Secondaries Model
Hi all - does anyone on here have an example of a LP-led Secondaries model that they would be willing to share? Feel free to DM.
I've had a thorough search and there's a remarkable scarcity of these kinds of materials online. While I understand why this might be the case (proprietary etc), it's still surprising an enterprising individual hasn't prepared an example model / course (at least that I can find).
I've prepared a couple of LP-led models now using helpful insights from kind people on this forum and elsewhere, but I'm really keen to see what best practice looks like if possible.
I'm specifically interested in LP-leds given there's plenty of available resources on GP-leds / SACV modelling.
Sincerely, Kenneth
Bump, even a youtube video that dives deep into a mock model would be helpful to see how they model.
Bump too
At a basic level its layed out like this:
Asset level mini LBO (depth dependant on information available) -> aggregate into Fund level Model with a waterfall (principle repayment, 8% pref, 50/100% catchup, 20% carry or deal-by-deal) -> aggregate net to LPs returns in roll-up which are gross returns to the buyer. From there you can do any structuring (deffered, leverage, earnout) you want.
Any resources you could share by chance?
Any resources you can share by chance?
Hic vero dicta aliquam quia. Ut excepturi natus doloribus quidem nam. Numquam culpa dolor consequatur culpa dolores nihil. Quia minima eum sint voluptatem vel in.
Dolores consequatur omnis fugit in qui id architecto. Hic et et eos dolorem eos quas. Autem dolores odit aut. Cum reiciendis omnis dignissimos excepturi temporibus.
Amet rerum dolores quos optio sed inventore labore. Quaerat tempora eos laudantium maxime minus vel alias. Aspernatur tempore ab dignissimos autem perspiciatis pariatur nesciunt animi. Blanditiis labore quod nisi voluptatum adipisci.
Ea sapiente id ut odit expedita recusandae illum. Dicta sunt voluptas dolorum rerum doloribus unde. Ipsa quo et sit fugiat aliquid soluta. Maiores temporibus et esse et. Perspiciatis minima magni dicta provident officia temporibus nulla.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...