Silver BananaTopicReplies
+1
Secondary PELooking at an Associate spot with a sub $1bn secondary firm. How does the analysis/diligence differ from growth equity (assume more execution than sourcing)? How well does the experience translate into other private buy-side positions, or moving into an operating roll, versus say an M&A Assoc spot w...
1
+2
Entry multiple in LBO?I'm running an LBO for a case study and the prompt was open ended so I made general operating assumptions to growth and margin, capex, NWC, etc. For the entry and exit multiples, I based it off of select precedent transactions over the last 5 years in the same sector as well as trading multiples fo...
1
+2
1.5 Hour LBO TestJust had a modeling test and was given a CIM to build a 3-statement model in 1.5 hours. I tried my best to construct everything (i.e., debt schedule, operating model, etc.), but wasn't able to build out a clean BS and CFS. Was able to get all my assumptions and IRR/MOIC. Wish I had more time. Has ...
9
+1
any MF that doesn't kick out associates after two years? I've done some research on LinkedIn and realized that most MF will kick you out after your 2 years as an associate. They want you to go to business school then either rehire you or you lateral/startup/HF/leave finance. I want to stay in PE in the long run but don't want to do business school. Is the...
5
The Riverside Company - Interview - N/AVery basic questions both behavioral and technical, important to understand the industry and general private equity investment trends. Walk me through your resume/ tell me about yourself? Where would you invest? Walk me through an investment you made and why you made it? Explain about an e...
+4
anybody knows anything about PSP investments in Montreal ?just got an interview from PSP investments in Montreal for their Direct Private Equity team. This is for an internship. Anybody here can share any info on the interview process / tips ? Thanks a lot! ...
13
+2
Mezzanine Investing Straight out of Undergrad, exit opps?I am going into the mezzanine group of the investment arm of a large insurance company directly out of undergrad. The company does sub debt as well as equity co-invest. There is extensive modeling on the job to evaluate returns. I was wondering what would be my chances of getting into PE down the ro...
2
+12
Why don't more women go into PE?Team pages have like 2-3 women max. Are the women in analysts programs just not pursuing PE and opting for Corporate roles instead ? Can anyone share their experience or those of your female friends and the paths they take after their IB stints ?...
32
+1
Post MBA moves from public equities to private equitiesHi guys: I've learned a lot from this forum and would really appreciate your insights on the following - If a person works in public equities investing for 2 years post-mba (assuming it's a concentrated strategy with long holding period, and detailed due diligence), but want to work in private equi...
1
+11 19
Vestar Capital Partners - Interview - GeneralistMost Difficult: LBO questions regarding step ups and specific type of debt tranches. Second, I think that the other hard questions had to do with mental math. Not traditional mental math but calculating IRRs. Unexpected: to know their industry very well. I don't think that should be necessary howev...
0
GoBuyside Apt TestAnyone taken the GoBuyside aptitude test? What's been your experience with it? ...
31
KKR (Kohlberg Kravis Roberts) - Review - CreditIntellectually stimulating work, lots of responsibilities given to analysts and associates, better promotion availability than expected, good corporate benefits available, working closely with the team and other groups, nice and smart people to work with. dated office, which will be solved when movi...
+1
What debt tranche to use in an LBO?If a case study doesn't give any specific directions as to the debt tranche and spread to use, what would be the best way to think that through and come up with a structure? I feel like because it is so open ended, there is room for them to ask why not i.e.) 2.0x senior debt and 1.0x subordinated de...
2
+2
Senior Associate or MBA?So I've finished two years of BB IBD, followed by 2 years at a MM PE fund. I was originally planning on applying round 2 to b-school, but have recently considered making a lateral move to another fund, ideally with a promotion to senior associate and considering applying then. Would 6-7 years of wor...
6
+1
Deleted Delete DeleteDelete Delete Delete Delete Delete Delete Delete Delete Delete Delete Delete Delete Delete Delete Delete Delete...
3
+1
PE Secondary Advisory BrokersHey guys, posting this here again with the hope of finding someone in this forum who might know something. I am a recent graduate looking for an Analyst Position in M&A or Restructuring and came across an Analyst position in Secondary Advisory: I wondered if this will leave me with the same experi...
5
+1
LBO Practice CompanyAll - I've got an interview next week and was hoping someone had some recommendations on a relatively simple publicly-traded company I can build a practice LBO for? Just trying to get some reps in beforehand. ...
2
+1
Blackstone Real Estate Debt Strategies GroupDoes anyone have any information on this group or interview insights? Have heard a lot about the other divisions and BREP but not so much BREDS. ...
2
+1
Impact investing - choicesHello everyone, The subject of impact investing hasn't been very prominent on this site so far, but maybe there is someone here who could help. I'm currently in M&A at a strong MM shop in a major city and but decided to abandon banking for international development / impact investing. I've secured ...
7
+4
Sweatshops and PayHey everyone, I wanted to know which pe shops are considered to be sweat shops and why? I.E. I keep hearing that Apollo pays 400k but they’re the pinnacle of sweatshops and cause some to quit within the year. ...
7
+1
Are the following firms still open or finished: Bain, Golden Gate, Providence, Francisco, Permira, Advent, Eurazeo, Vista............................................................................................... Thank you!...
3
+5
Please help me understand PE recruiting in the lower middle market.How does PE recruiting work for the lower middle market funds? Is the timeline relatively similar to true MM (or bigger) PE funds? I am a first year analyst at a LMM sell side shop. I know my chances are slimmer than if I was at a true MM but we have solid deal flow and I expect to close at least 3 ...
8
+2
Private Equity Analyst - Panic ModeI am worried that I made a decision around this time last year that will have permanent consequences on my career... First, I will start with a brief overview of my background. I came from a pretty small town in the mid-west, and was admitted to a Big 10 university. Originally planning on going int...
9
Caisse de dépôt et placement du Québec - Review - GeneralistHolidays and work life balance are great, dealflow is interesting, more diversified than at most shops. Non commercail culture, bureaucracy, internal politics, fairly lazy culture, non-meritocratic, no real long term incentive...
+1
How much do HH’s make?Anyone have an idea of comp for headhunters at the top firms? Do they get paid on a commission basis?...
1
+1
Help: Asking MD for PE internshipHey guys, I met an MD at a well-known fund that’s been very busy about a year ago. We had a phone call which went very well and haven’t touched base since. I would like to do an off cycle internship at this fund, do you have any advice on how to make the ask? Doesn’t look like they have taken ...
1
+3
Industry Studies for LMM Deals?Anyone know of legit firms who do industry studies for LMM deals ($10-50mm)? Friend of mine just moved to a new shop and is trying to find companies who produce quality work for smaller transactions. Places like LEK and such are out of their price range. Any and all recommendations would be a hug...
6
+1
Reneging on 2020 PE OfferHaving spoken with a few headhunters in the past couple of days, I should have interviews coming up shortly for a few consultant friendly MM PE shops. Unfortunately, the fund I want to work for most will likely begin recruiting after the others have finished. How receptive, if at all, are PE shops t...
2
+1
PE interview expectations for this year?Will the ultra-accelerated PE recruiting process this year lower the expectations/difficulty of interviews? Do you still see prospective candidates having to complete full-fledged case studies and LBOs? ...
1
+1
PE compensation Anyone know what the going rate for associates at private equity firms are recently? Did any raise compensation to stay competitive with banking? Heard some folks getting told $300k+ all in for recently recruited positions starting in 2020. Mainly looking for data points with the mgea funds (Apollo...
1
+1
Serent Capital - any info? Case interview? Even impressions appreciated (time sensitive)Thank you so very much ..........................:........::......:.:::::..................,,,,,,,,,,...
3
+2
Private Equity Case Study HELP!I have a case study for a private equity fund coming up and they provided a CIM as reference but kept it very open ended. One caveat is that the CIM doesn't have any information on D&A and NWC. Also because it is open ended, the capital structure, libor spread, entry multiple are all up in the air. ...
6
HIG Capital - Review - Private EquityName-brand firm with strong deal flow; ability to co-invest in deals across the firm as an associate. Compensation seemed lower than most firms of this size. Difficult to get deals done due to the value orientation of the firm....
+2
No experience? No problemWe're famous guys and gals! Or at least @WallStreetOasis.com" is. Good luck to everyone doing PE recruiting this year, and congrats to those who have offers. [Quote]“It’s crazy,” said Patrick Curtis, who runs Wall Street Oasis, a financial careers website. “This timing definitely caught a ...
1
Accenture - Review - Equity Capital MarketsGreat company to work. This company is well known for it's core values. Awesome!Health care is generally good.. Management is sometimes unclear about when and how to ask for time off. Experience as an entry-level worker might not be as pleasant....
+2
Do headhunters reach out to MM IB firms?I know that EBs and BBs usually get most headhunters to reach out to them, but what about at MM IB firms? I'm sure that the Jeffries/HLHZ tier gets some headhunters as well, but what about when you go lower to a firm at Piper Jaffray's level?...
6
+4
How to better understand businesses and articulate investment ideas?More of an open ended discussion, but how do you all try to better understand businesses when going through potential investments, ex. understanding how the operations work, the value proposition, and being able to articulate it to the investment committee. Anyone have any tricks of the trade or any...
6
+1
What Entry Multiple to Use?I am given a case study for a final round interview. They have handed me the CIM to create a presentation and it doesn't seem like a 3 statement model LBO is necessary/possible here as there isn't enough information (Net Revenue, Adj. EBITDA, CapEx, NWC, etc.). However, what entry multiple is a rea...
1
+1
Need Help! Interview for Summer Analyst Position with Private Debt/CreditHey everyone. I'm currently a Junior at a top undergrad studying Economics. I'm interviewing for a Summer Analyst role at a Private Debt/Credit Arm of a large Fund (they also have private equity, cap markets, real estate, etc.) They deal with high-yield, non-investment grade. I'm at an undergrad wit...
3
+2
PE Hiring Craze: Fact or Fictionhttps://www.wsj.com/articles/no-experience-no-problem-private-equity-lures-newbie-bankers-with-300-000-offers-1540998554?mod=e2li This WSJ article seems like a fish tale. Can anyone in the industry confirm or deny this!...
2
Charlesbank Capital Partners - Review - GeneralistPeople, working with smart people and hard working people was nice. Enjoyed the work and the benefits.. Hours - I wish the hours were less at times. Still need to work some on vacation and on weekends as long as some late nights at times....
+1
E-waste recyclingI'm working with an exciting new European e-waste recycling business and would like to meet equity investors interested in this space. It would probably suit a millennial generated fund or a fund that is looking for clean credentials. The Company has a great team and a good forward supply of raw mat...
1
+2
Typical MM fund comp for T2 cityLooking into MM PE opps - what would typical base/bonus be for a pre-MBA Associate role in a secondary city (Philadelphia/Boston/DC) at funds in the $500mm-$1bn AUM range? Have heard $100k is typical base but don’t have much intel past that....
8
+4
Mining Private Equity FirmsDoes anyone know any mining Private Equity firms? And what’s the value proposition like? IRR, MoM? Looks like a well-diversified portfolio can sell high: Coal, Diamonds, Gold, Venture, Growth etc?...
13
0
Constellation Software in Canada ?Any one has info on constellation software in Canada? I'm interested in their M&A/Investment group. what's the exit opps, comps and most people I see on linkedin came from consulting lol. Do they give returns to summer interns ? Thanks. ...
2
+1
LBO Model for Co-Investment?How different would an LBO model for a co-investment be? If a fund is only taking a minority investment, what different assumptions would play into the model? would there be less risk incorporated in with it given that another investor is in it with you? Please help!...
1
+2
Minority equity investment - three statement modelHow should I approach modelling a minority equity investment in the form of a three-statement model? Some thoughts below, but not sure if this is correct - Purchase price should just be current Equity value (EV - net debt) * % desired minority ownership - There should be no PF balance sheet / purc...
4
+1
Private Equity Networking EventsHas anyone been invited to and attended private equity networking events (believe some label it information sessions)? It goes on for a couple of hours and seems like a place where you get to meet mid-level and senior folks at the fund and network with them. This is for a growth equity shop. What ca...
1
+12
Do PE IR guys get paid on par with Investment team?Curious if anyone has any visibility on compensation as you approach the upper levels of IR/Marketing/BizDev roles at large funds? It appears that compensation becomes very close to that of the investment professionals, particularly as you get to the upper levels where equity stake gets invovled. ...
42
The Riverside Company - Interview - Private EquityA question that went alone the lines of "If I was your MD and said "I am going to the bathroom, and will hand you everything you need about a company (Annual reports, financial statements, industry reports, etc.), and I say I will come back in 5 minutes and you need to tell me whether to invest or n...
+3
Blackstone Strategic Partners - thoughts?"Strategic Partners provides a unique opportunity to achieve a valuable learning experience working in the secondary private equity industry. Strategic Partners manages funds with approximately $11.0 billion in committed capital and seeks capital appreciation through the purchase of limited partners...
27
OrbiMed Advisors - Review - GeneralistWas a great experience if you are familiar with healthcare companies and the science behind it. learning curve is not too steep easy to manage the work. biotech is a neverending field. management isn't always available to answer any questions you may have mediocre pay...
+17
Going back home for Thanksgiving during on cycle PE recruiting - Bad Idea?Hi there, My girlfriend and I are both from the midwest but doing banking and consulting, respectively, in the west coast. We've both met with recruiters that told us the on cycle process began last year early December. Would it be unwise to go back to our cities for ~roughly 5 days near Thanksgivi...
38
+4
What to prep for my boss?I'm a rising sophomore interning in the PE department of a pension company. We invest in funds and participate in co-invests alongside GPs but we also source and raise our own deals. My senior portfolio manager was traveling when one of his friends told him about an opportunity to buy a private comp...
9
+2
Go Buyside - Worth the Upgrade? I’ve been on Go Buyside for about a month now and spoken to one recruiter and applied to maybe 20 jobs. I get a fair amount of notifications that “an investment manager has downloaded your resume.” The only way to see which firm is to upgrade. Has anyone upgraded? Is it worth it? ...
5
Two Sigma Investments - Review - GeneralistGreat offices, generally good team culture, well known brand name, ability to touch multiple investment strategies. Long hours, fair amount of reporting/admin work, much of investing is more passive in nature / could be in partnership with funds...
0
Tinicum Don't hear much about these guys but they seem to have a pretty big fund ($1.5 billion from what I've heard). Anyone know about them?...
3
+1
TPG Sixth StreetHello Monkeys, Does anyone have any background on TPG Sixth Street in SF? anything you can share would be very helpful. Thank you!...
6
+11
Oncycle PE Recruiting Schedule - 2020 Class Kids in 1st year analyst programs........ I work for one of the top MFs (Bx, Kkr, Apollo, Carly...etc.), and we are NOT kicking off the process next week. We are not even done with our events so Stop asking. Its likely going to be same as last years given the awkward thanksgiving holiday....
23
+3
Placement Agent/PE FundraisingHi everyone, First and foremost a big thank you to the WSO community for all the advice and help - it's invaluable! I have an interview with a placement agent/PE fundraising and wanted some advice on how to best prepare for the interview please. 1) What sort of behavioural/technical questions sho...
7
CPP Investment Board - Review - Private EquityGood culture, good hours, lots of opportunity to move around in the organization and gain different experiences.. Experiences can be very different depending on group and area of focus. Group assignment can be a bit luck based. ...
+1
Lawyer to PE? Hi Everyone, I am currently an associate at a large firm in NYC. I would like to switch to PE. Obviously, it is going to be a difficult process to make the transition. My question is, what makes me a stronger candidate? CFA or MBA? Thanks!...
4
+3
Who's left for 2020?Has anyone heard about Bain, Golden Gate, or Providence? ..............................................
4
+2
2020 PE Recruiting Has Kicked Off Officially Ladies and gents, I have official word Thoma Bravo hired their entire 2020 Associate class out of the East Coast over the weekend. I imagine others are off to the races now too. Be prepared if you have not already gotten word from anyone. Please help provide color if you have any. D ...
1
+1
I have a PhD in Engineering, work in commercial banking, how do i get into PE?I want to make the jump to PE, but my career has been an interesting one. I am still young (mid-20s), I did my PhD in Aerospace Engineering, I did a short stint in one of the largest management consulting firms, and now I work in the Commercial Banking Division of one of the largest banks in the wor...
1
+1
London recruiter coverageAnybody aware which HHs are covering who in London? Specifically looking on who Walker Hamill and Dartmouth cover, any insight appreciated...
1
+1
How to network with PE firms if you are currently doing a deal together?What is the best way to network with firms that you are currently doing a deal with? I've been fortunate to have a strong amount of deal experience in my first year of banking which is putting me in direct contact with associates / vps/ principals at a lot of PE firms. Should I wait until the deal c...
1
+1
ASKIVY.NEtCurious to know if anyone has/used askivy.net 3 hour LBO case study and if you still have model answers...
1
+2
GIC Direct Investment GroupCan anyone comment on GIC's PE division? How does it compare to other traditional LBO funds? Do they really only take minority stakes / co-invest? How would an associate role at GIC position you for other PE roles further down the line? Also, if anyone has insights on the interview process, would ap...
3
+1
Bump in IB Associate pay, upcoming increase in buy side associate pay?Give the increase in IB associate pay from $125->$150k first year at most banks to incentivize kids to go A2A, do we see private equity, private credit, and hedge funds following suit if they haven’t already?...
1
+1
2020 PE InterviewsSo PE 2020 Recruiting has kicked off and was just curious if all interviews go out at once or if MFs will continue to give other interview opps (in addition to the ones that went out tonight)...
1
Kayne Anderson Capital Advisors - Review - Growth EquityHonestly a great company, still lots of opportunities to learn and lots of opportunities for extensive responsibility. The senior team is smart and the deal flow is great. . Few pros, could use more operating partners or people who have worked at other PE firms for a different perspective at times. ...
+1
Buyside Recruiting Kicked Off?Alright so it seems like interviews for on-cycle Summer 2020 are kicking off tomorrow. Can people chime in and confirm who is starting tomorrow/this week? ...
1
+1
Did I make a mistake in choosing MF?hello all- So a bit of background, currently a BB analyst heading to a MF next summer in NY and have been feeling conflicted about both the position and the recruiting process recently. To boil it down, the MF position is in a sector specific fund which I do not see myself committing to a career i...
1
0
Anyone here familiar with HIG Capital?Does anyone here have thoughts on pre-MBA opportunities at Miami-based H.I.G. Capital? In particular, I was just wondering how transaction experience, quality of people, business school placement, and overall reputation of H.I.G. compare to private equity firms such as Audax Group, Riverside Company...
37
+1
PJT Secondary Advisory FT SuperdayI've progressed through multiple interviews with various companies, but have landed on PJT being one of the more intriguing options. I have 2 BB internships (only 1 in IB), but really love the concept of working in the secondaries market in a growing group. The super day is this Thursday at the offi...
3
+5
Ares Credit / Direct Lending - NYWhat do you guys think about this team as far as credit exit opps go from IB? Seem to be the domiate direct lender in the space but curious what this forum's thoughts are on the group. Pay seems to be comparable if not better than what ive heard first year PE guys making, and lifestyle seems much be...
23
+1
Does anybody have any insights on 3G capital's AB InBev global management trainee program ?has anybody here interviewed for that program? how's the culture, exit opps, compensation and etc? Thanks! https://www.ab-inbev.com/careers/students/global-management-trainee-program.html...
1
+1
https://www.supplementgate.com/orange-grove-cbd/Meniscus accidents also are not unusual problems for Orange Grove CBD runners, as well as injuring your ACL (anterior cruciate ligament), or MCL (Medial collateral ligament). Injuring your ACL, MCL, or meniscus can be very painful, and typically Orange Grove CBD calls for a very good jogging knee br...
1
+3
Off Cycle PE InternshipsDoes anyone know of firms that offer off-cycle internships in the Winter and offer a good experience? Is it worth it to try to get in touch with people at the MM/UMM/MF shops? Would appreciate any advice. I'm based on the east coast but open to any location....
2

Pages