Project Finance to Private Equity
Can somebody please advise the probability of going from Project Finance (Energy/Infrastructure) to Private Equity ?
Can somebody please advise the probability of going from Project Finance (Energy/Infrastructure) to Private Equity ?
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Hi fleur4567, the silence is deafening, sorry about that.... Any of the threads below helpful?
Private Equity Forum ... .com/forums/private-equity-interview-questions-a-complete-guide">PE ...
No promises, but maybe one of our professional members will share their wisdom: @Martillo9" @BigHorn10" Sbendix
I hope those threads give you a bit more insight.
No worries. I am a newbie and may have missed some of the past conversations. Thank you so much for your help. I will look through the links.
When you say going to private equity, what are you referring to? There are a lot of buyside infrastructure opportunities that would give you looks coming from PF.
I have an extensive background in Energy / Infrastructure project management, and also just completed my MBA. I am looking to get into PE. Since, I am not your typical candidate (lots of years of experience), I am exploring the idea of getting into project finance ( which might be a possibility, given the few enquirers I have received) and then get into PE. While, I would be like to be industry agnostic, I am trying to using my Oil and Gas experience to get a foot in the door. The reason for the above question, is that in project finance its mostly requires raising debt, and unlike investment banking, there is very little exposure to raising equity, and also the type of valuation and modelling skills may be different. Hence, my concern about whether I will be able to transition into PE from project finance. Any input would be greatly appreciated. Thanks in advance.
I think what losing interest was referring to was the different between PF and Infrastructure PE, which is on the equity side. Because they are in the same industry, I don't imagine the modelling to be that different.
PE Infra is project finance (except secondary market where it is easier as in just regular M&A aka DCF/multiple valuation type, but you do manage the asset so there is a strategic angle to take.
It is the same modelling with very few variances. PF skills will be very useful for greenfield infra type or for brownfield with intensive capex period to be financed by debt.
There’s a little bit more input driven modeling with scenarios to a typical m&a corporate. That said people mentioned this already there’s infra funds, look at Apollo or others. Any traditional PE you’ll have to get lucky and get an interview, to which you’ll have to demonstrate your research of the corporate process and kill the modeling test. It’s possible.
That is why I say that PF is actually more complex and in line with infra PE than an M&A background. Drivers a key in infra PE.
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