Silver BananaTopicReplies
KKR (Kohlberg Kravis Roberts) - Review - Private EquityGreat work life balance and exposure to the Buy side. Modeling skills and analytical industry analysis are refined through numerous projects.. Full time offers are not extended to interns due to the culture of hiring students from masters degree programs or those with IB experience + their Bachelors...
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Biggest headlines in PE Media & TelecomToday, I received an offer to chat with a media & telecom MD at a large fund. The conversation is tomorrow nad I am not prepared because media & telecom is not my area of expertise. I am going to spend until tomorrow getting smart, but I am hoping: 1. Can anyone please recommend topics to research...
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New VC Fund CompI have an opportunity to join a new seed stage VC fund by a successful entrepreneur in the Bay Area and I've been trying to figure out what comp structure and amount to ask for. It's a $60M fund with 1-2 GPs and I will be brought on as a Jr Partner/ Principal (but titles don't really matter since it...
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Why is OID considered a use of cash (LBO)? Hey guys, Been thinking about this problem for the past few hours. From a balance sheet perspective, I can see why an OID would be categorized the same as something like a financing fee, where it is netted against the debt financed and amortized over the term. However, there seems to be a conceptua...
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Private Equity/Hedge Funds based in Seattle?I'm currently a first year investment banking analyst and am beginning to think about upcoming recruiting for PE. While I know I want to stay on the west coast, I wanted to get an idea of whether there are any strong exit opportunities in Seattle (what industry, what firms, etc), or if opportunities...
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Raising Capital/Small FundWho are the best passive investors? I have people told me doctors, some lawyers, owners of small businesses. Who do you guys think?...
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Best division at Blackstone?Since applications for Blackstone SA London should be opening soon, I wanted to get some info on the different BX divisions. From what I've found on WSO, there are only a couple of posts discussing individual divisions, but how do they compare with each other? Which BX divisions are the best to go f...
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Adams Street Partners - Review - Investor RelationsWas able to work closely with upper management, gleaned several insights from the experience Relatively short working hours as compared to other roles in finance Company has excellent culture, team is friendly and willing to help . Didn't get as much exposure to overseas operations Small size of tea...
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Private equity portfolio operationsHello all, Had a general question for folks on this forum. I've been in consulting for a while now (T2 firm) and am highly interested in private equity portfolio operations based on my experience with dd's and portfolio company strategy projects. I know for traditional PE deal-team roles the recru...
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27 year old 1st Year Analyst at Elite Boutique - Shot at PE?Hi all, I have a unique opportunity / dilemma after a roller coaster of a career. Summary - I have an offer at an Elite Boutique (Evercore, Moelis, PJT) for a lateral analyst role but will be coming in as a first year analyst. It's an amazing opportunity. However, for reasons I'll explain below, ...
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Setting up Shop, How do you pay bills?I'm not setting shop I'm Still a student actually but I've always wondered for the people that go all in and attempting to set up their own PE or REPE fund and all fundraising and initial setup fees, how do you guys survive ? Savings? Living off partners comp? Etc. I mean you still have to pay bill...
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StarwoodAnyone know of LBC Credit Partners, HQ is in Philadelphia. PE Debt Fund, mostly senior secured I think. Fairly large I believe in AUM and staff. Curious if anyone knows of their reputation in the market, culture, pay, advancement opps, etc.? Thanks in advance. ...
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http://supplement4help.com/surgexon/pedophile profile: The pedophile is usually a man over 30 years old and frequented in places where there are children such as sports grounds, internet cafes, playgrounds. He often works with children and can not be excluded from being "beyond any suspicion". In many cases he is a well-known member o...
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Mega fund summer analyst interview need helpTomorrow I have first round phone interview with a mega fund think (KKR, BX, Apollo) for their leveraged credit SA intern position. This will be my first interview with a PE firm and am looking for general advice on how to prepare. What should I for sure have down? What are they looking for in these...
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My Private Equity Recruiting ProcessI am about 3 weeks removed from receiving three PE offers (from MFs and top MM firms), both elated and relieved to be done with such a crazy process. I saw that another user commented saying he’d do a write-up about his experience going through the recruiting process and figured I’d wait to writ...
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What LPs look for in a PE fund (fundraising advice)I had gotten a lot of questions about fundraising. LPs are very straightforward actually. There are some unwritten rules to this game you have to understand and follow. They care about decent returns and a repeatable and consistent strategy. LPs are happier with a consistent 20% return, as opposed ...
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Day to Day Life of a Private Equity Analyst?I was hoping to gain insight in the day to day activities of an analyst at a PE firm, any thoughts as I navigate the possibility of this career option?...
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Is It Worth Leaving This Job?All, Facing a slight dilemma here. I'm currently a RM at a big 4 bank where I'm responsible for managing a portfolio of ~$200MM. An investment manager (FoF/Family office/etc) focusing on alternatives (10-20B AUM) reached out and asked if I'd be interested in joining as a VP (asset allocation, clien...
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Is Audit the worst??Not sure if this is the right place to post but I'm looking for some advice on a potential Audit internship. I started college intending to work for the UN or something but I recently changed my mind and am interested in a financial career- I don't know much yet but I think I'm interested in Private...
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How many interviews before getting the job?To my private equity associates out there, how many interviews did you go through to land a job on the buyside?...
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https://shonachat.com/rapid-tone-diet-reviews/motivate women to become more beautiful. - Within me, I always think that I'm a kid, and I do not want to grow old. Therefore, men, relationships, short attire and partying did not pay attention and were given attention until I was 19 years old or older. But when I was in college, I began to reali...
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BlackRock - Interview - Private Equitythey go really deep in term of your experience. When I mentioned my experience last summer in a real estate private equity company, they go really into detail and ask about my experience in the firm. They asked how exactly I did the due diligence process for the buildings, and what exactly did I do ...
Stripes Group - Interview - GeneralistNothing difficult on unexpected. They really were interested in important metrics I knew about my company or what metrics I would look for given my knowledge of the industry. I guess you could say it was unexpected that the second round really focused on my interests and personality and the company ...
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Growth Equity InsightsDoes anyone have any information about Insight Venture Partners, Lead Edge Capital, or Summit? I know they have a sourcing model, but what's it like specifically? Had an interview with a similar GE shop where they said my one year of consulting could be too much for the Analyst level role. Any and a...
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Difficult decisions to make...I am wrapping up my MBA from a top business school. Background is 2/2+ IB/PE... So I am in a decent situation... I dont want to go back to IB however, I have a couple gigs on the back burner.... I am in the process with a PE firm $500m AUM (first fund) and a Fortune 100 Corp Dev position (on the lo...
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PE Fund of Funds Co-investments and Secondaries Analyst Exit Oppsfjasd;flkajsdfa;sldkfjasd;flkjasdf;lakjsdf;alskdjfa;lsfjas;ldfjkas;dlfkjasd;flkjasdf;jfjjckcjjfjdjdj...
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2018 Private Equity Recruiting Prep1) Would anyone like to trade old modeling tests? I have some really good ones I've accumulated but need more practice 2) If anyone would otherwise like to prep together, please PM me...
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Value of Buyout Experience if Ultimate Goal is Growth / VCHi guys - longtime lurker here. I'm thinking about the next recruiting cycle, and I was just wondering if you guys think there is value in pursuing a solid PE associate program if you know your ultimate goal is to do tech-focused growth equity or VC? Are the technical skills you develop in doing MF ...
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RBC Capital Markets - Interview - Debt Capital MarketsNothing. All standard behaviour questions. Know how to deal with basic finance questions and be able to talk about yourself and the firm. I was easy and I have to fill up words. 123djdsgsdkfhbhajfbdhjfbdfhjbdfhjdbsfjhdbfhjdbfhdbfhdfbdhbfdhfdddddsserooww2dfdfhdghfjghjhjhjhjhjhjh23djdsgsdkfhbhajfbdhjf...
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Post MBA compHow much would a post MBA Hire make at PE firm? It really doesn't matter if it's called senior associate or VP basically the job you get post MBA. I am specifically referring to firms whose last funds are 4-5bn+ I.e they may manage 8-10bn+ In total AUM. These would encompass what people on this sit...
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Debt Funds in ChicagoWhat is WSO's take on some of the Debt funds in Chicago? What is the career path like? Skills that one would obtain working at one vs traditional buyside? Will I become the queen/king of debt? Thoughts on comp and hours? Maranon Capital Hancock Capital Management Golub Midwest Mezzanine Funds Dee...
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SIDE INCOME Anyone here actually saves up his money builds either a portfolio for public markets, Real estate or buys a small business 500k-5 million$ as a side hustle to make money? I don't really understand how some people who work in finance do something like personal branding as a side hustle and not use th...
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Blackstone Group - Review - N/Aaaaaaaaaaaaaaaaaaaa aaaaaaaaaaaaaaaaaaa aaaaaaaaaaaaaaaaaaa aaaaaaaaaaaaaaaaaaa aaaaaaaaaaaaaaaaaaa aaaaaaaaaaaaaaaaaaa aaaaaaaaaaaaaaaaaaa aaaaaaaaaaaaaaaaaaa aaaaaaaaaaaaaaaaaaa aaaaaaaaaaaaaaaaaaa aaaaaaaaaaaaaaaaaaa aaaaaaaaaaaaaaaaaaa . aaaaaaaaaaaaaaaaaaa aaaaaaaaaaaaaaaaaaa aaaaaaaaaaaaaaaaaa...
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Any Insights on Wafra Inc? Received an offer and can't find much on them.Hi Forum, I have been approached and will potentially be offered a job by [Wafra](https://www.wafra.com/), a $23 billion NY-based fund backed by a large Kuwaiti pension fund, but I'm struggling to find much on them. I'm a bit hesitant because they are fully backed by Kuwaiti government entities, so...
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JMI Equity - Review - GeneralistGreat team - not a very formal structure; team is jelled together well and works hand in hand with senior staff. Analyst program is exclusively dependent on sourcing - there is no deal execution whatsoever - only after 2nd year...
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Placement agent - private equity fundraising job Hello, I have a case study round with a top tier placement agent (think greenhill, lazard, pjt/parkhill) for private equity fundraising. Could anyone give me some insight on what to prepare for? The case study will take c.90mins. Many Thanks, Falcon ...
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Hg: Tech MM PE - Thoughts?Hg is a technology MM PE fund operating in Europe. They’re investing out of a flagship MM fund, a growth fund and a newly raised large cap fund. Focus on technology and services (think very “book heavy”, SaaS companies) They’re interviewing for an investment role, and was keen to understand...
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AlixPartners...thoughts on reputation and compensation?Can anyone share their experience (past or current)? I know the workload is intense, but curious to see if anyone can share their personal experience....
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Private Equity Recruiting Guide'Tis the season... Key tips: 1. Making a good early impression within your banking group is key (better staffings, recommendations to firms, & help with headhunters) 2. Talk to older analysts who have been through the process 3. Ask for old modeling templates and tests (PE firms recycle modeling te...
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VC Analyst Comp - Family Office Type FundHi all- First post, have been a lurker over the years. I have a question about comp I graduated from a top 30 school in 2017 with a BA in Economics/Finance. I have been working as an Analyst at a $100M venture fund focused on enterprise SaaS and tech-enabled business services. Vibe is definitel...
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Corp Dev @ Surveymonkey/Salesforce good springboard to Growth or VC?Hello all, I realize there is a very similar post on this forum, but I wanted to get very specific here and ask if an analyst corp dev role at one of the two aforementioned companies is a good pathway into top tier VCs or Growth Equity funds? Thanks in advance for any input!...
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Is this a good job to pursue? - Private EquityI don't know anything about PE, bit I heard it's great experience. I was alerted about an accounting position for a portfolio. The portfolio buys other companies, so I believe that would make it a PE firm in itself. (A company can be both a portfolio and a PE, I'm assuming.) What doors could this po...
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Keeping own excel model of waterfall structure for investor returns or outsourcing to a 3rd party software company?So I am likely going to be launching a RE Private Equity firm, rather small, for residential homes... probably $10m of property in the first year, $30M in the second, $75M in the third (we'll see!) I want to have as much administrative, accounting and presentation function automated as possible... ...
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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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Early exit to small PE firmHi guys, New account to discuss early exit from banking. My situation is as follows: I received a FT analyst offer for a top team at (MS, JPM, GS). My long term plan has been PE for quite some time and I looked at IB as educational path to get there. However, I have been in touch with a few recru...
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PE recruitment - recruiter list LONDON 2017Dear WSO, This topic has been brought up earlier, although the most recent thread for London recruitment that I have been able to find dates back to 2012. Thus, I felt it could be time for an update of relevant PE recruiters in London, for all the newly started monkeys who are dreaming of making th...
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Career prospects after doing Renewable Energy / Sustainable Tech PE/VCHi guys Was wondering what sort of career prospects are there from doing some time in a renewable energy / sustainable tech growth capital / venture capital firm? Could one move onto a more traditional VC firm? Funds raised are worth 100-200m a piece (not sure how many currently though) and part ...
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Reaching out to recruiters vs having friends at BB giving warm introHello all, I am currently a first year analyst at a relatively well known LMM PE fund looking to transition somewhere else ideally within the MM/growth space. Naturally, not many headhunters have not reached out because I'm not on their 1st year IB analyst pipeline, although I have several friends ...
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SME HoldCo Buying 70% of an industrial company, how to think about leverage?Hi, I am wondering how to think about/model the following situation from a financing perspective for bank negotiations. I am managing our family HoldCo, focusing on small businesses. We currently have one subsidiary/portfolio company, and are looking to acquire another business (entirely separa...
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Corp Dev ---> VC/PE?Question about career path feasibility... I might have the chance to work as an analyst in the corporate development or corporate ventures arm of a top tech company (won't name names to remain anon). After doing this for a year or two, is it possible/common to exit to (a) a top VC firm, (b) Growth ...
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What would you do in my shoes? First, apologies in advance for the fishbaiting title. Feel free to MS me for it if the below does not interest you. To the rest - Hello! Long time lurker here. Similar to others, I have found the WSO community to be incredibly helpful in my career decisions and to follow suit, I would like to ask ...
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Thank You Email After Private Equity Interview?Just had an interview with a buyout fund. If you send a thank you email and they respond with a response saying feel free to get in touch if you have any additional questions about the process or the role, should I respond back with a thank you? Or should I just leave it at that and keep it professi...
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Raising a significantly larger fund - reasonable to ask for a raise once closed?Hi all - first time poster here. I currently am a 2nd year associate at a small tech-focused growth equity shop with 4 people and we are in process raising a fund (~$125-150mm) which is significantly larger than our previous ones. Do you think it is reasonable / acceptable to ask for a raise in co...
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Venture Capital Salary versus BB and Private EquityHi everyone. I wanted to get some candid advice from all of you about a job I'm thinking about taking. It is a VC role at a top-tier firm. I'm being directly hired as an associate (so I'll skip the two-year analyst role). My only concern is that I believe that the salary is slightly low. I'll basica...
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How does one reset career after failure / taking a gamble that didn't work?My story - and your advice is sought. Fresh from MBA, 10 years ago, I was in UBS/CS/BAML London, but then moved to Asia to join an strong regional player in a rotational program that trained us in 4 month increments in ECM, REPE, PE and S&T. I wanted to be in Asia, and the training was a rare oppor...
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Dilemma: PE vs. Working Abroad?Background: Went to a West Coast undergrad and just finished up 1 year working FT in a coverage group at a BB (BAML/Barc/Citi/CS) in NYC. I took the GMAT and scored a 750, and am very set on attending business school in 3 years. I just received an offer to work in my bank's Tokyo office as a genera...
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Invus Group Private EquityAny thoughts on these guys? Reputation/brand, returns, culture/hours, b-school, etc.? Can't find much on wso. Thanks!...
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The PE interview LBO: how to get up to speed and how long will it take?Hey, So I’m preparing for PE recruiting, based on recent cycles, what is THE best most efficient manner to master the LBO modeling prep needed to crush any form of the LBO modeling needed for interviews? And how LONG will this prep take? Assume I am not in a product Group building LBOs all day. ...
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PE interview for an internshipHi Monkeys Friend of mine has asked me how to prepare for an internship interview in PE. I have never experienced interviewing at that level of PE. I've told him to look at technicals / paper LBO etc What would you suggest he focuses on? He has been told to prepare equally between technicals...
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Best path to private equity at BlackstoneHi everyone. I am new on WSO and happy to be involved. Currently I am 15 years old living in Canada. I am extremely interested in working in the private equity business, particularly at BX. Hopefully I would even make partner at some point. Although this goal is lucrative, I do understand it is ove...
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Tax on a firm taking venture capitalI have a question regarding the first year taxes on a firm taking venture capital funding under two possible scenarios. One scenario involves the investing firm taking a percentage of ownership and the second involves them taking royalties on prroducts sold. Does the receiving firm pay tax on ...
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Dilemma: Take Offer at FAANG Company vs try for MBA->MBB to get into VCFor the past two years, I've been trying to get a VC Associate position and have networked with Partners/Associates from around 30+ funds. I've had numerous in-person coffee chats, over the phone networking calls, and even interviewed twice (one time making it into the 5th round of the interview pro...
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BDCs Investing in Companies with Under $10M in Revenue?Does anyone know of a BDC (pubco or not) that does deals with companies that have under $10M in revenue/between $1M - $3M in EBITDA?...
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Third Year MM PE Associate Taking QuestionsMM PE Associate. Seems like some people find these useful. Experience: Non-target undergrad; MM non-NYC banking role (2 years); now MM PE Associate (starting third year) (non-NYC). I think these are less useful than IB analyst AMAs because the job is so much more variable based on conversations I'...
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Good books to read to help prepare for a job in private equity? (Not recruiting books / guides)Hello all - any good book recommendations to prepare for a career in PE? For reference, I'm about to finish my first year in banking and have a PE job lined up for summer 2018. Trying to make the most of my next year to help with the transition into the PE role. Any and all help is much appreciated....
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Investment Banking to Private Equity - 6 Things You Should Know1. Why not just try to start with a PE firm? There are PE firms that hire juniors out of undergrad. However, this 99.99% of the time is in a sub-associate role. In other words, you would be junior to me. I'm only pointing this out because I don't want you to think that a person out of undergrad is g...
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The Promised Land of Private Equity Turned out to be a "Monster Land"I spent 3 years in bulge bracket bank covering awesome tech companies. Banking was great for me can't complain much. The culture in my group was amazing, the people I worked with were fantastic. Lots of social events, group lunch breaks and coffee chats. But like everyone else I was trying to swit...
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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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Consulting to Private EquityQuick Bio: Graduated last year from a target school and had offers from Elite Boutique IBs and 2nd tier consulting firms. I ultimately went the consulting route and ended up at Accenture MC/Deloitte S&O/PwC MC. I was competitive for MBB (Top ECs/Grades) as well but honestly those firms didn't recrui...
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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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Vista Equity Partners - Interview - Private EquityThey want you to know a lot about the technology industry as well as their portfolio companies. Know the tech business model, revenue streams, which ones are good and bad, what Vista looks for in investments. You should also know their tech companies, which ones you followed, which ones are the best...
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How Do I Get Into Private Equity?For those that don't know, private equity firms invest in a company, take a majority stake, improve the company and then exit their investment at a large profit. In order to magnify returns, PE firms make use of leverage (borrowed money) to conduct Leveraged Buyouts (LBOs). Read a detailed guide t...
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Blackstone Group - Review - Private EquityGiven real responsibility right from the start, team was very willing to provide help to interns, great focus on creating a good team culture.. There could have been better feedback provided on areas of improvement and this feedback could have been provided earlier in the internship....
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Consulting, MBA, PE FoF. Breaking into PE direct?Hi everyone, here my long story in short: 5 yrs strategy consulting tier 1/2, MBA top 5 worldwide, M&A for an institutional bank, now entering as VP into an LP/ PE FoF, where I will focus 50% on direct coinvestments. Got exp in strategy and operational consulting over large companies, portfolio co...
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Google - Review - GeneralistI have been working at DeepMind full-time (Less than a year) Pros Great people, hard workers, culture is innovative and exciting - but still remains warm. Feels like a massive family. Couldn't be happier.. Cons It is chaotic to work here, due to growth - but personally, I don't see that as a down...
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Private Credit / Venture Case Study - Model NeededIn process with a venture bank and received a case study in which I need to analyze whether a company should be given a debt facility and if so, how to structure it. Given monthly financials going back 1.5 yrs plus some industry info. I'm familiar with equity models but not sure how to tackle this o...
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Does post-MBA VC require pre-MBA VC experience?Here's a hypothetical: - HYPS undergrad (engineering major) - 2 years MBB analyst - enrolled in HBS/GSB Is it possible to get VC internships (specifically tech VCs) after 1st year of business school with these credentials? If so, which kind of firms? What about full-time? Thanks in advance. ...
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Venture Capital BibleHi, I want to apply for an VC-internship this summer. Till then I will do the BIWS Fundamentals Course to gain some technical knowledge in modeling. Besides that, can anyone recommend ressources to gain knowledge in VC? Is there any 'must read bilbe' of VC that you guys can recommend? Greetings ...
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Carlyle Group - Review - Financial ServicesWell known company name that should be helpful in the future. There is a general sense of working together. There are long work hours ahead, especially in the busy season. There is a very corporate environment. ...
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TZP Group Associate InterviewHas anyone had experience recruiting with TZP group in New York? If so, what was the interview process like for associates and what is the best way to prepare?...
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Ares Management - Interview - Private EquityThey simply ask you some questions, in the beginning, like tell me about yourself, then why private equity, and then ask you why Ares. The technical side is more difficult. A question was the standard $10 of depreciation question. Another was asking which company would you invest in. They gave us tw...
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PE Owned Company - FP&AAll - I had a question regarding working in FP&A at a portfolio company of a PE. The salary is great, especially when adjusting for cost of living and this position would get me closer to family. The benefits are not so great, however.. No bonus 401k, etc. Also, my fear is that it would be a shor...
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China International Capital Corporation - Review - Private EquityGreat exposure to real business. Assos and VPs are nice and coaching. Company provides teas and milk.. Long working hours, and you have to stand by everyday including weekend. You can seldom have dinner with full time employee....

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