Displaying 1 - 50 of 1334
This guy literally posted a list of PE and growth equity associates, and has the caption "My team went through hundreds of LinkedIn Profiles to track movement for many of our Office Hours Mentees to be able to quickly see where their fellow banking & undergrad alum end up". Not only am I on this...
05 Aug 2022
Hello all, I have been meaning to get around to this for quite some time. I am a first year principal at a lower middle market private equity company based out of NYC. We take control / 100% equity investments in companies in a few different industries. I have previously worked in middle-market PE...
01 Aug 2022
I head PE/VC investing for a family office based in Asia. Our firm makes direct investments across the capital structure (private credit, PE/VC, public markets and real estate). Although we are direct investors (>95% of capital deployed are directs), we regularly review fund investment opportunities...
05 Jun 2022
Mostly meant to be a cathartic shitpost that I'm typing in lieu of going to therapy, but I hope it resonates with the minority of this forum who aren't the insufferable fuckers that are constantly posting Tier threads. Bring on the monkey shit, but the real ones will know there's some truth here. 1....
22 Nov 2021
Another troll/shit post for all the poor fucks stuck with annoying ass VPs (and to an extent, Sr. Assoc). VPs – this probably doesn't apply to most of you. Many of you are chill. But if you're consistently exhibiting the below behavior, your whole office probably hates you. Stop being a sycophant...
17 Feb 2022
Where do you see finance's biggest "white spaces" in this era? Let's assume your goal is to become a billionaire in financial services, to put it simply. Let's also assume tomorrow you're given $25 Million dollars carte blanche, as well as a healthy rolodex, to assist you on your journey toward this...
01 Aug 2022
As someone who will be going through on-cycle recruiting in Canada next year, looking to gain some insight on (in my opinion) the top 3 PE shops. Let me know what you all think - below is my opinion based on networking and research I've done. 1) Brookfield Pros: - They have been growing recently...
12 Sep 2022
I wanted to put together a learning plan which tracks useful links / resources to read ahead of starting my PE stint in a couple months. Appreciate if the community can provide ideas to improve this list. Hopefully this can also help people be more prepared as they embark on their career in IB...
01 Oct 2021
Hey folks, Don't post here often, but wanted to share & answer any questions of aspiring FIN/RE folks. I've seen so many different things on this forum and others, many depicting the "right way" and "proper path" to go about things. I think an influx of people I've seen on both here and other forums...
06 Dec 2021
There was a recent post on this topic with some traffic, but hoping for a little more insight on how to excel as a first year PE associate. For background, i started a few months ago at a LMM firm without a structured associate program. Given this, im hoping to create a personal roadmap that...
20 Jul 2022
Hi WSO Members, I'm currently a restructuring banker and I received an offer to join a PE w 10-15B in AUM in the US. Our deal experience somewhat overlapped, and after 14 interviews, case study, etc., I got the offer. They even pushed me for references from my current firm. The references were...
22 Aug 2021
~15 year career as an investment banking analyst/associate in ECM (SPACs) and leveraged finance/restructuring, hedge fund analyst/portfolio manager and currently as a corporate finance executive for a fast-growing start-up (led $70mm equity raise process). Have interviewed and spearheaded recruiting...
07 Jul 2021
Obviously with the recruiting pipeline and almost everyone having an IB background, they could likely do it themselves and save the money given they have the expertise. Sellside processes seems understandable as they do not want to do the work of marketing and selling their portcos, but for buyside,...
20 Sep 2022
Fellow Monkeys, I joined a 1st gen family investment office about two years ago. Initially I thought I would be working under the principal to learn from him to ultimately take over the office. Was led to believe that my role would be 50/50 between CRE and PE/VC. Within about 3 months of the job, I...
10 Aug 2022
Hey guys, long-time member and current PE associate. I matched with a girl on Tinder one night and we started messaging. Somehow, the conversation turned into an argument over stupid shit. In my drunkenness and anger, I replied calling her a fat*** and made a joke that she looked like she put on the...
16 Feb 2021
Hello fellow monkeys. Recently, I decided to give up on buyside recruiting and stay on as an Associate in IB. I realized I simply didn't want it enough and just ran out of energy to dedicate to the search. I've also frankly enjoyed my time in IB a lot and look forward to continuing my path here. A...
11 Feb 2021
Not the typical finance path but I think it can be relevant here in the PE forum and a unique example of how a career can progress. Still figuring out what I would like to do in the very long term, but the near term is looking good so far! Ask away here or feel free to PM me ... Background: -heavy...
26 Dec 2021
2 years at tier 1 investment banking in NY (Think GS TMT, JPM M&A, Evercore M&A etc..) Now at tier 1 Hedge Fund in NY (Think Citadel, Mill, P72, DK, Silverpoint, Anchorage, Renaissance etc) Non-target ~3.0+ GPA (I don't like sharing personal stories but as a brief background story...my mother passed...
09 Sep 2021
Does anyone have any insight into life in the cap markets team within a private equity firm? I understand the role will primarily be coordinating with banks / direct lenders on arranging debt financing and ongoing work with portfolio companies once the debt is in place (incrementals, repricings,...
26 Aug 2022
In the spirit of giving back and thanks to fcf_yields idea, thought I would do a Q&A from a slightly younger investment professional perspective. I'm a relatively junior VP at an established UMM fund ($10bn+ fund size), sector focused. This site has given me a lot of help over the years, going all...
01 Apr 2021
I have been on this site for the past few years, and I just wanted to "give back" so to speak, and summarize all of the important pieces of information I have gathered. I hope it helps :) The Sales & Trading: Is dead!!! (not coming back) The Banking: Is dead!!! (booooooring) The PE: Is dead!!!...
04 Dec 2020
Want to get a check on what typical staffing is at a GP. I'm a senior associate at a $1bn fund and we've made a couple mid-level outside hires, so want to figure out if my promotion path is getting squeezed or if we're just getting to a more normal staffing level since we've been pretty underwater...
09 May 2022
Tl;dr: is the PE career path still as attractive from a financial point of view as it was 5-10 yrs ago? I would argue that the expected career value for the average new joiner is significantly lower today. This is based on a) longer time required to advance; b) more competition; c)...
14 Nov 2020
Hey all, we are closing on a SaaS acquisition and one of the key sticking points in the PA is regarding working capital as it relates to deferred revenue. Targetco bills 100% of revenue upfront on a cash basis, they do not book it as deferred revenue. When we pushed back on the owner he argues that...
15 Nov 2021
Hey All - Obviously the market gives us a detailed picture of where they think rates are headed daily via the yield curves, fixed/floating swap rates, and etc.... But I wanted to get the groups thoughts/projections looking PAST this rapid run-up of rates to combat inflation, and start a bit of...
17 Jun 2022
Thought it would be fun to do a Q&A and contribute to the WSO community after years of reading the forums for advice, industry intel, and jokes. Not sure if anyone cares about a Q&A, but I figure I'd ask since I get hit up on linkedin/undergrad alumni network fairly frequently. My background:...
22 Mar 2021
Hi everyone, I attended Wharton for undergrad, did a MF PE analyst program in New York, and now am an associate at the same firm in the London office. I attended Wharton because of my interest in finance and the reputation the school has for being the top in the world. It cost me $120,000 to attend....
15 Jul 2021
Just locked down an offer to join a startup as a Senior Finance Manager and figured I'd have this Q&A before I start my new gig later this month. Going to keep this post short and sweet and open up the floor to questions - happy to provide more color about my prior job, decision to move to an...
11 Mar 2021
My father started off as an analyst in the late-1970s at what is now considered a top BB. He rapidly advanced all the way up to partner and was ultimately there for well over two decades (with increasing responsibility and comp each year), before deciding to leave banking (somewhat on a whim) to...
07 Dec 2021
I grew up in a small beach town in Southern California. Going to school was not the priority as I grew up surfing and spending most my days training thinking I was going to be a professional athlete. After a string of injuries, I had realized that this was not going to be the career I once thought...
12 Jul 2022
Hi Monkeys, I got a LBO modelling test with the below waterfall structure: - Term Loan @ 3x LTM EBITDA - Mezzanine Structure @1.5x LTM EBITDA with 2% warrants on exit equity value - Management incentive plan with a hurdle rate of 10% Say we have an exit equity value of 500M. How would you structure...
01 Sep 2022
I'm coming into my first year of medical school this summer and am interested in pursing a PE role after graduation. I have no background in banking or PE as my resume was strongly geared toward medical school admissions: high GPA, high MCAT, ivy undergrad, extensive research in various basic...
06 Apr 2022
Open to answering questions regarding MBB, recruiting, breaking in, day to day life, career choices, etc. Background Academic: MSc in Finance (Europe) - top GPA, public undergrad b-school (target locally) Internships: Summer analyst at MBB; Summer analyst at Goldman Sachs (IMD London); Off-cycle...
05 Nov 2020
I'm a recent graduate of a well-respected Masters in Real Estate Finance & Investment program here in New York City and am currently out networking/job hunting. I'm focused on Acquisitions roles but have found myself wondering, what are the best real estate private equity funds to work for? I'll...
16 Sep 2022
This could be forcing austerity on a city/country over an infrastructure investment, a corporate raider acquiring a massive company then ripping it apart to sell off the pieces while laying off thousands of workers with no warning, or a fund acquiring what is essentially a monopoly on some niche...
09 Jun 2022
Why don't companies communicate their comp package off the bat? or even after initial rounds of interviews? Pisses me off that they offer you a subpar comp that you know you are not going to take after 4 rounds of interviews, 2 case studies, and an on-site meeting with seniors. Total waste of time....
06 Dec 2021
Hey All, Apologies in advance for the long post, but I'm in an interesting situation. I'm currently working in a Corp Dev job (about 3 years out of school), but have had serious talks with my grandpa to join his business - think Specialty Industrials company with highly engineered products, does...
10 Jun 2021
Hey WSO, I'm a first-time poster and longtime reader. I have some downtime on account of MLK Jr. Day and wanted to take the time to give back to the community and provide some insight on my career decisions I've made along the way. Non-target LAC (e.g. Little Ivies) Interned at BB in Operations...
18 Jan 2021
Hi all, Incoming PE associate here in the B2B SaaS space and had a question for folks who have had on-the-job experience at PE firms. Bolt-on/add-on acquisitions are often referred to as a method of adding value to a portco. I've had a few years of experience in an M&A group so am familiar with your...
10 Aug 2022
Hi guys! I am compiling a list of PE shops based in or have an office in LA. I hope this helps someone else. Can you guys reply with names that I have left out? Oaktree Sweet Water Capital Platinum Equity Accel-KKR Valor Equity Partners Spectrum Equity Aurora Capital Freeman Spogli Marlin Equity...
16 Jun 2021
Hey guys, Associate here headed off to B School in the fall, but am shooting to take a few months off over the summer to travel, decompress, and clear my head from a lot of negativity built up through my 4 yrs of IB/PE. In short, trying to leave in April / May rather than July, which is the typical...
07 Feb 2022
Good day, I have an idea that I want to sell or license to one of Apollo's subsidiaries, but I don't have the funds for a patent and the tech is beyond my knowledge. There currently exist several companies and technologies that could help myself and/or Apollo achieve said idea. I'm looking for...
08 Jun 2022
Hi Everyone, Long-time lurker over here currently at a credit hedge fund focusing on special situations and opportunistic credit. Haven't seen all that much about private credit vs. private equity. Been trying to assess whether I'd like to stay on the credit side or move to the equity side. I like...
13 Oct 2020
Hey guys, I am a rising senior studying Economics. I am interested in private equity but do not have prior banking experience. I am an operations analyst at an upper mid-market private equity firm. I recently came across Parabolic, a head-hunting agency, on Handshake. As soon as they saw my resume,...
11 Jul 2022
Hello Chimps, In terms of background top unis MSc (Oxbridge), good grades, good internships, very social, and inclined more to the nature of IR roles than acquisition roles even though I am capable of both. I am interested in knowing how big the disparity in compensation is as I weigh offers to...
01 May 2021
WSO - I would like to share my knowledge on banking/PE/markets in Africa for those in the market and those willing to be party to the African growth story. Could also help for your PE interviews! Bio: Analyst (3rd year) at MM private equity firm focussed on impact investment in Africa. Target school...
16 Sep 2020
Hi everyone, I would be interested if someone could shed light on GP capital advisory (not the secondaries advisory nor Fund placement) in companies like Campbell Lutyens. I would be primarily interested in their M&A teams dealing within the alternative asset manager market as well as Minority GP...
22 Jun 2022
1st year analyst at a BB healthcare coverage group that's already had the 2nd years talk to us about on-cycle and recruiting. As someone that wants to be in MF Tech or HC (haven't decided just yet), I'd love any color that people have on where each MF's Tech or HC groups sit. For instance, I know...
16 Jul 2022
Title basically says all. A little background, I come from a B4 consulting background (CDD, ODD experience) with some FDD experience before that. While I am actively in various IB processes, my ultimate goal is to break into a direct investing PE role - or at least open up myself to that possibility...
12 May 2022
PE MF vs BB IB right out of undergrad is a no brainer. But what about PE MM vs BB IB ? Pay slightly better in BB IB, lifestyle slightly better (depending on firms, could be significantly better) in MM PE, so I guess it all comes down to exit opps (or more precisely post-analyst years opps). I...
01 Dec 2021
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