Thank you so much for the kind words! Beyond delighted the article helped and got everything crossed for you for the ACCan I just say a special thanks to @Dheepa for giving very comprehensive interview advice when I did not know where to start and @Jacob Miller for his excellent article on interviews, I feel like I was able to use the advice in my interview prep (particularly focusing on breaking down the A within STAR to show my thought process and go into detail and the useful advice of using bullet points to prep my answer rather than having a script!!!) I feel much more prepared for my interview now!
So by using leverage a PE firm can spread the equity they have into multiple investments. For example, instead of investing in one company for 100m and realising 300m in profit, the firm can use 25m of equity plus 75m of debt and spread their 100m and invest in 4 companies. This means that their profit will be higher (hypothetically let's say 4x higher at 1200m). The only thing they have detracting from their profit is interest on any debt, which will be lower than the extra profit they can make.
you have 10 million of your own money .. then you borrow 60 million to buy a 70 million pound loaf of gold bread.. all of a sudden you find a way to combine said gold bread with silver which turns your bread into gold & silver bread which ends up being worth 140 million pounds in 5 years.. you sell it .. pay back your 70 million.. you keep your 10 million plus a nice 10 million..that’s a crude way of the profit ( the tiny difference w pe is you usually pay the borrowed money over the course of the lifetime of the investment as opposed to one lump sum.. this way the business pays and you offload it at its new shiny price)
Thank you so much, I’ll take a look at the articles and keep your comments in mind
Thank you, you've managed to clear this up better than any article I've found online, so much appreciated.
No problem at all, glad I could help and best of luck with any upcoming interviews/ ACs!¬
Thats really positive! I'm sure you will be fine.
No not at all, I've used plenty of examples for experiences not listed on my application or even my CV - I keep my CV strictly to 2 pages so have to be selective with what I feature on it; some apps limit you to 6/8 work exp inputs so I just choose the most relevant stuff to put on the app
They did, but they were worded a bit differently. Because I'm a non law student, the exact wording was "so youre doing History - what on earth are you doing applying for a commercial law firm then?" and "what do you know about Slaughter and May." He pushed me on both of my responses to these questions to try and probe further.
I see - I am sure you answered both well.
Thanks
))
Obviously can't give a cast-iron guarantee but it's highly unlikely to be the sole factor for an immediate PFO. People make far bigger mistakes than a wee grammar error and still receive offers!
Well best of luck with itThanks
They told me id find out by mid Feb probably and end of Feb at absolute latest. I don’t know if I'll hear by phone but I'm almost certain that TC direct do.
- not too long to wait.
