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With the craze over renewable energy and infrastructure over the past few years, we’ve received more and more questions about Project Finance vs. Corporate Finance. Corporate finance” is a broad term that could refer to anything from managing a company’s internal budget (e.g.,
Many of these firms use debt to fund deals, and they complete bolt-on acquisitions for portfolio companies. Similarly, SoftBank has played a big role in growth equity (for better or worse…) but it’s the investing arm of a corporation, not a standalone PE/VC firm. Why Did Growth Equity Get So Popular?
The Nature of the Work: Markets, Analysis, Sales, and Interpersonal Skills Wealth management (WM) requires broader knowledge of the financial markets since you may have to advise clients on everything from their portfolio allocations to upcoming tax changes. Think: benchmarking portfolios rather than modeling companies.
Firm-Specific and Process Questions – What do you think about our portfolio? So, you could mention a related job, such as strategy, finance, or business development at a portfolio company, and say that you want to return to VC at a higher level eventually. Market and Investment Questions – Which startup would you invest in?
They do not invest in risky biotech startups attempting to cure cancer (at least not within their traditional PE portfolios). Interview Guide : There’s a DCF case study based on Attendo AB, a healthcare facility company in Sweden. in biology. If you have an M.D.
The firm uses passive and active strategies, often deviating from its reference portfolio based on the macro environment. You’ll also spend time supporting existing portfolio companies and reviewing their results. and supporting your Portfolio Manager ’s ideas and requests.
Also, many long-biased funds tend to have more concentrated portfolios since they often aim to become one of the top shareholders in each company. Think: a deep review of companies’ financial statements, 3-statement models , and DCF-based valuations.
Its “portfolio” consists of that single company, assuming it finds and acquires one. For example, you could take one of the companies you found in the screening process and build a simple 3-statement model and DCF model for it.
Diversified Miners – These companies have a wide global portfolio of mines, and they extract, produce, and distribute just about every metal in the two categories above. Valuation , such as the different multiples used for mining companies and the NAV model in place of the DCF (see below). Freeport-McMoRan (U.S.),
2) Portfolio Concentration The average biotech hedge fund has a concentrated portfolio because it takes significant time and resources to monitor each position. Two examples include Vestal Point (led by a former Point72 Portfolio Manager ) and Cutter Capital (former Citadel investors).
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