Silver BananaTopicReplies
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PE After Graduation?Let me start by saying, no, I’m not naive lol. I’m returning to Georgetown University to finish my Economics degree that I started a few years ago. During my junior year I earned an intership with State Street, which turned into a full time job as a Client Associate dealing with institutional i...
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How do I make the best impression possible given that I'm the underdog?A little background: I graduated from a top 40 undergrad b-school with a 2.3 GPA studying finance. Honestly, I loved finance, especially pitching investment plays in school - my team had the highest ROI in my investments class with our Vice Fund (during the recession we banked on growing sales of a...
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Staying a third year as a PE associate vs. doing something nontraditionalI attended an Ivy, worked as an analyst at a BB/EB, and just began my second year as a pre-MBA associate at an upper middle market PE firm. My firm does not internally promote to senior associate and associates either go to business school or lateral to another firm. I'm planning on going the MBA ro...
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Private Equity Recruiting after 3rd Year (Consulting)How likely are PE funds to look at a candidate with 3+ years of experience Pre-MBA? i.e. 3.5-4 years I'm currently a consultant 2 years in at a T2 firm (S&, Deloitte S&O, OW) and applying for MBB as a lateral hire. Assuming I get into an MBB firm, I'd love to recruit for PE (much easier than recru...
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Exit opps for Fund MarketingDear WSO, I am a Marketing Analyst (age: 23) for a mid-market pan-Asian private equity firm (HQ in Hong Kong) assisting with PE fundraising. I have recently resigned from my position after 13 months as I did not enjoy the work I was doing and felt like I was dragging my feet to work everyday. What ...
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Working in Private Equity abroadHow tough is it to lateral to PE firms abroad? Very interested in having an international PE career in Europe, currently working in NY. Have an offer from a solid MM PE firm in Boston without international offices. Is this a good starting place, or should I turn it down and try to only recruit for ...
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From IB to VC: Pitching as an under 30 y/oFor some background on myself I'm in my mid 20s, previously worked in investment banking, and have now moved over to a VC-like incubator and asset management firm. The firm I work for is rather unique in that we've actually funded several successful companies that started internally. I've been worki...
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Aerospace & Defense | Active PEWhat are some of the most active PE firms that play in the Aerospace And Defense industry? . ...
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Updated Towerbrook reputationHey guys - was curious if anybody had any insight into Towerbrook and their rep, culture and performance. Pulling up an older thread [here](https://www.wallstreetoasis.com/forums/towerbrook-capital-reputation) - mentioned they had okay performance but was curious if this changed. They recently raise...
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Need some help for my thesis on LBO'sHi, I am currently working on my thesis regarding the European and especially the German LBO market. I am basically looking for a closed LBO deal that has the most information publicly available so I can analzye the deal as thoroughly as possible. I currently use CIQ as my database. I found out th...
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Asking, but not getting more work as an Intern?Hey Guys, So I've been working at this internship (6th week), and It started with boring work. This was to be expected, but eventually, I got to do modeling/dilligence & other interesting work. I will admit, I messed up on one thing, but my boss eventually said "just ask next time if you have a que...
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Would you live here for $200k?A lot of basis towards each coast and no love for the middle of this country. Would you take a job in one of the flyover states for $150k base, $90k(mixed Bonus) for 2 years then it jumps up VP, SVP ($400k base) etc? Corporate Development type of role with financial analyst mix. If so what city wo...
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Insight Venture Partners Networking Social?!?!?!is the networking social event for their 2019SA position necessary if i want to make it through to the next round? i'm currently based out of NJ and will take at least 1.5 hours to get into the city. I end work at 5 and the event starts at 6 so I'll have to leave work a bit early. Just how importan...
1
Peak Rock Capital - Interview - GeneralistNothing was unexpected as I knew it would be very heavily focused on consulting, however, they were very difficult for someone coming from an investment banking background. The tests were typical case studies you would see from a Bain or BCG interview and one's that I had not done in the past. You w...
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Any Venture Cap analysts out there with 2019 VC Internship advice?Im at a low tier target and am wondering whether VC's follow the usual IB / PE recruiting cycle on the east coast. Any other VC internship info appreciated....
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Private Equity/ Private Investment Divisions - Minneapolis-St.Paul?I'm coming up on graduation May of 2019 and I'm trying to prepare for the fall recruiting season. Specifically trying to move to the Minneapolis - St. Paul area. Does anyone have any info on the private equity scene in the Twin Cities area? I'm aware of some firms like Norwest and Stone Arch Capita...
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BDT Capital Partners Update?Does anyone have any updated information on BDT Capital Partners? I understand all the general information in their reputation as a "true merchant bank" where investment professionals are on both the advisory / investing side of the business, but would love to learn any more nuances of the shop (cul...
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Private Equity VP-Level Interview - Similar to Associate Level?Hey all, I'm wondering if there is a substantial difference in the type of interview questions you would get interviewing as someone coming from an investment bank at the VP level instead of the standard junior hires (analyst at IB -> associate in PE). I assume that there will be a bit more focus ...
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JUMP InvestorsWhat is JUMP Investors? I looked at their website and it said JUMP is an early and growth stage VC firm. They have apparently invested in Google, Akamai, Didi, and Lyft which is super impressive but I don't know how good they are/their reputation so if someone could let me know that would be awesome...
3
The Abraaj Group - Review - GeneralistGreat international team, opportunities to travel, pay is good, had the opportunity to work on great deals. Very male dominated culture, preference is always or at least usually given to certain races (Arabs and Pakistan) ...
HIG Capital - Review - Generalist- Possibility to work across multiple asset classes - debt or equity transactions - Flat structure - Take deal ownership at a very junior level - Mostly no weekend work and relatively good working hours. - Highly political on every level - No team spirit / very bad corporate culture - Compensation -...
+1
Doctor appointment start upHi!I'm currently working on valuation model of VC round B-C. Company as Zondoc,Uberdoc, DocDoc.Can someone provide insights or model to find, what multiples to use? Thanks....
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Bain Capital - Interview - Debt Capital MarketsMany students erroneously believe that if they are not finance/business majors, then technical questions do not apply to them. On the contrary, interviewers want to be assured that students going into the field are committed to the work they’ll be doing for the next few years, especially as many f...
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Top Venture Capital in NY?Anyone know which are the top vc firms in new york? largest by team size or aum? Or any reputable VC firm that hires analyst/associates...
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Alpine Investors - Interview - Business Development- Tell me about yourself - from your childhood until today. -> During the super day, Alpine likes to go into a "deep dive" wherein they go through various points in your life and evaluate each event's effect on your personal growth. Other questions are lumped into here, such as "what are some qualit...
Bain Capital - Review - AutosMoney is not bad considering the working hour compared to IB. I can spend more time with my family these days.. Work itself is boring. Since we basically only focusing large cap deal, we only need to participate auction led by IB....
Blackstone Group - Interview - Real EstateWhat is your opinion on the recent industry changes in retail? Please explain your technical background a bit more in detail and what implications that has in RE? The interview questions were not tough per say, they just needed you to explain in detail your understanding of real estate concepts an...
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Private Equity Firms in BostonJust a list I've compiled of some private equity firms (of varying sizes) in Boston, for those who may be interested. Feel free to add similar firms below if I've missed any! List of boston private equity firms Summit Partners Berkshire Partners HarbourVest Partners TA Associates Exaltare Capital Pa...
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PE interviews LBO modelling test - should I always add a liquidity revolver even if not being specified in the instructions?Hello everyone, I am currently preparing for a few upcoming PE-interviews and I have a question concerning the LBO modelling tests you typically do in the second round ("standard" 90-120 minute test, building model from completely blank spreadsheet). When creating the debt schedules, should I alwa...
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GPA and Undergrad reputation for PE Recruiting Hi all, I was hoping to get advice and perspective regarding GPA for prospective PE Recruiting. I am a very recent graduate of a M7 Bschool (Kellogg, Booth, CBS). I attended a small top 25 LAC in Midwest that most people wouldn't have heard (Oberlin, Macalester, Grinnell) where I graduated with a...
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Financial Institutions (FIG) Private Equity Recruiting Overview?Hi All - I was wondering how the recruiting process for Financial Institutions-Specific Private Equity (Think Pine Brook Partners, Stone Point Capital, etc. not just larger PE funds that also do FIG such as Warburg, Apollo, etc.) differs from the standard recruiting process. Can you recruit for bo...
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Determining Market Value of a Private CompanyHi, how do you determine the market value of a private company? If you are using DCF, what discount rate do you use?...
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Incoming H/S/W MBA Candidate(International) - Looking for VC InternHi everyone I'm an incoming MBA candidate at H/S/W (International candidate). Prior experience (All Asia) - 3 Years Quant Trading in BB + 1 year Op Role in Startups + 2 Years in Tier I VC, one of the successful junior investment professionals with respect to the number of deal closures and NAV mark...
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London - Most Prestigious Grad RolesWhat would you consider are the most prestigious funds (HF as well as PE) that hire graduates with 0 full-time work experience in London? (i.e. looking at opportunities you would take instead of a fulltime IBD role at GS, MS, JPM, assuming that long-term target would be buyside anyway) From the top...
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Earnout ModelingLooking for an elegant way to dynamically model a target hitting earnout targets. Context: We want our target to hit a revenue target through the period. When they hit 25%, 50%, 75%, and 100% of the target they receive a fixed payment, these hurdles are not time dependent. Problem: Assume the comp...
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Off-Cycle Pre-MBA Private Equity Recruiting for ConsultantsCurrently 2 years in at a Tier 2 consulting firm (Strategy&, OW, ATK, Deloitte S&O) New York office and recruiting for PE deal-side roles. Non-Target undergrad, strong UG GPA and SAT Scores. Case experience focused on PE due diligence. Realized deck is stacked against me here with off-cycle + non-t...
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Programming for PE?I know...I know...it sounds stupid. Probably even is. After all, private equity is known for their preference towards soft skills over Ph.D. level Math abilities. That being said, what do you guys think would be the most applicable programming language if the PE industry would require one and why?...
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Industry with strong potentialI'm doing some research as an intern for a small PE shop. I want to ask some experienced fellows on here which industries currently have target firms with strong cash flows (we're talking less than $15mm) and future potential? ...
1
Wellington Management - Review - Information Technology (IT)Great pay and good work culture. Good Managers and Job expectation are not too stressful. Great 401K plan with company contribution of 15%. Big Firm and lots of opportunities. But it is very difficult to leverage the opportunities available. ...
0
Dividend Recap ModelHi guys, I am currently building my own lbo model for one of my course and I'd like to include a dividend recap in year 3 as I assume I wasn't able to get a lot of debt at the entry. I looked in the archives but couldn't find anything pertinent. So could someone provide a template? I understand ...
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Process of PE Recruiting for MBBSo, I'm an incoming AC at MBB and I'm wondering of what the timeline is for consultants interested in PE. Is it the same as IB where recruiters start beating down your door in December (probs Oct. this year) or do I need to wait and gather some experience before recruiting. Beyond that, I have some ...
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I'm a VP in MM PE, ask me anythingI'm a VP in MM PE, ask me anything. Interview prep questions, industry questions, etc. etc. ...
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What does product specialist really entails? This role seems like a writing role in the long run.Hi guys, the nearest topic that I found through the search is wallstreetoasis(dot)com/forums/what-is-product-specialist and wallstreetoasis(dot)com/company/partners-group/interview/product-specialist-investment-writer Recently, I have progressed into the 2nd interview for the role of Private Equit...
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Final round interview - follow-upDear forum, If you met 6 people for a final round interview and they all gave you their business cards, what kind of follow-up email do you write ? One only to the most senior person, one email to the 6 people, 6 individual emails, nothing? Looking forward to reading your wise advice ;)...
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Cold Networking Before PE RecruitingI'm starting as a first year analyst at a mid-tier BB in one of the better industry coverage groups. Just graduated from a target with a good GPA in a non-finance major. After my analyst stint I'm hoping to break into a MF / large cap fund, and wanted to hear your thoughts on cold networking with a...
1
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Experience with Nautic Partners? Anyone have exp with Nautic Partners? Is this a high calibre / reputable shop? Currently a consultant and being positioned by a recruiter for a role there, had never heard of them before. And yes- copied format from Siris capital post- same situation with same questions...
2
BlackRock - Review - Powerflexibility to work from home; business casual clothing; good benefits package and 401K Matching, firm likes to keep people. very political; firm's DNA is not wired for alternative investments; compensation is below street; Firm values external hires higher than internal folks...
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Chicago Buy-Side Exit Strategy for Someone Not Local?Hey all, Looking for a little advice here. I've been in IB as an analyst for over a year now, having done a year at one bank in a product group and recently joining a new bank in the M&A group. I'm currently located in a non-Chicago midwest city at a good MM bank (Harris Williams, Baird, PJ-esque)....
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Signal Hill Equity Partners - Comments? Currently interviewing for Associate roleAnyone worked at Signal Hill Equity Partners before? Currently interviewing for PE Associate role. Appreciate any inputs around this fund/opps. It's a Toronto based PE shop. Heard around Bay street this place is going under. So unsure if it's worthwhile to quit my IB gig for this one. Anyone has an...
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Ares Management - Review - Generalistgood quality of life and good deal flow fdgsfdgf fsdgsfd gfdsfdg sgsfdsgs f gd sfdgsdfs gfsdfdgf fdgfdg. long hours fgsdgs dsfdgdg gfsfdgdsfdfg ssfgdg d fsfdgsdg sdfgsd gsdffdg sfdgsdgsdf s fdgds s dfgsfdg f...
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Experience with Siris Capital?Anyone have exp with Siris Capital? Is this a high calibre / reputable shop? Currently an mbb consultant and being positioned by a recruiter for a role there. Had never heard of them. ...
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Director, Technical Project Mgmt We are an IT consulting firm with limited knowledge as to how to navigate private equity firms who can utilize our services to streamline their client's digital processes that will help them scale and maximize profits....
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Perpetuity vs. Ebtida Multiple Discrepancies...................................................................................................................................................
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What is the Incentive for Charter Asset Management?Hi Everyone, I'm looking into a private equity position at CAM (https://charterassetmanagement.com/about-us), and I'm trying to figure out exactly what the financial appeal for the company is. I understand that charter schools value the liquidity that CAM provides, and that CAM collects their inves...
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USAA - Review - GeneralistI have really enjoyed San Antonio and USAA. It is a great environment to work in and you are rewarded for hard work.. Not a lot. Pay is generally lower than industry comparables but that is due to the location and cost of living. ...
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How to Stress Test a Financial Model?One of the projects that I've been assigned to in my MM PE internship is to run a stress test on the financial model provided by the investment bank we hired for an exit of a portfolio company. I was wondering if anyone has any experience on this and has any guidance on how to go about essentially q...
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Cerberus Buyout Fund ReputationCerberus' buyout fund seems to be in the news a lot recently. What is Cerberus' reputation these days among the top buyout funds? ...
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Can I put this on my resume?Hi, I have worked as an intern in a small search fund for the past months. It's run by two ex MBB managers with extensive experience and network in our countries PE business. A few months ago I did target screening (my main task), I discovered an interesting firm and presented it to my boss. He r...
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AMA: Mega Fund Associate - Asia Pacific EditionThis website gave me a lot of true (and not so true) information into the industry, but more importantly, the amount of comments from people who have no idea what they are talking about made me laugh a lot. So in this context I thought I would give back to the community that provided me with such ...
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Role of PE firm once target company acquisition is completed Once a PE firm completes an acquisition of their intended target, how involved is PE running the day to day of the firm? What management oversees all operations? Just trying to understand the job of private equity in regards to their portfolio companies. I heard that PE firms typically take board...
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How to add PIK into ending debt balance...............................................................................................................
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Resources to read to develop investment thesis for PE interviewsWSO Community, Anyone has any recommendations as to what industry publications can one read to develop a broad investment thesis on what could be currently attractive sectors to invest in (from a PE investor's perspective). I am hoping to use this knowledge to sensibly talk about where I would dep...
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Revolver Commitment fee - Is it included in the paydown/debt waterfall?Just curious where or if the revolver commitment fee should be included in the paydown waterfall. It's out-going cash so I'm thinking it should be included, but does it come before or after the paydown of outstanding revolver balances?...
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GS AIMS Real Estate Investment Caset StudiesHi, does anyone have any example case studies for large scale real estate PE interviews? Tx in adv!...
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How to go about starting a fund?I'm currently in CEGEP (pre university in Canada) hopefully getting to a target school and my dream has always been to open up my own fund, private equity or hedge fund not sure what because I have both a passion for the public markets and the idea of optimization, managing and fixing up a business ...
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Interview question: Guess the industry from financial statementsHey guys, I'm interviewing with a MM PE firm in Europe, and have heard that a thing they do is giving you a company's financial statements (BS, IS, CFS) and ask you to guess the company's industry. My guess would be going for obvious things like turnover, margins, capex intensity - But even then I...
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How to find investors for a durian plantation?The durian industry is seeing skyrocketing demand from China. I'm now helping a fledgling durian plantation find investors. They've structured the investment like this: 1. You buy the title to a number of trees 2. Based on how many trees you buy, you're then entitled to a proportionate share in th...
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SoftBankRecently i've seen softbank ramping up its hiring with a lot of pe associates/ib analysts/consultants. Anyone know which headhunter(s) they use? Any ideas on comp/hours/etc? Thanks....
1
PGIM Real Estate - Review - Real EstateCool boss. I wish I got to pick my team. Group project at the end. Cool guys. Cool group. Not too much stress. . No overtime. They make you work long hours but you then have to lie on your time sheet which is garbage ...
+3
Top Private Equity firms Austin, TX? I am aware that Austin may not be that big in the PE scene but just wondering if anybody has heard anything on the PE scene in Austin, Texas? ...
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Acquisitions Summer Analyst Interview: What can I expect?Monkeys, Considering there isn't extensive material on the subject - does anyone have insight regarding what I can expect for a summer analyst acquisitions interview? I have an interview coming up with a top tier REPE firm (think Blackstone/Starwood/Brookfield). Any help is appreciated!...
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Career Advice // Possible to move from CPG Marketing to PE/VC?Hi All — looking for some honest career advice here. **A bit about me:** I'm 31 and have been working in CPG for almost 7 years now. I'm currently on the brand management track (no BA or MBA) and have hustled my ass off to get to where I’m at now. It’s been a combination of sheer hard work, ...
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Offer from small VC firm - to take it or not? Hi guys. I needed an opinion on this - Currently I have an offer from a VC firm : a few months of probationary employment with a basic stipend at the end of which I will be evaluated and taken on as a full time employee accordingly. It's a $5mn fund, and almost the entire fund is deployed. Not a ve...
2
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LBO pro forma balance sheet adjustments - cash to sellerHey guys, I'm hoping you can help me with a journal entry I'm working on in a pro forma balance sheet. I'm building an LBO model and the business started with $2mm of cash. I've already created my purchase accounting entry, funding entries, transaction expenses, and deferred financing fees. Now, ...
2
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London IB Analyst Prep for American PE fundHello, I am an IB analyst in London, and I have an interview with a U.S. focused PE shop coming up. I am looking for any advice you may have for prepping for a U.S. PE fund interview. I.e. is there anything specific to the U.S. specific material that I should be looking at or expected to be tested...
1
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How Reliable is this Family Office List WebsiteAnyone try this family office list website? Thinking of purchasing but not too sure if its accurate. https:// familyofficelist. org/all-lists/...
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Dallas PE Funds?Haven't been able to find anything recent on this, anyone have any opinions on top Dallas funds? Just googling around I found the following list: NGP Encap Lone Star Insight Trive Kainos Tailwater CenterOak Redbird Highland Prophet Gauge Trinity Hunt Highlander Pharos CIC ...
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Modelling for a JVHow would you model the equity line item in the b/s for a JV whereby one entity is contributing assets and another is contributing cash?...
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45 Minute Excel TestHey everyone, I recently received an in-person interview, and the firm mentioned a 45 minute Excel test. They specified it will not be a LBO case study, so I'm curious what they could possibly test during this time. I'm imagining a 3-statement model or something of that nature. Anyone have experien...
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Hybrid Private Equity/Hedge Fund Trying to piece together which funds offer associate programs that walk the line between hedge fund and private equity in the distressed space. I know Centerbridge at one point was known for having an associate program like this (not sure if that still holds true). Any others?...
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HF to PE post-MBA - my story and seeking advice (long-time poster)! Hello all! As you can see from my King Kong status and my post history, but I've been on WSO for a long time and was a regular columnist a few years ago. I've benefited tremendously from my interactions on WSO, and now am asking again for some general advice (and will be sure to keep giving out advi...
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Post MBA IB associate to PE? How difficult will the transition be?I hear a lot of IB Analyst make the transition to PE. But would it be harder for a Post MBA IB associate to make that transition?...
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Valuation Base DateHi all, Just to provide some context, I am designing a DCF valuation for a dental practice which has been operating for +20years and was purchased by another dentist in july/17. The dentist wants to now understand how much value he is adding to the business given his operational plan/CAPEX agenda. ...
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