Silver BananaTrending Content (see all)Replies
+37
Reading List for Intellectual Killers

Elite_Bulge

Recently there was a thread on what books one should read to assist in the development of a successful career in finance. I strongly believe in balancing your library with pure "finance books", pleasure reads, and classics, with a strong bias towards the classics. You will learn about...

127
+23
Private Equity Resume Template - Official WSO CV Example

WallStreetOasis.com

<h4>Attached 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.</h4> For those of you with deal or...

75
+21
Developing the "It Factor" as You Progress in Career - What Puts High Performers on Another Level?

Pro Forma

Something I've been thinking a lot about recently is if I have (or if I can develop) the mental "it factor" that I see among so many of the top VPs, Principals, and Partners at my firm and others. I'm not talking about internal drive or ability to multiply three digit numbers...

47
All Pods
All Events
Silver Banana
Recently Active Topics
Replies
-
+2
FIG Exit Opps for PE recruiting?

Underdog1995

Hi all, I recently started at a Middle Market bank working in the FIG group, working on Depositories to be specific. I am interested in recruiting for PE but I know FIG exit opps are very limited as the valuation and modeling is completely different. I would assume that lateraling over to a differe...

5
+3
PE Due Diligence Process?

goddzilla

Hi all, I have always wondered how PE analysts find bountiful information on private companies. For example, if my senior asks me if Company XYZ is a good investment, what steps should I take to eventually give him an answer? I sure this is a completely rookie question, but as an equity research...

9
+2
How long in consulting before moving to PE?

carrigan

I'm currently working for a non-MBB top five consulting shop, and I'm looking to move into PE. How long do consultants typically work before making the transition? Is recruiting at my 18-month mark too soon? Will my odds be better if I put in two full years?...

7
-
+1
How to structure a restaurant chain buyout?

Iceshift

I have a contact that's been in the business for over 25 years, he's one of the founders of his niche of QSR in the country. He currently only has 10 locations now - previously much more. He wants to get back into the growth business and have identified a few buyout targets (QSR chains) - all of wh...

1
+2
LBO - Seller Note, how to model S&U and 3 Statements

monkeyseemonkeydo1234

Took a model test recently, that included the transaction being funded with a 1.0x contingent seller note. this note is assumed to be paid out in full (at exit) if seller meets a certain ebitda target at exit, and is payed out at a certain % between a range of EBITDAs. Does this show up on S&U? Also...

8
+1
Fully Diluted Capitalization Table

slothsloth

So I have been assigned to prepare the capitalization table for a company. I have read online about how a cap table works but there are practical aspects that aren't mentioned. Could someone help me out? 1. Where do I start? Do I email the CFO to ask for it? 2. How do I verify that the CFO did not...

2
-
-
-
0
LBO - Seller's Note?

Banker88

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...

4
+5
PE Interview - Need to learn modeling in 2 days

LongTermWarrior

Hi fellow monkeys I am in the process for an analyst position at PE, I first passed a phone interview, and was invited for a 1-1 in person interview at their offices. At one point the gave me a laptop and a keyboard and I was given 30' to do an easy modeling exercise It seems that I did well and t...

15
+2
IB > Corp Dev > IB > PE Associate?

NoJobProspectsInSight

DeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeletedDeleted...

4
+1
FCF formula - two formulae are different?

newkid2019

Hi everyone: This might be a dumb question, but I'm stuck on it and would really appreciate your help. I'm reading both Breaking Into Wall Street and WSO PE guide, and it seems that they have two formula for FCF calculation that don't 100% tie up. I wanted to check if I misunderstood them... From...

3
-
0
Ejkjhjkhjhjkkkhhkjhjk

Mr.patrickbateman

kjkjkjkjkjjrjjeejjjddjdjjdjdjdjdjdjjdjdjddjdjjdjjsjsjsjsjsjsjsjsjsjsjsjjsjsjsjssjsjsjsssjjsssjsjsjsjsjjs...

0
-
-
+6
Difference between late stage VC and growth equity

slothsloth

Hi all, currently evaluating a late stage VC (Series C +) fund offer. Team looks good (harvard MBAs) but what concerns me after reading this board is that it would be next to impossible to get into PE + the lower comp. I was wondering, how possible it would be to spin this experience to get into a...

19
+12
VC startup idea - PE or VC interest? Are these numbers viable?

faceslappingcompilation

Seeking ~14mm in VC capital for a startup (in multiple funding rounds...starting with a 2mm Seed round) Can you guys give me a list of 10-20 VC firms that I should approach for my seed round? (lots of background info below....but all just in an effort to help those with industry knowledge to pro...

53
-
-
+2
Pre-MBA career path / job description at elite Growth Equity Firms (General Atlantic, TPG etc)

Strategic_decision

What is the job like for pre-mba analysts/associates at the above mentioned firms? I assume they are doing a lot of modeling as well as some sourcing and due diligence? I've looked at the backgrounds of many pre-mba employees on linkedin and they seem to share similar backgrounds to folks at UMM or...

5
+1
Valuing small private tech mHealth startup

S_HSH

Hey, guys! I'm a new in VC and joined like literally 1 week ago. I'm coming from sell-side Big4 Advisory background - we did fin models for "conservative" sectors, so I have no experience with valuing young tech start-ups. I have to submit my model in like 2 days. Would appreciate tons if someone...

1
+3
Quasi-equity when structuring a deal

CAPEXecutive

Dear all, Just trying to understand, when considering an LBO deal : 1 - Why would a sponsor invest in quasi-equity (convertible bonds, preferred shares, etc) on top of ordinary shares when doing an LBO ? What would he gain from investing the same amount in ordianry equity ? 2 - How are amount and ...

12
+2
Kainos Capital co-founder alleges 'frat house' culture amid plot to steal stake

kanon

Had anyone dealt with Kainos before? ‘The blockbuster suit levies a host of [allegations against Kainos]( https://pitchbook.com/news/articles/kainos-capital-co-founder-alleges-frat-house-culture-amid-plot-to-steal-stake) co-founders Andrew Rosen and Robert Sperry, as well as chief financial offic...

18
+1
JHB Search

Non-TargetTokenKid

Anyone heard of this recruiting firm? Is it even legit? It sounds like they just want to know your comp and what firms you're interviewing with....

2
-
+1
Case Study - Loan Cash Flow Models Request

you_get_the_dream

Hi Guys! I have a 4-hr timed case study this week in which I need to do a term loan analysis for a consumer financing company and write an investment memo and calculate IRRs, gains and losses and conduct scenario analysis. Can someone please PM me some models (with answers would be great) to practis...

1
+3
Direct Lending for Early-Stage Companies?

pintglass07

I know a that the direct lending market is booming, providing relatively flexible for MM businesses that would have trouble getting a bank loan underwritten. My question is: are there BDCs or direct lenders that will provide loans to a less mature company (e.g. profitable but smaller company with ...

6
+2
MF Growth Equity Model Test - What in the world could this possible be?

Making Gravy

2.5h model test at a MF growth equity team. No idea what growth equity modeling is. What could you even possibly do for 2.5h with no debt???? Twiddle my thumbs???? Only know how to do an LBO model where returns are through leverage... Will I be doing a DCF...? Any clue? Thanks, MG...

10
+1
Using NOL asset during acquisition?

newkid2019

Hi guys: I have a quick question on how to understand the following situation please: Let's say a fund has a holding company with significant NOL assets. How can they use the NOL assets as an advantage in the bidding process for acquiring assets (esp those sold off during bankruptcy sales process)...

3
-
-
+4
IFC - Investment Analyst in PE team - can someone shed some light please?

qwerty_mbb2

I'm currently in the middle of giving interviews for consulting firms, and my long term goal is to end up on the buy side eventually. I got to know about an opening at IFC for an entry level investment analyst role in its PE team. The Job description says that the work chiefly involves helping inve...

13
+1
Where does valuations sit in a PE Megafund? (MO/BO)

StanBoy1331

Recently offered a position to join the valuations desk at a MF. How are these positions viewed internally/externally? Are they respected jobs? I come from a non target school and wanted to use the brand name of a MF to transition to a top Grad program and go from there. Is this common, or are MO/BO...

4
+1
Want to move to PE/VC from BD...

ukwho55

Dear nice people, please help me. I do not know if I am making the right decision. Currently, I am working for a private tech company in a business development role. I have had product management background in various tech companies as well, I must say, I am can provide a comfortable life for mysel...

1
+1
Orix Capital Partners

EastCoastWestCoastWhichCoast

Curious to know if anyone here is familiar with Orix Capital Partners. Believe they have a mezzanine fund in Dallas and a more traditional buyout fund in New York. Im particularly interested in the NY fund and if anyone has any insight into the culture, success of the fund, how they are viewed on th...

3
-
+1
Sign on Bonus?

fkumonkey

Do Middle Market Private Equity funds typically pay out a sign-on bonus for post-banking Associates?...

2
+1
Credit Documentation

RedRover521

With the sensitivity/scrutiny around credit docs in the public and private markets, does anyone have recommendations, outside of experience, on how to become better versed with documentation? Haven't been able to find any recent, relevant, guides or books......

3
-
-
+1
First week

jtamron

I'm starting as an analyst at a pretty mid-level PE firm after a year as an analyst at a BB investment back. I'm nervous about my first week. Wondering what to expect. Are there usually orientations? Or do they just like drop you into it?...

1
+6
Moving to tier 3 city for dream job?

mrburn451

Question for anyone who has moved cities for a job, just curious to get some thoughts from people who are similarly aged as well as more senior folks for insights. I currently work for a small but promising industry focused PE fund in a top city (NY,SF,LA). AUM is ~$500M but returns are good and we...

17
+1
GoBuyside Apt Test

Vector1990

Anyone taken the GoBuyside aptitude test? What's been your experience with it? ...

33
+1
Big4 audit to private equity opportunity

radisrd

I was approached by a very small, 9 person private equity company based in the midwest. Website says they invest in companies with EBITDA of 4-20 million. As someone who works in Audit in the Big4, this seems like a no brainer to pursue? I've recently begun to hate audit and have started networki...

3
+3
GMAT for PE Interviews?

Davis97

Hi All, I'm currently a university senior, returning full time to the EB I interned with this past summer. While I am excited for that opportunity, I do plan to recruit for PE during the next cycle (late 2019 kickoff). That said, I wanted to gauge the importance of GMAT scores in interviews with PE...

6
+20
Just got laid off from my 3rd PE job in 4 years - help!

TMoneyNY

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...

35
-
-
+1
How do you network with the sources of capital?

angrybanana

Ok so let’s say you’re a PE associate in a shop with the usual hierarchy. How do you network so that in 5 years you know the “right” people? By right I really mean the source of capital you would need to launch your own PE shop. Yes, in these 5 years you will come to know a lot of bankers...

1
+3
Micro VC Funds?

Chicago60007

Thoughts on joining a micro VC firm? Wondering more about long-term opps and comp. Looking at a small micro VC firm that is about 1 year old with fund I at $6M. Would be joining as an associate. Any ideas on comp? Experience for bschool? Exit opps? ...

9
+3
PE Recruiting GPA Question

dsc10801

Hey guys, Just want to gauge importance of GPA in comparison to work experience, with respect to PE Associate recruiting. Coming from an ivy target here (non-HYPW), with 3.6/3.7 (should end with roughly a 3.7 — not math/Econ) and 2 summers at BB (GS/MS) and coming back to the same BB full time. ...

11
+1
Modeling Test: Option Pool Question

CEEBanker

Hi All- I’ve been working through some of the WSO LBO modeling tests from the PE guide. My question relates to the Basic LBO 2 model and the option pool. There is a dividend recap at the end of year 3 and the sponsor exits in year 7. A management option pool is exercised on exit. The formula for ...

3
+1
PE Megafunds/ UMM Funds That Do Not Require MBA

Sugartree

Which UMM / Megafunds do not require their associates to (i.e. do not have a 2 years-and-out program) go to b-school to get promoted? I know Thoma Bravo is one - any other reputable ones?...

3
+1
DragonChain

Wagner007

Was sind die Funktionen der DragonChain-Plattform? Dies ist auf Kryptowährung zurückzuführen. Wer versteht, sag es mir bitte! ...

1
0
Amerra Capital?

dvali005

Amerra Capital Headhunter reached out for an associate position at MM PE opportunity in NYC. Has anyone heard of them? Any insight on their team, interview process, comp, etc would be greatly appreciated. ...

0
+4
Mining Private Equity Firms

Tedypendah

Does 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?...

15
+1
LBO Model - Which method works best?

1 day in IB

Hey guys! So I've been preparing for my M&A interviews lately and I have a doubt regarding the LBO Model. Basicly, I have been seeing 2 different models: 1) Entry & Exit multiples are assumed and a target IRR is set but you know nothing yet about purchase price & equity use; you work out your finan...

1
-
-
-
-
-
+61
Former MS M&A / KKR here to field questions

10xleverage

In the spirit of thanksgiving, I have decided to host a thread where you can ask all you ever wanted about banking or PE. Please feel free to ask away....

255
+4
Defer PE Recruiting Until Second-Year?

j w t

It's no secret that on-cycle PE recruiting has shifted to be dramatically early (the cycle kicked off late-October most recently if I'm not mistaken), and this trend is likely to continue for the near future. As a result of the unexpectedly early start date for recruiting this past year, a lot of fi...

10
+1
VC Firms

YourB0ss

Anyone have any information on Point72 Ventures or Two Sigma Ventures? Are these reputable, high performing funds? What are some exit opportunities of these up and coming venture funds (e.g., B-School, Industry, Broader PE, etc.) Thanks!...

1
+1
Best website/data portal to research deals?

newkid2019

Hi everyone: What are some websites/data portals that you guys like to use to find what deals have been done recently, as well as information on the deal? Would really appreciate your suggestions (I realize this question might be a very beginner question esp for those who are already in the industr...

1
-
+2
Associate Title

Evianstone

I've seen a couple PE firms with post-IB positions being called "analysts". They don't have true analysts and these people function as associates. But I was wondering if this was a red flag as in they may pay below market or have the analysts do mostly cold calling. May be thinking too much into th...

6
+5
Valuing a small privately held services company

Dragon-Ash

As the title says. Have a request from a family member to value a small services business; one of the company owners is looking to sell a stake. I have solid accounting knowledge and experience with valuing publicly trading companies but no experience with small privately held companies. Prefer help...

33
+1
Asian Growth Equity ($3B+) to U.S. VC

zennan

hello everyone, I have an internship for the summer at a respected growth equity/VC firm in Asia with over $3B in AUM with a focus in tech. I go to a U.S. university/am from the U.S. and was wondering how I can take advantage of this opp. to transition to a VC firm in the U.S. for a full time posit...

1
+1
Valuation Analyst Private Equity - MF exit ops

StanBoy1331

I am considering an interview with a MF for a position within their Valuations team supporting PE. I have had internships in PE and currently am in a corp fin industry position. I have no exposure to the valuation side of PE and wanted to get people's perspective on the compensation, day to day life...

1
0
Constellation Software in Canada ?

targetmonekyhihih

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. ...

3
-
+1
Best way to discover new funds?

angrybanana

What's the best way to track new funds (primarily in London) before they are in the headlines for raising their fund? In other words, between the time the main PE principals leave their old firm and the time they announce the close of their fundraise, how can I one figure out who they are? Is there...

1
+1
MF PE Analyst Interview - Coming from Corp Dev

LBOking13

I was recently selected to interview with a MF (BX, KKR, BC, etc) next week (Random Resume Drop). The position is an FO Analyst role. I graduated last May (non-target) and currently work in Corporate Dev at a Fortune Top 5 Firm. Many things transpired during my recruiting season that eventually led ...

1
+2
Info On CSC Generation Associate Interview

lilboosie

Has anyone gone through the interview process for CSC Generation? Would like to see if anyone could provide me any color around what the interview process looks like and what kind of candidates they're looking for. Also, would like to learn more about the actual role itself from anyone who has done...

11
+1
PE Secondary Market Origination Role - Is there any way to move into deal execution?

AspiringPEVC

Hey All, First I wanted to say sorry for bombarding this forum, but I just got wind of a potential opportunity that I would love some insight on. There may be an opportunity in a PE "secondary-market" firm - essentially acting as a broker on the origination side that may be looking to hire someone ...

1
+1
Megafund=Sweatshop?

Hollywood

I was just curious, are all megafunds (KKR, TPG, BX, Carlyle...) sweatshops? Are there any megafunds where normal hours are possible?...

45
+1
Carlyle Group Summer Interview 2019

ffffml

Hi I have an interview coming up with carlyle’s strategic partners group. Has anybody interviewed with them before? Interview is with vp of distressed credit. Not sure how to prepare as most interviews I’ve guven were ib/hf...

1
+1
Investor Relations Modeling Tests?

bigcitydreamer

Currently helping a friend who is recruiting for IR jobs at PE shops after a few years in ECM at a BB. She's come across some jobs where there is a mention of a potential modeling test. Has anyone heard of modeling tests for IR positions? What would typically be involved in that? Thanks for any ...

1
0
Real Estate PE LBO - Exercises

Anna_CaSo

Dear all, I made it to final rounds at a large Real Estate PE Firm. I am a second year undergraduate student and therefore have not to much PE interview experience. I would be super happy to find any helpful material to train for Paper LBOs, as I will be given short 20-30min cases during the inter...

5
+9
"Negotiated working capital target for a deal" - what does this mean please?

newkid2019

Hi everyone: I'm just browsing some current PE associates experiences and saw some of them mention that they "negotiated working capital target" for a deal that they worked on. Pardon my ignorance, but could someone enlighten me on what does mean and how does it actually work please? How do you go ...

14
+18
Favorite Private Equity Plays?

m_1

What are some of your favorites? Always thought [this one](https://foragerfunds.com/news/dick-smith-is-the-greatest-private-equity-heist-of-all-time/) was fairly clever. ...

22
-
+1
Growth equity - modeling convention

newkid2019

Hi guys: I was wondering if someone could comment on modeling convention on the job for growth equity please? (I've only reviewed growth equity examples from breaking into wallstreet, so not sure how it is on the job). It seems that, many growth equity businesses could be in post-revenue, pre-posit...

4
-
-
-
+2
BusDev - Private Equity. Is it worth it?

NoTimeForSpace

Hey guys, I am taking an interview with a reputable middle market private equity firm for a pure business development role. I have some M&A experience under my belt, but am wondering what types of exit opps there are for this position. I don't want to paint myself into a corner where I am no long...

34
0
Blackstone - Investor relations/Business development

cocteautwin

I'm a junior at a top target and I landed an interview with Blackstone's Investor Relations and Business Development Group (London). I got it through networking, and must confess I don't know what they do exactly. Had anyone here worked with them/know if it's worth it? I think I have a pretty good...

15
0
What does the Business Development Department of a PE Firm do?

354231

I recently contacted an alumni from my school that works in the Business Development department of a MM PE firm and I am trying to become more informed of a "day in the life" in Business Development. Also, this is my first informational phone call so any additional comments or recommendations would ...

2
+3
PE Business Development Role

buckeye92

I 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. ...

3
+1
Which laptops do megafunds issue?

mushy

Hi all, kind of a silly topic but which laptops do MF give to its employees? Background: GS/MS/JPM IBD Analyst to Associate (didn't do the 2+2 but stuck with my firm as I wanted to finish a specific project) Joining: KKR/BX/Carlyle/Apollo/TPG My current firm issues Dell laptops which I rarely us...

5
-
-
-

Pages