Silver BananaTopicReplies
+3
LMM PE Opportunity: Do I take it?!

MandAlternatives

Hi All, The WSO forum has always been one of my go-to’s for career info. While most of what I have picked up is from other threads, I’m hoping to get some more specific career advice. I’ve networked like crazy to unravel an opportunity that sits in front of me but I figured it couldn’t hurt...

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Top Recruiter in PE contacted me, not returning my calls or email

SamHarris

A Managing Director of a top PE Recruiting company in NYC contacted me about 3 weeks ago and asked if we could connect by phone. She added that they were working on a search in a certain sector and wanted us to discuss this. I was so thrilled when she reached out to me but all changed when I called ...

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AMA: Senior Associate at MM PE Fund

clearingfog

I used WSO extensively when I was breaking into finance and have been meaning to do this for a few years now. **Background**: I grew up in a town with ...

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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...

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Interview - Case study help (Urgent)

Madrush

Hi everyone, Currently doing a case study for an interview on an private e-commerce company. How would you go about projecting visitors to the website going forward? The issue I have is that while I know marketing spend would increase going forward, I have no "scientific" way of justifying how sit...

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TEDx Talk ... Five Practical ideas to Triple the size of the Indian Economy

Puntambekar

Dear Colleagues, Attached is my recent TEDx talk on five practical ideas to Triple the size of the Indian economy via the "CONSTRUCT INDIA MISSION" Link to TEDx Talk : **https://lnkd.in/ev4YArF** The Government of India has immediately reacted to the Presentation made to them and the TEDx Video ...

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Mental Deal Frameworks

ilc22

In the world of VC/PE, you're expected to make quick decisions regarding how you can make money. To do that, it's important to have some mental deal frameworks handy. Would love folks to share some that they've got across the spectrum of asset classes they're investing in. I'll start: In the growt...

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MBB vs MM PE

G Baron

High guys. I got junior internship offers at an MBB consulting firm plus a middle market PE firm (AUM is btw 1-5 bil). I'm having a hard time making the decision of which to take; only have a couple of days left to decide. Personally, in the long run I want to be a corporate executive in the pharma ...

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When calculating DPO and DIH in Working Capital schedule, do you base that off of COGS, or COGS + D&A?

Making Gravy

I'm working through an exercise right now that lists COGS in an absolute dollar amount on the income statement, and lists D&A as a % of revenue. What I'm wondering is if you calculate Days Payable Outstanding and Days Inventory Held by using COGS, or COGS + D&A, and why? Thank you all VERY much a...

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How to get my foot in the door of Private Equity

PipEvangelist

Hi, all, I'm a freshman from a non-target school who is really interested in pursuing a career in private equity. I have had coffee/phone chats with people from sell-side firms. Generally, they advise me to get into an IB for a few years then go to PE... My first question is that, in your experien...

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Eldridge Industries Interview

VCkid

I got an interview invitation at Eldridge Industries second round. Anyone have any experience with this?? ...

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incorporating share buyback in entry multiple

peking

Hi guys. Would like to seek your wisdom on hypothetical valuation case. Assume that sponsor buys 40% stake of the target at 250. The target has net cash of 200 and recorded LTM EBITDA of 50. The purchase price is fixed as this comes after negotiation with the seller. Right after the acquisition, t...

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"Walk me through a deal" for consultants

cookinwithsteph

Hi WSO, Though the "Walk me through a deal" question has been covered extensively for bankers, **how should consultants prepare to answer these questions? ** At my firm (MBB), we typically do not have access to much of the financial information (e.g., multiples, expected IRR, etc.) nor focus on ma...

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Any Info on Carlyle Energy Mezzanine?

Cabepusher-9999

I know that they closed a $2.8bn fund in Oct. 2016 and invest across the cap stx in all areas of energy, but was wondering if anyone had any more specifics on them. Particularly, Comp? Group Size? Deal flow? Interview process? Thanks....

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How involved are MF associates in pulling interviewees into the screening process?

cthegr8

One of my firm's clients is a MF but I work for folks who I don't think are the type to make an introduction for me if I told them I want to recruit for PE. I also have a family friend at the fund but I'm not sure they wouldn't just turn around and tell the folks I work for that I'm recruiting. I ...

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XPV Water Partners in Toronto ?

tomford1982

a friend of mine recently told me about this company. https://www.xpvwaterpartners.com/ . seems pretty legit. anybody has any insights on the compensation, lifestyle and etc ? Thanks!...

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Mid-Market PE Firms pushing digitalization to manufacturing portfolio co's?

Vikas.Murali

Any PE firms interested in leveraging digitalization to manage manufacturing operational costs at portfolio co's, please give me a shout. Working with several PE firms including Industrial Opportunity Partners, Catalus Capital and their mid-market manufacturing portfolio co's now. Our customer ...

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PE Background Check For Series Registrations?

Chargers9933

Do PE firms’ background checks look into your series registrations or need a u-5? Also, what if they have since expired but they were listed on your resume still? Would it not make a difference if they don’t require them not being a bank?...

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Insight on Denham Capital and Orion Mine Finance?

StreetofBulls

Curious on comp, culture, etc. I know orion has been pretty active over the last year or two with the acquisition of dalradian, but hoping for insight from mining industry professionals or those that have worked at those funds...

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Stepstone Private Equity ?

tomford1982

anybody knows anything about Stepstone private equity summer analyst positions in New York ? Do they do private equity fund investments or direct deals ? I don't see them on any buyouts lol. Thanks!...

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Bank Merger Model

Little Sheep

Anyone from a FIG group have a scrubbed LBO model that could bum from them or swap them for some sexual favors much appreciated. ...

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Career in PE: MBA Finance or Master of Finance?

monkeyofthewallstreet10

Fresh graduate, currently have job offers from two firms: consulting business analyst in (think LEK/Parthenon/ATK/Accenture) vs S&T non-BB (think Nomura, Wells Fargo, HSBC). First option will allow me to have a better shot in MBA Fin, the other offer will allow me a better shot in MoF. Which would b...

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Clothing Choices - New Hire

totheworld

I just accepted an offer at a well-known PE firm in NYC. I come from a very informal (tech) workplace where a polo shirt, jeans, and sneakers was the standard. I'm coming in as an AVP and I'm not a suit person at all. I start in about 3 weeks and it was made very clear that the new firm will be sui...

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Distressed vs. Credit vs. Special Situation vs. Turnaround PE

Alt E S

What is the difference between all 4 types? I've been able to find a lot of PE funds with credit arms, but what are the big names in special situations and turnaround PE? Private Equity Strategies The following was originally posted by certified user @I Invest", a private equity associate, and has b...

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Choosing between entry paths into PE

PEPlaceholder

Hi guys, I am at somewhat of a dilemma, and wanted to get some outside perspective into the decision I am facing. I am an European monkey about to graduate with Msc by the end of the year and want to land a upper MM (e.g. Bain Cap, Hellman & Friedman, Advent, EQT, Silver Lake) or a MF PE role few...

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Recruitment Marketplace Startup – Input Needed

RealEstatePE

What have you disliked about your past job searches? - Inefficiency/ time spent looking - Lack of pay transparency - Searching job boards - Lack of access to top tier firms - Lengthy application processes - Lengthy interview processes - Lack of guidance - Updating my resume - Filling out online appl...

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Africa Rising

shadowtrader

Africa has received both positive and negative commentary, mostly negative as news outlets who unfortunately influence perspective in the west. Africa possesses a vibrant young population that has embraced technology, very learned populace and vast mineral deposits. An average of 4.5% GDP growth in ...

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MM Funds - On-Cycle vs. Off-Cycle

dtowninv

I'm currently an analyst at a MM, starting to plan for PE recruitment. I'm targeting LMM to MM funds approx. $250-$750m fund size. How many of these funds even recruit on-cycle? If they are mostly off-cycle, am I better off waiting another year to start fresh with recruiters, give my full effort, et...

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Sell services to PE

HOB sync

Hi Everyone, New at WSO and wanted input from qualified individuals in the PE world. I did a few searches and didn't found an answer, hence, this posting. So what is my product? I am an IT broker, meaning I am able to find you the best solution and the cheapest on the market for your infrastructur...

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Torquest

yyyyy12371717

Interested in PE in Canada and came across Torquest. Currently not a lot of information them. Any thoughts?...

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Are top PE opportunities really only for the super stars?

johnnybanks1

Seems like this site really exaggerates the candidates who make it to the top MM and MF firms have to come from elite backgrounds, graduated top 5%, and worked at GS or Evercore. I see a lot of the guys at these top places don't always fit that profile, for those of you in the industry that work wit...

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H.I.G. Capital

sobepehopeful

Does anybody know anything about H.I.G out of Miami, Fl? I know they do a little of everything but I'm trying to find out, what are their strongest groups, how's the deal flow? ...

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I'm a VP in MM PE, ask me anything

MPG

I'm a VP in MM PE, ask me anything. Interview prep questions, industry questions, etc. etc. ...

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Working in REPE straight out of undergrad pigeonholing?

EarlFromUtah

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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...

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Why low multiples matter?

mathildkim

Hi :) I am preparing interviews in private equity and I have a question. How come a company with a lowest valuation multiple ( say EBITDA for ex) will be more attractive that a company with a higher valuation multiple? I dont understand because multiple are relative.... So i dont see the point/l...

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Lateral or B-School?

AZMonkey

Hi all, I'm currently an associate going into his 3rd year at a MF in NY. I'm starting to think of next steps and am curious to hear the thought process of those who were on a "partner" track role who decided to go to B-School instead. What pros and cons did you weigh in making the decision? Did yo...

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Full Time Job Placement

adatene23

Hello, I am currently deciding between a few offers and would love any insight, and if anyone could share their progression in one of the roles. To give context, I am from ny and would love to start my career there. Long term I would like to be on the west coast and working in real estate pe or at a...

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Legal Cannabis Investing

F1

Hi All, I received an offer to join a Legal Cannabis-focused PE shop. The fund has ~$70mm of AUM currently, 4 Investment Professionals (3 Ex-Mega-Fund Partners and 1 Associate), and 5 portfolio companies. They're in talks with some big Anchor investors and in the process of closing their fundraise ...

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PE, VC, IBD recommended reading list

earthwalker7

I've put together my fall reading list, thanks to kind advice from fellow WSOers. Sharing in case it's useful to you, or in case anyone wants to add some suggestions. **VC** * Venture Deals, by Brad Feld * From Zero to One, by Peter Thiel and Blake Masters * The New New Thing, by Michael Le...

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Have PE recruiters reached out yet?

Avotoast

What is the timeline for recruiting this year? I've seen CPI and Ratio reach out to people. What about the other headhunters? (SG, Dynamics etc.) ...

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+6
Private Equity/ Private Investment Divisions - Minneapolis-St.Paul?

ctrl-z

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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Thoughts on Kayne Anderson

mookeyisland

Was looking for some thoughts on the firm and its different departments. Thanks....

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Does buyout PE offer better learning opportunities than VC for Pre-MBA associates?

PE Hopeful

Happy New Year everyone! Currently a senior beginning to evaluate opportunities for after 2-3 years at an MBB. In regards to PE, it seems like the vast majority of people considering this path tend to focus on buyout PE versus Venture/Growth stage PE (based on what I have seen). Can anyone shed s...

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Sports Private Equity

D3soccerguy

I had a thought the other day. Are there any firms that have invested in a sports team/franchise as say a 'portfolio company'? One example, although a bit different, is Elliot Management took control of historic Italian Football team AC Milan this summer after the past owner defaulted on the debt t...

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Thoughts on ZX Ventures

roidmonkey16

Anyone heard of a firm called ZX Ventures? What are your thoughts on it? Anything helps, thanks in advance!...

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Non-Target Senior - What can I do to start preparing for PE Recruiting?

nalgenewatergod

Brief background on myself: Current college senior at Non-Target state school. This past summer, I interned in a coverage group at a large NYC IB and signed back full-time. I thought this summer was a great experience but I know for sure staying in banking is not my goal. Also, I am likely not targe...

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MM PE Analyst Position Interview - No Response post 15 min chat

Chicago60007

Hey everyone, I applied for an analyst position at a MM PE firm. Recruiter reached out to set a short 15 min call (asking typical behavioral questions) and said I would hear back by the end of the week, but most likely by the end of the day the following day. She had said the interview process woul...

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From professional poker player to prop-trading to self-employed trader to MBA to PE?

TradingToPEeventually

Hi guys, Related for UK peoples. 26 year old checking in here. For many years I had no clue what I wanted to do. I was a professional poker player for 5 years during high school and UG Economics. Got a 3.3 GPA as a result, quit playing poker for a year and scored 4.0 GPA straight for a year (1st ...

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Consulting vs. IB Timeline for On-Cycle PE Recruiting

ConsultingPrimate

One of the new consultants I am mentoring at my MBB firm approached me the other day about moving into PE and what that process looks like on the consulting side. I referred him to this site as there is plenty of information on here about that, but I have a question regarding the timeline for interv...

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Financial Modeling Coach

Pharmon7

Hi Everyone, I'm wondering if anyone has used a coach / tutor for one-on-one financial modeling training before? I've glossed over BIWS' online content, but generally prefer to learn in a personalized setting. Any recommendations someone can throw my way?...

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Networking with the buyside

sffinance321

Has anyone ever cold-networked with associates and senior associates in funds to get traction there? I know this is a big thing with investment banking recruiting where people reach out for informational interviews / coffee chats, but is this normal for private equity recruiting? Or is this frowned ...

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Venture Capital: Chief of Staff Role - Input Appreciated

Leveon why tho

Hi Everyone, Obvious throw away account here for anonymity. My question is pretty straightforward and would love to hear a few different opinions on it. Currently a second year analyst at T2 Digital Consulting firm. High performer, but have always been fascinated with Venture and startups. Prett...

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1st Year MM Buy-Side Analyst - Ask me anything (AMA)

Buyside Throwaway69

This forum has helped me tremendously the last 4-5 years so wanted to give back and provide a AMA for the community. Background: Attend a public semi-target think UNC Chapel Hill/UT- Austin/Indiana/Michigan/UVA with a ~3.5-3.6 GPA and am going full-time to a private investment firm in a core, but n...

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Private Equity Associate Bonus Guidance

Nxjdjd

Hi all, I’m have a little bit of a situation going on and would love to know what you guys think. I am set to start at a new private equity firm soon after finishing up banking. I’m going to a relatively established fund $5bn+ AUM investment professionals with a pretty high base salary even by ...

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co-GP term sheet questions

earthwalker7

hey all, I'm in process of putting together a term sheet between my employer and another group for the set up of a co-GP fund. Does anyone have sample term sheets? The lawyer we hired is absolute crap, and so I think the term sheet I'm using is flawed. Happy to share more on direct message / priv...

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