PE Model test for Growth shops

I was wondering for most Growth PE funds, is the LBO standard 1 pager model all you need to know? Would it be better to just know a full operating model and build that from scratch instead?

I know megafunds and buyout shop cases but not so much growth equity cases.

Can anyone share their experiences?

Thanks

 

I did Summit & got an offer back in the day. Modeling was not a key point but they did make us do a case study (powerpoint) and there was a model output page.

Most kids half-assed it but basically just create a simple model based on the company they give you but focus on the investment thesis. You shouldn't worry since it's not going to be a live-test and you'll have a few days/week to do a simple output model. Some kids plugged that shit into a banking template at work. Being good at the cold call portion is more important.

 

Are most growth equity shops that cold call dependent? I ask because the headhunter I met with did not mention any cold calling. job is credit analyst title with duties including modeling/analysis of potential investments as well as monitoring current investments. Does that sound like the type of position that is sourcing dependent?

 

Oh ok. SanityCheck pretty much summed it up then.

But the cold-calling component is much more important. Unless they give you a specific case to work on, I'd spend a good amount of time learning about cold-calling and what the most pointed questions to ask a given business might be.

Career Advancement Opportunities

March 2024 Private Equity

  • The Riverside Company 99.5%
  • Warburg Pincus 99.0%
  • Blackstone Group 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

March 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

March 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

March 2024 Private Equity

  • Principal (9) $653
  • Director/MD (21) $586
  • Vice President (92) $362
  • 3rd+ Year Associate (89) $280
  • 2nd Year Associate (204) $268
  • 1st Year Associate (386) $229
  • 3rd+ Year Analyst (28) $157
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (246) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (313) $59
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”