Silver BananaTopicReplies
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PE Recruiting Help!!!!Hey Everyone, Heres the story I am interning at a Private Equity firm for the fall semester of my MBA program. The firm I am interning for does not convert interns to analyst as they try to hire people who have worked in the industry a few years. My MBA program will end in 2019 and I was wondering ...
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Leave Career-Track PE Job for MBA?Hello Friends, I currently am an associate at a private equity mega fund (previously an IB analyst at Goldman). I was hired on for a "career-track" role (meaning not a 'two-and-out' program), so I can stay at the firm as long as I would like. I generally enjoy the firm and the people I work with,...
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Bain Consulting co-investing in Private Equity client dealsI've heard that Bain Consulting (not Bain PE) does a significant amount of co-investing into their PE clients deals. Does anyone know if this is true? If yes, does anyone know the mechanics behind this? Are they investing off Bain & Co's balance sheet? Is it just the partners at Bain & Co? Is i...
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Antares Capital LP - Leveraged Lending Analyst Interview (Atlanta)Hi everyone! I have an incoming interview with Antares Capital LP for a Leveraged Lending Analyst position in Atlanta and I need was wondering if I could get any insights. Interview Questions? Company's Culture? Anything would be really helpful. I am an analyst in Transaction Advisory....
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Accel Partners - Review - Venture CapitalThe company has good hours - nobody is burning out from working 100 hr work weeks. Interesting portfolio teams to work with.. From what I hear, we have less access to the hotter startups right now because of our name. Also, very much a top down management style...
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Maranon Capital Analyst Program?Does anyone have any insight into the Maranon Capital analyst or associate program? Saw them on an article on PEHub the other day. Seems like a solid shop that invests Senior, mezz, and equity. Not too sure of it’s reputation but seems to have an analyst program on the investment side, with majori...
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Ares vs. Golub Direct Lending Curious to hear if anybody has anything to share about the pros/cons between Golub's and Ares' direct lending groups. Interested specifically in level of prestige, pay, work/life balance, culture, deal flow, security types (senior vs. subordinated) etc....
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Lateral to a larger PE shopI am an analyst at a middle market investment bank (think Harris Williams / Raymond James / William Blair etc.) on the West Coast and will be joining a lower middle market private equity firm in the midwest as an associate. I went to a top 15 undergrad school but not having a BB IB on my resume made...
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Best way to learn PE relevant finance: I've done modeling practice, but it's going over my headThis is an earnest appeal for advice on getting my finance chops up to speed as I am trying to make up for past laziness and learn what I need to to get out of the hell that is consulting and into finance. Because I have 1y of PE DD for MM/MF under my belt, I have judged that entering MM PE is my be...
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Pitchbook vs Mergr/Low Cost AlternativesI work for a family office PE firm and have been tasked with looking for a database with comps on the deals we close in the 10 - 50 Mil EV range. I've narrowed it down to Pitchbook and a low cost provider called Mergr. Are you all aware of any other low cost alternatives to Pitchbook? Their products...
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Doing a second pre-mba Associate stint at a larger PE firmI work at a lower MM PE firm and am wondering if it is worth exploring this option once I finish my current program (2-3 years). Let's assume for the sake of the discussion that my long term goal is to end up in a partner-track position at as large a PE firm as possible. My reasoning for considerin...
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Which PE firms should i be targeting?Stats - first year analyst in strong but not top group (CS M&A/BAML M&A) - 3.6 from Brown/Columbia/Dartmouth megafunds worth the effort? where should i be focusing (east coast shops)? providence looks cool......
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Which UMM / MF have started informal coffee chats / receptions?Title says it all. I've heard that last week was full of them but missed the invite train. Would appreciate knowing who I have missed out on so far....
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Funds Similar to L CattertonBeen reading up on funds for associate recruiting and have taken an interest in L Catterton. I want to move into a Buyout/Growth fund focused on traditional Consumer / Consumer-Internet, but it seems as though the vast majority are on the west coast. Any names I could look into that operate similarl...
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PE recruiting 2020With recruiting season around the corner, I was wondering if people can help with the following: 1. When should we be reaching out and meeting with headhunters? 2. When should we expect actual interviews to kick off? 3. Who are the top 5-10 players in each of these categories (NYC only) -- Mega (>1...
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PE Recruiting TimelineI'm out of the loop on the PE recruiting timeline. I'm currently a first year analyst at an investment bank, but not in a traditional IB group. I have 99th percentile test scores, a degree from HYPS, and completed training with the bank's IB analysts. I realize it's hard to break into PE regardless...
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Real Assets Investing to Private EquityI'm a first year analyst at an investment bank in New York in a division that invests in relatively liquid real assets (not infrastructure) using the bank's balance sheet. It's a relatively small group and there are only a few other analysts in my class, but we completed training with the traditiona...
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Who are the private equity and/ or private debt funds focused on Smart City, IOT, and/or 5G investments? Who are the private equity and/ or private debt funds focused on Smart City, IOT, and/or 5G investments (such as Digital Bridge Holdings, LLC)? ...
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Worth it to join no name MM PE Fund for the experience?I currently work in corporate finance and came across an opportunity at a middle market no name PE fund in my area. It has strong reviews on Glassdoor but the salary is well below what I'd expect someone to make at a bigger fund. $50k base with $15-$25k bonus. If I worked here for 1-2 years would th...
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HarbourVest Final Round InterviewHas anyone gone through HarbourVest's final round interview? If so, what was it like and what kind of questions did they ask?...
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Transition from a middle-market European Bank to PEHello, I am starting my first year as an IB general coverage analyst at a French bank (thinking BNP, SocGen, Natixis) next June. I went to a semi-target undergrad in NYC. Currently seeking advice for breaking into PE (possibly mezzanine/infrastructure fund). Would shoot for mid-size funds since meg...
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How to follow up after a successful cold call in which an MD says forward resume and he'll get you involved in recruiting?So, a couple of times after cold calls I've had an MD say "I'll forward your resume to get you involved in recruiting," and then a day later HR reaches out to me. Sometimes, however, they say that and nothing happens. What then? Do I just follow up on that like I would an ordinary cold email? ...
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Temasek - Review - Technology, Media and Telecom (TMT)- Cerebral working environment - Sophisticated investment process - Good name brand in Asia - Good pay in SG. - Political culture - Bonus is not very meritocratic - Huge variation in quality between teams - Regimented promotion process...
Brown Brothers Harriman - Review - Generalistgreat cultures and good work/life balance. Senior management very helpful and willing to help juniors. not a lot of deal flow. Only worked on two deals my three years there and some of the other associates didn't get to work on any. ...
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Infrastructure at Canadian Pensions (PSP and CDPQ)Hi guys, i'm increasingly becoming more and more interested in the infrastructure space, especially when it comes to careers within Canada and know that the pension funds within Canada are becoming larger investors in this space. I can find a lot of information about OTPP and CPPIB but was wondering...
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Brown Brothers Harriman - Review - GeneralistI have just recently joined the company, so I am not able to provide detailed information regarding pros/cons yet.. I have just recently joined the company, so I am not able to provide detailed information regarding pros/cons yet....
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I've raised money for PE and HFs. AMAHi, I've raised a few PE funds that were very successful at growing their AUM (>$2bn raised). I also headed cap intro for a big Wall Street investment bank, in a non-US region. I've also been involved subsequently in several consultancies for capital raising, and in several failed PE capital raises....
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BlackRock - Review - Private EquityThe culture is amazing. The senior management is invested in you and wants to make your lives better. . The location is something that can be a setback for some people. A few people reverse commute but I find it ok. ...
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HGGC HeadhunterAnyone know which headhunter is running HGGC’s recruiting process? I know it used to be Amity, but HGGC’s name is no longer on the list they distribute to candidates....
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EY - Review - Mergers and AcquisitionsThe people make the job bearable. Work is very interesting and the clients are generally appreciative of the hard work we put in.. Long hours and generally insufficient pay as compared to the equivalent job. Unrealistic client expectations. Upper management can be harsh to work with....
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How to raise a fund - what I know, and what I'm clueless aboutHey all, I enjoyed the AMA on furndraising before, so I thought I'd share what I've learned again, but also to ask for help because in fact there's a LOT I don't know about fundraising and can learn from you monkeys. **What I've Learned** * fundraising is 65% product, 25% market, 10% process. ...
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Sponsor/Strategic consortium - How does it work?Hi all, in view of recent deals like for example the CVC/Messer acquisition of some of Linde's American assets, I'm asking myself: How exactly do those Sponsor / Strategic consortiums work out? The general rationale is clear to me, but I wonder especially about the moment of exit. If (in above exa...
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Russell Investments - Review - Alternative InvestmentsSolid office, good people, access to leadership. Easy to get coffee/informational interviews with people. Changes is ownership, headcount uncertainty. Not much management can do. Seems like TA approved every headcount decision...
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Model Balances but...still kinda wonky. Can anyone provide some insight?Yes I've searched the forums. Yes I've applied all the rules and advice to my model. Yes I've printed out my B/S, went line by line, and scrubbed the ENTIRE model for inaccuracies. Yes, I'm retarded. The details: I've gone line by line and made a couple of adjustments to silly common errors until m...
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FT PE Analyst from UndergradHey everyone. I've seen a couple of posts like this, but nothing specific to my situation. TLDR: I want to begin the process of networking/preparing to be recruited as a FT PE Analyst when I graduate, May 2020. Any tips to a college junior in this position will be appreciated! More detail below. I...
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2019 On-Cycle PE Recruiting: Headhunter RankingRecruited on-cycle in early December and signed with an upper MM buyout fund in NYC starting Summer 2019 (flagship fund size: $6-9 bn; AUM: $20-40 bn). Lazy Friday in the office and wanted to contribute here somehow - figured one helpful angle could be an update on the relevancy and efficacy of var...
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2019 Blackstone SA TimelineDoes anyone know when Blackstone is planning on opening their applications for the 2019 SA position? What does their timeline look like? ...
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Info on Bain Double Impact?Seems like a really interesting fund that's been quite active since inception. Any insight on the associate experience? Level of technical work? Operational influence in portfolio companies? Sourcing relative to rest of work? Comp relative to more traditional funds?...
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Only way to enter PE is via Headhunter?Hello, Not coming from I-banking so I already know everything is working against me. Still going to try though. Quick question though, is working with a headhunter the only way to land a job at a PE firm? Can you email the firm on the application process at all? Or is finding a headhunter the only ...
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Different headhunters reaching out to different people at same firm?Hey everybody, currently working as a first year in an MBB shop in a non-PE heavy city (big city but not NYC, SF, Chicago). Headhunters have started reaching out, but different people within the office and people across nearby offices have been getting different headhunters reach out. This is the ca...
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Growth Equity recruiting undergradHello, I'm a current sophomore at a top target recruiting for summer internships, sophomore summer internship currently and junior summer internship next spring. Would like to join as a growth equity analyst after graduation. My questions -What are the technical questions/knowledge I need to prep...
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Has anyone heard of WAVE - Annual Women in Alternatives Career Forum?Debating if I should go and if there are any useful networking opportunities. Please let me know if you have attended. Would really appreciate....
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Rhone GroupHi all, Any insights on Rhone Group? http://en.wikipedia.org/wiki/Rhône_Group Thanks!...
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Blackstone Group - Review - Real Estate- Great exposure to high profile deals - Seniors make an effort to promote no face-time culture - Model intensive work that requires detailed analysis. - Deal quality varies widely depending on region and sector - Hours can be long when deals are live - Comments can be repetitive which create unnece...
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CSC Generation PE Associate - Anyone familiar?Anyone familiar with CSC Generation? Searched through the forums and couldn't find anything on them outside of a post from someone asking for help with a case study that sounded similar to the one they ask you to complete during the initial screening process. The firm appears to be relatively youn...
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Carlyle Distressed/Special Situations Does anyone have any insight on this group? There seems to be little to no information out there apart from their website. Topics of interest include mandate, performance, comp, hours, etc....
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Goldman Sachs - Review - Investment Grade FinanceSmart people, great compensation, nice city, good weather, top of the line technology/IT staff at company. Too much work, boss is harsh on all of the employees, not much vertical growth or opportunities for promotion...
Neuberger Berman - Review - GeneralistGreat growth opportunities within the firm Friendly, intelligent, and helpful coworkers strong deal flow. long hours (but this is standard for the industry) that is honestly all, it is a fantastic firm all around...
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Thoughts on TPG Sixth Street PartnersDoes anyone have any insight in TPG’s Special Situations Group? Couldn’t find much on WSO but seems like the team operates multiple strategies (distressed debt, real estate, infra etc) and have a pretty flexible mandate overall. From what I’ve found on internet it seems like they have managed ...
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STOP obsessing about windows to jump thru for PE!!!Starting my rant.... I just got asked about career planning for the move from IBD to PE, yet again. I've a lot of sympathy for my fellow WSOers, really I do. But I've got to tell you stop obsessing about windows to jump to the buyside. Everyone always has some "rule" they'be heard of. Let me l...
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Private Credit FundsCan anyone discuss their experience working at a private credit fund (senior loan fund, BDC, etc.)? In terms of exits, I've read that most people tend to stay in industry, but what other opportunities are possible with private credit investing experience? ...
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Categorizations of debt in LBOIf a typical LBO has debt providers defined by the following levels: Revolver Term A Term B Senior Sub Mezz At what point does lien 2 start? Said another way, can Term A and B both be considered first lien? Then, would senior (whether secured or unsecured) be where the second lien starts? Or, is...
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NewCo LBOHey Guys, Hope everything is well. I just have a quick question regarding LBO structure. When you create the usual LBO structure (PE fund and debt provider -> NewCo holding -> target company), i’m Not clear about the NewCo part. Should the NewCo EV be the Target EV or the Target Equity Value? ...
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Vista Equity Partners Analyst ProgramI'm doing an summer analyst internship at a MM bank right now. Me and a bunch of other people in my class got a blast email from a recruiter a VEP about summer networking events they're having in Chicago and NYC this month. I applied and (surprisingly) was invited. Does anyone know anything about V...
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OMERS - Review - GeneralistI like it more than my internship in public equities and more than my internship in banking. Private Equity makes me happy. . Hours are pretty unpredictable. Same IB processing on deals. Also would prefer to specialize in an industry group. ...
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Tides Equities - heard of them?Wondering if anyone has heard of these guys: Tide Equities https://www.tidesequities.com/ "Tides Equities is a leading Commercial Real Estate Investment Company focused on investments throughout the Western United States. We specialize in well-located, Class-B and Core Plus multifamily real estate ...
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Work on the deals side or support of the Portoflio Would you rather work on the deal side or support the portfolio companies? Ceteris paribus - pay, hours, lifestyle etc. ...
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Seeking people with PE, VC or IB (M&A) experience in ArgentinaDear all, I am looking for people who have had experience in M&A, PE or VC deals in Argentina and by that I mean practical work (as in worked on making the investments or helping execute the deal). The cherry on top of this pie would be if this experience has been in agrochemicals, chemicals, pharm...
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Just got laid off from my 3rd PE job in 4 years - help!I just got laid off from my 3rd PE job in just over 4 years (all MM). I am pretty devastated as I thought this was the one I was going to stay at for awhile. This time I was a VP (first two as Associate and Senior Associate), and was laid off after less than a year there. Last two PE firms were bout...
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LMM PE Opportunity: Do I take it?!Hi All, The WSO forum has always been one of my go-to’s for career info. While most of what I have picked up is from other threads, I’m hoping to get some more specific career advice. I’ve networked like crazy to unravel an opportunity that sits in front of me but I figured it couldn’t hurt...
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Top Recruiter in PE contacted me, not returning my calls or emailA Managing Director of a top PE Recruiting company in NYC contacted me about 3 weeks ago and asked if we could connect by phone. She added that they were working on a search in a certain sector and wanted us to discuss this. I was so thrilled when she reached out to me but all changed when I called ...
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Cerberus Capital Management - Review - N/ACollaborative Environment Relevant and Exciting Final Project Exposure to diverse industries Lunch & Learns . Not given a ton of responsibility, but was given a lot of exposure to different desks and had many networking opportunities...
Prudential Capital Group - Review - Private Equityhaven't started at the job I am not sure, however heard great things about company culture and decent hours.. haven't started at the job I am not sure, however heard great things about company culture and decent hours....
Tailwater Capital - Interview - EnergyThe most difficult portion of the interview was the technical questions related to oil and gas valuation. There were multiple valuation questions where the interviewer provided a portion of the normal information given to value a property or company, but made you come up with your own assumptions. T...
Strategy& - Review - GeneralistStrategy&'s Deals Strategy team is a fantastic place to work. Great mentorship, interesting, fast paced projects, and a fun, intelligent group.. Like all Tier 2 consulting firms, there is general dissatisfaction with the prestige of the company, especially with its integration into PwC....
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AMA: Senior Associate at MM PE FundI used WSO extensively when I was breaking into finance and have been meaning to do this for a few years now. **Background**: I grew up in a town with ...
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Deloitte & Touche LLP - Review - Investment Bankingiuhlkjblhbflbslifesalrihjewsiuhlkjblhbflbslifesalrihjewsiuhlkjblhbflbslifesalrihjewsiuhlkjblhbflbslifesalrihjewsiuhlkjblhbflbslifesalrihjews. iuhlkjblhbflbslifesalrihjewsiuhlkjblhbflbslifesalrihjewsiuhlkjblhbflbslifesalrihjewsiuhlkjblhbflbslifesalrihjewsiuhlkjblhbflbslifesalrihjewsiuhlkjblhbflbslife...
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LBO - Seller's Note?Just took an LBO modeling exam for an interview and had a question. Part of the financing was a seller's note at 0.5x leverage (in addition to a revolver and term loan). I was fine with setting up the sources and uses, but was not sure how the seller's note gets treated in the debt calcs and IRR. T...
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StepStone Group - Review - Private EquityDecent hours. . Culture. ...
FIG Partners - Review - Technology, Media and Telecom (TMT)Awesome benefits package and ability to learn. Career progression is also fantastic and they allow you to have regular meetings with seniors. Long working hours and little weekend freedom. If you want a place that challenges you constantly then this is it....
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Interview - Case study help (Urgent)Hi everyone, Currently doing a case study for an interview on an private e-commerce company. How would you go about projecting visitors to the website going forward? The issue I have is that while I know marketing spend would increase going forward, I have no "scientific" way of justifying how sit...
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TEDx Talk ... Five Practical ideas to Triple the size of the Indian EconomyDear Colleagues, Attached is my recent TEDx talk on five practical ideas to Triple the size of the Indian economy via the "CONSTRUCT INDIA MISSION" Link to TEDx Talk : **https://lnkd.in/ev4YArF** The Government of India has immediately reacted to the Presentation made to them and the TEDx Video ...
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Mental Deal FrameworksIn the world of VC/PE, you're expected to make quick decisions regarding how you can make money. To do that, it's important to have some mental deal frameworks handy. Would love folks to share some that they've got across the spectrum of asset classes they're investing in. I'll start: In the growt...
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MBB vs MM PEHigh guys. I got junior internship offers at an MBB consulting firm plus a middle market PE firm (AUM is btw 1-5 bil). I'm having a hard time making the decision of which to take; only have a couple of days left to decide. Personally, in the long run I want to be a corporate executive in the pharma ...
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When calculating DPO and DIH in Working Capital schedule, do you base that off of COGS, or COGS + D&A?I'm working through an exercise right now that lists COGS in an absolute dollar amount on the income statement, and lists D&A as a % of revenue. What I'm wondering is if you calculate Days Payable Outstanding and Days Inventory Held by using COGS, or COGS + D&A, and why? Thank you all VERY much a...
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How to get my foot in the door of Private EquityHi, all, I'm a freshman from a non-target school who is really interested in pursuing a career in private equity. I have had coffee/phone chats with people from sell-side firms. Generally, they advise me to get into an IB for a few years then go to PE... My first question is that, in your experien...
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Eldridge Industries InterviewI got an interview invitation at Eldridge Industries second round. Anyone have any experience with this?? ...
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Cerberus Capital Management - Review - Private Equity-Pay is great -Exposure to deals -Monthly dessert day to celebrate birthdays -CEO of operating company is a great guy. -Culture is not great (can be a little old boys club) -Unclear how to get promoted -Very very few women...

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