How does the process of recruiting for growth differ from buyout PE? Both in terms of head hunters and getting interviews, and in terms of technicals. Do growth shops still run LBO tests? How does the technical portion of the interview differ?
| +68 | Mid Level Career Freeze | 22 | 6h |
| +34 | Clearlake raises a $14.8B fund | 25 | 13h |
| +21 | Left PE for an operating role and starting to regret it | 2 | 1d |
| +20 | PE Portfolio Management/Ops - pros and cons | 1 | 2d |
| +19 | Best Path to PE from BB Coverage w/ Outsourced Modeling | 7 | 1d |
| +18 | From Public Equities to Private Equities | 1 | 10h |
| +16 | Becoming a great VC/PE investor - advice | 4 | 18h |
| +12 | Does Asset-Based Finance Get Carry? | 1 | 3d |
| +11 | Late night thoughts as I spread comps….. | 1 | 3d |
| +9 | Anyone Else Getting Outbid on Every Deal Lately? | 6 | 5d |
Career Resources
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.
Hey Betterbanker, what a lonely thread. I'm here since nobody responded ...so maybe one of these discussions will help:
More suggestions...
You're welcome.
Bump
for one they're pretty different investment approaches. for growth you should know the industry they invest in very well and a potential target for them.
some growth firms still use debt, some dont, you should be able to build a simple lbo regardless
technicals focus more on whats relevant to the growth shop, i.e. the industry and unit econs, less so on leverage
How does recruiting from a buyout role to a growth look like? At the associate level
Overall, the process is fairly similar. If you are well-prepared for PE interviews you will do fine in growth as long as you have a good answer for the "why growth equity" question.
Headhunters for PE and growth are largely the same. Getting interviews is going to be almost the same as well, in that analysts from top banks & groups will have a much easier time securing interviews (especially on-cycle and with the largest funds). Most growth equity funds will have you do an LBO modeling test and/or some sort of case study. Technical portion might be a ltitle more geared towards SaaS metrics (ARR, retention, LTV/CAC, etc.) in growth but overall it's pretty similar.
Agree have also seen in the past that growth firms will often times throw "unstructured" data at you (ie a csv file with tons of rows and columns which are ordered but not presented in usual P&L format) and expect you to convert it into a price/volume/rev build with that flowing into a model for which you then build your case on
Quaerat praesentium totam temporibus ipsum facilis. Asperiores aut accusantium vero vel rem perspiciatis numquam.
Illo et et sit fugit totam sed ipsum maxime. Mollitia sed esse autem quia. Dolor repellat neque libero voluptate ipsum porro.
Officia voluptatem quos temporibus aut accusantium. Omnis unde amet consequatur. Deleniti expedita est enim ut. Iste quod dolorem ipsum qui delectus voluptas reiciendis.
Similique nobis est molestiae enim natus adipisci impedit ea. Non saepe iusto temporibus facere. Qui eaque rem aut doloribus aut praesentium.
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...