Infrastructure Private Equity Basic Skills

Hello WSO, I will be interning at an Infrastructure Private Equity Fund in December and I want to do some preparatory reading and learning before this to make the most out of this opportunity. I have two questions:

  1. What are the technical job-specific skills and knowledge which I will need during my time as an intern and also later on as an analyst?

  2. What can I do to prepare myself so that I will be more receptive to learning these job-specific things? For this purpose, are there any books you would recommend to me?

Background: * My finance knowledge is quite limited to what I've learned from the valuation parts of Joshua Rosenbaum's Investment Banking. I have also done a unit in my degree. I've skimmed the LBO parts but will have a more in-depth look into is as it seems really important skill in the role. * I have been keeping up to date with my firm's local infrastructure investment activity and also any current infrastructure deal activity as well. I don't have a textbook understanding of macroeconomics so I am looking for a good macro book to read as well. * I have read up on the industry and have a basic understanding of what infrastructure is and the rationale for investing in it. I have read the Overview of Infrastructure Private Equity thread on here which was very helpful.

9 Comments
 

Hi, thanks for the taking the time to help. I have read it and I gave it a SB too. It's actually what alerted me to take a more in-depth look and to really get a stronger understanding of LBO analyses. I wanted to link the thread for others in a similar position too but as a newbie I'm not allowed to, so cheers for that.

 

Anytime! I didn't see that you've mentioned you have already read it. My bad. I'd recommend possibly looking at top members of WSO community and finding those in PE to possibly private message your thread? Not my area of expertise but I'm sure there are folks on WSO who know this. Cheers!

Just an Undergrad trying to get a job. Something you disagree or dislike about my posts? Let me know by PM'ing me or commenting constructive criticism.
 

Thanks for the recommendation, I just got myself a copy from the library. Curiously though, did you have any advice on how I should use this book or any caveats you'd give it? It seems to be a great way to get some practical insight into project finance but as it was written over a decade ago, I was just wondering if you thought if there were any areas which I should be wary of.

 
Best Response

This has been making the rounds recently:

multipleexpansion.com - good LBO instruction.

Although infrastructure investing is different from vanilla LBOs, a lot of the core concepts are the same, and this will help get you up to speed on the modeling, etc.

 

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