Silver BananaNew TopicsReplies
+2
LA vs. NY money wise

SaraTCM

I'm a hs student in Cali. I want to work in IB and maybe PE but I have trouble deciding where I want to go to school. I love Cali but I'm wondering if I would make more money in NY than in LA. (I've decided money doesn't follow me so I'm gonna have to follow it). I have a feeling it will be NY but I...

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+1
U.S., Europe, and Asian multiples for tech startups

zennan

Hello everyone, I am working on some project and was wondering if you guys know what the general multiples for AI or tech startups is currently at for the startup industry? I would love it if anyone knows segmented by geography (e.g. Americas/U.S., Europe, Asia...) Thanks monkeys!...

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+2
MF Direct Lending to MF PE

Cabepusher-9999

Has anyone ever seen someone move from doing Direct Lending at a MF to PE at another MF/UMM fund? Realize it's a lot harder than you think to make the switch, just trying to get a feel on how difficult it is. Thanks....

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Help - Private Credit Associate Interview - What questions to expect and how to prepare for it?

you_get_the_dream

Hello Guys! I have an upcoming interview for a Private Credit Associate position. Any advice on what questions to expect? I was told that there will be technical questions and a case study/modeling. What are some good resources to help prepare for it? Many thanks!...

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+2
How to prepare for infrastructure private equity internship?

calistudent

First internshp, joining a boutique infrastructure PE firm for the summer. No real finance experience to speak of. Was wondering what the best way to prepare is? Specifically how to model infra assets Thanks...

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+1
Private Equity vs Venture Capital

sangon

Hello everyone, I live in a emergent country with high growth expectation and i was a intern for 1 year in a top-tier IB boutique. I just finished my university and received two analyst job offers from the biggest national PE fund of my country and from the biggest national VC fund of my country....

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Why does PE require an MBA? Wouldn’t it require you to halt your life if you started working then left for 2 years to get MBA?

bugssi

In banking you can be promoted to an analyst from within and an MBA is no longer necessary. However, in PE you need an MBA it seems no matter the experience. Why is this the case? You’d have minimal income for 2 years while you pursue an MBA, am I wrong? Please enlighten me as I am not super know...

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+1
Thoughts on H.I.G. Capital (NYC)?

chels0192

Last thread on the fund was a few years back, does anyone have updated insights on HIG PE in NYC? Thanks in advance....

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Main Post Partners

Broseidon1

How is the reputation of Main Post Partners ? Senior guys look like they have a strong background. Curious how the MBA placement will be....

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+1
LMM Growth Equity Preparation

wso5305

Recently accepted a spring internship at a small growth equity shop, I'm really excited about the opportunity and I was wondering if anyone has recommendations for reading material ahead of my start date. Books, news sources, etc. ...

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+1
What sort of Case Study to expect from MM/LMM FO focusing on Growth Equity & Debt Capital?

moneytrail

As title suggests - in interview process with a (L)MM FO focusing on Growth Equity & Debt Capital. Was wondering what sort of case study to potentially expect? Since i dont expect them to be doing leveraged buy outs presumably LBO will be out of question unless its a Paper LBO type all equity transa...

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+1
option to purchase

choubix

Hi guys, We are looking at making an investment in a promising company which could become quite strategic for us in the future. At the moment we are looking at making an equity investment and we could consider an option to purchase. Where could I get some information on how to price & structure th...

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+1
Master Thesis - Reasearch

Rorshak21

Hi everyone! I am turning to you guys today because as a last year student in a target business school in France, I have to redact a thesis to finish my Master. I have been interning for more than a year in finance (French system of gap year) doing M&A in France, PE in London and finally M&A as a ...

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+4
Owl Rock Capital?

Buyside Monkey34

Does anyone have any insight into Owl Rock Capital? I know it’s a private credit shop founded by former GSO Capital, KKR, and Goldman Sachs partners, but if anyone could shed some light on reputation/comp/hours/culture, would be very much appreciated. Thanks!...

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+1
Private Equity LP marketing list for sale

pantera1978

PE placement agent looking to assist others in raising capital. Looking to sell my global LP list. Investors include 4,000 endowments, foundations, pensions, insurance, family offices, multifamily offices, sovereign wealth, RIA's and HNWs. These LPs have invested in VC, Growth, Debt, and Buyout....

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+3
Legals in PE

GoodwillHunt1ng

Long-time reader, first time poster. I'm an analyst at an MM PE shop in London, current fund c£500m. Enjoying the job and all going well but have noticed that a particular weaknesses is my knowlegde of the relevant legals around transactions. This is tough to learn on the job as the only exposure ...

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+1
Working for a Job Title

ThatOtherGuy

Would like to get people's thoughts on this. My work allows me to work closely with a number of our portfolio companies and for those that don't have dedicated finance functions, I can see myself working up to CFO-level responsibilities or at very least to a strategic finance capacity. If I were to ...

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+1
Israeli Growth Equity intern vs. U.S. Venture Capital intern??

Zen.Monkeys

Hello everyone, I recently received offers for a summer internship from an Israeli Growth Equity firm ($1bln - $4bln AUM) and a small venture capital firm in my local city in the U.S. ($400mil - $600mil AUM). Not quite sure which one to take or will provide me a better opportunity in the future? ...

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+1
....please delete.....

iamaninnovator9353421

The quick brown fox jumps over the lazy dog. The quick brown fox jumps over the lazy dog. The quick brown fox jumps over the lazy dog. The quick brown fox jumps over the lazy dog. The quick brown fox jumps over the lazy dog....

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+9
Moving to Buy-Side in a Recessionary Environment

BullMarket23

IB analyst thinking about next steps in my career and move to buy-side. Given we're on the verge of entering a recession, are there certain PE/HF investment strategies that people expect to fare better than others? Would love to get peoples thoughts. - Is it a good time to enter PE since so many fu...

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+12
BlackRock Raising a $10-$20bn direct PE investment fund, “Long Term Private Capital”

Did I get ghosted

Has anybody heard about this group? They’re raising a $10-$20bn fund and I’m interested to hear any news or gossip that fellow monkeys may have...

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+26
AMA: 2nd year BA/A/AC at MBB going to UMM/MF in 2020

embeebee

Graduated from a non-target university and joined MBB at a mid-size office. Just signed a UMM/MF PE offer during 2020 on cycle. Feel free to ask me anything related to experience at MBB, PE recruitment, etc. ...

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+2
Portfolio Ops in a PE firm?

skullbasher137

Hi all, recruiter reached out about a tech strat role in portfolio ops at a major PE firm. I'm from a tech consulting background, and it seems very interesting to me (I like being operational and want to learn how to run companies). Any thoughts on this type of role and its progression? Thanks!...

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+3
Main Post Partners Job Posting

hdittman

Main Post Partners, a consumer-focused growth equity firm, is seeking an Analyst to join its investment team in early 2019. Firm Overview Main Post Partners is a San Francisco-based private equity firm with deep experience investing in growth companies across the consumer value chain. In November ...

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+1
P and C Insurance / Transformational Chief Informaition Officer

Stitmoc

Are there private equity firms, focused on insurance, who need deep Transformatioal technology leadership to support their work and portfolios?...

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+1
Estimating working capital for a company on cash basis accounting

BEEFSECTIONAL

I just started a role in corp dev for a firm that owns/operates medical practices. Almost all of the targets we look at are on cash basis accounting so we have to estimate seller working capital. Since there is no AR/AP on cash basis balance sheets, we typically estimate AR by asking the seller how ...

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+1
Alternative Data in Private Equity

canada_money

I am curious to hear to what extent PE funds are making use of alternative data, or how firms are using analytics in their due diligence process? Given the role that increased data, analytics, etc. is playing in the rest of the finance industry, has this trickled into PE as well?...

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+1
IPO vs M&A in a Private Equity Exit

turkishbanker

Hello everyone, I have read that an IPO exit usually yields higher returns compared to an M&A exit for a private equity firm. Does anyone know the reasoning behind this? Thanks!...

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Growth equity straight out of undergrad vs BB TMT

Keepingitreal

What are your thoughts on joining a top Growth equity shop out of undergrad (20B+) AUM vs joining a top group for TMT banking, straight form undergrad top target? Thanks...

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+1
Capital One or small PE

juliehe1

Hi, son is a junior. He has two intern options right now. Capital one corporate finance and a PE startup with 15 people. Can any one tell me which one will have bigger earning potential down the road? Right now the starting is 85k~ vs 50k+25k bonus. Honestly son is not the type that can climb the...

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+1
Help a High schooler out Please

SaraTCM

I'm a hs junior who was recently told by a school career test I'm a good match for a career in IB or PE. I know next to nothing about it, but the job descriptions sound really interesting (and so does the salary). I'm planning on going to USC for business anyway and I would really like to explore th...

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+1
IB Coverage to Distressed Shops?

sj592

Hey guys, I'm joining a traditional BB industry group after graduation. I want to recruit for distressed shops such as Oaktree, APO, and the likes as I am more interested in these strategies than vanilla PE. I understand these teams recruit from Rx and generalist IB groups. What's the best way to po...

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+4
Questions to ask during interview for new fund

slothsloth

Hey everyone, so I am currently interviewing at a newly formed fund. Made it past HR and case study round and am now going to meet the VP of the team. What questions should I ask this person to make sure the fund is legit? Some that I have thought of: - Who are your institutional backers? - What is...

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+15
Funniest EBITDA adjustment... Go

dino3253

Pro-forma run-rate bank NTM EBITDA - included a ramping unit adjustment and weather adjustment Any others?...

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+1
Maximum exposure/ overcommitment

namo9922gmail.com

Hello everybody, just a short question: Why is the maximum exposure of most private equity funds only around 60-90%? I can see the use of overcommitment in order to maximise the exposed capital, but besides some "security" aspects these low rates of maximum exposure don´t make sense to me. I know ...

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+1
Strategic Advisors on Deals

thibautl

Hi all, I was wondering as a junior pe analyst, how do you generally go about searching for relevant strategic advisors for a given industry? Other than searching for advisors on precedent transactions on MergerMarket and CapitalIQ, are there any more reliable sources out there which are more cons...

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+1
VC commitment to the fund

Diana-Vivaldi

I am a senior employee at a VC firm, but not a GP, and I am being asked to contribute to the GP commitment into the new fund. I get ~2% of the carry in the new fund, and I am asked to contribute ~1% of the GP commitment "to create alignment". I believe in the firm, but I’d rather not have my res...

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+1
Got promotion to Senior Associate at a growth equity firm - should I stay or leave?

SushiShop

Recently got the promotion to Sr. Associate (at my 2-year mark) at tech-focused growth equity shop with less than 5 investment team members, and we are about to start raising a new ~$125mm fund (meaningfully larger than our first fund). The raise they gave me was only modest as we are capital const...

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+2
Really?? Carried Interest Offer in Top-Heavy $30m VC Fund

jwwilson11

Just got an offer to join a $30m venture fund as a VP with 1% carry. The problem: GP carry allocations are distributed among to the two "founders" of the fund, which are only involved lightly-- no day to day sourcing or evaluation-- mostly just a voice in the investment committee. The main GP ...

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+3
I have a SA phone interview with a PE firm (BX/KKR/Apollo) for Real Estate

goldsjp

I have a phone interview for a summer analyst position with a PE firm (think of BX/KKR/Apollo) for Real Estate, does anyone have any tips on how to prepare for the interview? I'm a sophomore from a non-target. ...

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+5
Small PE FoF / Co-Invest vs. Large PE FoF

chezparadise

Hi all, Would appreciate people’s thoughts on these two great opportunities that have offered me positions as Analyst / Sr Analyst 1) ~5Bn AUM PE FoF strategy, with 40-50% co-investments, with primarily FO and sovereign capital. Great small team of talented individuals (ivy undergrad and/or HBS)...

5
+1
What should be my job strategy here?

Binary_Noise

I'm a Senior at a moderately large but highly ranked state school (still a non-target I think). In the long term I would like to work within PE or at a Hedge Fund. I just received an offer from a very small (...

2
+20
Are we in a new Family Office bubble?

Bullet-Tooth Tony

Maybe I'm just cynical, but at my MM, we have rarely seen family offices compete for deals in auctions and it seems there are more and more being formed weekly, if not daily. I'm astounded at how much capital is now going into the market to try and compete with traditional PE and strategics, particu...

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+1
Fengate (real asset PE)

CU04

Hi guys: Has anyone crossed path /know anything about Fengate (real asset PE shop based in Canada) please? I've read their website but curious on any inputs on culture, how it's like to work there, etc. Thank you...

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+1
Sovereign Fund Returns - Hypothetical

InquisitiveGuy622

Hypothetically, if I were looking to raise and receive $1 billion+ of money from a sovereign fund for a 5-year or 10-year duration for a portfolio of loans backed by double AA rated companies with 100+ years of creditworthiness, where I created a platform to lend out money and collect interest in ad...

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+2
Small-Cap PE Analyst vs MM IB

MoneyMakerIB97

Hi, what do you guys think about an analyst position at a smallcap PE firm (...

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+5
Which is more important: IRR vs. MOIC

Davis97

Hey everyone, university student here. I recently spoke about investment strategy with an alum at a fairly well-known PE firm. When discussing returns analysis, he said that in most cases his firm cares about MOIC more so than IRR. Maybe I'm taking an academic approach, but I would think IRR is more...

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+1
What materials did you use for PE recruiting?

sj592

What materials do most analysts on the street use? Should I buy the WSO course or are there any others out there?...

1
0
Variner?

justphresh

Hi All, I just got another recruiting email for PE from a "boutique" by the name of "Variner." Has anyone heard of them and what are your experiences? Also, is it even worth speaking with any of these recruiters unless they're one of the verifiably good ones that people know about? Thanks!...

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+3
Bored of PE, what next?

peburner2018

Hi all, Posting under a burner account. Basically have been working in PE for the past 3 years or so, started at a small fund which has grown decently over the past few years. We're still small, ~$500AUM, but good performance from early funds, good LPs, and line of sight to at least a few more fund...

4
+1
Golden Gate Capital in San Francisco ?

tomford1982

anybody has any insights on golden gate capital in san francisco ? comps, exit opps ,culture and etc. Thanks!...

1
+2
PE Analyst Secondaries -> Direct Investing PE Associate

Chicago60007

Hey everyone, Wanted to get opinions on moving from PE secondaries to direct investing. I am interviewing for a 2 year role for a PE analyst for MM secondaries market at a well-known brand. I was wondering coming out of this, will I be able to recruit for direct investing PE associate roles with ad...

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Thoughts on PE Analyst -> PE Associate Track?

sffinance321

I'm currently a second year analyst and an opportunity for a PE shop has come up where I could potentially join as an analyst. I would be giving up my bonus but this will let me explore something completely different and a lot more interesting on the buy-side. One caveat is that this position is hea...

3
+16
Two-Year Sabbatical/Break from PE

spinyourwheels

I’m a Senior Associate at a MM PE fund in my mid-20s. I enjoy what I do, but want to try something different. I’ve had an entrepreneurship bug as far back as I can remember, so this would be the most logical place to jump, for me. Chances are I’ll fail. I’m quite realistic about the probab...

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Deals - What to look for

JGoodfellow17

All, I am new to the PE space and am an analyst while working through my MBA program. As I work in a small PE firm, our team here is extremely busy and I would prefer to not to have to be asking questions ALL of the time. When we receive potential deals, typically it's some type of PowerPoint/PDF...

1
+1
Finding early to mid stage fundraising roles for pre IPO companies.

bobste

Hello, I am interested in finding companies looking for private placements fundraising. It doesnt have to be only early stage. My main focus is finding good companies with equity compensation that will value from my network. If there is a tech site or forum where this is more commonly discussed, I ...

1
+2
Credit PE vs. traditional PE

VMC16

I'm currently working at a traditional PE firm, and was reached out by headhunters on a few opportunities regarding the private investing arm of credit/special situations firm focused on distressed long-only PE and special situations lending. I didn't find much information on credit PE funds, so w...

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+1
Atlas Holdings in CT

cglav

Have not been able to find much on these guys despite considerable growth in recent years. I believe the current fund is 3 billion, located in Greenwich. Can anyone provide insight on the Field Analyst program & recruiting process? Culture? Etc. ...

1
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Favorite Distressed LMM Plays

m_1

Can I get some case studies/examples of everyone's favorite distressed lower middle market plays? Bonus points for anything in consumer. ...

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+1
Questions to PE recruiters?

CU04

Hi, I was wondering if there are any PE recruiters / headhunters on the forums please? I came from an unconventional background but have relevant industry experience (but not straight 2+2). In this case, what experience can I gain to make myself a more credible candidate? I'd really appreciate a cha...

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