First round big PE

Guys,

I'm currently working in a small PE boutique and I have an interview planned for a mega-fund (think TPG/BX/Carlyle) next week. It's going to be the first round.

What do you think I should expect and prepare? I'm more used to ib interviews (I've been focused on FIG teams), but I didn't expect to hear anything from that fund...

Edit: my current firm is in NYC while the PE job is in London. Just saying in case processes are different...

 
Best Response

I can only give you my run-down of experience with interviewing with these funds (I never interviewed at TPG, but at another megafund of that caliber): First rounds were always modeling tests (LBO, Operating Models etc.) followed by a quick Fit interview (why PE, what made you interested in PE, why our fund, what seperates our strategy from others and why does that appeal to you). Then as you move along and proved you can model and are not a socially awkward dude, you move into discussion involving investment ideas (in what industry would you invest at the moment) and then you basically have to come up with a valid investment thesis on the spot. if you pass that as well (of which you will have a lot), there's only the dinner left with the seniors ;)

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 

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