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Growth Equity vs. Venture Capital vs. Private Equity This section will focus on Strategy #1 (Late-Stage VC Investing) because Strategy #2 is nearly the same as what most middle-market private equity firms do, but with higher-growth companies. Also, you can get in more easily from a middle-market or boutique bank.
30 – 40 coffee chats or informational interviews ). A good target might be to complete 20-30 coffee chats or informational interviews by the time your second year starts. You will retain far more information if you practice with companies you’re interested in than if you passively consume content.
Among the other banks, HSBC usually makes a strong showing, most middle-market banks are barely present, and the other elite boutiques (Evercore, Lazard, etc.) Some of these firms offer internships or off-cycle roles , but there’s not much information about most of them. are much less active. standards (i.e.,
Whether you're contemplating a full exit, raising growth capital, or simply planning ahead, understanding your companys valuation is foundational to making informed strategic decisions. Valuation multiples vary widely depending on company size, growth rate, profitability, and market segment.
Some other large funds might also qualify; unfortunately, there’s little information available on most of them. So, expect something in-line with pay at middle-market firms , such as $200 – $250K rather than $300K+ total. Sovereign Wealth Funds: Salaries, Bonuses, and… Carried Interest (???)
Investment Banking: Skill Sets The main difference here is that ECM and DCM are far less modeling-intensive, so you’ll spend more time in PowerPoint drafting market update slides and sharing information with different groups. Should You Accept a Capital Markets Internship or Job Offer? Jefferies, Lincoln, etc.),
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).
DCF: Deducts the full Interest Expense and deducts only Maintenance CapEx. They also serve different purposes; CFADS is used for debt sizing and sculpting , while FFO and DCF are more useful for determining Dividends in the period. Also in this middle-market tier , Solomon Partners appears to be quite active in the space.
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