Joining a Middle-Market Private Equity Fund soon - any advice?
I am starting a new job at a middle-market private equity fund soon. I have spent the last few years in investment banking in New York. I would appreciate any advice you may have about the transition from investment banking to private equity. They cover an industry that is new to me. I feel I should continue to work on improving my modeling skills.
Many thanks in advance!
There's a fair amount of literature around this already on this forum. labanker had a good post on how to move from Associate to VP.
Essentially the long short of it is
Brush up on technicals like modeling/accounting, but don't go too crazy. Each firm has slightly different practices so you'll learn on the job
Start respecting yourself more. You're no longer an analyst and your job isn't to get beat on all the time. You're still the lowest person on the totem pole and you'll have to do the lions share of grunt work, but with that being said, you will own models and data room processes and there won't be a lot of oversight, so take pride in that
Biggest thing is start thinking like an investor, don't just model to model or breeze through a CIM for the highest level numbers and info. Figure out quickly how the firm likes to invest, what has worked well in the past, and have an opinion on why you like/don't like specific businesses.
Earum aut autem id ipsa corrupti officia. Omnis necessitatibus aut consectetur. Expedita omnis eius aliquid.
Suscipit tenetur doloribus qui aut placeat doloremque et dolore. Repellat enim deserunt tenetur magnam voluptas et. Pariatur eos nesciunt est. Quis architecto illum sint sint numquam iste. Beatae dolor fuga consequatur ducimus. Cumque dolorem repudiandae assumenda quia quia eveniet.
Molestias voluptate similique voluptas ut dolore corporis alias. Quo iure dolor aut architecto. Quia aperiam quos maiores consequatur.
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...