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Private Credit comp info
Hey guys, There's genuinely not much info about private credit comp for analyst levels in London and Continental Europe. Need numbers for firms like Muzinich/Tikehau/Eurazeo etc. info seems to be conflicting. Thanks for all the help!
Should I Buy a PC to Practice Modeling?
Hi all, I'm an incoming full-time investment banking analyst in NYC at an EB and intend on participating in on-cycle PE recruiting next fall. I had a great time interning this summer and enjoyed the work laptop provided to us because it finally allowed me to get used to working on a PC (I'm a...
PE Seniors: How do you guys manage WLB in the long term, whats the path to long term success/avoiding burnout in PE?
Before anyone points out that there are many such threads on the forum, yes there are and I have used the search function and gone through those and I still have a couple of qustions and a couple of observations. I'm trying to get the opinion of senior guys here so ideally VP and above. Not to say...
London PE Consumer focused Off cycle opportunities, networking etc.
I will be traveling to the United Kingdom next year to complete my studies and would like to use this time to explore off-cycle internships. I had previously completed various finance internships, but I recently recognized that my area of interest is mainly centered on the retail/consumer/luxury...
Move from Search Fund to Investment Banking?
I have just got an offer for a very small search fund as an analyst. Would working at very small search fund provide valuable experience I can leverage to get into investment banking. It only started 2 years ago and they have only done one deal so far. I studied Finance from a non-target and just...
Apax SA 2024 London
Anyone hear back re next steps in the process? Heard from VP they are in the final stages of shortlisting...
Seeking WSO Community Guidance re Upcoming Background Check Exposure for New Job
Dear WSO Community - Would appreciate people's thoughts as I navigate a tricky situation. Not looking for legal advice and am definitely doing my own work there. My hope is that people can share first or second hand experiences to help inform my situation and that if anyone finds themselves in a...
PE second round Interview - Internship
Hello everyone, so after my first round, the partner told me what to expect for the second/ final round It will a be whole day in their office, and the first phase will be analysing a random Investment memo and discuss it with the partners, second step is to build an LBO model from scratch which I'm...
Finance and The End of History / The Alchemy of Boomer Magic
First things first, which summarizes this blog: "Past performance is no guarantee of future results" Many of you have found yourselves on this forum seeking for advice to break into the world's most lucrative industry. You see before you past generations of billionaires and centimillionaires created...
Being recruited to PE from Corporate America
Greetings all - I'm being recruited from a C-level role in corporate America to be a managing director on the operating side of things for a PE firm. This firm has +$20B under management with a great track record of returns. The work sounds interesting to me but I'm sightly worried about the risk of...
PE internship Interview
Hi everyone, I have an 30min interview with a private equity firm in Belgium, and they called the interview "an Introduction" and it will be via teams, what should I expect ? thanks in advance !
Sophomore Seeking Internship Advice. Should I take this if it's unpaid
Hi guys, I'm currently a sophomore (diversity) at a semi-target uni (think IU Kelly, UNC, UT, etc.), majoring in finance. I have two (remote and unpaid) internships on my resume—one in PE and one in IB. My GPA is well above average, and my extracurriculars are also solid. I recently received an...
Why do PE firms charge monitoring fees just to offset them?
Hey all, I was reading a bit about how private equity firms make money and came across monitoring fees and offsets for LPs. I think I understand why offsets exist and that without offsets, LPs are effectively double-charged. But I don't understand why GPs bother with monitoring fees if they're...
Best city in the world for PE outside the US
Hi, We all know that New York is the largest financial capital in the world. This is where you can earn the most. And the US is the land of Opportunities. However, taking into account factors such as total comp (and carry) adjusted for cost of living, and WLB, what is the second best city to work in...
London vs Zurich vs Frankfurt
Hi, Which of the above cities is the best for working in PE? For example, which of them offers the best total comp (and carry) at specific career stages (especially VP/Principal/Partner). What are the differences in the work-life balance?
Tikehau Capital - London info?
Hey guys, any insights on Tikehau's Private Equity and Credit teams in London? Culture, reputation, comp , work-life balance...? Not much clear info on WSO about them. Heard they pay badly, but can anyone confirm the rest?
Not getting more matches despite working at a top PE firm
Hello all, I changed my job status to "Private Equity Associate" at The Carlyle Group on Tinder, Hinge and Bumble three months ago but for some reason I am not getting more matches compared to when I was in banking or at uni. On average, I got between 5 and 7 matches every week (across the three...
Does this strategy have a specific name ?
Hello guys, my question may be dumb for some of you but here I go, A growth equity fund that I know is raising a new fund with a new strategy but I cant find any other fund that have this approach. Basically, they will buy companies, that have been struggling to get above 20/30% growth yoy, and will...
Best affordable undergrad target-schools in Europe
Hi, I will be graduating from high school next year (one of the best high schools in my country, with a GPA in the top 5%). I have always dreamed of pursuing an IB -> PE career (especially in London, but I don't mind Frankfurt and Zurich as I am learning German, currently B2). However, my parents...
Evercore vs Lazard
Hey y'all I am new posting on here but was just curious of what people's takes might be: If you guys had offers from both Evercore and Lazard (same group), what would you pick and what are your takes in terms of Compensation (Signing Bonus, Salary, EOY Bonus), exit opportunities into Buy-Side...
Best Reads for PE
You know how when people prepare for restructuring they read Moyers and the HL RX case. What is the equivalent of this for private equity? Are there any core readings that help you really understand the industry at a deep level?
Seeking guidance for masters programs - Profile evaluation
Hello, I am turning to you for advice and insights regarding my search for an "elite" master programme. My goal is to pursue a career in M&A and possibly move into private equity. Below are my credentials and aspirations: Academic Excellence : I have a strong academic record with a GPA of 3.9/4.0,...
Oncycle Recruiting Looks Possible for Canadian Bankers?
Incoming first year analyst trying to learn more about PE recruiting. I know its already extremely competitive for junior bankers based in the US to get looks on oncycle, and my question isn't necessarily for MF oncycle recruiting but was wondering how possible it is to get oncycle looks if based in...
UBS London Best Teams for Exits
Looking for some guidance. Aware of previous discussions but none reflect effect of UBS-CS integration and current 2023 market. 1) What teams at UBS London get looks from UMM headhunters? Eg M&A, TMT, GIG, LevFin etc 2) Is it 2 year analyst to associate due to Credit Suisse integration? 3) Is it...
Is this the Black-Scholes of Private Equity?
Hey fellas, a couple of the guys in my city's networking groupchat (it'd be generous to describe these oafs as friends) started a Youtube channel and apparently they're able to solve for levered return really fast. They shared their first video in the gc earlier this evening. (This is their video...
Straight to PE vs doing 1-2 years of IB First
Looking to hear thoughts on the topic from people who took either route. Long story short, I know I want to do Buyout PE (and have interviews for a few full time roles). However, I am thinking it would maybe be better to stick with my full time EB offer for a year or two, go through the analyst...
Explanation of Advanced Private Equity Deal Mechanics and Ratios
Want to break into a UMM/MF buyside seat after graduation, got contacted re processes with some funds running analyst programs through HHs, background ivy, MF PE and EB RX internship experience in NY. Wanted to gather some thoughts and explanations on advanced private equity deal mechanics and...
What is the difference between Sam Bankman Fried's "FTX" and any other bulge bracket bank?
Why was Sam Bankman Fried's company "FTX" relocation of customer funds to separate financial ventures considered illegal but when the big bulge bracket banks do it, its legal? The big bulge bracket banks like Chase use money from customer deposits/savings to lend out in the form of Mortgages and...
How Hard is it to Hold Onto Your PE Seat?
Obviously this is a function of rates/the current market, but seems to me that lately a lot of associate level folks in PE on this site are posting about being forced out / feeling anxious about not having a PE seat for much longer. It's a given that MF funds tend to have 2&out programs, but for...
Co-investment Case Study
Hello, I am working on a co-investment case study (it is almost an LBO model test from my perspective): That target company is a fictitious public company. The sources and uses are quite straightforward to compute, although I am not sure whether to use Total Equity Value or Total Enterprise Value in...
How underpaid is this in PE?
A friend at a LMM PE firm was offered $100k base + $50k bonus as a 2nd year associate. This seems well below market right even for a sub 300M fund?
Need a Change of Pace... Flat Hierarchy Firms
I can't deal with this hierarchical bull anymore. I am at MF doing tech PE right now, but I hate the bureaucratic nature that comes with it – I feel stifled. What are some places where I can continue being an investor that has very flat hierarchies? Any specific firms or broader categories of...
Syndicates/Investing into PE firm as an LP
Would anyone be willing to chat about their experience investing/setting up a syndicate? I have an oportunity to invest into a strong PE fund's next vintage and looking to learn more about people's experiences with syndicates
Syndicates/Investing into PE firm as an LP
Would anyone be willing to chat about their experience investing/setting up a syndicate? I have an oportunity to invest into a strong PE fund's next vintage and looking to learn more about people's experiences with syndicates
Ivy Engineering Bachelors+Masters+F50 R&D -> IB/PE/VC/etc
Hi all. I’m a senior Mechanical Engineering major at a T10 school (think Penn/Brown/Duke/CalTech/etc). I’ll be graduating with both my BSE and MSE in MechE. I've completed my master's during my undergrad to enhance my technical branding for VC. My long-term goal is to work in finance or S&O...
Uni Pension Plan (UPP), Canada
Anyone has info regarding Uni Pension Plan? (Didn't type the full word since it would be moved to another forum) They are a newly formed pension fund for unis across Ontario, Canada. https://myupp.ca/ Any information about culture, their investments, pay, interviews would be great.
Thoughts on Big 4 M&A Consulting to PE
Hi all, I am a senior honors student at a semi-target with a full-time Big 4 M&A consulting offer, and I'm looking to transition to PE in 2-3 years. My background includes a 3.7+ GPA, a lower-middle market PE internship first year, valuation and advisory consulting sophomore year, and an MM IB...
Reaching out Linkedin
Hi all, I have a healthcare license (not MD) and worked in the hospital before. Then, I got my JD. About to send job requests on LinkedIn. How likely can I leverage my work experience in healthcare if I'm applying to healthcare PE? I didn't do MBA nor studied business in college. I feel JD is quite...
Mercer Alternatives Program?
Anyone have any insights on Mercer's Alternatives team? recruiter made it sound like a PE FoF investing role with some sort of consulting mixed in?
PE case interview - prep advice
Hi everyone! I'll have an interview for a PE analyst role at the development bank that is focusing on PE and VC in emerging market. There will be an offline recruitment day with all rounds of interviews happening on the same. On top of fit interviews, there should be a 45-min case study. Do you have...
simple LBO question: taxes and interest expense?
hi team... i am confused. scenario below: Tax rate = 40% EBIT = $150 Interest expense = $100 Every template LBO model I see would calculate taxes by taking $150 - 100 = $50 * 40%... However, I am also seeing online that interest expense is not fully tax deductible... that there is a 30% limit of...
Oncycle Private Equity Recruiting Canada (Class of 2025)
What did oncycle look like for PE this year in Canada? I heard Altas did oncycle in August, but not sure Brookfield or Onex participated in it. Any idea which firms have or have not hired, and when the ASO class of 2025 will be hired if not during the August oncycle wave?
What’s the Best Path into VC?
Hi everyone, I am currently a freshman at a non-HYP ivy, and I’m pursuing a CS/Econ double major. I’m pretty overwhelmed by all of the career paths open to me, so I’m looking for some guidance. My ultimate goal is to go into GE or VC and help grow technology companies, but that isn’t set in...
Advice on lateral recruiting in PE
Hey everyone, I need some advice. I’m a British (need H1B) student at a top target with a very high GPA. I recruited for a BB in London for my junior summer but realized that starting in the US would be better for me career-wise. So, I networked starting my junior spring (spring 2023) and tried...
REPE Final Round Interview (Investments)
Hi All, I have a final round interview with a Canadian REPE fund coming up (KingSett, Starlight, Hazelview, Alignvest). I was just wondering what these interviews typically look like and what to expect in them?
Distressed (Early) Tech Buyout - Revenue vs. EBITDA multiple-basis for entry vs. exit valuation
Hi monkeys, I'm sure this topic has been discussed a number of times, but prepping for a case study for an early "distressed" tech buyout shop (focus is on acquiring c.$10-30m revenue businesses (c. $10-60m EV; no debt used to finance buyout) which are primarily unprofitable and then flipping once...
Thrivent PE Team in Minneapolis
Hello, Have we worked with this fund before? If so, what was the culture, career and comp progression like? From what I read, they do more of co-investing than of traditional buy-out but please correct me if I am wrong. Thank you in advance.
Strong MM IB vs LMM PE
Currently considering two different offers in London: Strong MM IB Mid-level analyst (HL RJ etc) vs Investment Associate in LMM PE (Less than £200m AUM) in a very narrow sector vertical (Less than £200m AUM). My background is B4 Audit > B4 M&A. PE is my long term career goal, but concerned this...
Is a Dual Degree in Management a Bad Idea if I Want an MBA?
I intend to migrate to the US, and I've found that getting an MBA is the most convenient way to network and get a job in IB or MC until I finally crack into PE. I realize this would be unnecessary under ordinary circumstances, but we all know it's practically impossible to get a job in the US with a...
Deciding between staying at small growth fund or take MM IB job for PE recruitment (post IB layoff)?
Hi all - just wanted to hopefully get some perspective from people here as I try to make a pretty important decision. I was previously a first year analyst at a top MM bank (think HL, Baird, Jefferies, etc.). The firm I was at had massive layoffs earlier this year and I was suddenly thrust into this...
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