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Investing role at a 1 year old holding company, pros/cons?
Hello everyone, I currently have slightly under 1 year of experience in business valuation in a large city (SF/NY). I will likely receive an offer soon for an analyst role at a pretty new (1-year-old) holding company that is a spinoff/owned/sponsored by a middle-market PE firm. They have a 5-7 year...
Should I take a MM IB or PE internship pre MSF?
I am an incoming MSF candidate at one of the top US MSF programs- I've had a F500 FP&A internship and am currently completing a regional boutique (~5 headcount) internship (this is my 5th month). I've had luck networking and have solid leads for two internships- the first being a (I believe lower...
Fun (debatable) Paper (sorta) LBO problem
Folks, I am practicing for my up-coming interviews and found this problem on 10xEBITDA. They described the problem under paper LBO section but I do not think I will be able to finish this in 15-20 minutes, hence the title of this post explains my rationale. I hope everyone can chime in and provide...
Reputation? Five Elms Capital
The firm seems to be growing astronomically and making great investments. I realize it is in the midwest, but regardless of location, what is the general outlook/reputation of this group? Any info on similar firms, pay, exit opps etc would be great!
Thoughts on LLR?
I recently went through the Investment Team 2023 Summer Analyst Recruiting Process for LLR Partners. Personally, it seems like it would be a great experience in a great city that is mini-New York. In addition, I feel like working on healthcare + technology deals within the Growth Equity sphere would...
Models from advisors that aren't linked
Still new to PE, and I got a hardcoded model from a sell-side advisor. They have a linked model (i.e. they broke the links and gave us the resulting output) but will only release the linked version to those who make it past NBO stage. 2 questions occurred to me: 1. Is this a common practice based on...
Growth Equity Shops - Tiers?
Hi all, Can we get a running list of the tiers of GE shops? Obviously this is subjective, but I think it would be helpful to have an idea of how good some funds are relative to others. This list I found seems to be the overall best firms in GE, so anyone on the list should be proud as is, but if we...
Sponsors Group v Generalist Group Exits
Does joining a sponsors group limit exits to PE/HF roles? Both roles would be at MMs. Honestly not really sure what I want to do post banking. I know PE is often glorified on here, and it's definitely something I'd consider, but I'm also open to exploring roles in growth equity/VC/startup. Would a...
PE on-cycle recruiting for women
Were there any specific on-cycle PE recruiting events for women conducted by PE firms? Any Women want to share their recent PE on-cycle recruiting experience?
Help: Previously set on working in REPE, now as a Sophomore I have no idea where I should work at after college..
Hey guys, so just a bit about myself, I'm currently a sophomore at a non-target university on the west coast majorly known for ranking top 10 in their real estate program. I'm double majoring in finance & RE, was previously super set on trying to break into firms like Starwood, Hines, Brookfield,...
European Institutions - How do they look?
Hi guys, I have been thinking a lot lately about how an internship at a European Institution (i.e. European Investment Fund / European Investment Bank / EBRD) would look like on the CV of a candidate who wants to break into the PE field. I come from an ultra non-target local Greek school and job...
"Specialty" Banking Credit Analyst Career Options/Exits
I recently graduated from a target west coast school and have been working at a mid-size (~$100BN AUM) bank for 9 months now as a "specialty banking" credit analyst in a rotational pool (2 year program). Pay is decent (not great for LA though), 40-50 hour work weeks (firm likes to sell that point...
Bank Of America IB Or Blackstone Strategic Partners?
I was just curious what the general opinion is of these two summer analyst positions in New York City. From my understanding, Strategic Partners at Blackstone isn't as well-regarded within the firm, but how does it compare to an investment banking position at Bank of America (exit-opps, hours,...
Thoughts on an Early Start / Off-Cycle for PE ASO?
Hi everyone, I've recently received an offer during the 2023 on-cycle process and am planning to ask my firm about the possibility of an early start in January 2023 instead of the usual August 2023 start. How flexible are PE firms with start dates? Any pros / cons? For more context, I would also...
PE ASO Early / Off-Cycle Start?
Hi everyone, I've recently received an offer during the 2023 on-cycle process and am planning to ask my firm about the possibility of an early start in January 2023 instead of the usual August 2023 start. How flexible are PE firms with start dates? Any pros / cons? For more context, I would also...
Waud Capital Partners - Investment Summer Internship (Chicago)
Good morning everyone! I am a sophomore in college and I applied to Waud Capital Partners summer internship program and I have an interview scheduled. What should I expect during this interview and how would the day to day look like? What's the pay for interns? Also can you give me more context on...
B-School Placement across PE Firms (2022)
Hey y'all, with things constantly shifting each year, I wanted to get any insights on updated b-school placement across PE firms for 2022. I'm not sure how "pipeline" firms have fared in recent cycles but would love to get a fruitful discussion and insights going. Thanks!
Deal experience for PE recruiting - can you fake it till you make it?
I'm a first-year analyst working at a decent BB, but have not worked on a proper M&A transaction so far. Last week, one of my fellow analysts quit, so I took over her sellside M&A project - but the bad part is that all the marketing materials/models have been made already, so there is nothing much...
How rock solid are certain choices...
1) Let's say I'm a 2nd-year analyst at a BB, and deciding between a few exit opps. If I decide to go to PE or HF, how easy is it to go back to IB if I absolutely hate it?? 2) Let's say I'm a newly promoted A2A associate at a BB, and I'm like "fuck, I should've done PE." How hard is it to switch to...
Why would anyone in their right mind make the switch to PE?
Why would anyone in their right mind switch from BB Analyst --> MF PE Associate? Why not just go A2A? Everyone on this forum talking about how MF PE is 2x worse than IB for work/life balance, similar pay at junior levels, and very little chance of making partner or getting that coveted spot at the...
Rising Freshman -- Need Advice
Hey everyone, I'm a rising college freshman at an ivy (top 5 for IB/PE placement), and I have been spending the past few weeks thinking a lot about my future career. I've talked to some alumni/current students and found out that summer '23 internships are already being taken, meaning that...
How many "carry" bonuses does a Private Equity employee get per year on average?
I dont have the statistics. But if a private equity employee contract has a $50k bonus per "carry"... On average, how many "carries" does a Private equity employee get per YEAR?
Any advice for a recent graduate?
I am about to graduate from a reputable university in Canada (McMaster University) with an Honours BCom degree (specializing in Finance), and I was just wondering if anyone has any advice for a recent graduate looking to get into the industry? I specifically have an interest in IB, PE, VC, AM & ER,...
Exit Terms for Carry and Fund Interest
What do people normally see offered on their vested carry and funded GP commitment when they resign from a firm? Being asked to sell back my fund interest at face value of my capital contributions (valuation has appreciated a lot since date of investment). On vested carry, they are saying I keep the...
Is Private Equity oversaturated, overhyped, and overrated?
As someone who just landed an SA 2023 internship and is looking at first year analysts getting recruited for private equity after ~6 months of full time experience, I was hoping you guys could explain the allure of going into PE so early. It's not like the hours are significantly better for 1st...
Singapore PE/IBD internship cold calling/emailing
So I'm an incoming student at a top US MSF with F500 FP&A and regional boutique IBD experience. I have family in Singapore, and my siblings have had internships in Singapore in the past- I was wondering if anyone can refer me to a list of places to cold call/email in Singapore to search for...
Temasek Interview - Case Study
Hi all, Have a case study round with Temasek (consumer/tech division) coming up, and I'm wondering if anyone here has had experience with this particular round. From what I gather, they'll most likely give you info on a company, and you need to build a DCF, possibly LBO. Looking to confirm this +...
T5 Med School Medical Student Interested in Working as an MD on a Life Science PE Group
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...
Green Key Resources
Haven’t seen any posts about these recruiters so I want to share my experiences with them so no one will make the same mistake I did. Was originally approached by Green Key regarding a role with one of the PE megafunds. It was what I was looking for so I hopped on the phone with the recruiter to...
PE Associate Comp Benchmarking
Given the on-cycle process kicked off earlier this week and a lot of official offers have been given out thus far, thought it might make sense to start a thread to benchmark what PE pay will be for the 2023 Associate Class. Feel free to drop below using an easy template: Fund size: Location: Salary:...
BayPine - PE Recruiting Info
Anyone have an idea of which headhunters recruit for BayPine - Boston-based PE firm in its first $2.5 Billion fund?
SM vs MM HF after PE
Fellow Monkeys, I'm a PE associate at a UMM with a couple years of experience. Looking to get into the HF space and want to learn more about MM vs SM funds. I understand that the models are a little different (MM L/S = shorter term holds, SM = 6-18 month holds). Can someone explain: 1) Is MM or SM...
Purchase Agreements
What items do you prioritize in sale and purchase agreement negotiations? No doubt there are specific reasons for a deal so would be helpful if you can share the context.
German PE - Comp Survey
Hello everyone, Looking for some datapoints on PE Comp in Germany. If you have existing surveys or good datapoints from external sources, that would be welcomed! On my end (all EUR): Assoc 2: 70k fix, 50k Bonus (can go up to 70k), 2% Carry on EUR 200-250m fund. Thanks - much appreciated.
Is it possible to create somewhat more compressible data for retail, PE, VC and M&A investors on specific companies and deals they are researching?
I would like to know if its possible to build something more contextual data for retail investors or institutions who can take advantage data analytics , and big data in order to make better investment decisions with help of technology . I know P.E , V.C and M&A and even retail investors has...
Mega Fund PE or IB out of Undergrad?
I am having a hard time deciding between Mega Fund PE and Bulge Bracket IB. I have offers from both for summer but don't know which one to choose. I have always wanted to do PE and definitely think that if I start in IB I will end up doing PE after my 2 years. But I am thinking about further down...
Easy questions on arr and run rate
Hi guys. Easy questions below. 1. what’s the difference between annual recurring revenue and run rate? Aren’t these basically the same? 2. I don’t understand when I’m looking at a CIP when they say “projecting 2023 run rate revenue of $10m.” Why wouldn’t you just say 2023 revenue of...
Offer Analysis Help
Hi everyone, I am looking to crowdsource opinions on three offers that I have received (no exploding timeline, all off-cycle). One is early-stage VC, one is traditional tech buyouts (a step below TB, H&F, Vista), and the third is GE. Comp, responsibilities, etc. are fairly straight-forward. Key...
Headhunter Discussions
When approaching a headhunter, can you ask to be show both credit and PE roles or do you need to only choose one? I know they want people to know what they want specifically, but what happens if you have both interests? In other words, very context specific. Also, in a year or so, can you reach out...
How to network for bizdev purposes when in finance?
I'm an incoming analyst at an MF in RE. As a non-target, I networked my ass off to get this seat. It consisted of me doing a lot of cold emails and reaching out on LinkedIn to learn about their careers and companies, before asking about recruitment. I fully understand how beneficial networking can...
Minimising errors in models and formulas
Hey all, As an analyst, there's a natural expectation that the work you produce be error-free (or as devoid of errors as possible) As I've done my own models/looked at others, I've realised that there are occasional issues that have an impact on output e.g. formulas don't reference the right cells,...
pre vs. post money valuation? purchase price? so confused!
hi team... 1st scenario: assume I am a buyer assessing a potential target. this potential target had a recent financing round and you can see both the pre and post money valuation from the round... which metric (pre or post) would be more relevant for helping me, the buyer, determine how much i...
Shopping Offer
Hello guys, I am sitting on an offer from from a very reputable fund but for specific reasons I'd still like to see what's out there in the market. How do you shop an offer without coming off as treacherous (for lack of better word)?
How to break in right after graduation (DACH / Europe)
Hi all, wondering if there is any ways to break in right after graduation in Europe. I know that it might be utterly competitive for Partners Group, but there seems to be a ton of boutiques particularly in CH . How is the competition and is there any ways to be considered right after graduation for...
HF vs PE vs FO
For those of us considering one or another after An2, what's the biggest difference. Consider a Coatue vs Warburg / KKR vs Willet. Some play both public and private, some just private.
MBB to PE process
I'm a senior in college working at an MBB in NYC next year. I'm interested in moving to PE after 2-3 years and trying out the interview process this fall. I've tried to do some online research about the process and have found some slightly contradictory information (which was similar to my...
Ares SSG insights
Hey all, Got a first round interview with Ares SSG (formerly known as SSG Capital and based in Asia, acquired by Ares in 2020). Anyone has any insights to share about the team? Been working in finance for the last couple of years, and the importance of having a good team has become clear, so hoping...
Bertram Capital in SF?
Is anyone familiar with Bertram Capital in the bay area? I'm curious to know what their firm culture, recruiting process, etc. is like from anyone that knows of them. I'm not sure how well-known they are in the NorCal PE scene, but they seem to be getting pretty big (most recent fund size ~950mm).
Private Equity out of uni. How?
Trying to get into Real Estate Private Equity straight out of university. I'm a first-year from Cass Business School (pretty well-known with REITs and REIMs). I have a Spring Week with SIG (Susquehanna investment group) who are primarily quant trading but also do PE/VC.What else do I need to do, and...
Summer Analyst - Pimco Alt Credit vs BAML IB vs Lazard M&A
Dear all, I'll be so much appreciated if I could have your valuable thoughts on which summer analyst role to choose among the following 3, in terms of learning curves, career trajectories, full-time return rates, compensations ... and all other aspects . I haven't decided which route I want to take...
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