Endowment Fund -----> IBD
.
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
Given you still have your junior summer to land an IB gig, I'd say an endowment fund is pretty top notch for a sophomore summer. Most sophomores spend time at the neighborhood pool for summer, so you're on the right track.
On another note, does the fund perform direct investments, or does it act like a placement agent where you just do research on the funds the endowment has allocated capital to?
Not sure on the exact split, but they indicated to me during the interview process that they do both direct investments and investments in seperate funds.
Get as close as possible to the direct investment teams
Could you expand on this a little?
Well think about the differences in skill sets and which one may apply to IB.
Modeling skills come from direct investment. That business valuation and operations perspective comes from analyzing a firm or asset, directly.
Placement and secondary teams typically do research to get an idea of where to allocate capital, based on the universe of funds, their performance, their management, their asset focus/expertise, etc. The funds are doing the technical work and the placement teams may just have a model come across their desk - though it'll be a completed model.
Tenetur voluptas illum optio quisquam consequatur. Veritatis repellat cumque maxime saepe. Molestiae dolorem fugit labore iure atque expedita fuga. Recusandae excepturi ullam eos est enim culpa assumenda.
Perspiciatis doloremque delectus quaerat. Quam ex et velit nihil. Ea numquam est aut id quas qui et. Voluptatibus placeat velit eum necessitatibus ut.
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...