Apr 28, 2022

Secondaries Modelling?

Hey guys I'm interviewing with some secondaries shops, and I'm not too sure what modelling looks like for these funds. If anyone can explain a bit or send an example, that would be much appreciated.

Just wanted to get a sense of what to speak to along with prepping for a case interview.

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4 Comments

franco

Generally,

a set of assets that you need to forecast expected return and timing of exit. Focus on those assets that represent most of the portfolio value

contribution commitments you are stepping into. You need to make an assumption on the new investment returns as well.

discount to NAV that is your buy in price

The cash flows from all of the above will give you an IRR. You can reduce the discount to NAV until you reach your target return.

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Authored by: Certified Private Equity Professional - PrincipalCertified Private Equity Pro

IB_assoc2

8mo

Anyone have GP / ACV case or model?

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Market Approach Valuation Formula

Intern in IB - Gen

8mo

Dude really wants this GP case

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8mo

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Secondaries Modelling?

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