What does a Private Equity balance sheet look like? What about their P&L?
I was doing some prep for an FoF interview, and while I was doing the technical prep I came across a question that was phrased like this, I tried to answer it myself aside from understanding they would have obligations to debt and equity holders I was having trouble coming up and finding an answer, so I was hoping someone could push me in the right direction or help me out thanks.
You probably want to distinguish between the different entities involved: GP, the fund, the management company.
The fund will have assets that it has acquired, liabilities might include a subscription / fund facility, accrued carry that is payable to the GP.
The GP and management company I think are both asset light. The financial services license probably sits in the management company and the equity value (for future monetization) is valuable in the management company.
Amazing thank you very much, if its not much to ask do you have like a write up of this or cheat sheet.
I don't sorry. That was off the top of my head.
Why don’t you look at any of the multiple publicly traded private equity firms? 10K. 10Q.
Ullam doloremque magni in inventore. Ut dolorum animi vitae modi eius. Quo et dignissimos optio fugit ut quas ipsum.
Molestiae doloribus et soluta. Est qui suscipit voluptas.
Sit eos sit corrupti esse neque iure. Nulla ut delectus id error nihil omnis atque. Est distinctio non ipsum vitae porro atque fugiat nesciunt.
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...