Silver BananaTopicReplies
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Need Advice: Big Career ShiftI have a BSc in pharma and have been working as a health economist for a few years now at a fortune 500 biotech company. I am trying to figure out what is the best way I can break into PE? My end goal would be to end up at a megafund like KKR or Blackstone. Any advice is appreciated. Thanks...
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How would you structure your PE comp package based on these constraints? What % carry?Hey monkeys, I recently joined a small private equity shop and have my salary negotiation coming up next week. I'm a little bit confused as to what to expect and how much to ask for. Some context: this is a very small shop that was started recently. The head partner took on three senior associat...
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How Rigid is the IB > PE > MBA Model?How rigid is the career path of doing an MBA after a PE stint for the sake of career advancement in PE post-MBA? Is an MBA required to advance significantly past the associate level? I've seen people go back to school to 'upgrade' from MM to MF, but if you break into an MF pre-MBA is it common to h...
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Catalyst group Inc - TorontoDoes anyone have insight into working here? I have generally heard it is worse than banking but what could one expect? 100 hours every week and working every vacation? Or is that too extreme? On a side note, do you guys think a distressed fund experience like this would be limiting or would it be g...
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TPG Capital - Review - TreasuryIncredibly great culture Staffed on projects to the best of my capacity, which expands my knowledge and skills incredibly . Understaffed office, which meant not a ton of time for training Takes a while to get access to all the information and materials that are required...
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LBO Case Study AnalysisGot this recent case study for LBO/Returns Analysis modeling, and really need some help trying to figure out how to attack this - can anyone provide some help or answers (DM is also preferred)! Specifically with: - How do I structure this out (steps - i.e., make sources/uses, then P&L (do I go to i...
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Resume/CV for Europe-> Should my CV be 1 page or 2 pages? - Target geos: a. UK, b. Nordics/NL - Assume it’s for PE/VC - Experienced hire from outside of finance...
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LPs/Investor Return Structure I understand how a Real Estate PE firm works when raising investor money. In PE and VC, is the return formula similar? If I commit 1m dollars, do I receive a quarterly or monthly preferred return and anything over the hurdle rate is a waterfall structure? Also how is the preferred return calculated...
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Private Equity Resume Template - Official WSO CV ExampleAttached to the bottom of this post, you will find the Wall Street Oasis private equity resume template for experienced professionals, used by the WSO paid service and thousands of candidates to successfully land a job in private equity. For those of you with deal or project experience coming from ...
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Working professionals who don't drink, how does this affect your work life in the industry?For those who don't drink alcohol, how are happy hours (are they awkward)? Are you perceived differently in the office? Have you noticed any downsides from this decision in an industry full of those who do and where it is truthfully idolized? ...
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Best Advanced Financial Modeling Course?I work at a small PE firm who wants to send myself (2nd yr analyst) and an Associate (MBA grad) to an advanced modeling course. We both have solid modeling and excel skills, but need to be fine-tuned. What are the top advanced modeling courses out there that would fit our experience? I know there...
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Adams Street Partners InternshipI am a sophomore currently interviewing for internships, one of which is at Adams Street Partners. Nobody I know has done an internship there and they haven't done any networking events on my campus. Can anyone who has (or knows someone who has) interned there give me a rundown of what the intervi...
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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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Private Equity: How to Analyze a CIM Effectively?All, I work at a middle-market fund (started about 8 months ago here) and wanted to learn from someone qualified (associate level or above) who works on the buyside what the best and most efficient way to analyze a CIM is (Confidential Information Memorandum, for those who're not aware is a 40-50+ p...
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Sandton CapitalCame across them recently. Any know anything about them in terms of deals/comp/exit ops? Seems like the partners there have solid backgrounds. ...
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Is My Upcoming Scheduled Phone Call with HR a Rejection on its Way? (3 working days post final round interview)Interviewed with a MM PE fund in London for an off-cycle internship. I would have been the last candidate to interview. If it's going to be a rejection I'd prefer to know now so I can mentally prepare - I'd be fucking gutted....
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PE secondary market- What to look at when you buy from another PE firms?So, I've been dying to ask this question here after my friend at an IB mentioned that he's doing due diligence for his client on a buy-side. The sell side is a PE firm. Think secondary transaction or normal PE exit to strategic investors. This might be a silly question, but what are the extra thing...
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Interesting interviews/documentaries to watch?Looking for something interesting/relevant to watch or listen to in downtime. I really enjoy watching interviews with successful finance professionals such as Buffet, Dalio, Moelis, Icahn, etc.. Not interested so much in their stances on current market outlook but more so on their life-stories, advi...
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Seaport Capital - Interview - Investment BankingAccording to the story, four prisoners are arrested for a crime, but the jail is full and the jailer has nowhere to put them. He eventually comes up with the solution of giving them a puzzle so if they succeed they can go free but if they fail they are executed. The jailer seats three of the men in...
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Goldman Sachs - Interview - Natural Resourcesthey asked good questions and it wasnt too tough. three statene=ment mode nad 3 lbo models asked about m nd a models as well. ran dcf and did coe equaton. Know WACC and also comps and precedent transactions. Know LBO. This will help you get a good answer. This is for their sophomore diversity leader...
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Going from MM Investment Bank to Mega-FundI am currently a first year analyst at a mid-tier middle-market bank (William Blair, Piper Jaffray, Baird, etc.) and went to a non-target state school for undergrad. My goal/dream is to work for TPG in the next 10 years and was wondering if anyone had any advice on how to get there. Do I need to mov...
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Middle East PE shop to USHi All, I currently work at a small PE shop in Dubai that invest regionally on a deal by deal basis. We are generalists but tend to focus on ...
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Information on JP Morgan Private Equity GroupHas anyone got any information about JP Morgans Private Equity Group does exactly? You never seem to read about this group and I wondered whether it was similar to GS MBD?...
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How to convince a PE firm to hire you full time out of undergrad?Hi everyone, Last summer I had the opportunity to intern in private equity at a pretty prestigious firm. I worked very hard and this summer I got an offer to return to the company (which I gave up banking offers for). My goal (even though it may be a long shot) is to try and get them to give me a f...
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Accel KKR internship ?Does anyone know how to get an internship on Accel KKR's investment team ? Do they give returns to their interns? I looked on linkedin and I found some interns working there. Thanks...
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Consulting PE DD Exit OppsCurious to know what exit opps look like for consultants who specializes in PE due diligence work. Moving to a PE firm (MM or MF based on Tier 2 vs. MBB consulting) seems the most obvious choice, even if it is an uphill battle compared to IB, but what else is there? Seeing that you aren't doing ope...
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RBC Capital Markets - Review - Mergers and AcquisitionsI enjoyed working their i learned alot it was a once in a life tike experiance now i want a new job.. People were tough to deal with at time i did not have mant friends to competitive for me wasnt fun anymore...
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Private Equity vs Venture Capital Returns So while I was scrolling through the internet during class today, I came across this article on [WSJ](https://www.wsj.com/articles/venture-capital-vs-private-equity-whos-the-king-of-cash-1521551200) about the returns of private equity vs venture capital. In the article it talks about how Venture Ca...
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Infrastructure Interview Case StudyCurrently interviewing at an infrastructure group that specializes in airport investing and got invited to do a case study next Wednesday. I will have to do a model within 90min and then send it back. The company does terminal redevelopment, privatization and also sometimes just charge a management...
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Advice Needed: REPE v Cushy Corp Finance Job Undergrad Senior from semi-target school. Offers from a few medium sized REPE funds, and some larger debt funds in NYC and San Fran but the compensation really isn't too great and the living expenses will be insane and I will be saving almost zero. Got approached for a corporate finance job with a...
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Evaluating Profitability of Private Equity Funds while Recruiting?Hi All, I currently work for a middle-market PE fund and am recruiting for positions at other funds. My current fund is not performing very well and I do not want to end up in the same situation again. How do you go about evaluating the profitability of private equity funds you are considering? S...
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PE Recruiting As A Non-US CitizenHas this been a problem for people? By the time recruiting rolls around in Jan/Feb, most 1st year analysts are still on OPT. Have headhunters asked about your citizenship and H1B status?...
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Double Major or Single Major w/personal learningHello. My current issue is whether or not to drop my economics major from my current Finance/Economics double major. I believe that most of what school has/will teach me is useless (or i can learn on my own) and I'll forget 90% of it. I would like to replace the time spent pursing the extra economic...
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Brown Brothers Harriman - Review - Private Equitysmall tight-knit team, more laid back environment, involved in both advisory and private equity deals, . poor deal flow, small middle market deals, little room for advancement as the team is so lean, firm is slowly transitioning away from advisory and into back office custody....
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Internship: secondary PE or boutique IB for direct PE?Currently an undergrad with summer offers from an IB boutique and a secondary PE firm ($25b AUM). Which one should I take if I'm interested in working in direct PE right after graduation?...
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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 ...
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Moving from Private Equity to Investment Banking (HELP)Hi Everyone, I am currently on a very delicate situation. I am a second year PE analyst working at Top PE house in the Middle East. I will be leaving my job in the coming weeks ( nearly confirmed), I have never worked in IB before and I have friends who can get me interviews in BB IB in the region...
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JP Morgan Private Equity GroupIs JP Morgan's Private Equity Group a direct PE group or a fund of PE funds? Was wondering whether it was similar to GS MBD?...
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Pitch me an investment - Private Equity Interview Hey everyone, I am interviewing for a MM PE Analyst position. Based on Glassdoor interview comments, the firm typically likes to ask a question along the lines of pitch me an investment or what investment would you suggest our firm to look at. I am really not sure how to answer this question. Yes...
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What skill set would be the most applicable to Private Equity?I have been offered an internship at a commercial real estate firm. They have a large office in my city and I've been told I can intern where I want. My end goal is PE and I'm in my first year of university and want to do something most applicable to PE. Some of their services are: * Advisory and...
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Partners Group - Review - Private EquityGreat global platform, good people, fast pace growth in AUM and Capital Invested, high certainty of fundraising. Good total comp.. Low cash comp, as percentage of total comp. Lower than potential focus on Emerging Markets. Percentage of time devoted to internal processes / bureaucracy can be high....
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IFC Investment Analyst Offers (DC)Hey all! Does anyone know if offers for IFC Investment Analyst (DC office) went out yet? I reached out to some of my fellow Georgetown Alums, but they didn't know so figured I'd post here. I ended accepting another offer primarily given the delay in their decision, but curious to know how long the...
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Networking strategy for lateral entry in Canadian PE (with Asian PE/IBD/AM experience)Hi guys- Can you please recommend any specific networking strategy in regards to my background (please find below) for the Canadian PE market. Experience: 1) Starting with Asset Management- Analyst/Senior analyst for 3 yrs in local AMC AUM of around USD 500 Mn- South East Asia 2) Investment Banking...
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Campbell Lutyens Opinions?I'm wondering what the opinions are of Campbell Lutyens, and how are they regarded in Asia? They offer fund placement advisory services. I've reached out to a few friends in PE but none of them have heard of them before....
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Lead Edge Capital Interview AdviceHi All! I have an interview with the firm above (growth stage VC), was wondering if anyone has been through the process and can give some guidance/tips on how to prepare. Thanks!...
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StepStone Group QuestionsHey, everyone. I'm a sophomore at a target ivy who landed a SA position at StepStone Group. I'm curious as to the prestige of the firm as well as the specific types of deals I'll be working on? I understand it's a FoF model but I'm wondering what kind of projects the firm has completed in the past. ...
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VC Principal, just moved to the US, what now?I just moved to California and will need to start looking for jobs soon. Would love to get advice on what kinds of jobs I should be looking for with my background. I was a Principal at an overseas VC with AUM in the mid hundreds of millions. We also developed some proprietary back-end tech which we...
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PE Business Development RoleI am currently interviewing for a business development role at a MM PE shop 1-2B AUM. the role is on a smaller BD team sourcing deals. My goal is to go back to school for top MBA in a couple years. This seems like an interesting role where I could generate great contacts, but have a few questions. ...
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Private Equity Interview Course / Supporting Excel FilesHi, does anyone know where it is possible to download the excel files accompanying the Private Equity Interview Course Guide? Thanks!...
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BlackBerry CEO John Chen gets $128-million award to stay on for at least 5 more years BlackBerry Ltd. Chief Executive Officer John Chen signed a new contract worth at least US$128 million to keep him on the job for at least five years. The pay package includes 10 million restricted stock grants — valued at $128 million as of Wednesday’s close — that will vest through November...
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Transitioning from law to PEI'm a junior associate at a large law firm doing almost exclusively PE M&A. I've learned quickly that I'd prefer to be on the deal/PE side, rather than the legal side. Is this even a possible jump to make? I enrolled myself in a accounting/finance/modeling course that a friend in I-banking recommend...
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Restructuring / Distressed CompaniesHi, what book (books) would you consider a must-read for anybody who is planning to buy a distressed business and try to bring it back to life? (I am aware that real methods can come just from experience, but any sources that will provide some insight on the restructuring process would be of gre...
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Deal vs Ops Side in PEWhat are your thoughts around entering PE from either the operations (ops) side vs. deal side? My friends often tell me that operation partners at PE firms make significantly less than their finance counterparts, any idea how big of a difference it is? As well work/lifestyle differences? ...
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Abraaj Capital - Global Anlayst Program - 2017 IntakeHey Guys! With regard to the above captioned subject, I'm looking to get in touch with candidates who have applied for Abraaj's GAP for the 2017 intake. In this regard, I'd be grateful if people can apprise about the status of their application process. Also, all those who are familiar with the sai...
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Breaking into Canadian PE industry with non Canadian/US experienceHi Guys- Is there any chance to get into the Canadian PE industry with around 10 years of non Canadian/USA PE, investment banking/asset management experience. Experience was mostly diverse- 1) Starting with Asset Management analyst for 3 yrs in local AMC AUM of around USD 500 Mn- South East Asia 2)...
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Greenspring Associates - Interview - GeneralistMostly fit questions, but list us some of the trends you currently see in the health care space in Private Equity. On top of that, what Software as a Service trends do you see attracting a lot of investment. Name us the most interesting Health Care Private Equity deals you've seen as of recent. N...
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Equity Research to Infrastructure & Natural Resources Private Equity Team?Hi Everyone! I have an interview in the coming days with a well respected Canadian Pension Plan for its Natural Resources & Infrastructure group. I am coming from almost 2 years of Equity Research Experience in Mining. I have spoken to a few members of the group and they like my background. If an...
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What happens to senior people when deal goes south?Lets say after a buyout, a company gets distressed. After restructuring, equity holders are basically wiped out. What happens to the senior people who originally sourced the deal? @APAE" ...
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Bitcoin boom and bust a lot like the dot-com bubble — but on steroids, Morgan Stanley says Bitcoin has long been compared to the dot-com bubble. Morgan Stanley says its recent moves are similar to the tech boom and bust, but on steroids. Bitcoin’s recent moves almost mirror that of the Nasdaq Composite Index in the lead-up to and aftermath of 2000, but at 15 times the speed, Morgan St...
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Stocks are getting pounded today as the Facebook data scandal slams tech sector U.S. stocks slid about 1 per cent on Monday, with volatility spiking, as Facebook’s shares sank after reports that its user data was misused led to concerns over broader privacy violations and sparked a selloff in technology stocks. Facebook shares fell 6 per cent and were on track for their wo...
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Lateraling PE to PE With full time recruiting in full swing for PE Associates, I wanted to see if anyone on here has any experience lateraling between PE firms? I am looking for information more on moving from lower middle market to core middle market or middle market to upper middle market rather than information on ...
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Reaching out to PE Co FounderOne of my best friends close family friend, Co Founded a PE fund that manages around $2-8 Billion. He is based in the New York but he comes to Australia for holiday every now and again. My friend tells me he is a good guy and him and I would get along well. I also get along very well with my friend'...
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Women in Private Equity?Hey everyone so I am wondering if there are any women in PE or who went through the recent recruiting cycle who browse this site Can you share your experience given that firms are trying to hire more women? What was the process like for you, your interviews, etc ? Also, are there any firms that ar...
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MoIC computationSuppose I invest in a $50MM funding round of a company at a pre-money valuation of $200MM and manage to exit the company 5 years down the road at $500MM. Is my MoIC 2x (500/250) or 2.5x (500/200)? My guess would be that it is 2x. Reason is that suppose I invested $200MM in the company instead and ...
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Fund of Funds in Venture CapitalCan someone explain to me how fund of funds in venture capital works and what the benefits are? I understand that VC's invest in other managers to gain exposure to more companies but what are the terms? Would a fund of funds own a stake in each of the companies that the manager has invested in? Are ...
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Pre-MBA VC salaryWhat is typical pre-MBA compensation at a VC firm in a major market (e.g. SF, NYC) after two years of IB or consulting? I've heard the total comp is lower than PE, but looking for information about typical base salary, bonus, and carry ranges. ...
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Consulting placement from private equity rotations into private equity firmsDoes this ever happen outside of headhunters? For example, I am thinking that if you are on Bain PEG rotation for two years, and you tell the partner under which you work "Hey, I want to move to PE, I've given you two good years of service, can you ask one of our clients if I can interview?" I know...
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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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Target monkey who graduated from non-target zoo. Landed an interview with Vista Equity Partners. What do I expect?Been fighting like hell to break into banking. Became deal sourcing ninja. Now have PE interview. What to do now? How to prep?...
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StepStone Group - Interview - Private EquityWhy StepStone? Why Private Equity? What other industries/companies are you interviewing with? Why do you think acquisitions could be a bad investment for a company? Then asked for several examples as follow up. Why would regression or time series analysis be important in terms of investing? What...
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Buyside to SellsideAlways a lot of banter about people moving from the SS to the BS, so just wondering if anyone has ever made the move from the BS to the SS?...
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Additional Interviews after SuperdayI had a formal superday for a buy-side role where I had met most of the team. A week later I heard back and was invited to meet with additional members of the group. Any thoughts on what this means and how I should approach it?...
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Healthcare PE Resources?Starting work with a healthcare ib group this summer and would like to learn more about the buy-side. Any books, articles, or other resources that I should check out that are specific to healthcare PE? Advice would be greatly appreciated as well - thanks!...
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How to position myself to get into a private equity small-mid cap buyout fundHey Guys, I am a recent college graduate and I am trying to position myself for a private equity small-mid cap buyout fund. I was thinking of taking a Masters in Finance, then getting a role as a IB analyst for Leveraged Finance, then getting a CAIA, and then applying for a small-mid cap buyout shop...
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GS LA placement?Does Goldman LA place well / where do they place? How would their placement compare to a mid-tier BB in NYC?...
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Special Sits PE Case Study ExampleThe webinar for this case is TODAY, July 6th, at 5:00pm EDT. If you miss it, it will be replayed for free on the homepage on August 6th Even though recruiting season is not necessarily around the corner, I thought I'd share the below with the community. If anyone has a case study/modelling test com...
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What does it take to get to a Private Debt Fund, HY, Distressed? I have an offer at a small bank $1B as a commercial credit analyst. Mainly underwriting and analyzing RE deals ranging from $1mm to $30mm Where can I go from here to ultimately get to a private debt fund? I have interest in distressed debt. My other option is Corp fin at F500 (FP&A). What is ...
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How to think about Growth Equity vs. Traditional PE?What are the key differences between each in terms of what you learn, what you do, and how you should think? Have read about the differences (G.E. being more early stage, less debt, etc) but am struggling to understand how different the job would be at a growth equity vs. traditional PE. Or are th...
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Should I tell my headhunter I am not prepared for my upcoming interview?I have had a long interest in foundations and one of the major headhunters I work with reps most foundations. My headhunter made sure I was invited to interview as we've shot the shit about foundations many times. However, this role is for a public securities and fixed income investment associat...
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What CRM/Project Management SW do you use for deals? Hi, what SW do you / your company use to track pipeline and also deals in progress? Midaxo looks good but I am looking for a non-cloud solution. Any ideas (except for good old excel) will help. Thanks! ...
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Private Equity Analyst Recruiting - Best PrepHey everyone, If I am completely knew to the world of ibanking/PE and an economics major (not finance) from undergrad, what would be your best suggestion on private equity analyst prep? I know the WSO i heard is solid, but what else? ...
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Going to Direct PE Fund, but want to eventually go to LBO fundHi guys, I am a 2nd year banking analyst at an elite boutique in NYC. Going to a direct investment firm that does co-investment and does get CIPs and stuff so will look at buyout stuff sometimes but would not call it a buyout firm. My goal was to get to a buyout fund but this was my best shot in re...
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LBO Templates from KKR, Blackstone, Carlyle, etc?Does anyone know if there are any LBO excel models online directly from a major private equity firm such as KKR, Blackstone, Carlyle, etc? ...
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Interview - What makes a good growth equity investment?Hello Guys, Was wondering if you could share thoughts on what makes a good growth equity investment (no debt) as opposed to say an LBO investment....
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Lower MM PE opportunity - exit opps?Hey guys, I currently have an opportunity for a job with a lower MM PE fund. My longer term goal is ultimately to be at a fundamental value or activist hedge fund (all equity space). This lower MM PE fund focuses specifically on MBO's, family successions, and growth capital. Can I do a year or two...
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Importance of Strategic Pricing in PEDoes anyone have some insights on the extent to which PE firms rely on pricing strategies to improve the performance of their portfolio companies?...
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Vista Equity Partners?Anyone here actually have experience / first hand knowledge of working there? Thoughts on experience / culture / comp etc.?...
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Meeting PE recruiters before starting IBD FTHi, This summer I will start as an analyst in IBD London and I was wondering what you guys think about meeting with PE recruiters (e.g. Dartmouth or Kea) before starting. I know that when you start you will have little time available for meeting with all the recruiters. What about meeting with thes...
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Resignation by the end of probation period (PE job)Hi everyone! I am in a relatively difficult situation to assess and would appreciate if I could get some help from fellow members who might have been through something similar. I am Senior Associate in a very large fund that I joined a few months ago. The job is great and there is no doubt I like...
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