Advice for Asset Management Breaking Into Private Equity
Wanted to get some advice as an Analyst at a Asset Manager ($1-5B AUM) trying to break into PE. I started applying this weekend and just got a call for a first round interview. However, I am a little worried because I have very little experience with real world valuation/modeling as my previous role was more research and analytical based (Our strategies were all run by algos). I have done a decent amount of prep and feel comfortable answering basic DCF, WACC questions but I don't want my lack of work on deals to hinder me too much. I was wondering if anyone else has run into this or knows if it is that big of an issue. I've wanted to do PE for a while now and feel like I have a chance. I just need to move the conversation towards what I am capable of more than previous experience similar to PE.