Need help!! What exactly is Private Equity syndication/Private Equity advisory?

torreador's picture
Rank: Monkey | 64

Hey guys. I signed an offer with an MM Boutique/PE Advisory firm last week. Had to work hard since I was working in Ops. Finally made it.

However, I have a few questions and clarifications and am hoping that you guys could help me out.

The firm where I am going to work does PE syndication/PE advisory. How is this different to other funds that engage in buyouts? Also, could you shed some light on what secondary PE is?

How can we leverage this experience to move to a mega fund, of course, after getting an MBA?.

Comments (13)

Sep 4, 2012

Also, forgot to add that this is an MM M&A/PE Advisory boutique. Ive been recruited as an generalist analyst. So will be working on both PE Advisory and M&A.

Sep 5, 2012

How EXACTLY did you get this job? Srs question.

Sep 5, 2012
BTbanker:

How EXACTLY did you get this job? Srs question.

Let's keep this for another day, shall we?

Sep 5, 2012
BTbanker:

How EXACTLY did you get this job? Srs question.

This was also the first question that popped into my head when reading this thread. Thankfully I believe I have found the answer:

http://www.wallstreetoasis.com/forums/im-gay-in-ba...
See points 3 and 4.

Sep 4, 2012

PE: the firm engages in partial (full) ownership acquisitions of operating companies to make money.

PE Syndication: read PE. The firm also participates in acquisitions and equity trades involving other investment firms, potentially to target larger investments.

Secondary PE: read PE, PE Syndication. The firm also participates in secondhand purchases and sales of already acquired equity investments.

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Sep 4, 2012

My interpretation of PE Syndication- the PE ("financial sponsor") provides capital markets solutions/advisory to other sponsors seeking money (in the form of debt) to finance their LBO and/or acquisition.

Sep 5, 2012

Secondaries:PE portfolio owned company sold to another PE shop. Well known company is Coller Capital. What is syndication ? Is just like any syndication, say bank syndication, a group of PE sponsors coming together to effect an offer to buy presumably. However, they are not that frequent (because the LPs from the coming together PE shops would be getting the same returns and risks, so what's the point of them investing in different PEs if they are not spreading/diversifying their returns)

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Sep 5, 2012

Thanks for your responses guys.

What I understood through PE advisory was, that this would be an intermediary between the PE firm and the potential investment. Correct me please.

Sep 5, 2012

Sounds like sell-side advisory focusing on financial sponsors tbh. From what I understand PE syndication is similar to ecm, just that your target investors are pe funds(?)

Jan 25, 2014

I think I know which company you are talkin about...I have an interview this wednesday. How are you liking the company so far?

Jan 25, 2014

my guess is that you basically work for a small boutique IB that focuses on sourcing deals for PE funds. this is definitely NOT considered PE.

your best bet is to try to network your way into a small PE shop that you have interacted with and have a good relationship with. but if you are just cold-calling companies/sending an info memo to funds and generating no value addition except for having made an introduction then your skill set is not valuable to a PE fund. if you find yourself doing a lot of analytical work and speaking intelligently about a company's operations and industry then you might be able to impress some PE guy at some point.

Jan 25, 2014
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