Hi all aEU" IaEU(tm)m looking for some help in understanding the appeal of growth equity vs. traditional buyout shops in PE. I am not very familiar with growth equity so any advice you could provide would be appreciated. Specifically, my questions are as follows:
-What are some reasons why someone would want to go into growth equity instead of? For those of you who considered interviewing for growth equity opportunities, what were the key proaEU(tm)s and conaEU(tm)s?
-How are growth equity investments financed? How big of a component is debt? And as a corollary, what type of modeling skills are most applicable aEU" are LBO modeling skills even that useful in growth equity?
-I understand that growth equity is more about the aEUoestoryaEU of a business as compared with buyout opportunities. Given that there are a lot of stocks in the public spectrum that are considered growth aEUoestories,aEU what is the appeal of growth equity versus investing in growth stocks in the public markets?
-What is the transaction process for a growth equity investment like, and how do they compare to buyouts? Is there much overlap in skill set, and do you see people leaving one field for the other or vice versa?
Thanks in advance for your help.