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Private Equity Interview Course
Course Overview
Table of Contents
Introduction
Why I Created this Course
Welcome to the PE Prep Course (3:14)
What This Course Will Teach You
How to Use This Course
Industry Overview
Industry Structure
Here’s An Easy Way to Think of Carry (1:59)
Industry History
Know This 1 Fact About PE History / For Your PE Interviews (1:31)
Fundraising & Deal Volume
PE Deal Types
PE Deal Types: The 2 You Need to Know Best (1:58)
PE Firm Types
PE Firm Types–3 Key Takeaways for Recruiting (3:00)
PE Fund Economics
Titles & Roles
Compensation
“Show Me the Money!” / How to Find Relevant PE Compensation Data (2:11)
Quiz #1
Industry Operations
Deal Process
The One Dirty Little Secret on Sourcing (2:52)
3 Actual Examples of a Teaser, NDA, and CIM (6:05)
The Sacred Investment Committee Memo (4:38)
Staple Financing 101: What is it and Why do Banks Offer it? (1:51)
3 Material Adverse Changes (MACs) to Watch Out For (2:10)
Deal Selection
The 7 Traits of The Perfect Deal and… One That Is More Important than All of Them Combined (4:43)
Deal Funnel
Deal Lifecycle
Common Due Diligence Topics
Common Due Diligence–Why Does it Matter? (3:06)
How PE Makes Money
What is the True Driver of Returns? Financial Engineering vs Operational Improvement (1:44)
Sources of Value Creation in Private Equity (39:37)
Quiz #2
Recruiting Overview
Common PE Career Paths
5 Examples of Where People Go After PE (3:22)
How to Build a PE Background
Big Fish in Small Pond or Swim with the Sharks? (2:28)
What Firms and Groups Give You the Best Shot at PE? (2:17)
Private Equity Success Story from a Non-target Engineering Major (65:35)
PE Business Development Roles - Another Way to Break In (47:12)
Recruiting Cycle
PE Recruiting Timing: Game Theory In Action (1:42)
How to Work with Recruiters
3 Crucial Tips When Dealing with PE Recruiters/Headhunters (2:37)
How to Choose an Offer
3 Ways to Find the Dirt and Get a Good Grasp of Private Equity Firms (2:43)
PE Recruiting Process in Detail (54:47)
How to Write Your Resume
Resume Prep for Private Equity Interviews (55:15)
5 Common Mistakes on PE Resumes that Can Hurt You (4:44)
Quiz #3
Interview Preparation
Interview Process
Key Technical Concepts
Why LBOs Use Leverage and 3 Other Ways to Boost Returns (2:04)
Why You Should Care About Changes in Net Working Capital (2:30)
4 Capital Structure Tiers to Know Well (4:47)
How Would You Calculate a Firms WACC and How Would You Use it? (7:20)
“Walk Me Through a DCF” (4:21)
Here is How You Do IRR Quickly in Your Head (1:11)
Top 30 Technical Questions
Sample Deal Walk Through, One Good, One Bad (6:42)
How to Speak About Your Investment Banking Deals In a Private Equity Interview (63:07)
How to Prep for a PE Megafund Interview (39:14)
What if you can’t value a company using DCF or multiples? (2:58)
Why You Should Care About Changes in Net Working Capital (Repeat) (2:30)
PE Investment Case Presentation and How The Deal Process Works (49:20)
DCF vs. Trading Multiples vs. Transaction Multiples… Which provides the Highest Valuations? (3:08)
The 7 Traits of The Perfect Deal and… One That Is More Important Than All of Them Combined (Repeat) (4:43)
Top Fit 15 Questions
PE Firms Get Jealous Too: Here is Proof (2:18)
Transition from Investment Banking to Private Equity (68:48)
Top 10 Brainteasers
Follow These 5 Steps if You Get Stuck on a Brainteaser (1:46)
Quiz #4
LBO Modeling
Introduction to LBO Modeling Tests
Paper LBO Example 1
Watch The Paper LBO Get Built with Play by Play Example 1 (27:21)
Assignment #1
Basic (1-Hour) LBO Example 1
Watch The Basic LBO Get Built with Play by Play Example 1 (88:54)
Assignment #2
Full (3-Hour) LBO Example 1
Watch The Full LBO Get Built with Play by Play Example 1 (Warning these videos are ~4 Hours Each)
Private Equity Cases
Private Equity Case - Paysmart (49:32)
Private Equity Case - Oilfield Services (23:39)
Private Equity Case - Transnational M&A (54:59)
Private Equity Case - Creating Value Through Operational Change - Apparel Industry (59:58)
Conclusion
Appendix A
Sample CVs of Successful PE Candidates
Common PE Terms Glossary
Appendix Part B: LBO Modeling
Paper LBO Example 2 (26:04)
Paper LBO Example 3 (27:17)
Basic LBO Example 2 (79:33)
Basic LBO Example 3 (90:00)
Full LBO Example 2 (162:55)
Full LBO Example 3 (267:33)
Transition from Investment Banking to Private Equity
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