Mergers and Inquisitions

JULY 19, 2023

When you hear the term “long-only hedge funds,” your first thought might be: “How can a hedge fund hold only long positions? Doesn’t that contradict the term ‘hedge fund’? Why would investors pay high fees for what is effectively a mutual fund?” These are all good questions.

Funds 52

Funds Asset Management Management Equities 52

Mergers and Inquisitions

JUNE 21, 2023

You’ll also see a fair number of deals in the financial sponsors group due to the many sovereign wealth funds in the region. Like the issues with sovereign wealth funds there, you’ll face a much tougher path if you’re not from the right country or you don’t have the right connections. 1,000 | Dubai: ~150 Hedge Funds: S.:

Investment Banking 105

Investment Banking Bank Banking Investment 105

Mergers and Inquisitions

JANUARY 22, 2025

Interviews Investment banking interviews test broader topics, but equity research interviews tend to go more in-depth into narrower subjects. Investment Banking: Exit Opportunities Investment banking exit opportunities are much broader than the ones offered by equity research, but equity research beats it in a few areas.

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Investment Banking Equities Bank Banking 64

Mergers and Inquisitions

MAY 29, 2024

In other words, if you lend $500 million to fund a new offshore wind development, what are your chances of losing money? Because most of these assets are private , finding substantial information for deal discussions can be very difficult. What if there’s a budget overrun or construction delay?

Corporate Finance 59

Corporate Finance Financial Models Financial Modeling Finance 59

Francine Way

JULY 17, 2017

This current post about Leveraged Buy Out (LBO) is about a valuation method used by a very specific type of financial acquirer: private equity (PE) firms. Because this step is similar in this method as it is in the other valuation methods (DCF, Comparable Company, etc.),

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Valuation M&A Debt Book-building 130

Mergers and Inquisitions

OCTOBER 18, 2023

Note that while Leveraged Finance is technically in “capital markets,” it is closer to groups like M&A because most of the work relates to funding for acquisitions and leveraged buyouts. Again, LevFin is the exception and provides realistic exits into private equity, direct lending , mezzanine , etc.).

Investment Banking 59

Investment Banking Capital Market Recruitment Capital 59

Mergers and Inquisitions

JANUARY 10, 2024

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. As you advance, your exit opportunities narrow because PE firms and hedge funds don’t want to pay for expensive VPs or Directors with no direct investing experience.

Investment Banking 59

Investment Banking Management Bank Banking 59

Mergers and Inquisitions

SEPTEMBER 20, 2023

Q: Why not private equity, growth equity, hedge funds, or entrepreneurship? A: You’re most interested in tech or life science startups, and PE funds and hedge funds do not work with these companies in the same way, as they don’t directly fund their development activities.

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Capital Valuation Investment Portfolio 59

Mergers and Inquisitions

DECEMBER 20, 2023

You probably won’t be able to get a “real” IB internship, but you can find some good alternatives: Search fund internships. Internships at local venture capital or private equity firms. And yes, some banks will still start later, but you want to keep your options open so you can apply to as many firms as possible.

Investment Banking 105

Investment Banking Bank Banking Investment 105

Mergers and Inquisitions

APRIL 19, 2023

Valuation , such as the different multiples used for mining companies and the NAV model in place of the DCF (see below). To value it, we build a standard DCF based on production volumes, CapEx to drive capacity, and assumed steel prices: The valuation multiples are also standard (TEV / Revenue, TEV / EBITDA, and P / E).

Investment Banking 52

Investment Banking Bank Banking Investment 52

Mergers and Inquisitions

NOVEMBER 20, 2024

This site has already covered investment banking interview questions , private equity interview questions , and venture capital interview questions , so the next topic on the list seemed to be growth equity interview questions. Q: Why not go into private equity, venture capital, or startups?

Private Equity 59

Private Equity Equities Capital Valuation 59

Mergers and Inquisitions

MARCH 5, 2025

If you had to pick a single industry that could be interesting to every hedge fund investing in individual companies, it might be biotech. Of course, biotech is not an official hedge fund strategy. Example Biotech Trades What Makes Biotech Hedge Funds Different? also find their way into the industry. And What Do They Do?

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Funds Healthcare Mergers and Acquisitions Valuation 64