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Associate compensation at small PE funds
Hi everyone, Is there anyone with a bit of insight into what the compensation is for a level 1 Associate at a small PE funds? The fund I am recruiting for is a Western European fund with AUM below EUR 200m. Thanks!
"More Revs"
Hey chimps. Just wanted to share my experience from earlier today. Wondering if others find themselves in the same position? “You’re good, but you just need more revs, and that’s our fault. We need to get you more revs before you can be an associate”, says the VP in his feeble attempt to get...
MM Lending -- Pay / Compensation / Lifestyle?
I'm currently looking at MM Lending opps within PE firms and it looks like there is a dearth of information on the strategy on WSO Can anyone that works in or around this strategy offer any insight on the career path?
Two Superdays Next Week--Advice On How To Answer Two Possible Questions
Hi guys, I have two superdays next week: one for a large Real Estate Private Equity Firm and another for a Large REIT . In my previous interviews I've been fairly confident in my answers to technical questions aside from two: 1. Walk me through a DCF valuation on an asset.....How do you find an...
From Management Consulting to PE - MBA route
Hi guys, I am facing an important decision for my career and I like to share it with you. Background: • Italian Management Consultant, I've been working for almost 3 years now for Second Tier Consulting firm (Top 4/5 in Europe according to most rankings , way below in US) • Planning to apply to...
LBO of an Asset Manager
When PE firms purchase asset management firms , do they use leverage? Or is it a simply equity investment? Any other insight would be very helpful.
IBD vs PE - Long-term / Let the war begin
I've read a few posts on PE and found that it mainly involves searching for capital for new funds. There is also a considerable amount of time spent doing actual things related to the operations of the businesses and managing those businesses. On the other hand, banking involves real-time market...
Amerigo Capital
Amerigo Capital is a private equity firm focused on investing into companies with $1MM+ of EBITDA. The companies deep network of industry operators and experienced limited partner investors allows Amerigo Capital to understand and invest in an array of different industries and sizes of businesses....
Litigation financing salary/bonus structures?
Hello, This is my first post here although I have read the site on and off for some time. I run an RIA which focuses on alternative Asset Management but recently I was approached by a reputable firm about working with them in raising capital for litigation funding. My question is does anyone have...
Ask an Institutional LP anything.
Fire away with questions and I'll give my answers/opinions. I've done diligence on everything from early-stage VCs to megafunds. Feel free to PM if your question is sensitive.
PE Recruitment wave - From banking/consulting into PE
Hi peeps, I am currently applying to PE firms for associate-level roles and now preparing my entry into processes. About my background: done 2 years in one of the main BB financing teams on the street (think DB LDCM, CS LFSG, JPM LAF ) and 1 year+ at one of the MBBs with lots of PE exposure. Got a...
Mid-size Private Equity vs. Big4 accounting firm M&A advisory
Hello everyone, I'm in a position to start full-time either in a mid-size private equity or big4 accounting firm M&A advisory. What's your opinion on this if the pay is similar? One thing that I am concerned with in PE is that it might be not as a strong reference when applying for MBA to top tier...
Looking for American vs European waterfall example
Hi everyone, Does anyone have a worked example to show the difference between American vs European waterfall calculations? I do understand the concept but would like to see an example on it. Managed to find this article online but have no clue how the figures came about...
Q&A: From State School to IBD to MM PE
Mod Note (Andy) - this Q&A originally went up last December but @THE PsYcHoLoGy" wrote and said he could still answer questions WSO , I joined this site during my junior year of college, and it has proved to be a great resource time and again. There is a wealth of information on this site ranging...
CFA® Useful for Breaking Into PE?
Hey Monkeys, I am curious if the CFA® is helpful with breaking into PE . I would imagine it would help a bit since Associates are evaluating investment opportunities. Any insight would be greatly appreciated.
Lower Middle Market Private Equity vs. Middle Market IB (undergrad)
Hello Monkeys, I hope you all enjoyed your summers... but Fall Recruiting is coming... (bad GoT reference?) I was wondering what all of you thought on different routes I could take. Background: Rising junior at non-target Search fund internship this summer where I worked on a deal w/2 acquisitions,...
Coffee post rejection for job
I was interviewing for an entry level position for a REPE decision and didn't do well in the LBO case study, it was beyond what I knew. I made it to the final round. When it finished I did the usual, reach out and email the people a thank you. However one of the guys who was quite senior in the...
Q&A - Private Equity Internships
Hello Internship-Seekers! I have not posted on WSO very much but have utilized a lot of its resources to help pursue my current opportunities. I want to make myself open for you guys to ask me some questions about anything private equity/ IB /networking/internship-seeking related. I will be more...
Q&A - London Megafund PE, one year in...
I did a Q&A before but I lost my login details. Here I am after a year in PE . This forum is a constant source of amusement/info so I am happy to answer any questions, with the caveat that anyone participating is a total loser like me who is on WSO during Xmas : )
Silver Lake - Analyst graduate recruitment process
Hi Monkeys, I will have the Silver Lake analyst (out of graduate) recruitment process in early August and they told me I will have to go through 2 tests before the AC: - 1 LBO case - 1 Accounting case Did somebody already go through this? What should I expect (particularly for the accounting case)?...
Making job search emails LESS vanilla
There are a few firms I am looking to hit up in the city for a potential summer internship ... however after crafting my standard email template, I am wondering how you would go abouts adding a "personal" touch to the outreach email. Should I maybe mention a fact about the firm I like and why that...
Trek Partners LLC
Lower middle market private equity shop that is active within the GIS, telecom, and aerospace industries. Trek Partners was founded in 2012, with a team of experienced business operators, to acquire businesses and grow them over a long (10+ year) time-frame. As a buy-and-build firm with a long...
The Yucaipa Companies
Anybody have any insights/updates on Ron Burkle's LA-based private equity funds? I haven't seen these guys do much recently.
Demystifying GSO Capital (Blackstone)
Mod Note (Andy) - as the year comes to an end we're reposting the top discussions from 2015, this one ranks #33 and was originally posted 6/9/2015. I’ve been searching info about these guys for a while now. There are few threads on WSO with some insight, but still pretty limited; best source...
Qualities of a Great Investor
Mod Note (Andy) - as the year comes to an end we're reposting the top discussions from 2015, this one ranks #44. This one was originally posted 10/19/2015. If you've seen some of my other posts you know that I'm not a stock picker, deal maker, or quant - I'm an institutional investor. Every day our...
Treasury Analyst at AM/buy side fund
Hey everyone, I recently got an interview for a treasury analyst position at a major AM . The reason I decided to ask about it even though I haven't gotten a offer is that I've never thought about going into treasury. I am currently in a middle office at BB as a control function, but what's unique...
Industry > > consulting
Do you ever hear of people going from consulting >> banking or buy side >> consulting at a higher level or different group? Let's say you spent 1.5 years in a Public Consulting Group , projects were in financial turn around and vanilla-process optimization. Then you got an offer at a buy side shop...
Meeting headhunter: how to advertise interests in multiple fields?
Hi everyone, I'm having coffee with a headhunter soon (a meet and greet - not looking to transfer at present) and wanted some advice. I've heard people say that you need to have a very good idea of what sort of fund you want to work at before these meetings. However, I'm facing two problems with...
Career Advice: Starting Career In Family Office
Hello. I just graduated from college, and currently have an offer working as an Investment Analyst at a single family office (think one of the richest families in Asia). Should I accept the offer or should I shop around? What will my career prospects be like if I take on this offer? Thank you!...
Now What: Harvard or Wharton?
Oh my goodness, I'm so sorry for posting about deciding on where to go for college, but....I was admitted off the Harvard waitlist with the condition that I can attend for the class of 2021 (i.e., I'd have to take a gap year). I had already been planning on going to Wharton for the class of 2020...
Take Equity or Not
I brought a very interesting and lucrative opportunity for our firm to JV with a start-up without our firm having to put up any cash. Should I ask for equity? I am a VP and I brought the connection to the group. The start-up initially asked if I wanted to personally have the entire 50% stake to help...
Best Career Track for Young Pro After CFA®
Hi All, I've been reading WSO for a while not but haven't written or commented much. Last weekend I sat for Level 3 of the CFA® Exams and feel pretty confident about it after passing the first two levels on my first try. My question for the community is, what career path would you recommend for...
From post-investment portfolio management to PE
Hi fellow monkeys: I graduated from college in 2012, and was wondering if I can seek your advice on how I can transition into a PE role at a decent platform please? I knew I liked investment due to the intellectual aspect, but was not very clear on what kind of investment I would like to do, so I...
EMBA, HBS LDP or other training for M&A lawyer joining new PE firm?
I am currently a junior M&A / PE partner at a top wall st. law firm. Late 30's with a young family. Ivy undergrad and law school. Good understanding of "business" but no formal business training. I have a very good opportunity to join a small but growing PE fund/permanent capital vehicle as a...
Self-employed PE analyst - is this normal?
Hi guys, I am about to start a job at a small PE fund in the UK and I was wondering about the contract. It says there that I am "self-employed" and a "consultant" to the firm. Apparently this is also the case for the other analysts. I asked about this and apparently it is done like this because all...
Is Search Fund Experience Valuable?
How is Search Fund internship experience looked by Investment banks and Private equity firms? I have work on a few lbo models, build three statement models, work with brokers for finding deals and evaluating CIMs .
Takeover: Hedge Fund vs. Private Equity firm vs. Holding Company
Hello peers, I was wondering which type of firm would be better for the following: A firm that specialises in acquiring large stakes in firms or hostile takeovers in order to either a) increase their value and sell them after 5 year exiting at a certain multiple c) do asset stripping and try to make...
Odd Question - Transitioning from CRE Private Equity to M&A Investment Banking?
Hi All, Long-time lurker here. I posted once before to ask a question when I was offered a new position earlier this year (left a tiny boutique RE Investment Bank to go work for a small-/mid-sized REPE fund with around $1B AUM), but I've been thinking about my career path quite a bit lately and I'm...
New PEI 300 ranking
PEI just uploaded a new ranking of the largest private equity firms, measured by AUM raised in the last 5 years - thoughts? https://www.privateequityinternational.com/PEI/PE…
CRE Brokerage --> PE
As the title says, would I be able to switch from commercial real estate to PE or IBD? I'm in my first year out of school and long term want to get into PE but didn't get the offers I was looking for. The job description for a mid tier CRE broker seems to be a bit analytical, but primarily focuses...
CRE --> REPE/PE
As the title says, would I be able to switch from commercial real estate to PE or IBD? I'm in my first year out of school and long term want to get into PE but didn't get the offers I was looking for. The job description for a mid tier CRE broker seems to be a bit analytical, but primarily focuses...
Leave MBA Program for Job Offer?
I was having a conversation with a few classmates recently and the topic of networking and job offers came up. One question I am going back and forth about is whether or not you should accept a job offer if it required you to leave your current program. To fill out the scenario a bit here, you can...
Michigan LSA economics major Vs. Vanderbilt CAS Economics Major
Dear people with financial knowledge, I ask for your help in making a crucial life decision. I was accepted into Michigan Literature Science and the Arts (economics major) and into Vanderbilt College of Arts and Science (economics major) as a transfer student for my sophomore year. After college, I...
PE Analyst salaries in London?
Hi guys, I've got an offer at a small PE fund in London and I was wondering if the pay is ok or not. The fixed salary will be between 35k and 40k GBP, on which the bonus as well as a participation in the carry. I don't have previous full-time work experience, but I do have a Master degree. Do you...
Transfer to PE in Emerging Markets
Hi, I'm interested in pursuing private equity in an emerging market, primarily for the experience (e.g., growth focus, unique ownership structures, cultural context, 'wild west' of investing) and because I love to travel / experience new cultures. I could imagine transferring as a senior associate...
How do you return to investment banking from the buyside?
WSO Community, Firstly, I want to thank you for all of the insightful questions and the great advice/counsel that is posted here. I have used WSO over the past few years to navigate my career in finance. This is the first time I am posting on the forum, primarily because I would like your advice on...
PE Funds where Ops works with deal team pre-deal
Does anyone know of any funds where the Operating team gets involved pre-deal? Possibly in the form of giving an opinion including potential operating improvements with the idea of executing the recommendations after close. If this doesn't exist, or even if it does for that matter, what are some...
Private Equity Track and Skipping the MBA
I'm exploring options for post-banking opportunities in finance, but I've categorically ruled out getting an MBA . Thus up until now, I hadn't given PE much thought. I'm starting to reconsider PE due to some firms promoting to senior associate sans MBA , which is very appealing. I intend to make my...
PE -> JD/MBA: How to fill the summers?
For those who choose to go this route, how do they usually try to manage their internships? I imagine most don't just go Finance/Finance/Finance their three summers (assume a 4 year program), but I also assume that last summer has to be Finance if you're looking for an "exit" back into PE / HF...
Bottom to mid bucket bonus
Hi guys, I searched and found a few dated threads, but with bonus season coming up I was wondering what the actual bottom to middle bonuses have been recently when compared to the top bonus? Are we talking a dispersion of $30k or something much more? I see myself in the middle bucket, but there are...
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