Training Juniors

As an analyst in a industry-specific investing role within an unstructured program, these are the things I used/people on my team gave me in no particularl order. FWIW my team is very small/lean and flat.

• Workwise, I was pretty much thrown in and asked to fill out one of our first-round IC memos based on a CIM to the best of my ability to then discuss with someone on the team; I also started out by helping with qualitative DD on a later-stage transaction. Responsibilities gradually expanded to evaluating more complex situations, working more independently (as an associate-lite myself rather than supporting an associate), participating in discussions on structuring and IDing potential red flags as I got more familiar with the space.
• Find the most simple/straightforward model you have and give to analyst to rebuild, ask questions about line items and calculations, key metrics, "do you see any concerns here", etc.
• Walk through term sheet
• Overview papers from law firms that work in the space explaining the pros/cons of different deal structures (for my industry it's pretty common to see these targeted at a non-expert audience, these were definitely the most helpful for me)
• If you have an associate-level modeling test that's meant to be completed in 1-3 hours, have the analyst do it (with no time constraint)
• Highly recommend including your analysts in negotiation calls, meetings to go over documentation, etc. They will have no idea what's going on for a long time but it's super helpful over time for pattern recognition of what terms tend to be the most contested