Bloomberg Terminal in PE

For those of you who work in private equity, do you have a Bloomberg terminal and if so, in what ways / how often do you use it? Our shop uses a combination of CapIQ & Factset, and I am trying to figure out whether adding a couple of BBG terminals will be additive to our investment process or diligence efforts in any way.

 

The only value I would see would be bond trading levels, but I guess that you could just ask bankers to pull shit up for you and format it nicely as part of the relationship business (ie pitch updates etc). Pretty sure we did this (I was in IB) for a PE fund that was trying to understand the trading level of their portco debt by looking at peers.

 
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In case it is a helpful reference point: We have one Bloomberg terminal for the whole floor but I have not yet used it since I joined ~1 year ago. In banking, I sometimes used to go to Bloomberg for forward curves (LIBOR, FX) or intraday share price data. Intraday share price data I have not yet needed since moving to PE and the forward LIBOR curves I now get via the email distribution list of a bank (thanks MS!) who send them out on a weekly basis which is very convenient. I think you can also get some of the common forward interest curves on google if necessary (e.g. here). For forward FX rates I would still go to the Bloomberg terminal and I also see other people here use it mostly for that purpose.

Everyone also has CapIQ on their computer which I use all the time.

(background: 2nd year associate in the buyout team at a large cap PE fund in London)

 

Useful when evaluating public to private situations regularly since I'm familiar with the terminal UI. Nothing that you can't do on FactSet or CapIQ though.. always fun to keep in touch with my banking friends via IB though lol

 

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