Just curious, does anyone know of any junior or mid level employees who currently work or have previously worked at an "independent" SPAC like CF Corporation? I'm wondering how people land such gigs and what happens once a deal is in hand. It seems like it would be an interesting experience, but I don't know if they generally even have investment teams beyond the founders.
Trending Content - Private Equity Forum
| +23 | The Difference Between a Good Business and a Good Acquisition | 7 | 21h |
| +18 | Career / Life Crossroads | 5 | 16h |
| +14 | Partners misalignmet common? | 4 | 2d |
| +14 | Leave MF PE for FP&A Manager at Top Company? | 22 | 1d |
| +11 | on-cycle possible after lateraling? | 2 | 16h |
| +10 | How to prep for HH calls? | 3 | 4d |
| +9 | What to do - advice needed for incoming 27 associate | 2 | 1d |
| +9 | Opinions on DTCP? | 3 | 7h |
| +9 | Why India’s SME Market Is Getting More Interesting | 1 | 19h |
| +9 | PE Associate Recruiting from a PE Analyst Program | 2 | 13m |
Career Resources
I interned at a SPAC that was in the process of raising capital, I can verify that it was a highly interesting experience. We were only a four person shop, so I wore many hats over the summer.
First, I was the main person responsible for sourcing deals while raising capital. I would cold email software company CEOs, and if they responded I would get on the phone with them and discuss their business and determine if it fit the financial profile our SPAC was looking for. This was arguably the most interesting part of the job, as I was able to build an investment thesis, find opportunities in the space, then pitch the ideas to the managing partner of the SPAC.
Second, I was responsible for building the ownership model of the SPAC. This model outlined who would own each share of the SPAC pre and post offering. This required a lot of collaboration with our investment bankers, which ultimately motivated me to pursue IB as a career path.
Lastly, I helped build and script the investor roadshow presentation. I ended up attending and speaking at page flip meetings with investment bankers, lawyers, and potential investors as an intern because I was the person that had worked through auditing the numbers in the preliminary prospectus.
Ultimately I really enjoyed the experience. While it wasn't as structured as a typical banking or PE internship, it allowed me to see the capital raising process and deal sourcing process simultaneously which was a great learning experience.
That sounds like an awesome internship. Much better than getting coffee for your broker dad at Morningwood Capital (no offense to the actual firm, I'm making a joke). Hopefully that led to superior opportunities in IB and beyond compared to what is available to most.
Sed et aut ut iusto. Itaque nam odit culpa ea et fugiat. Vel non quisquam quia autem laudantium aperiam. Et nihil vero quam omnis at quasi. Incidunt reiciendis maiores eos sunt dicta consequatur fuga. Vitae ipsa quia iusto consequatur ipsam et natus natus.
Dignissimos aut aspernatur sed ex eos hic natus distinctio. Alias in rerum quis voluptatibus illum qui veniam.
Architecto quasi aut minima totam ab amet rem iusto. Nemo officia placeat cumque sint in. Quod libero ex laborum enim officiis.
Provident rerum officiis quod placeat exercitationem eum. Et est a ab similique commodi architecto. Eligendi quia eos quae repellat autem animi hic. Repellat impedit non et et hic.
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...
Veritatis ad autem aut rem aut deleniti est. Amet reiciendis aut quia doloribus.
Dolor ut quasi qui nam assumenda. Praesentium voluptate quaerat sit dignissimos quia. Ut enim sit voluptatibus voluptate soluta quia tempora fugiat.