Mergers and Inquisitions

APRIL 5, 2023

Sovereign wealth funds have much longer time horizons and more “permanent capital” than traditional PE firms, hedge funds, and funds of funds, and these points create differences in timing, strategy, and willingness to pay. Most SWFs do not recruit undergraduates, with some exceptions, such as GIC and Temasek (if you fit their profile).

Recruitment 59

Recruitment Funds Private Equity Investment 59

Mergers and Inquisitions

DECEMBER 6, 2023

The multi-manager hedge fund model is simple: Raise $10-20 billion, borrow at the fund level to take this to $50-$100 billion, and then allocate this capital to dozens of internal teams. These funds are usually multi-strategy as well. These funds are usually multi-strategy as well. What Do You Do as a Multi-Manager Hedge Fund Analyst?

Funds 104

Funds Management Recruitment Portfolio 104

Mergers and Inquisitions

AUGUST 16, 2023

Recruiting and whether you can break in without “donating” your kidney to Xi Jinping. RMB vs. USD: Does the firm raise capital in China’s currency (the RMB), or does it raise USD from Limited Partners overseas? You might think the pairing is always Domestic/RMB and International/USD, but that’s not true.

Private Equity 94

Private Equity Equities Recruitment Funds 94

Wizenius

JUNE 5, 2023

To stand out from the crowd and catch the attention of recruiters, it is essential to include relevant keywords that demonstrate your expertise and align with the expectations of the industry. Financial Modelling: Proficiency in financial modelling is highly valued in the investment banking industry.

Investment Banking 52

Investment Banking Bank Banking Investment 52

Mergers and Inquisitions

NOVEMBER 15, 2023

Financial Modeling or Python / Data Science / AI: Starting in 2024, you must complete a “Practical Skill Module” on one of these topics for Levels I and II of the exam. The timing – The CFA is not very helpful in your last year of university due to the IB recruiting timeline.

CFA 59

CFA Investment Banking Bank Banking 59

Mergers and Inquisitions

NOVEMBER 1, 2023

Healthcare Private Equity Definition : A healthcare private equity firm raises capital from outside investors (Limited Partners), acquires companies in the healthcare services, devices, and healthcare IT segments, and aims to grow these firms and sell their stakes within 3 – 7 years to realize a return on their investments.

Private Equity 59

Private Equity Healthcare Equities Middle Market 59

Mergers and Inquisitions

AUGUST 7, 2024

If you’ve read this site for a long time, you probably know that we focus on creating financial modeling courses and guides. But even with this, you need to start earlier because fewer banks will be open to hiring you, and the banks that are open to hiring you tend to finish recruiting earlier.

Investment Banking 82

Investment Banking Bank Banking Investment 82

Mergers and Inquisitions

JANUARY 31, 2024

This setup creates many differences with multi-manager (MM) hedge funds , from investment styles to recruiting and careers. In-depth analysis that might take days or weeks, such as a financial model with 1,000 rows in Excel to assess a biopharma company’s valuation.

Funds 59

Funds Management S&P Recruitment 59

Mergers and Inquisitions

FEBRUARY 28, 2024

But a few other reasons also explain why fixed income often gets overlooked: the unstructured recruiting process, fewer job openings, and the “cushiness” of senior-level roles. An Example Fixed Income Research Report Recruiting: Who Gets into Fixed Income Research? power & utilities , FIG , or industrials ).

Equities 59

Equities Asset Management Debt Funds 59

Mergers and Inquisitions

MAY 24, 2023

I’ll do a deep dive into the entire space in this article, including the top funds, example trades, recruiting, exit opportunities, and more. If you want more, there are several Sum of the Parts lessons in the valuation sections of our Financial Modeling Mastery course. Recruiting: Who Wins Offers at Event-Driven Hedge Funds?

Funds 64

Funds Investors Mergers and Acquisitions Mergers 64

Mergers and Inquisitions

JULY 19, 2023

If you compare long-only hedge funds to traditional long/short equity funds, the main differences are: Recruiting/Numbers – There are far more long/short equity funds than long-only or long-biased funds, so you’ll have an easier time finding jobs. Turnover is also high, especially at the large multi-managers.

Funds 52

Funds Asset Management Management Equities 52

Mergers and Inquisitions

JANUARY 10, 2024

Think: benchmarking portfolios rather than modeling companies. You will very rarely get exposed to the type of financial modeling that bankers complete: 3-statement models , DCF models , M&A models , LBO models , and so on. and your odds are not spectacular.

Investment Banking 59

Investment Banking Management Bank Banking 59

Mergers and Inquisitions

JULY 26, 2023

Like a PE firm, a search fund raises capital from outside investors and aims to multiply that capital by investing it – but like a SPAC, it makes only one acquisition. Because search funds raise little capital to acquire these small businesses, most search fund internships are unpaid.

Private Equity 52

Private Equity Investment Banking Funds Equities 52

Mergers and Inquisitions

SEPTEMBER 11, 2024

Renewable Energy Accounting, Valuation, and Financial Modeling For the most part, very little is “new” here. In the middle market , Jefferies has recruited some of the top bankers in renewable energy M&A and is expected to do well going forward. but they are less consistent than those above. are also active in renewables.

Investment Banking 59

Investment Banking Bank Banking Investment 59

Wall Street Mojo

JANUARY 16, 2024

Identifying and capitalizing on low-hanging fruit is a strategic approach to garnering early success and momentum in a business setting. To fulfil the first goal, the organization has to recruit new team members and purchase additional equipment, which would require some capital. Hence, the second one is the low-hanging fruit.

Financial Models 52

Financial Models Financial Modeling Business Valuation 52

Mergers and Inquisitions

APRIL 19, 2023

For example, Capital IQ splits up the sector by metal type (aluminum, diversified, copper, gold, precious metals, silver, and steel). Recruitment: Tunneling Your Way into Metals & Mining Investment Banking Metals & mining is highly specialized , so you have an advantage if you have a background in geology, geophysics, or mining.

Investment Banking 52

Investment Banking Bank Banking Investment 52

Mergers and Inquisitions

OCTOBER 11, 2023

In the second category, you make investment decisions and profit based on your capital and deal performance. Junior-level roles consist of real estate financial modeling , reports and memos, due diligence, and meetings. It’s like the buy-side vs. sell-side distinction in finance, but specifically for real estate.

Private Equity 101

Private Equity Investment Banking Debt Funds 101