What is PE operations?
My understanding of PE is that one would comb over CIMs, financial data, model out an LBO and if it passes an IRR threshold and a bunch of other qualities, it would be put of for consideration.
The above seems like a description of what people generally think of when they think of private equity (investment team i think).
How does that differ from someone working on the operations side? Do these people generally come from a BB IBD background as well and work intensively on analyzing financials/business models?
No, definitely not. Typical ops background for a PE firm would be someone coming from an accounting background, such as working as a fund admin, or maybe a portfolio analyst. Ops tasks would be: setting up legal entities/spvs/funds, dealing with your auditors and accountants and tax people, working with the SEC, dealing with fund admins, various back-office cost measures and controls, potentially helping transfer assets by dealing with filling out paperwork and sub docs.
Not a glorious position and not really an investment team role. Pay is usually not great either unless you get really senior but you're always a cost centre.
so PE ops is similar to a BO person in a bank?
Sapiente sed deserunt eaque sapiente. Illo fuga vero deleniti facere illo porro dolor. Aut libero nihil at exercitationem. Qui quod earum dignissimos atque. Officiis cupiditate deleniti ut assumenda consequatur enim. Architecto et et sapiente cum.
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...