Hi, I come from a top US bank (GS/JPM/MS) I've rotated across debt capital markets and equity capital markets so I have pretty much no financial accounting and modeling experience but I'm really interested in PE.
I know I won't be suitable for traditional buyout funds as I'm aware you need excellent financial accounting and modeling skills to succeed which I don't have, but what about growth equity at a top fund like General Atlantic or Blackstone's / KKR growth equity team? How much financial accounting i.e. three statement analysis and modeling do they do?
Some other questions below:
A) how does the financial modeling differ between someone working in growth equity PE vs traditional buyout PE? i.e. would you have to build out three statement models / operating models during a growth equity investment? Do you need to be a top performer in financial modeling?
B) what about financial accounting, how does it differ? do you need to have strong financial accounting knowledge to work in growth equity?
C) do you get involved with the businesses in growth equity and think about ways to improve the business/cut costs/increase revenues etc or is it more passive and you just provide the growth capital and that's all?