Best Resources
I'm starting an internship at a distressed and turnaround focused PE firm. Best resources to go over before I begin?
Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
April 30, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
There are 2 parts to this question: 1) specific to your firm / internship 2) junior finance roles in general
For your firm, probably best preparation is to familiarize yourself with existing portfolio companies (what they do, recent articles, etc.)
For junior finance resources in general, there are tons of precedent articles on this site, but in general I recommend: - macabacus.com for good modeling examples - bamsec.com for quickly finding filings - logointern.com for logo outputs for presentations - set up google news alerts for the industries / companies that you cover * etc (do a search of prior threads)
This is a good list. Would also add the classic Rosenbaum investment banking book -- those basic skills are equally important to investing
Bump. LogoIntern will save you time, BamSEC only if you're doing a lot of public comps.
Can't overemphasize building a solid modeling foundation. Rosenbaum + Macabacus great for that
If you have older friends who have copies of LBO test models or their firms' training models that's always a good place to start, too.
Looping in Sil
Unfortunately, I have never worked in PE and don't know anything about distressed investing, so I can only give some general advice. I would take a look at every thread in the Investment Banking and Private Equity Hall of Fames (in addition to what babymonkey357 mentioned above).
Two things that you can do to set yourself apart are 1). always show up with a can-do attitude and 2). always try to add value. I interned at a small PE shop while in undergrad, and one thing the partners loved assigning me was to pull together lists of potential acquisition targets in tiny, god-forsaken cities....oh, and this small PE shop had no CapIQ or other premium database subscription. Even though this assignment was painful, it was incredibly important. Being able to maximize trips and being able to get in front of companies long before they start thinking of selling was key to this PE shop's success. So, I would spend some quality time on Google finding companies in the industries that we were interested in and enter them into an Excel tracker template. I would then take it a step further and do some research into ownership (most states require businesses to register ownership with their state's secretary of state) and make some recommendations as to who to visit first. I'm sure my recommendations sucked given that I was a sophomore with no knowledge whatsoever, but the partners were always happy and could tell that I cared. That's all one can expect from an intern. Good luck.
Agree with everything above, but remember -- just like in banking, you're going to start small. Demonstrate that your associates / analysts can trust you by double- triple-checking your work. No typos in emails, etc. The small things go a long way.
Probably best things will be mastering basic PPT and Excel shortcuts so you can be semi-useful / efficient on day 1.
Work on some of your basic LBO skills (Macabacus for practice). Although you may never need to do one at work, you should show curiosity and that you want to learn.
Bump - just for generic PE internship though
Et perferendis voluptas qui amet quae dolor voluptatem ut. Voluptates impedit modi necessitatibus sequi aliquam eum. Laborum velit minima qui architecto at. Fugiat voluptatem corrupti autem neque quod ipsum. Mollitia facere explicabo maxime error sit asperiores a.
Est ut doloribus quae soluta animi cupiditate. Ut ut ut harum molestiae ea ex est sit. Odio esse voluptatem adipisci ratione cum sed nulla. Commodi illo perspiciatis velit possimus magni dolor reprehenderit ex.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...