Silver BananaTopicReplies
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Technical question: modeling NOLsHi all! I'm trying to work through modeling an LBO but am stuck on modeling NOLs. Why is a change in an NOL modeled as the minimum of EBT, the beginning NOL balance, and the recognition % of equity price? Any help/intuition as to why this is the case would be highly appreciated, I've been racking ...
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The top companies offering tier 2 sponsorshThe top companies offering tier 2 sponsorship in the UK This article is for international students currently enrolled at a UK university on a Tier 4 visa and wanting to switch to a Tier 2 work visa. Whether you’re a final year undergraduate or a postgraduate student the clock’s ticking. You need...
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Boston Private Equity Culture?I've heard that the culture in Boston PE is better than NY PE in terms of lifestyle and hours? Anybody have an idea of what it is like at places like Bain and THL? ...
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Recruiting from lesser known boutique banksHas anyone successfully broken into solid MM shops ($550m-$3b in AUM) from boutique banks without name recognition but where you do have decent deal experience? I'm guessing it's on the analysts to reach out to headhunters (CPI, Glocap, Amity, Search One) on their own and impress them? ...
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KKR (Kohlberg Kravis Roberts) - Interview - Investor RelationsOverall, not many difficult questions. Main focus was just on walking through resume and other general background questions. One question was about what class I thought would contribute most to my success in the role. They also asked about weaknesses for the role. They also asked me to talk abou...
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Is Audit the worst??Not sure if this is the right place to post but I'm looking for some advice on a potential Audit internship. I started college as a humanities major intending to work for the UN or something but I recently changed my mind and am interested in a financial career- I don't know much yet but I think I'm...
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Bachelor Thesis subject, making it too complex?Bachelor student from a European economics university here looking for advice/help. To complete my bachelor I need to write a thesis about any subject or field I like before the end of the year (July/August). My interest goes out to Private Equity, since throughout my study it's been my favorite to...
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Saint Elias Cognitive does now not**Saint Elias Cognitive** does now not get the nutrition it wishes we'd really begin to lose muscular tissues in place of gaining them. While we speak about nutrients it is critical for us to realize that it is not simplest protein that we want to devour. It's miles a...
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2018 KKR Credit SA InterviewAnyone get feedback after 1st round interview for KKR leveraged credit? And also how is this group? Compared with BX GSO, Apollo Credit, Oaktree?...
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Platinum Equity - Culture?Hi, Anyone knows any details about culture at Platinum Equity? Understand the company is extremely successful but wanted to see how their culture is? Cheers!...
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IB SA --> PE FT ProcessWill be working in the M&A team of an EB this summer (EVR/PJT/CVP) and would like to know what the process looks like for going from IB SA to PE FT at MF/UMM. Do headhunters reach out for FT positions or is it up to the SA to network and express interest in recruiting? Do these funds recruit exclusi...
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PE Recruiting Cycle in Europe for Large Cap and MFHi all, I am just starting to look at PE recruiting and would like to know when the large and MF firms start their typical on-cycle recruiting processes in Europe. I am a 2nd year Associate at an MBB consulting firm if at all relevant. Thanks...
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Temasek - Review - HealthcareGreat resume builder. Big platform. Top investment firm in the world with many global opportunities.. Extremely long hours - bad work/life balance. Complex corporate structure. Lots of process and red tape...
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Private Equity firms that recruit undergrads?What PE firms recruit from undergrad? Probably a ton of posts like this, but honestly curious. Would love to get into an REPE firm. I'm a current jobless senior...
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Undergraduate Engineering GPA for MegafundWhat would be considered a good undergraduate GPA for someone in an industry group at a top BB who studied engineering at a target school?...
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How to Prepare for a Corporate Venture Capital Internship? Delete Delete Delete DeleteDelete DeleteDelete DeleteDelete DeleteDelete DeleteDelete DeleteDelete DeleteDelete DeleteDelete DeleteDelete DeleteDelete Delete...
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Distressed / Spec Sits vs Regular PEFellow monkeys, I am currently interviewing for a couple different positions and it would likely boil down to joining a lower MM fund or a distressed / spec sits PE. With the latter, it is worth noting that they pursue a decidedly strong PE focus, i.e. operate in a debt-to-own rather than a simple ...
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Silicon Valley Bank - Interview - Venture CapitalLike I mentioned, first round over the phone with a few different managers from a few possible teams that I could have worked for. Asked about what tech blogs I follow, why tech, what my favorite VC-backed startup was, my familiarity with Excel. In my second round, I moved forward with the venture ...
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Has Anyone Paid for L2 Research? (Founded by Scott Galloway)Has anyone been a client of L2 Research? I love their videos and free content on brands and consumer trends and was contemplating being a paying client of theirs for deeper insights (I'm in consumer VC so it's directly relevant). If anyone has experience being a paying user of theirs I would love to...
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Alpine Investors - Interview - SoftwareThe most difficult interview questions were regarding weaknesses and how you've tried to overcome them. Alot of focus on your weaknesses to get a holistic view of candidates. Market sizing questions were pretty difficult but straight forward. No technicals, again it was very fit oriented and you nee...
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Search Fund experience valuable?I am a senior from a Big 10 school and after a couple of months of recruiting, I was able to land a spring internship at a very small PE search fund (just the Director, a graduate from HBS and a handful of advisors). The position will involve deal sourcing and deal evaluation (financial modeling, du...
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A peek through the recruiter's mindAnyone here has some insights on the recruiter's mind especially those from the recruiting firm? I would love to take a peek through the recruiter's mind. You know things like: 1) What's their incentive and how does it align with you.... as a job seeker vs company looking for talent? 2) What's thei...
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Calgary PEAnyone have any insight on exit opportunities in Calgary mainly wondering about PE but also any info on hedge funds / AM gigs would be appreciated . Looking for details such as reputable shops, approx. salary, culture, hours, etc. ...
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Questions to ask your interviewer to assess fit I'm getting on along in the interview process with a small team fund and I'm wondering what questions I should be asking to make sure it's a place that I'd want to work. Thoughts on this list? What am I missing? **I am mainly looking for questions that should be red flags to keep me from joining** ...
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Apollo Global Management - Review - CreditFun work, cool people, interesting deals, great views from the office, catered meals, and other nice things.... Hours get insane at times, management does not spend too much time with analysts, and tough to move up....
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HIG Capital (London)Hey guys, What do you know about HIG Capital in London, specifically their private equity team? Anything on the team, culture, comp (associate level), prestige, etc. would be greatly appreciated! Thanks Actiblue...
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What is the career path and promotions like at Canadian PE firms?How does the career path work for Canadian PE firms? In the US you go for 2 years then an MBA and then afterward you decide where you want to continue. 1: Though I've heard a few times that most Canadians don't need to get MBAs and it's rare to see them as most of the time they aren't necessary. Do...
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Private Equity Modeling Guides - FreeHey monkeyzz, Sick of seeing all the paid content? Here are some top-tier illustrative modeling guides (excluding spins and splits). 1. macabacus DOT com/learn - The classics 2. multipleexpansion DOT com - easy-lbo - Good starting place 3. multipleexpansion DOT com - Training-LBO - More advanced L...
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PE Fof Interview - Excel TestHi, Landed an interview at a PE FoF. Passed the first round and got offered a 2nd interview. They mentioned there's an excel test. I emailed HR, and they told me the time for the excel test should be an hour. I bought the WSO PE Interview Prep guide, and know how to do all the 1-hr modeling test...
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The Best Investment Professionals Describe the most impressive investment professional you've come across during your careers? What made this guy/girl so impressive? Private Equity or Hedge fund Rainmaker? Maybe what firm were they from? @APAE" , @CompBanker" , @Layne Staley" , @TippyTop11" , @GridironCEO" , @takenotes08" ...
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co-GP modelsHi - new to this forum. I am starting my 2nd fund, and now former LPs are now asking to be co-GPs. My question is, what are the various models/options for this. For instance, if they put money into the GP: - how do you figure out their share of the carry? - are they also an LP? eg do they have ...
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(time sensitive, please help) When are references called?I'm about to have a 6th round interview for a fund on Thursday and they asked for three references. Do they only call if they're going to give you the job unless your references are red flags? How does this work? Three is a lot since I've only been working >1y. Also, any strategy for which referenc...
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Other "cross-asset" funds similar to Blackstone Tactical Opportunities?I'm interested in knowing if there are other groups out there that have unconstrained mandates, like how Blackstone Tac Opps invests across asset classes. If anyone also knows how it's like to work at Tac Opps, please let me know!...
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Blackstone Group - Review - Mergers and AcquisitionsI have had a very good time working here, everyone is very friendly and they want you to do better at the company. The hours can be very very long. Some weeks it wasn't and then other weeks I would be living in the office...
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Boutique Consulting to PEHi all- I'm at a boutique healthcare strategy consulting firm considering the move the working in healthcare PE/VC. I've been in consulting for 2 years post finishing undergrad (NESCAC). To be completely frank, I have minimal financial background from my current role in consulting. I was wondering ...
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New York City VCs.Hello all, I was wondering if anyone in this forum knows of some VCs in NYC that are focusing in the health care or health tech space? A friend of mine is starting a health tech company and they are looking to make contact with some VCs in the area. Thanks ...
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Insight venture partners intern interviewHi I’m a college sophomore. I have a recorded interview with insight venture partners for an investment analyst intern position. If anybody has interviewed with then before and can provide any insight then it would be great. Thanks...
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Life after PE - the other roadAs I mentioned in a previous thread ("How to Make VP in Private Equity"), a couple years ago I said goodbye to the private equity industry and decided to try my luck in the tech industry. Not as a VC associate. Not as an “entrepreneur”. As a programmer. Yep, you read that right. After thi...
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Leaving MBB for MM PE career adviceI am currently an MBB consultant with plans to leave for MM PE. As I think more and more about leaving, I am getting more nervous about the move. Maybe I am just too risk averse but would love if any fellow monkeys made the leap and how they felt about PE vs. MBB consulting and whether any of you de...
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Deloitte/PWC S&O to MM PE in LondonHi all, First time poster here. Can anyone advise some solid MM PE funds in London/ UK more widely that are both: - Receptive to a C/SC exit from Deloitte S&O -Strategically focussed on private companies that work primarily with government I have a strong modelling capability - I'd wager against...
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Partners Group - Interview - Private EquityA lot of the questions were structured to see how you analyze problems. As I progressed through the interviews, the questions got more challenging but everyone that interviewed me was helpful if I slipped up. I was surprised that the questions weren't technically finance based but more brain teasers...
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Advice Please! Growth Equity Interview Questions?So I just got notified that I've been invited to interview at a top tier growth equity firm, and the opportunity just sounds absolutely amazing so I'm desperate to land the position. If someone currently at a growth equity fund wouldn't mind elaborating on the interview process, I'd be forever grat...
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Best Venture Capital Resources to Prep for an Interview?I'm totally bogged down right now from my current workload between my job (CRE lending - bulge bracket) and studying for the GMAT. I came across an open analyst position at a VC firm that I would love to work for that is involved in finance, technology, and real estate. This company has been the on...
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The Abraaj Group - Review - N/AGreat holiday and sick policy. International team. Flexible schedule. They have interesting investments around the world!. Founder focused. Demanding hours. Treats juniors poorly. Top heavy with lots of office politics. Poor moral....
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Estimate Levered IRR from Unlevered IRR?I'm trying to work on ways to mentally estimate LBO IRRs quickly without building out the full model Here, unlevered IRR can be estimated by: EBITDA yield (inverse of entry multiple) + EBITDA growth rate Example: An LBO @ 10x entry and exit EBITDA, with 5% revenue growth and constant EBITDA margin...
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Goldman Sachs' Private Capital team (ESSG)Hey monkeys, What can you tell me about Goldman Sachs' Private Capital team, which sits within the European Special Situations Group? The analyst role/job type/culture/ anything really... it's quite tough to find tangible information on this team Have face-to-face interviews coming up, no modelli...
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Morgan Stanley - Interview - Investment ManagementTell me about a project from your past internship experience in M&A that you think could be considered as infrastructure? Why do you think so? What were the risks of that project? What was your implication? ...
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at a middle market fund - advice for recruitingHi All, I work for a middle-market private equity fund with a niche strategy in a smaller city. I previously spent a couple years in investment banking in New York. I am trying to move to another fund. Just curious if anyone was in a similar position and can offer insights/ advice. It seems that e...
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Traditional MM PE Associate role or Partner in a new Fund?Appreciate your insight - I realize the answer is very person-dependent but it'd be helpful to hear how you'd underwrite the career risk here. Context: A year and half ago, I accepted an offer with a August 2018 start date to go to a MM shop on the West Coast I was excited about - good comp, good c...
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Warren Buffet is stepping down from Kraft Heinz Board of Directors*“Organic growth is not Kraft Heinz’ expertise” - analysts at Credit Suisse* Amid recent financial troubles at Kraft Heinz, Warren Buffet has [announced that he will leave Kraft Heinz' board of directors](https://www.ft.com/content/3910bc22-43dc-11e8-803a-295c97e6fd0b): [quote]Warren Buffett...
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Invus Group Private EquityAny thoughts on these guys? Reputation/brand, returns, culture/hours, b-school, etc.? Can't find much on wso. Thanks!...
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Analyzing Manufacturing facilities in Private EquityAny advice/words of wisdom/primers on manufacturing facilities? I'm analyzing a facility that packs fruit. I work for a middle-market private equity fund. Many thanks in advance! ...
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Sightway Capital, a Two Sigma company ??Anyone here know anything about Sightway Capital, a Two Sigma company ? It seems like there's only one analyst there. Please share any info about the firm. Thanks....
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Worth It? Venture Capital Coaching Program? Break into VCI came across some VC coaching programs that cost thousands of dollars. Are they worth it? Have anyone tried them? Here are two programs I found online: [GoingVC](http://lists.startupcareeradvice.com/goingvc-application/) [VC Academy](http://www.vc.academy/venture-capital-executive-program-online-...
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GenNx 360 - All info/opinions welcomeHi everyone. I am exploring potential MM PE exit opps and I found out that I have a personal connection in GenNx 360. I do not know much about the firm and was hoping to learn anything beyond what I have learned from news articles and their website. If anyone has any additional information on GenNx...
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Sophomore at Target, thinking about 2019 PE SAhey wso. i've been getting more and more interested in PE as a path for after college, and have been reading from other threads that FT PE recruiting straight out of undergrad is really tough. would the best option be SA after junior summer then? i'm at Penn and i'm doing consulting with Strategy& a...
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Net worth of Private Equity associatesSo I graduated from a target in 2012 (no debt), immediately joined a BB in 2012, and made the transition to PE in 2015. My net worth today (I always calculate it the first of the year), is 263,000. Is this above or below average? What is your career track so far and net worth?...
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Guttenberg Housing Authority - Interview - Mergers and AcquisitionsTell me about your weaknesses (plural) in context of the job.In each box, please start by listing a question you received, followed by your response (optional). Please try to phrase as a question and/or be as detailed as possible about the technical problem, business case, etc. If you need additiona...
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Breaking into Venture Capital out of Undergrad??Is it possible to break into the venture capital industry right out of undergrad? And what are the best routes to take to break into venture capital? ...
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Earlybird Venture Capital - Interview - Venture CapitalThe brain teaser was pretty hard to figure out which was to figure out the 32nd power of a 12-digit number. It was pretty stressful to find the roots when the interviewer was waiting silently. And you had to be very efficient and quick with your answer. After the brain teaser the case did not feel t...
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Dallas PE Funds Opinions/Insights?It seems like a lot of the Dallas-based funds are kicking off their process for 2019 start associates. Anyone have any opinions/insight on the best funds in terms of dealflow, culture, returns, b-school etc.? Funds that I've seen include Insight, Trive, Kainos, CenterOak, Redbird, CIC, Gauge, Lonest...
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Infrastructure sectors - valuing different asset typesHi, I am currently prepping for an infra PE interview, and would be grateful if anyone here can share thoughts/experience regarding what the different considerations/drivers are when valuing different types of assets within the infrastructure sector. E.g. how to value a hospital vs. a solar PV plan...
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How to assign an arbitrary multiplier for network effects as a venture backed company scalesSay you launch a product in City A and it has a total addressable market of $20m. Then assume cities B, C, and D are next, and they all have the same population as City A. I know that it wouldn't be $80m - there would be some sort of network effect, and maybe the TAM would be $90m. How do you come ...
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Groups like GS SSGWhat groups in other companies would be most similar to GS SSG? (There seems to be some variation in special situations groups)...
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Galen PartnersDoes anyone have any experience working at / with this firm? Would love to hear thoughts. Lower middle market healthcare focused firm. Thanks....
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Private Equity firms in LA? Reputations, culture, compensation?Hi all, I wanted to ask and glean a more updated view of PE funds in LA. The ones I'm interested in are Ares, Oaktree, Platinum, Aurora, Marlin, Pacific Coast (or others I'm missing) in terms of returns, reputation, culture etc. Would love any thoughts! Thanks!...
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NextGen Growth Partners - Interview - N/ADiscuss your previous experience and why you're interested in NextGen Growth Partners? How I answered: I'm currently working at a search fund, and I have enjoyed getting the opportunity to participate in phone calls with business owners and analyzing different niche companies in niche industries. I...
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Non-Target to MF?I've been reading about this thread and understand that mainly targets such as Wharton and Harvard go from UG to MF PE Analyst but is there even slightly a chance that a non-target could break into a summer analyst role at a MF considering networking and applicable internships and experience?...
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How do you stay organized at work (both in general and on action item lists)? (x-post w/ MC forum)TL,DR: I'm dangerously disorganized at work, and would love to hear about your method of organization and staying on top of tasks. Hi folks! Thanks for stopping by. Some context: I went into management consulting right after college, and remained there for 3-4 across 2 different firms. I recently ...
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Alpine Investors - Interview - GeneralistTell me about your childhood? (This was about background, values etc.) Tell me about tech investing? What do you know? Why are you interested in this as opposed to other industries? A few questions on markxetsizing, probably because I have a consulting background (Tell me about how many red pens are...
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What is Canada comp like?Hey everyone I just have a quick question about PE in Canada. What are the comps like at the big Canadian PE shops (Onex, Birch Hill, etc)? What are the comps like working at a PE arm of a pension fund? Is IBD or PE generally better in terms of long-term careers in Canada? Thanks...
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Prudential Capital Group - Review - Private EquityGood team & deal flow; variety of projects and industries; . Below street pay; regional focus; ...
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City Light Capital: Any info?Title says all. Looking for any and all info that anyone has about this fund. http://www.citylightcap.com/ I even welcome anyone to just look at the website and give me your thoughts. Truly, anything is appreciated. Thanks so much (as always)...
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How to not upset this headhunter?I recently met with a headhunter about some Associate opportunities they're trying to fill. I basically got feedback from them that I probably wouldn't be a good fit given the criteria the client provided to them. However, I know someone that knows some people that are pretty senior at the firm. ...
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MM PE Salary ProgressionHi, quick question about PE compa progression for pre-MBA MM fund. Know that there is a significant difference bet different firms, but say if I make ~$245,000 all in in year 1, what should I expect to make going forward?...
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Aquiline Capital Partners Analyst ProgramI was wondering if anyone knows anything about Aquiline Capital Partners. It's a MM PE firm focused on FIG. They're recruiting at my school for 2019 SA and FT. I'm going to some events with them soon and I couldn't find much on them. I noticed that the position description mentioned sourcing (with a...
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The Absolute Most Data-Backed Ways to Enter VCThere's a really cool blog post I found of a VC guy who analyzed 600+ VC professional bios and sorted their background data. According to the findings, [Want to Get Into VC? Go to Stanford, Study Engineering, and be Named David](http://www.residualthoughts.com/2018/04/10/want-to-get-into-vc-go-to-st...
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PE Operations TeamHi, Can someone tell me about PE Operations Team for post-mba career? I have an interview coming for the operations division. What do you think about it compared to the deal team? What does the exit like for the ops team? How about the compensation compared to the deal guys? Thanks....
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Good books to read to help prepare for a job in private equity? (Not recruiting books / guides)Hello all - any good book recommendations to prepare for a career in PE? For reference, I'm about to finish my first year in banking and have a PE job lined up for summer 2018. Trying to make the most of my next year to help with the transition into the PE role. Any and all help is much appreciated....
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Private Equity Operational Improvement rolesSearched around and could only find some threads from 5+ years ago, was curious if anyone could shed some more light on the operational improvement roles available at PE firms? Everything I was finding was indicating that some funds have full fledged operations teams, whereas others will only have s...
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AlixPartners...thoughts on reputation and compensation?Can anyone share their experience (past or current)? I know the workload is intense, but curious to see if anyone can share their personal experience....
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Family Offices ListDoes anyone have access to or know how I can obtain a list of Family Offices in the US?...
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