PE Secondary Advisory modelling?
I’m applying for a PE secondary advisory role at a placement agent. They advise on both GP and LP led deals. The job description states that the role will involve a significant amount of financial modelling and wondered if anyone could confirm what type of modelling it will involve?
For your reference, here are the responsibilities the job spec states:
- building complex financial models
- performing cash flow analysis including waterfalls
What specifics do you think this means? thanks.
If you're working on a single asset GP-led, the models that the brokers/bankers provide and have ownership over are full blown operating models.
Exactly as m8 said, full-blown operating models with a GP/LP IRR and MOIC calculation on top (which is the waterfall being referred to).
Correct, sorry forgot to add that. Full blown operating model with single asset SPV economics on top. Potential follow-on capital for future M&A also included.
Thank you do you know of any practice models I can look at that might be similar to this?
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