PE Model test for Growth shops
I was wondering for most Growth PE funds, is the LBO standard 1 pager model all you need to know? Would it be better to just know a full operating model and build that from scratch instead?
I know megafunds and buyout shop cases but not so much growth equity cases.
Can anyone share their experiences?
Thanks
Bump - interested as well
Bump- oldie but I could use any advice.
Uncommon for firms like Summit, TA, and their spinoffs. You're going to be sourcing all day at most growth equity funds, not doing fancy financial engineering, so they focus on things like info gathering and sourcing strategies (e.g., pick an industry - how could I find 100 targets that would be potentially good investment leads?)
I did Summit & got an offer back in the day. Modeling was not a key point but they did make us do a case study (powerpoint) and there was a model output page.
Most kids half-assed it but basically just create a simple model based on the company they give you but focus on the investment thesis. You shouldn't worry since it's not going to be a live-test and you'll have a few days/week to do a simple output model. Some kids plugged that shit into a banking template at work. Being good at the cold call portion is more important.
Are most growth equity shops that cold call dependent? I ask because the headhunter I met with did not mention any cold calling. job is credit analyst title with duties including modeling/analysis of potential investments as well as monitoring current investments. Does that sound like the type of position that is sourcing dependent?
What's the size of the shop? You say the title is "credit analyst" but you're at a growth pe fund.. could you please clarify?
under 500mm with unspecified aum. The fund originates direct asset based investments. Credit analyst is responsible for evaluating risk of investments. I am under the impression this counts growth equity, no? Thanks and would appreciate any thoughts.
Are you applying for an analyst role post-undergraduate? Or a pre/post MBA associate? Currently an analyst at a growth equity firm.
Pre-MBA
Oh ok. SanityCheck pretty much summed it up then.
But the cold-calling component is much more important. Unless they give you a specific case to work on, I'd spend a good amount of time learning about cold-calling and what the most pointed questions to ask a given business might be.
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