WSO Hall of Fame: Private Equity Forum

May 18, 2016, 2:08 pm

The Wall Street OasisPrivate Equity Hall of Fame provides a comprehensive collection of some of WSO's best discussions on the private equity industry. Keep in mind this Hall of Fame does not include Q&A sessions by WSO veterans. To view a full list of Q&A’s & Interviews please navigatehere. If you think we missed a post that should be included in the Hall of Fame, please e-mailAndy@wallstreetoasis.com the request.

Click on a Topic Below to Reveal the Best Relevant Discussions:

Private Equity 101: Understanding The Basics

What is Private Equity?
Primer on the Private Equity Agency Business
What's So Great About PE?
Where is the industry going for young professionals?
Any thoughts on what PE looks like a decade from now?
What is the most prestigious PE firm?
Observations of a PE Analyst
Megafund chiefs make $500 million a year?
CFA and PE: The Ultimate answer based on performance not prestige
PE question - Understanding AUM?
KKR PE straight out of undergrad vs top BB?
Wharton Course: Private Equity Videos

Venture Capital: Data Driven vs Traditional Strategies
VC, A people's business : The Importance of Network Building
F500 Venture Capital
Venture Capital Sucks
Why don't more people start VC funds?

WSO Finance Dictionary

Interview Preparation

Random Thoughts on MM PE Analyst Interviews
Advice Please! Growth Equity Interview Questions?
PE question - If you can only know 3 things for an investment analysis?
LBO Case Study Analysis
Good, tough technicals to ask?
Interview Question - PIK Accounting
Early Stage VC 101: 5 Questions You Better Be Able to Answer
FCF - Term Loan A vs Term Loan B

Helpful Services
WSO Private Equity Interview Prep Pack
Financial Modeling Training - Self Study

Succeeding on the Job - Developing the Investor Mindset

Succeeding as a PE Profressional
Top 5 Skills Needed to Succeed in PE
How to make VP in Private Equity
What do PE professionals read?
Part of carried interest for Sr. Associate/VP in a small PE fund

Developing the Investor Mindset
Thinking like an Investor: The key financial metrics
Very detailed notes of Peter Thiel's startup class at Stanford
Net Working Capital - Valuation model
Calculation of Goodwill in LBO?
PE Waterfall - Modelling Catch-up
FCF - Term Loan A vs Term Loan B
Urgent Help: Mezz Debt and Distressed Debt Investment
How to Analyze a CIM Effectively

Beginner's Guide To Building an Angel Investment Portfolio - Part One
Beginner's Guide to Building an Angel Investment Portfolio - Part Two
Beginner's Guide to Building an Angel Investment Portfolio - Part Three

Helpful Services
Financial Modeling Training - Self Study

PE Lifestyle

Lifestyle Posts
Re - Lifestyle in Private Equity (lower mid to mid market space)
Long-term PE - Lifestyle
Megafund=Sweatshop?
Highest paying PE firms for IB jumpers
Anyone Else Find their PE Job Boring?
Why do ppl choose megafunds over MM?
Weekend Work in PE?
Private Equity: Still a WASP Old Boys Club?

PE Forum Humor
Getting Dropped in the Tank
1 Thing in Common Among PE Associates
Horrid Boss gets a smack in the mouth

Exit Opportunities & Transitioning Out of PE

Life after PE - the other road
Private Equity Burn Out
Leaving your PE firm
Pre-MBA PE associates - How are you thinking about MBA?
Advice for New Analysts Seeking PE Exits

Exit Opportunites Out of VC?
VC Analyst -> ?

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PE in Austin, TX

October 6, 2020, 11:33 am

≫ Next: Irving Place

≪ Previous: WSO Hall of Fame: Private Equity Forum

PE in Austin, TX

Forums

Private Equity Forum

BitzGeraldOctober 6, 2020 - 2:33pm

Who are the best funds in Austin? Would appreciate thoughts on Peak Rock, Tritium, Blue Sage, Centergate, and Presidio, as well as any other firms in the city.

IB
Prospect in IB-M&A
Anonymous

Oct 6, 2020 - 3:02pm

Array

Region

United States - South

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Irving Place

October 6, 2020, 11:48 am

≫ Next: Software Engineer to Growth Equity

≪ Previous: PE in Austin, TX

Irving Place

Forums

Private Equity Forum

Je-ne-sais-pasOctober 6, 2020 - 2:48pm

Anybody have any update or guidance on Irving Place Capital? Seems like a fairly sizeable fund that focuses on consumer / industrial. Curious about culture, comp and what headhunter they go through if anybody has any insights here

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Software Engineer to Growth Equity

October 6, 2020, 4:23 pm

≫ Next: SAT/ACT on resume for PE/IB

≪ Previous: Irving Place

Software Engineer to Growth Equity

Forums

Private Equity Forum

aristotleOctober 6, 2020 - 7:23pm

I'm a current Software Engineer at FB/Google with four years of experience hoping to move to growth equity. I want to move primarily because I feel like I've topped out on what an engineer can make, and I would like to take more ownership on the company-building side of the table without taking on the risk of being a startup operator. I'd also like to increase my compensation ceiling. I also generally like writing arguments and presenting ideas more than writing code, or writing about the technical details for the design of some new service.

I'm not sure how to make this transition happen. Without revealing too much, I went to a top 5 CS school where I majored in CS/Math and had above a 3.5. I'm taking the GRE now with an idea of applying to HSW just to see how it goes. Does going to an MBA make the most sense given the financial burden, or does even applying to an investment banking analyst program make more sense? Would the compensation be significantly better (including carry) than working at FAANG and trying for L6/E6?

Oct 6, 2020 - 10:26pm

What is the compensation level at L6/E6 at FAANG? After MBA, you will most likely be a post-MBA senior associate which typically gets you close to $300K - $350K of base + cash bonus excluding carry typically on average.

Financial Modeling Courses

economist
O
Rank:Chimp
12

Oct 7, 2020 - 12:28am

I'm making about 400k now. Getting to L6/E6 takes 2-3 years from here. The bumps are usually not dramatic since in tech, you should be building up to the next promotion gradually over years of working. You'll get to something like 500-600k at G/F.

Private Equity Interview Questions

Oct 7, 2020 - 10:40am

I think you are better off staying where you are. You will have a lower comp coming out of a MBA program than where you are today $400K, which is competitive with mid-level finance professional in IBD / Buyside. The lifestyle would also be much worse in finance than at FAANG, typically running 80 - 90 hours with work on the weekends. Career risk is also much higher in finance. Frequent layoffs in IBD and fund closures on the buyside.

Investment Banking Interview Questions and Answers

economist
O
Rank:Chimp
12

Oct 7, 2020 - 3:12pm

My understanding is that growth equity would have higher upside in the long term and more reasonable hours than banking. Personally, I'm someone who likes having more work to do because I'm not one to have too many hobbies and only have a few friends.

Hedge Fund Interview Questions

Oct 6, 2020 - 11:24pm

What’s long term goal? Run a start-up/manager role at a tech company?

I think lots of growth equity people see that as the long-term role. The GE investing space is really crowded these days, so it’s much harder to do well there.

Array

economist
O
Rank:Chimp
12

Oct 7, 2020 - 12:34am

I do want to have a broader view within a technology organization than "the guy who writes code" or even the CTO, since I find the strategic aspects of running a tech company far more interesting. Product Management can be a good transition, but it's constrained to a single product in a single company/vertical and doesn't give you a broad view of many different aspects of the tech landscape. VC just seems like shooting ideas with money/funding science projects/etc. I want to feel like I can get consistent wins in my job.

I think the long term would be joining the C-suite at a mid-stage tech company or get to partner at the investment firm I'm at.

Toughest PE Interview Questions

Oct 7, 2020 - 3:25pm

Best Modeling Courses - Finance Training

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SAT/ACT on resume for PE/IB

October 6, 2020, 5:51 pm

≫ Next: IB to PE modeling experience

≪ Previous: Software Engineer to Growth Equity

SAT/ACT on resume for PE/IB

Forums

Private Equity Forum

SciCapOctober 6, 2020 - 8:51pm

Title. Have a 1480/1600(780m, 700 e) and was wondering if it is worth putting on resume or not? I know it's a good score relative to all students but not sure if it's worth keeping on if I'm only going to be mostly competing with kids 1500+....

IB
Intern in IB-M&A
Anonymous

Oct 7, 2020 - 8:22am

Private Equity LBO Modeling Tests

Most Helpful

PE
Analyst 1 in PE - Other
Anonymous

Oct 7, 2020 - 9:56am

Hedge Fund Pitch for Interviews

IB
Intern in IB-M&A
Anonymous

Oct 7, 2020 - 11:02am

Hedge Fund Interviews

↧

IB to PE modeling experience

October 6, 2020, 8:07 pm

≫ Next: How to break into Growth Equity out of undergrad?

≪ Previous: SAT/ACT on resume for PE/IB

IB to PE modeling experience

Forums

Private Equity Forum

dhenrytennOctober 6, 2020 - 11:07pm

I am a second-year analyst at a top BB (GS / MS / JPM / BAML) and want to eventually exit to PE (name brand MM / UMM) but don't feel that I am getting the modeling / technical experience that I hoped for. I have been on multiple live deals and know the transactions well, but have had limited modeling experience on those deals compared to what I was expecting.

I am able to do the modeling tests that PE firms use during the interview process but worry that longer-term my performance could be impacted. Do others feel this way? Any suggestions? Is this the experience I should be expecting?

IB
Analyst 1 in IB - Gen
Anonymous

Oct 6, 2020 - 11:15pm

When you say you are not getting exposed to it enough, what level are we talking?

Investment Bank Interview - Toughest Questions

IB
Prospect in IB - Ind
Anonymous

Oct 7, 2020 - 12:08am

A good example is the most recent process I worked on M&A ran with the model. The rest of the work was done by my team (coverage) (i.e. CIM, dataroom, management presentation etc.)

Best Modeling Courses - Finance Training

Oct 6, 2020 - 11:21pm

Array

IB
Analyst 2 in IB - Ind
Anonymous

Oct 7, 2020 - 1:43am

Private Equity Interviews

PE
Associate 1 in PE - LBOs
Anonymous

Oct 7, 2020 - 9:33am

Investment Banking Interview Brainteasers

Oct 7, 2020 - 11:19am

WSO Discount - Financial Modeling Courses

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How to break into Growth Equity out of undergrad?

October 6, 2020, 9:22 pm

≫ Next: Transaction close in LBO model

≪ Previous: IB to PE modeling experience

How to break into Growth Equity out of undergrad?

Forums

Private Equity Forum

drizzykangarooOctober 7, 2020 - 12:22am

I'm very interested in joining a top growth equity firm full time upon graduation (Insight, Summit, TA, GA, Vista, etc...). I struck out at the top firms SA positions (junior) but still hoping to go through ft recruiting. What is the best route to take for my junior summer to give myself the best chance at being qualified/getting interviews at top firms-> growth equity at smaller firm/IB/or private equity or even joining an established startup? Going through the early stages of the interview process for each but would like to know which one would give me the best shot.

I spent my sophomore summer at early stage vc so would like to get a position where I could do something more finance heavy.

Any advice would be great!

IB
Intern in IB - Gen
Anonymous

Oct 7, 2020 - 1:09am

following!

Hedge Fund Interview Questions

IB
Intern in IB - Gen
Anonymous

Oct 7, 2020 - 1:10am

what kinds of roles at established startups are you thinking? and it seems like most IB/PE are done for summer hiring

Private Equity LBO Modeling Tests

PE
Intern in PE - Growth
Anonymous

Oct 7, 2020 - 3:41am

Private Equity Case Interview Samples

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Transaction close in LBO model

October 7, 2020, 4:10 am

≫ Next: Working capital

≪ Previous: How to break into Growth Equity out of undergrad?

Transaction close in LBO model

Forums

Private Equity Forum

monkey123456789October 7, 2020 - 7:10am

Hey,

If during a LBO case study interview I have 2 hours to build a full 3-statement model (no presentation, only constructing the model) with different scenarios etc - should I try to build in a "date selection"-option for when the transaction closes and integrate stub periods in this model even if the case study does not specify when the transaction closes? This takes a bit more time to integrate into the model so don't want to do any unnecessary things. It's just that it feels sort of unreasonable to assume that the transaction closes 2019-12-31 when it is October 2020 now (although this is not what the interviewer likely wants to test, they want to see that you can construct a model..)

Bass12
PE
Rank:Baboon
121

Oct 7, 2020 - 10:29am

Financial Modeling Courses

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Working capital

October 7, 2020, 11:37 am

≫ Next: Private Debt vs Private Equity

≪ Previous: Transaction close in LBO model

Working capital

Forums

Private Equity Forum

MonkeyFr1October 7, 2020 - 2:37pm

Hi monkeys,
I was asked this question and don’t have the answer:
- As a Private Equity investor, would you prefer to invest in a company with a positive or negative working capital and why ?
- Same question if you are on the debt side
Grateful if some monkey can explain.
Thank you !

HF
Intern in HF - EquityHedge
Anonymous

Oct 7, 2020 - 2:56pm

Ignore my title, I made the account a few years back when I was an undergrad. You would want to clarify what is the steady-state picture of their normalized working capital needs. All things equal, you would want to have normalized negative working capital as it would indicate the company is self-funding and therefore is more likely to be efficient from a cash flow perspective.

WSO Discount - Financial Modeling Courses

LMMPE
PE
Rank:Chimp
15

Oct 7, 2020 - 2:56pm

Investment Banking Interview Case Samples

Region

Global / All Content

↧

Private Debt vs Private Equity

October 7, 2020, 11:49 am

≪ Previous: Working capital

Private Debt vs Private Equity

Forums

Private Equity Forum

MonkeyFr1October 7, 2020 - 2:49pm

Hi monkeys,
What would you say are the pros and cons of each private equity and private debt and how would you compare them with each other?
Just looking for more opinions besides the upside vs downside focus.
Thanks !

Region

Global / All Content

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