring people with finance backgrounds (KKR, Blackstone, Apollo, Carlyle etc.) versus the large but more operationally focused firms which also take consultants (BainCap, H&F, Advent ...

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Associate Resume

curious_monkey

I've seen lots of examples of bankings resumes as people try to break into PE but does anyone have an example or tips of how to put PE associate experience on a resume for lateral/sr. associate recruiting opportunities?...

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Goldman Sachs Private Equity Group (AIMS) Interview

Jacob-Costello

Hello, Does anyone have insight on the interview process for lateral analyst hires? Case study/model? Anything is helpful...

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JC2 Ventures - Does anyone have experience / information on them?

FinancelsWacc

Hey Monkeys, Wondering if anyone has worked with / interviewed for JC2 ventures, John Chamber's VC / PE company that seems to focus primarily on a niche tech sector focused on the IoT and Disruptive tech in emerging markets. What "rank" would this have in the PE and VC space (I don't give a shit a...

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Thoughts on Permira?

jo1421

There doesn't seem to be much info on Permira here. Any thoughts on culture, deal flow, senior members, reputation, comp for the American office (either NY or Menlo)? I know they have a strong presence in Europe and have done some interesting deals there, but am curious about what people have heard ...

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+1
Rx Consulting to PE

fitzmagic

Has anyone made the jump or know someone who made the jump from a top Rx Consulting firm (think A&M, Alix Partners, etc.) to PE? If so how were the barriers to entry ? What are the skills that are transferable and what are the skills that a Rx Consultant might be missing ?...

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+6
Making the most out of conferences (professional and student)

CHECK6

All, Attending a student PE conference in the coming months and was wondering from a professional's point of view what should students be doing to make the most out of these? Usually, at student conferences I see professionals swarmed by sweaty students thirsty for attention, who only brag about th...

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Asia IBD to Asia PE - Good idea or not?

Tobuysideornot

Fellow monkeys, Just would like to seek a second opinion from some of the more experienced monkeys in the forum given that this is more from an Asia context... Currently an associate at a BB and recently received an offer to join one of the PE MFs. On a total comp basis, the PE MF pays 50-80% mo...

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+25
Favorite Private Equity Plays?

m_1

What are some of your favorites? Always thought [this one](https://foragerfunds.com/news/dick-smith-is-the-greatest-private-equity-heist-of-all-time/) was fairly clever. ...

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Interview question - how do you price a middle market loan?

you_get_the_dream

A friend of mine got an interview question - how do you price a middle market loan? What's the spread and pricing? What do you think it will trade at? I am wondering how to answer this question. Can someone in the field give an example please?...

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Distressed Investing to Growth Equity

bananabanker978

Is it possible to make this transition? I’ve seen distressed investors move over to the credit arms of some GE firms like Summit but is it possible to move over to the growth fund from distressed PE/HF or are they just too unrelated? Thanks....

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Sub $100 VC / Growth Equity Research

wso5305

Hi all, ISO of data or a research report on hurdle rates for micro-cap VC / PE funds within the US. Would love any recommendations or links. Felt like I've looked everywhere online and can't seem to get any good info without having to pay for it. ...

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Is growth equity a subset of PE?

jhemming2020

Hoping to get into buyout PE down the road and was updating my LinkedIn. One of my internships was at a multi-billion firm that primarily does growth equity but also has done the occasional LBO when it fits their investment mandate. Is it technically incorrect/poorly perceived to describe this as "p...

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+1
The Sterling Group Houston

BankingAnalyst101

Anyone have insight into Sterling Group in Houston? Had a HH ping me about an opportunity with them but having a tough time finding any information on them. Surprising considering they were founded in the 80s. Much appreciated!...

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Distressed Debt Analysis by Stephen Moyer

m87

Does anyone have a PDF copy of 'Distressed Debt Analysis' by Stephen Moyer? If so, would you mind sharing a copy with me? ...

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+1
Best Family Offices?

jimpix

Hi, Can anyone provide some color on some of the well regarded private equity family offices? I'm mostly interested in those that focus on PE/Growth/VC and not public equities, and those that hire post-banking associates. Thanks!...

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InvestIndustrial

Trinidad

Does anyone have info on InvestIndustrial or has gone through their process? Heard they do a 6-7 hour modeling test? Would love any insight on them...

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Insight into Private Funds Group

chirmurri

Can anyone provide more insight into the Private Funds Group at the likes of UBS/CS etc? Understand it is mainly in a fund raising capacity, though CS seems to have now set up a direct investments arm within their PFG. How should one prepare for a PFG interview? What kind of technicals can be aske...

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Growth Equity salary? -- $1-2B in AUM

Pho bamba

Starting in solid BB group in SF that sends to megafunds in July, obviously thinking about exits a little bit. I think PE is awesome, but starting to think about growth equity more. There is one shop in particular I'm thinking about that has been raising oversubscribed $500M growth funds, with proba...

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MBA - Better Odds As BB IB Associate Or LMM/MM PE Associate?

fkumonkey

Are the odds of getting into a top MBA program better as an Associate at a Bulge Bracket bank in NY? Or an associate at a LMM/MM private equity firm (say ...

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