Silver BananaTopicReplies
+635% Salary Cut for Career Change

lagondavantage

Hi, I am an analyst in <abbr title="Sales and Trading">S&T</abbr> having worked for 1.5 years as a graduate analyst. I am really keen on investments. Having worked in markets in a sales role, it has provided me with opportunities to learn about the big picture and...

16
+6Private Equity Recruiting Walkthrough – My Experience

embeebee

I’m 6 weeks removed from receiving an offer at a UMM/<abbr title="megafund">MF</abbr> – it was truly a thrilling experience. Now that I’m back into the swing of things at work, I thought I’d give back to the <abbr title="Wall Street...

14
+4VP Carry

MOICMarathoner

Promoted late in fund cycle from Senior Associate to VP - had a small portion of carry at that role but biggest adjustment was to salary. The GP is 6 people (1 founder, 3 principals/MDs, 2 VPs). Assuming a $300m fund, what would one expect VP carry to be?

12
+3LMM PE compensation, recruiting and port co. work

TouchedbyYou

What can one expect when transitioning to a LMM fund in terms of hands on port co work, hours, current valuation environment, comp and the recruiting length and process?

10
+38 years old with no finance experience, too late to get into PE?

AllStateRap

Hi everyone. I go to a top feeder elementary school and hoping to get into <abbr title="middle market">MM</abbr> or hopefully <abbr title="megafund">MF</abbr> <abbr title="private equity">PE</abbr> down the line. I'm...

91
+3Independent/fundless sponsor and Family Office surge

Little Sheep

What is the wise <abbr title="Wall Street Oasis">WSO</abbr> community's thoughts on the rise of independent/fundless sponsors as well as uptick in Family Offices? Will this play out long term and fair well against a downturn vs traditional funds?

5
+3How does this make sense?

Armhoo1

Read this article on Bloomberg recently. https://www.bloomberg.com/news/articles/2019-01-04/leveraged-loan-investors-worry-good-times-will-soon-haunt-them Basically, lending standards are so loose right now that private equity sponsors can sell off collateral, or even isolate assets...

6
+3Levering as much debt in an LBO?

sffinance321

If you could lever up let's say hypothetically 99% in the capital structure of a potential target in an <abbr title="leveraged buyout">LBO</abbr>, would you do it? Why and why not? My guess is that yes, in concept the more debt you take on over your own equity, the...

7
+2Moving to Buy-Side in a Recessionary Environment

BullMarket23

<abbr title="investment banking">IB</abbr> analyst thinking about next steps in my career and move to buy-side. Given we're on the verge of entering a recession, are there certain <abbr title="private equity">PE</abbr>/<abbr title="hedge...

12
+2Why Direct when you can invest in Secondaries?

George Wonder

Why would anyone invest in a Direct <abbr title="private equity">PE</abbr> fund when you can invest in Secondaries? The reason I ask is because I've consistently seen Secondaries outperform Direct funds on an IRR-basis (thx j-curve mitigation). There also seems to be...

5
+2Trive Capital in Dallas?

onetimethrowaway2019

Anyone know anything about them? I saw some stuff about them in one of the Dallas threads and it seems like they've been very active lately. Input on culture, comp, recruiting etc. would be helpful, thanks.

3
+2How Important is Undergrad in On-Cycle PE Recruiting if in a Top Group

Number Crunching Warrior

Hi Everyone, I was wondering how important the school you went to for undergrad is in <abbr title="private equity">PE</abbr> recruiting, especially now since first year analysts have very little deal experience prior to interviews. Personally, I am not 100% sold on...

6
+2FIG Exit Opps for PE recruiting?

Underdog1995

Hi all, I recently started at a Middle Market bank working in the <abbr title="financial institutions group">FIG</abbr> group, working on Depositories to be specific. I am interested in recruiting for <abbr title="private equity">PE</abbr> but I...

2
+2Private Equity vs Megafund Credit

ironbanker06

Hi all, I've been looking for a thread on this topic and haven't seen one. I'm currently an analyst at a boutique, energy-focused <abbr title="investment banking">IB</abbr> , and am considering a move to either a megafund's credit team (think Ares,...

2
+2Is Booth or Kellogg worth it?

confusedaboutMBAforPE

Currently a 2nd year <abbr title="private equity">PE</abbr> associate at a <abbr title="middle market">MM</abbr> fund (~$3-5Bn AUM) recently heard back from <abbr title="Masters in Business Administration">MBA</abbr> schools....

6
+1Financial Modeling in PE?

Armhoo1

I'm looking to break into <abbr title="private equity">PE</abbr> in the next few months. My background is in <abbr title="middle market">MM</abbr> lending and some LevFin, however I didn't do much modeling. The bank I worked for had a...

1
+1PE Co-Investment Analysis

neil91

For people that do private equity co-investments alongside General Partners, what does your analysis tend to focus on? Do you tend to create your own models or are you modifying assumptions and casing the GP's model?

5
+1Building a book of institutional investors

bobste

If this is more inline with another forum please move it. I am wondering about the tactics to build a network of institutional investors for things like private placements, prime brokerage, and investment banking. I would think most work at a lower level and develop clients within the firm or...

1
+1Thoughts on Permira?

jo1421

There doesn't seem to be much info on Permira here. Any thoughts on culture, deal flow, senior members, reputation, comp for the American office (either <abbr title="New York">NY</abbr> or Menlo)? I know they have a strong presence in Europe and have done some...

9
+1Placement and advisory groups

Halloumi

Hi all, I was wondering if someone would be able to give an insight into placement and advisory firms such as Campbell Lutyens, MVision, Athos Partners, Asante, Rede Partners, etc.. It would be great if someone can provide an insight into these type of firms; what the role/typical day to...

1
+1My Private Equity Recruiting Process

Candor

I am about 3 weeks removed from receiving three <abbr title="private equity ">PE</abbr> offers (from <abbr title="megafunds ">MFs</abbr> and top <abbr title="middle market ">MM</abbr> firms), both elated and relieved to be done...

128
+1PE Recruiting GPA Question

dsc10801

Hey guys, Just want to gauge importance of GPA in comparison to work experience, with respect to <abbr title="private equity">PE</abbr> Associate recruiting. Coming from an ivy target here (non-HYPW), with 3.6/3.7 (should end with roughly a 3.7 — not math/Econ) and...

9
+1Restructuring Compensation w/Equity Kicker

RedRover521

I'm considering an opportunity at a <abbr title="middle market">MM</abbr> restructuring firm (not NYC) and am curious what comp generally looks like at an Associate level. I was told that every restructuring that this group assists with has a Director and an Associate...

1
+1Top Questions to Ask PE Funds

JensensAlpha

All, Hoping to get some knowledge from the forum and see if you have used any insightful questions to ask associates / VP's at various <abbr title="private equity">PE</abbr> funds. Trying to boil down a few questions that can shed some light on the fund,...

2
+1GIC Global Investments, Strategy & Risk role

Thats okay

Hi All, Just wanted to gather what your thoughts were on this role by GIC: 'The Global Investment, Strategy and Risk group (GISR) is based in Singapore and plays a key role in helping the PE CIO and senior management evaluate investments, develop investment strategy, and define the...

1
+1Blackstone Future Women Leaders Program 2019

Bankergal223

Hi everyone, just wondering -- has anyone heard back about phone interviews for the 2019 Blackstone Future Women Leaders Program? Not sure if I was supposed to receive any notification by now.

1
+1Main Post Partners - Growth Equity Job Posting

hdittman

Main Post Partners, a consumer-focused growth equity firm, is seeking an Analyst to join its investment team in early 2019. **Firm Overview** Main Post Partners is a San Francisco-based private equity firm with deep experience investing in growth companies across the consumer value chain....

1
+1Best book to learn tax for investment banking / private equity?

canada_money

Does anyone have any recommendations for the best book to learn tax concepts relevant to investment banking or private equity? Despite the importance of tax it seems to be glossed over in most finance textbooks.

1
+1Can you move from Deal Strategy at PWC into PE? What are the most realistic exit opportunities?

answermethis

I have only managed to land a Deal Strategy role at PWC (awkward time of year to recruit, plus finding a visa sponsor in another country left me with only this choice). I was wondering, would it be possible to go into Private Equity/<abbr title="venture...

2
+1Laid Off Less than 1 Year into PE Associate Role

DRB2018

As the title describes, I was laid off about 8 months into my role as an associate for a boutique acquisition firm. The lay offs happened across the board and were not due to my performance. I was working in a non finance hub for the first year so I will need to be moving to a hub most likely...

2
+1CDC Group Interview (Private Equity Direct)

next_era_gent

I have an upcoming interview with the CDC Group (http://www.cdcgroup.com/) Any thoughts on what I should expect? (Outside of the regular walk me through resume type Qs) I assume it will be tailored to impact investing - anyone done an interview with IFC? Would assume it would be similar

1
+1Advice please: have an interview with Flexpoint Ford (FIG PE shop) and don't know jack diddly squat about FIG

Here to Flex

Happy New Year. I had this interview fall out of the sky and I've never done shit in the <abbr title="financial institutions group">FIG</abbr> space. I'm not an idiot and will be spending from now until the interview getting smart on the sector and unearthing...

3
+1Life after PE - the other road

labanker

As I mentioned in a previous thread (<a href="//www.wallstreetoasis.com/forums/how-to-make-vp-in-private-equity">"How to Make VP in Private Equity"</a>), a couple years ago I said goodbye to the private equity industry and decided to try my luck in the tech...

41
+1MF Direct Lending to MF PE

Cabepusher-9999

Has anyone ever seen someone move from doing Direct Lending at a <abbr title="megafund">MF</abbr> to <abbr title="private equity">PE</abbr> at another <abbr title="megafund">MF</abbr>/UMM fund? Realize it's a lot harder than...

6
+1On-Cycle vs. Off-Cycle PE Recruiting

dontbugme

How difficult is off-cycle recruiting compared to that of on-cycle? Does anyone at a <abbr title="private equity">PE</abbr> firm currently know how many applicants you usually look at during off-cycle processes?

1
+1Former MS M&A / KKR here to field questions

10xleverage

In the spirit of thanksgiving, I have decided to host a thread where you can ask all you ever wanted about banking or <abbr title="private equity ">PE</abbr>. Please feel free to ask away.

254
+1PE > Startup > ?

h3dgehog

Some of those on this forum may recall my "how I got to the buyside" post, but for those who haven't, I am an associate at a private equity firm focused on a very niche industry. While life at my firm has been great, I have been dabbling in the startup world by cofounding an...

15
+1Independent Sponsor/Fundless Sponsor Experience

Jv55

Hi monkeys, I made it to the final round at an independent sponsor for an analyst gig. The firm is small, <10 with about 3-5 on the deal team. The group is looking to execute 8-12 add-on and 1-2 platform deals in 2019. I would love to here from anyone who has worked at a similar shop and...

1
0AMA: Non Targ -> BB Coverage Group -> Incoming MM PE

FeedMeDealFlow

Hey y'all, i haven't been nearly as active on this website in the past few years, but this place was instrumental in my development as a prospective student, intern and also as a relatively avid reader during my time in <abbr title="investment banking">IB</abbr>,...

39
0Evercore and Lazard NY Placement

SpecialK.TU

Just wanted to make a post to see how EVR and LAZ did this year in regards to <abbr title="private equity">PE</abbr> placement. Thanks guys.

16
0SAT Score for PE Recruiting

ThrowAwayGuy

Hey guys, 2 questions: 1) Why do <abbr title="private equity">PE</abbr> firms care about your SAT/ACT score? Sure, it's a way to compare applicants on an "even playing field," but it's ridiculous to look at a test score you received your junior or...

1
0Top PE/VC Firms in Nashville

rightkickhospital

Hey All, Hope everyone is doing well. I was wondering - does anyone have any experience or know of the top <abbr title="private equity">PE</abbr>/<abbr title="venture capital">VC</abbr> firms in the greater Nashville area? I'm currently...

13
0Private Equity MegaFund Recruiting Process - Summer 2013

theworks9

Hey, As we approach the beginning of the 2013 process, wanted to get the updates on Funds that people are in contact with. We can make this an official thread if people would like. I have been to a few cocktail events and coffee chats with Apollo, <span...

92
0Consulting to PE: Portfolio Teams

Nudge

Hi all, first time poster. Joining a strategy house/DD specialist in London (think LEK/EY-P/S&/OC&C) entry-level, with half an eye on transitioning to <abbr title="private equity">PE</abbr> later in career. ***Context*** Having networked (+ desktop research +...

11
0What do discuss during coffee/lunch meetings?

randomnumbers234238324353

Hi everyone, I have a fairly simple question. What have you guys found to be good discussion topics when you are able to network with other people? I'm from a non-target school (undergrad), so it is critical for me to be able to make a good impression whenever I network. As a natural...

61
0Vice President Fund Carry/Equity

Billy Ray Valentine

Hey All- I have been negotiating an offer with a <abbr title="private equity">PE</abbr> firm to come on as a VP. I actually have worked for this same firm before, left for a few years, and now they have roped me back in. They are currently in the process of raising their...

27
0LBO Models in Your Head

couchy

Has anyone ever been asked to do an <span class='keyword_link'><a href="/finance-dictionary/what-is-a-leveraged-buyout-LBO"><abbr title="leveraged buyout ">LBO</abbr></a></span> and <abbr title="mergers and...

28
0Corporate Development to PE?

MikeJone12345

Those of you in the <abbr title="private equity">PE</abbr> industry, what are the chances of coming from a Corporate Development role and landing at a <abbr title="middle market">MM</abbr> fund? Also what do you think of current industry conditions,...

36
0Internship: Infra-PE or impact-VC?

vashdun

Hi. I'm a sophomore in search for an internship gig for my 2nd summer. Background: west coast (if that matters), econ+psych double major at a semi target, did a risk intern gig at a big 4 during freshman summer. Which internship would be better in general? My career interests after...

1
0Megafund PE Analyst Bonuses

aux0835

What is the typical/average bonus for 1st year analysts at <abbr title="private equity">PE</abbr> megafunds? Any data on the past few years' bonuses for <abbr title="private equity">PE</abbr> analysts would be great. I've skimmed some of...

4