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Accelerator Program for Acquiring SaaS Companies
Hey all, I'm in the process of launching a course/future accelerator program to work with a select few MBA consultants make the switch to CEO through search and acquisition. As much I appreciate the traditional search fund model, i felt that it limits the autonomy as an entrepreneur as to WHERE they...
Foot in the door
All, I'd love to get some feedback on a few things. Quick spiel: started as a finance major (3.75) but I changed to mech eng. w/ minor in sustainable energy tech (now have 3.2). I knew from friends and family that I could easily teach myself modeling and accounting principles, but not the quant...
Am I Thinking About an MBA Wrong?
Hey All, Peers and friends from college have been talking about studying for GMAT / applying to B-School. Currently a 2nd year IB analyst in M&A and thinking about future. As someone who will have paid off close to 100k in undergrad loans (on track to pay off in another ~2 years), I cannot seem to...
PE Portfolio Operations - Lifestyle, comp and career path
Do folks have any experience or knowledge on what the work is like at a PE Portfolio Ops team? Do they have similar lifestyle to typical consulting houses (Mon-Thur travel?) How are they comped? Am guessing NOT at par with investing teams, but is that standard? What kind of profiles do they look...
VP role for PE - is it worth pursuing an MBA outside of H/S/W?
Senior Associate working at $5B+ fund. I was not accepted to H/S/W - but did get into some other M7 schools. Looking to eventually secure a VP role at a MM PE shop. Would appreciate people's thoughts on whether its worth pursuing an MBA outside of H/S/W vs. looking for other opportunities (i.e....
Q&A - Bulge Bracket IBD SA to MM PE Analyst
GS /MS/ JPM Investment Banking SA to MM PE Buyout Analyst (~$2Bn Fund) Been a lurker on WSO for a while now so thought I'd give back to the community and answer any questions about starting in PE as an analyst, hours, nature of work etc
WSO PE Interview Course - PaySmart Case Questions
Hello all, been prepping with the WSO course, and am working on the PaySmart case. I have two questions, one specific to this case, and one that's more general: (1) Minor point, but in the video solution, when projecting out the market share for US and Europe, Europe increases by the given 0.5%...
Originating $300 million dollar, private equity deal for my HF. What split can I ask for ?
Hello everyone, A bit of context: * I am Part of a new HF with small sized but very experienced people. in Hong Kong * We are currently not active in private equity, but we are open to opportunities. Thus no clear framework * We had a terrible year in 2018, no bonus. Some senior partners left. But...
Thoughts on Investor Relations? A good or bad move?
Hello Everyone, I was recently approached by a recruiter from one of the Big 3 PE firms about an IR position. As an analyst I had never really considered it as an option until now. The pay is extremely competitive compared to what I'm making now as an analyst at a consulting firm (They're offering...
Job search- Investment Management
I'm a Senior at a "non-target" school with one semester to go. I've been interning with a small wealth management firm since May but am seeking to get into a different role post-graduation. I'm interested in investment-management as a whole. I don't want to do financial advising/wealth management...
PE Co-Investment Associate Compensation
I've seen a lot of topics on compensation for direct investing private equity but was wondering what the comparable compensation may be for a co-investing associate role (investing in projects/companies at the LP level, not FoF). I've been asked to interview at one such firm and was wondering if I...
Credit Suisse PFG vs. Strategy Consulting
Hi all, Currently deciding whether it's worth to interview with Credit Suisse's Private Funds Group (PFG) after receiving an offer from one of Parthenon/LEK. These opportunities are all for full time and I am thinking (although not set) on moving into private equity at some point in my career...
Considerations for mining operation engagement
For a new mining project (Gold, Silver, Copper and Lead) that is requesting a strategic capital partner, what considerations are key when evaluating a project from your Firm's perspective in regards to engagement, partnership or otherwise
NEED YOUR HELP - LBO timing for modeling tasks - technical matters
Hi guys, Need your help on LBO modeling timings. Not a standard job, a pretty big one. To put it short - from your practice, how long can it take to complete a big modeling job (if we disregard any other outside factors like management etc). I would appreciate your thoughts. It's the first time I'm...
Fired from PE firm for getting too drunk at company outing
To give a bit of background, I recently landed an associate gig at a pretty respectable PE shop ($5 bill aum) in the Chicago area (after 2 years of banking). I started about a month ago after packing up and moving my whole life from California. Well needless to say we had a company outing and I got...
Natural Resources Fund Internship Opps Abroad
Hi Everyone, I'm currently in my gap year doing three IBD M&A internships (2x T1 EBs and BB) in continental Europe, right before embarking on my postgraduate studies at LSE next year. While I have preponderantly worked on deals in industrials, ADG and chemicals, I am super intrigued about natural...
PE Opportunities in LA?
Curious — Anyone know of current PE (or even VC) openings in Los Angeles (associate/vp level)? Obviously there arn’t many options for mega funds, but targeting more mm firms. Love to hear your thoughts.
Activist Case Study with PE-style Diligence
I've been asked to develop a case study / pitch for an activist group of a hedge fund whose diligence style is more similar to that of a private equity firm. That is to say, they have longer hold periods and do deeper diligence on their investments, but their investing takes place in both private...
PE-style Diligence Case Study for an Activist Group
I've been asked to develop a case study / pitch for an activist group of a hedge fund whose diligence style is more similar to that of an private equity firm. That is to say, they have longer hold periods and do deeper diligence on their investments, but their investing takes place in both private...
How to talk to lenders
Hi All, Was digging through the forum archives and haven't found anything good about how to talk to lenders from a PE perspective. I was wondering for those who have had a decent amount of time in the diligence process, what are some tips / tricks you use when speaking through an investment and...
VC vs GE vs PE
Feel like there hasn't been a good discussion on the job differences between Venture Capital, Growth Equity, and Private Equity. Looking for insight specifically on comp differences, work/on the job differences, and competitiveness on breaking into each respective industry.
Tough Technical Question on Rollover Equity
I recently encountered the following question and was a bit stumped. If any of you monkey's are able to lend a hand it would be much appreciated. Assume that the Sources & Uses is for the purchase of a company in which 100% of the shares are acquired and 100% of the existing debt is retired....
AIMCo Private Equity
Hi, does anyone have any experience interviewing with them, and if you don't mind sharing what kind of stuff they ask/more about their process? Thank you in advance!
Q&A: BB LevFin - Mezzanine - Opportunistic PE
About I have been a longtime WSO reader (6-7 years) and some years down the track, I thought it would be helpful to do a quick Q&A I think this could be helpful in particular for (i) those looking to switch over from credit to equity investing, (ii) those interested in mezzanine / sub debt, and...
"Strategy Associate" roles in private equity - what are your thoughts?
Hello friends, several recruiting firms have reached out to me about what seem like unique roles at PE firms. The titles have been "Strategy Associate". They are basically pitched as a mix of firm strategy / portfolio operations / investor relations. The responsibilities include: fund reporting, LP...
Career Advice – Is MBB really worth it?
Weighing a couple of options for a first job out of school. As of now I have a merchant banking offer at a middle market firm (read: Piper Jeffery, Rothschild) and also have a final round with an MBB . If I get MBB , which would be in a less desirable city, so which would be a better career option...
Does Anyone Have Info On Alpine Investors (PE Firm That Seems To Recruit Exclusively Out Of Undergrad)?
Anyone have any information on deal flow, comp, prestige, etc for Alpine Investors? They seem to be doing more aggressive marketing at HYSP and Cal/UVA. Curious to learn what its rep is on the street considering they seem to have a culture vastly different than other PE firms out there. Any help...
Initial Off-Cycle PE Email Response
Hi WSO , I am a second-year analyst at a boutique and have been receiving emails for one-off type of opportunities from headhunters. I initially heavily considered just staying for associate so I never really prepped for PE recruiting or any of the process. I just received an email for a potential...
Ghosted After Verbal Offer From PE Firm
Hi, I've been following WSO for years, but have come across a situation I haven't seen answered yet and finally have a reason to post. I live in a small regional market and recently received a job offer as an Associate at a middle market PE firm with ~$500MM AUM. That's the good news. All they need...
How much weight is put on where you went to school in PE recruiting?
Landed a job at an EB in nyc (laz, evr, moelis) with the goal to make it into MF or UMM PE . Having gone to a non target school (state school), is that going to be a significant deterrent in getting into a top PE firm? How much weight is put on your undergrad, especially with an average GPA 3.7-3.8?
Independent Sponsor - Looking for partners
Hi Everyone, It looks like there has been a lot of activity as of late with the whole independent/fundless sponsor model, so I thought I would continue the trend on another front. We are looking to bring in new partners for our independent sponsor that has gained some nice traction this year since...
Direct lending - How does it work?
Hi guys, I just read a new article on ii about Blackstone's plans to increase their direct lending business. Anyone willing to explain how companies such as Blackstone, Carlyle or smaller players get their clients? After a brief research on EU markets I came across a case about Ares Capital and a...
Q&A: 1st year FoF Infrastructure at Buyside
Background Private Equity Infrastructure Funds, Secondaries and Co-investments Experience in Institutional Asset Management & Investment Research (Mutual funds) CFA Completed | European Financial Advisor Charterholder Excel financial modelling (VBA) Telecom & Financial Services Managerial experience...
Cerberus Capital Management (2019)
Hey WSO - anyone have experience or knowledge about the team at Cerberus Capital Management? How about the REPE team? Curious about recruiting, comp., deals they work on, culture of the firm? You get the drill. Thanks!
Big 4 Tax (Real Estate) - Exit Plan/Options
Hi All, I am a senior associate in a Big 4 tax (Real Estate/REIT) without the CPA license. What would be the best exit plan if I would like to break into real estate industry (I am open for ANY options)? I am so early in the stage of thinking about leaving the firm, so I would like to know what are...
What Exit Opportunities Do You See From This Role??
Hello Everyone, I have been a long time reader of this forum and appreciate all of the both humorous and general advice for navigating careers within the higher finance industry. I wanted to to describe my current role within a firm and see if anyone can offer some potential next steps in developing...
Entry/Exit Multiple Selection for PE Firms
Hi Monkeys, I was taught that PE firms use EBITDA multiple to determine purchase and exit price. But in the real world, do you use other multiples? 1. Why don't you use P/E? You make payment for equity, and receive equity value in the end anyway. 2. Would you use EBIT multiple instead if you...
Could there be an IB analyst equivalent job in terms of exit opportunities but with a better work/life balance (better hours)
Hey guys, Pretty much what it says on the tin. I'm asking mostly about London. Is there no IB analyst equivalent job in terms of exit opportunities but with a better work/life balance (better hours). I know consulting can lead to an exit into PE but not to a Hedge Fund. I am already running a...
Reputable Growth Equity & Buyout Shops?
Diving into PE landscape to determine the best way to hone in on a subset of upper MM shops and have noticed that some, like Warburg (maybe you don't consider MM , just an example), engage in growth equity investments as well as traditional buyouts. Seems like an interesting combination and would...
Bain Capital Final Round
Has anyone heard from Bain Capital regarding final rounds for their PE analyst program?
Free List of Mezz Funds
Hey guys, I stumbled upon this database of mezzanine funds and thought you monkeys might get some use out of it. Posting in the PE forum because I came across it when looking for capital providers to expand financing relationships at my old shop, but I'm sure it can also be leveraged for recruiting...
Which MBB is best for PE Recruiting?
Just finished my summer at an MBB consulting firm and had a great experience (loved the people, the work, etc.) -- I got a return offer and I'm definitely leaning towards going back. I'm strongly interested in doing PE after spending two years at MBB and wanted to get people's thoughts on which MBB...
Changing careers to RE (PE/AM or both)
Hi All, I currently work as an Associate in S&T Capital Markets covering Fixed Income Institutional clients on the sales side. Over the years I have gained a strong appreciation for real estate (through a little bit of capital market txn and personal endeavors). Is there any possibility to move into...
GS AIMS Private Equity Group
I've been looking into the Private Equity Group within GS AIMS recently (saw a posting a few weeks ago) and noticed a lot of former analysts were able to exit into PE buyout shops, despite the group doing primaries / secondaries / co-investments, rather than LBOs . Would anyone have insight into why...
Moving from academia to the real world
I am currently enrolled at a non-target school in the southeast as a master of science in finance candidate. Through undergrad, and even now, my work ethic has been impeccable. I have earned several merit based scholarships for both finance and real estate. I completed undergraduate majors in both,...
SAIF Partners
Established in 2001, SAIF Partners is an India focused $4 Bn AUM private equity fund. The firm has a sector agnostic investing approach across all stages. www.saifpartners.com
AllianceBernstein Energy Opportunities
Hey WSO , Long-time user but I am (obviously) employing a throwaway account here to mask my identity. I'm looking for information on alliance bernstein's energy opportunities fund as I am in the interview process with them. From what I've gathered thus far they invest in private debt/equity deals...
Atar Capital
Atar Capital is a global private investment firm that benefits from over sixty years of combined buy-out, investing and asset management experience. The firm's principals have collectively completed over sixty private equity transactions across eighteen countries worldwide. Atar Capital invests in...
IFC investment analyst vs BB IB Associate?
Hi all, I am a third year analyst working in a Mid office for a BB IB . Received an offer to move to Front office role as an Associate. Also, received an offer from IFC for a position of investment analyst in SE region. My final aim is to go for MBA after 2 years -> Join a role to develop more...
Buy-Side Advisory
A few buddies of mine and I are getting recruited pretty hard by a buy-side advisory. All the essentials that you think are included - cold calling, primary research, managing a team of research interns, etc. Essentially, a buy-side brokerage with a medium amount of financial analysis. While...
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