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+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...

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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...

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+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...

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+1
Personal co-invest options & opinions

Cries

deleted, lack of input ...

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+7
New York Technology Focused Buyout Shops

Cosa-Nostra

Hey guys – I wanted to try and get a list of some reputable buyout shops (not growth equity) that participate in internet/software buyouts. I know that the majority of these are located in San Francisco/Palo Alto/Menlo Park. However, there are a few such as Siris Capital (web.com buyout) that are ...

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Blackrock Private Equity Partners

nontargetPSD92

Anybody know anything about the group? Have a super day with their New Jersey office in a couple days. Mostly FoF? How much direct? What do exit ops look like?...

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Non-Target > Back Office > Family Office > Private Equity

ntbofo2

Hi all, I've been reading this site for a long time; think it's time to give back a bit if I can. My path has probably been the most non-traditional I've ever seen on WSO, so I created a burner account to answer any questions you may have. If someone somehow figures out who I am, please keep it to y...

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UMM PE shops specific culture and lifestyle

blahh23

Can anyone elaborate on culture / hours / lifestyle at the below firms? Looking for specifics if possible - AEA - AmSec - Berkshire - H&F - LG - NMC Thanks!!...

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MF vs Smaller PE

Supreme Leader

At a megafund like Carlyle/KKR, do you still have to deal with "banker like" conditions? MDs who dont respect your time, meaningless work, pitching etc.? What additional responsibility do you get with a megafund?...

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LMM cross- capital structure funds

CU04

Hi guys: Was curious if any one here might be familiar with what one’s career path might look like after working in LMM cross-capital structure investment funds please? My understanding is that one can continue to do LMM/MM PE, or move on to focus more on credit - if credit, would this kind of ex...

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+5
VP Carry

MOICMarathoner

Promoted late in fund cycle from Senior Associate to VP - had a small portion of carry at that role but biggest adjustment was to salary. The GP is 6 people (1 founder, 3 principals/MDs, 2 VPs). Assuming a $300m fund, what would one expect VP carry to be?...

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Early Stage VC to Late Stage / Growth Equity

SCZealot

Hello - I recently left an early stage VC role as an associate to take some time off and pursue a couple side projects. Now that I'm nearly complete with my side projects I'm looking to re-join a tech investing firm. However, after much reflection, I think I want to move later-stage, more so growth ...

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Private Equity Valuation Question

Kershaw22

I was asked a question about private equity valuation in an interview but was stuck on it. The interviewer was generous enough to let me think about it and come back to them in the next interview. The question was, in which scenarios would a Class B pref be worth less than a Class A pref, assuming ...

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Placement and advisory groups

Halloumi

Hi all, I was wondering if someone would be able to give an insight into placement and advisory firms such as Campbell Lutyens, MVision, Athos Partners, Asante, Rede Partners, etc.. It would be great if someone can provide an insight into these type of firms; what the role/typical day to day woul...

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Transition from Renewable Energy

lalamu112

Hi all, Been a long time user here and need your inputs, I am currently working as an investment analyst for a mid-sized fund based in Canada that invests primarily in renewable energy assets (solar, wind, biomass, various different forms of flexible capacity). My main responsibilities are runni...

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+7
PE > Startup > ?

h3dgehog

Some of those on this forum may recall my "how I got to the buyside" post, but for those who haven't, I am an associate at a private equity firm focused on a very niche industry. While life at my firm has been great, I have been dabbling in the startup world by cofounding an early stage startup wh...

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MF Direct Lending to MF PE

Cabepusher-9999

Has anyone ever seen someone move from doing Direct Lending at a MF to PE at another MF/UMM fund? Realize it's a lot harder than you think to make the switch, just trying to get a feel on how difficult it is. Thanks....

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Laid Off Less than 1 Year into PE Associate Role

DRB2018

As the title describes, I was laid off about 8 months into my role as an associate for a boutique acquisition firm. The lay offs happened across the board and were not due to my performance. I was working in a non finance hub for the first year so I will need to be moving to a hub most likely for th...

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Big 4 M&A - Exit options??

hello12345678---9

What are the Big 4 M&A exit options? Are they considered good firms? Can you move into GE/PE? Firm is based in Israel, does this limit exit options?*...

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+7
Moving to Buy-Side in a Recessionary Environment

BullMarket23

IB analyst thinking about next steps in my career and move to buy-side. Given we're on the verge of entering a recession, are there certain PE/HF investment strategies that people expect to fare better than others? Would love to get peoples thoughts. - Is it a good time to enter PE since so many fu...

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How does this make sense?

Armhoo1

Read this article on Bloomberg recently. https://www.bloomberg.com/news/articles/2019-01-04/leveraged-loan-investors-worry-good-times-will-soon-haunt-them Basically, lending standards are so loose right now that private equity sponsors can sell off collateral, or even isolate assets intentionall...

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From IB to operationally focused upper MM funds (BainCap, H&F, Golden Gate)

PEPlaceholder

Hi guys, Does anyone have experience recruiting for the consultant friendly operationally focused upper middle market funds coming from IB in Europe (e.g. Bain Capital, Helman & Friedman, Advent, EQT)? Did you perceive to be at an disadvantage compared to consultants (as is the case for consultants...

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Future of PE Strategies

bananabanker978

Will traditional buyout go out over the long-term? Will firms that do only buyout start shifting their focus to growth, distressed, etc? Which strategies will go mainstream?...

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Corporate Banking to VC/PE?

Wild_Wrangler

I am having trouble breaking into investment banking from consulting and landed a corporate banking role. It might be my only door into finance. I really want to get into VC or PE one day and am okay with small shops, not aiming for bulge brackets or prestigious PE shops. Would any of the routes be...

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Is Booth or Kellogg worth it?

confusedaboutMBAforPE

Currently a 2nd year PE associate at a MM fund (~$3-5Bn AUM) recently heard back from MBA schools. Ding/Waitlist at HBS/GSB, in at Wharton, Booth and Kellogg. I really did not like the vibe at Wharton but really enjoyed Booth and Kellogg when I visited and feel like I would be happy at either school...

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Can you move from Deal Strategy at PWC into PE? What are the most realistic exit opportunities?

answermethis

I have only managed to land a Deal Strategy role at PWC (awkward time of year to recruit, plus finding a visa sponsor in another country left me with only this choice). I was wondering, would it be possible to go into Private Equity/VC after this? Otherwise, what are the most realistic exit opport...

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Best book to learn tax for investment banking / private equity?

canada_money

Does anyone have any recommendations for the best book to learn tax concepts relevant to investment banking or private equity? Despite the importance of tax it seems to be glossed over in most finance textbooks....

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Top PE/VC Firms in Nashville

rightkickhospital

Hey All, Hope everyone is doing well. I was wondering - does anyone have any experience or know of the top PE/VC firms in the greater Nashville area? I'm currently working in strategy/advisory/analytics at a top tech company in the NYC area (I'm ~mid-level with 10ish years of experience). My wi...

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35% Salary Cut for Career Change

lagondavantage

Hi, I am an analyst in S&T having worked for 1.5 years as a graduate analyst. I am really keen on investments. Having worked in markets in a sales role, it has provided me with opportunities to learn about the big picture and interconnectivity of various asset classes which I do appreciate. However...

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Typical D&A as a percent of revenue or EBITDA in SaaS companies?

Back 2 Banking

I have to build a model and I don't know D&A. I need to figure out a % of revenue or EBITDA as a proxy for D&A. Any ideas? Thanks...

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Independent Sponsor/Fundless Sponsor Experience

Jv55

Hi monkeys, I made it to the final round at an independent sponsor for an analyst gig. The firm is small, ...

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+1
Advice please: have an interview with Flexpoint Ford (FIG PE shop) and don't know jack diddly squat about FIG

Here to Flex

Happy New Year. I had this interview fall out of the sky and I've never done shit in the FIG space. I'm not an idiot and will be spending from now until the interview getting smart on the sector and unearthing something unique about some possible FIG investments, but given that I know literally ze...

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PE Interview - Case Study Help (Urgent)

kanon

I've got a case study interview coming up in 1-2 wks. It's 3 hours to read the case, do financial analysis, and prepare a presentation/report. I haven't gotten much clarity from the firm on the amount of financial analysis that needs to be done (re: build a simple lbo model, or do some easier cal...

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Trive Capital in Dallas?

onetimethrowaway2019

Anyone know anything about them? I saw some stuff about them in one of the Dallas threads and it seems like they've been very active lately. Input on culture, comp, recruiting etc. would be helpful, thanks....

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GIC Global Investments, Strategy & Risk role

Thats okay

Hi All, Just wanted to gather what your thoughts were on this role by GIC: 'The Global Investment, Strategy and Risk group (GISR) is based in Singapore and plays a key role in helping the PE CIO and senior management evaluate investments, develop investment strategy, and define the role of PE with...

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+1
Financial Modeling in PE?

Armhoo1

I'm looking to break into PE in the next few months. My background is in MM lending and some LevFin, however I didn't do much modeling. The bank I worked for had a modeling template we used. Plus there was more emphasis on historical performance and collateral. My question is, how much financial ...

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CDC Group Interview (Private Equity Direct)

next_era_gent

I have an upcoming interview with the CDC Group (http://www.cdcgroup.com/) Any thoughts on what I should expect? (Outside of the regular walk me through resume type Qs) I assume it will be tailored to impact investing - anyone done an interview with IFC? Would assume it would be similar ...

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Building a book of institutional investors

bobste

If this is more inline with another forum please move it. I am wondering about the tactics to build a network of institutional investors for things like private placements, prime brokerage, and investment banking. I would think most work at a lower level and develop clients within the firm or firms...

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Goldman Sachs Private Equity Group (PEG)

NYRaised

Anyone know what typical total comp is at the analyst/associate/etc. level? Currently a senior at a top ivy and also wondering about culture etc...

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Top Questions to Ask PE Funds

JensensAlpha

All, Hoping to get some knowledge from the forum and see if you have used any insightful questions to ask associates / VP's at various PE funds. Trying to boil down a few questions that can shed some light on the fund, responsibilities, growth etc. Please let me know if you guys have any that ha...

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SAT Score for PE Recruiting

ThrowAwayGuy

Hey guys, 2 questions: 1) Why do PE firms care about your SAT/ACT score? Sure, it's a way to compare applicants on an "even playing field," but it's ridiculous to look at a test score you received your junior or senior of high school, especially if you went to a top ivy league college and work at a...

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How Important is Undergrad in On-Cycle PE Recruiting if in a Top Group

Number Crunching Warrior

Hi Everyone, I was wondering how important the school you went to for undergrad is in PE recruiting, especially now since first year analysts have very little deal experience prior to interviews. Personally, I am not 100% sold on PE but am interested so was just curious. I have seen briefly ment...

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Private Equity Internship - London

AndreaKazinsky

Hi guys, I am about to graduate in engineering (MSc) from a top engineering school in Europe (think Oxbridge) and did an internship with a returning offer in a tier 1 consulting firm (MBB) - not London office though. I am really looking to break into PE - either long term post MBA or now by possibly...

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+3
Levering as much debt in an LBO?

sffinance321

If you could lever up let's say hypothetically 99% in the capital structure of a potential target in an LBO, would you do it? Why and why not? My guess is that yes, in concept the more debt you take on over your own equity, the higher returns PE funds will find, but there is a risk that comes into ...

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PE Co-Investment Analysis

neil91

For people that do private equity co-investments alongside General Partners, what does your analysis tend to focus on? Do you tend to create your own models or are you modifying assumptions and casing the GP's model? ...

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+3
Why Direct when you can invest in Secondaries?

George Wonder

Why would anyone invest in a Direct PE fund when you can invest in Secondaries? The reason I ask is because I've consistently seen Secondaries outperform Direct funds on an IRR-basis (thx j-curve mitigation). There also seems to be significantly less risk given that a Secondary investor holds insigh...

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Back Office to Real Estate Front Office at a major PE shop (Carlyle, BX, KKR, etc.)

BubbaBanker

I know there's been a lot said about this, what I wanted to get a feel for some more recent accounts people had. I'm wondering whether anyone has had any luck in transitioning from a back office role (accounting, operations, etc.) in larger PE shops into more front office roles, particularly in the ...

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Top Tier Growth Equity Associate Compensation?

growthequity_throwaway

Was wondering what type of comp to expect as a 1st/2nd year associate at a top growth equity fund (think $5B+ AUM, does late stage venture deals) 1st Year analyst comp is ~150-170k What does comp progression look like after that? What late stage venture firms are known for paying more/less?...

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BlackRock Raising a $10-$20bn direct PE investment fund, “Long Term Private Capital”

Did I get ghosted

Has anybody heard about this group? They’re raising a $10-$20bn fund and I’m interested to hear any news or gossip that fellow monkeys may have...

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Private Equity vs Venture Capital

sangon

Hello everyone, I live in a emergent country with high growth expectation and i was a intern for 1 year in a top-tier IB boutique. I just finished my university and received two analyst job offers from the biggest national PE fund of my country and from the biggest national VC fund of my country....

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Blackstone Future Women Leaders Program 2019

Bankergal223

Hi everyone, just wondering -- has anyone heard back about phone interviews for the 2019 Blackstone Future Women Leaders Program? Not sure if I was supposed to receive any notification by now....

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Internship: Infra-PE or impact-VC?

vashdun

Hi. I'm a sophomore in search for an internship gig for my 2nd summer. Background: west coast (if that matters), econ+psych double major at a semi target, did a risk intern gig at a big 4 during freshman summer. Which internship would be better in general? My career interests after graduating underg...

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Portfolio Ops in a PE firm?

skullbasher137

Hi all, recruiter reached out about a tech strat role in portfolio ops at a major PE firm. I'm from a tech consulting background, and it seems very interesting to me (I like being operational and want to learn how to run companies). Any thoughts on this type of role and its progression? Thanks!...

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Is BCG a viable path to Private Equity?

Brian-Seabrooks

I'll be doing a summer internship at BCG San Francisco this summer. I'm wondering if this is a viable path towards working in private equity. My goal is to do 2 years of consulting after college and then look for an operationally focused private equity role after going to business school. Also, I'm ...

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Mining LBOs

PeterKay

Hey all, Just wondering whether anyone can think of LBOs of listed mining companies. Had a search and couldn't find much. Thanks...

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On-Cycle vs. Off-Cycle PE Recruiting

dontbugme

How difficult is off-cycle recruiting compared to that of on-cycle? Does anyone at a PE firm currently know how many applicants you usually look at during off-cycle processes? ...

1
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Buyside Jobs out of Undergrad

curiousinvesting

How do the people who get jobs at places like Silver Lake, Silver Point, and Blackstone do it? Are they just smarter, do they work harder, is it connections? And how do those jobs compare to top banking jobs at GS, MS or EBs?...

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Main Post Partners - Growth Equity Job Posting

hdittman

Main Post Partners, a consumer-focused growth equity firm, is seeking an Analyst to join its investment team in early 2019. **Firm Overview** Main Post Partners is a San Francisco-based private equity firm with deep experience investing in growth companies across the consumer value chain. In Novem...

1
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Restructuring Compensation w/Equity Kicker

RedRover521

I'm considering an opportunity at a MM restructuring firm (not NYC) and am curious what comp generally looks like at an Associate level. I was told that every restructuring that this group assists with has a Director and an Associate running it. Each person has an equity kicker so performance is obv...

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Canadian PE - which firms have spring and summer internship programs?

CU04

Hi guys: A quick question please - do you guys know which Canadian PE firms run spring internships (aside from PSP for Quebec schools), and what the timeline for these generally are please? Similar questions for summer - I've seen occasional postings from Brookfield - but is this something they oft...

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Two Sigma Ventures

Did I get ghosted

Any information on: (1) specialization, as they've done many investments recently, (2) what differentiates them (3) how they're situated within Two Sigma as a whole (their SEC form D [linked here](https://www.streetinsider.com/SEC+Filings/Form+D+Two+Sigma+Ventures+III%2C/14912083.html) doesn't list ...

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Interviewed a week before Christmas. When do I hear back?

a01071

Hi. I was interviewed with a mid-cap PE firm last week, and I am still waiting for the result. The last interview was the 4th round (completed the LBO test), and the next step (assuming that I passed the last one) is an interview with MD. I know it's a case by case situation, but do you think there...

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+4
Which is more important: IRR vs. MOIC

Davis97

Hey everyone, university student here. I recently spoke about investment strategy with an alum at a fairly well-known PE firm. When discussing returns analysis, he said that in most cases his firm cares about MOIC more so than IRR. Maybe I'm taking an academic approach, but I would think IRR is more...

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FIG Team Interview

London1992

Hi All, I have an interview with a FIG team at an emerging market PE group. The final round is a case study and entails valuing a financial institution (anything from microlender to insurance). I have combed for valuing private banks, and there is surprisingly little information (plenty for public ...

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What would it take to pull you out of PE and into ops?

m_1

This applies primarily to LMM PE guys. What would it take for you to jump ship from where you're at now and join the operating side of things for a company with sub $10M in revenue in an executive role? Specifically looking to figure out a range for: -Base -Equity -Bonus structure -Any addition...

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Gap Year Between IB & PE

fintrepreneur2525

I’m an incoming IB analyst at a top EB (Evercore/Centerview). I am currently planning on doing my two years and then taking 1 (maybe 2) years off from the finance track to do something in entrepreneurship or economic development abroad. How difficult would it be to recruit for a pre-MBA associate...

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LA vs. NY money wise

SaraTCM

I'm a hs student in Cali. I want to work in IB and maybe PE but I have trouble deciding where I want to go to school. I love Cali but I'm wondering if I would make more money in NY than in LA. (I've decided money doesn't follow me so I'm gonna have to follow it). I have a feeling it will be NY but I...

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2018 Private Equity Report – 8 Key Highlights & Trends

WallStreetOasis.com

The 2018 Private Equity Industry Report compiled by Wall Street Oasis (WSO) provides insight on total average compensation, professional development, senior management and more. All statistics featured in the reports are based on 5,630+ user submissions from professionals in the private equity ...

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Need to find an internship

dckrrish389

Hi Currently I am going to practice, but I still have not found an internship who can help me? Thank you very much for your help...

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