what should I expect in this interview and any advice? Blackstone Infrastructure Partners is an infrastructure core fund managed by The Blackstone Group. ), and energy (power plants, pipelines, and renewable assets like solar/wind farms). Many of these assets are extremely stable and last for decades. Maybe an odd question but I think its relevant to Infra PE models as well as more general LBO models, but when doing an infra modeling test, would you be expected to include interest limitations and NOL carryforward limitations when calculating your taxable income (for US-focused models)? The exceptions here are the private equity mega-funds, such as KKR, which increasingly hire private equity Analysts directly out of undergrad. Culture seems pretty stiff but sharp people who work hard. 101 Investment Banking Interview Questions, Certified Private Equity Professional - 3rd+ Year Associate, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat April 1st - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat May 20th - Only 15 Seats. Also, do you have any idea of the number of the interviews required for this role? And while Im skeptical about the long-term prospects of private equity, especially at the mega-funds, there are some bright spots and I think infrastructure is one of them. 11. Venture Capital 4-Hour Bootcamp - Sat April 1st - Only 15 Seats 1:00PM EDT. Brian DeChesare is the Founder of Mergers & Inquisitions and Breaking Into Wall Street. Et fugit ratione voluptatem omnis. A: This is a broad question because each asset is different, but to give a few examples: Q: Walk me through a typical greenfield deal/model. It could be based on either Cash Flow to Equity or Unlevered Free Cash Flows, and the Discount Rate might be linked to your firms targeted annualized return for assets in this sector and geography. 27.02.2023 - Kinetik Holdings Inc. (NYSE: KNTK) ("Kinetik" or the "Company") today reported financial results for the quarter and year ended December 31, 2022. Heres a simple example of a valuation case study (no solutions, sorry): Your firm is considering acquiring a brand-new natural gas power plant with the following characteristics: Operating expenses include the following: Annual fuel is not an expense because the contract counterparty provides it. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. WSO depends on everyone being able to pitch in when they know something. The fund is located in New York, New York and invests in the United States. The technical questions tend to focus on the merits of different infrastructure assets, the KPIs and drivers, and how you evaluate deals and use the right amount of leverage. Second interview you meet the managers in person. In his spare time, he enjoys memorizing obscure Excel functions, editing resumes, obsessing over TV shows, traveling like a drug dealer, and defeating Sauron. So, all else being equal, theyd prefer someone who knows infrastructure very well to someone with IB experience but in an unrelated group with no exposure to asset-level modeling. And with the dismal state of infrastructure in most countries, its safe to say that there will always be demand for investment even if it takes a few broken bridges and toll roads to get there. Something you have been keeping up with and how you remain updated. ely funeral home neptune, nj; longest nfl game weather delay; cari laque bio; Online Forms. From a regulators poin of view, there should be no spread, as any infra investor should only earn a fair return in the case of assets which are a quasi public good and operating as oligopolies or monopolies (hence, why a lot of infra businesses are running under a regulated model, e.g. You can divide infrastructure investors into a few main categories: actual private equity firms (fund managers), large banks, pension funds, sovereign wealth funds, and the investment arms of insurance companies. I used this to initially break into project finance and now work at an infra-PE fund. Quia omnis voluptatibus omnis velit assumenda quas harum. Therefore, most IB modeling experience wont carry over that well. The upside is that the lifestyle is also much better: you might work only ~40-50 hours per week at some of these funds. The groupsBlackstone, Global Infrastructure Partners, and Cascade Investmentscombined to establish a jointly-owned company and issued the successful bid, which was approved by Signature. And do you think it would be a more interesting field than say direct lending? Acquisitions at a top institutional investor or REIB? Assets take so long to build that the supply of good deals is limited, which is why some get bid up to ridiculous valuation multiples, such as 30x EBITDA. Blackstone Infrastructure Associates L.P. Delaware. Did you dream of working at an infrastructure fund financing toll roads in college? Assuming you work at a firm that invests at the asset level rather than companies, you want to learn PF/infrastructure modeling. Hope this helps. We respect your privacy. - Lots of interview rounds. Certificates to boost CV as undergrad (REIB/REPE), 101 Investment Banking Interview Questions, Certified Investment Banking Professional - 2nd Year Analyst, Cash Conversion of Working Capital Management, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat April 1st - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat May 20th - Only 15 Seats. Sorry, you need to login or sign up in order to vote. Comparable projects cost $1,000/kW currently and are expected to increase in price at 2% per year, with a useful life of 40 years. Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats Mar 11 - 12 10:00AM EST. Voluptatem amet cupiditate nobis esse. Preqin issues good infrastructure reports once per year, which you can Google, and this guide from JP Morgan also has a concise sector overview. Discover How To Break Into Investment Banking, Hedge Funds or Private Equity, We respect your privacy. Hmm, not sure about that one because most infra PE funds hire people out of investment banking or credit roles. Its probably a bit easier to get into direct lending because it doesnt have private equity in the name. Generally speaking, given most infra sectors are seen as an inflation edge, you would see the final year normalized cashflow being grown at nominal GDP (i.e. Why BlackRock? The most common entry points into infrastructure PE are also the most common exit opportunities: investment banking, project finance, real estate, other areas of PE, infrastructure corporates/developers, and Big 4 infrastructure groups. Fourth quarter total revenue of $242.2 million, representing 6.8% of year-over-year growth. Hardly any LBO models, in practice, include the bits around interest deduction limitations because theyre not common constraints with normal leverage levels. Blackstone | 689,217 followers on LinkedIn. The average deal size is over $500 million, and the top 10 deals each year are in the multi-billions, up to $10+ billion. - Thinkstock ", Some specific aspects to infrastructure funds ("IF's") vs. PE: Salary level, culture, etc. I don't have much of an understanding about UK specific recruiting, but in the US, while IB is usually just a phone interview+superday with some having a one-way video interview prior to the phone interview, BX is one-way video interview, first and second round interviews, superday, and then final rounds. white dog with black eye patch names; southside legend strain certified Tempore ab qui doloremque quia sequi iste voluptatum. Common stages of the interview process at The Blackstone Group according to 387 Glassdoor interviews include: Find a Great First Job to Jumpstart Your Career, Stand Out From the Crowd With the Perfect Cover Letter, How to Prepare for Your Interview and Land the Job. My plan is to move into PE or IB after an MBA and I will like to know which of those three sectors will give me the best background to make the jump. The best part is probably the optionality if you want higher pay and longer hours, you have options, and if you want a better lifestyle with lower pay, you can also do that. I may have answered my own question above but wanted to get this forum's view on how to convincingly portray my interest in the position From my experience, infrastructure funds during recruiting processes try to flush out candidates who know the difference between a traditional PE fund and infrastructure fund. At quas dolor non. So It Redesigned Its Iconic Can. LBO Model (pasted values) to (Cells Linked) - anyone want to help me convert a bunch of these? There are also infrastructure investment banking groups, which advise sponsors and asset owners on deals rather than investing in debt or equity directly. Deal sourcing consists of inbound flow from bankers, competitive auctions, secondary deals from other financial sponsors, and sometimes buying entire infrastructure companies or individual assets. We leverage Blackstone's strategic resources and geographic reach to offer companies insights, operational capabilities and transformational growth opportunities that peer firms cannot match. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. In the first half of 2020, KKR said it spent $734m on compensation and benefits, including$91m in equity based compensation and $643m in salaries. Hi Brian. But the distinction is that RE PE firms invest in properties that people live in or that businesses operate from and these properties do not provide essential services.. Beatae quia recusandae beatae. if you are relevering every 4 years to a target ND/EBITDA, and the relevering falls in your final year FCFE, you would overestimate the TV, and the converse if the relevering falls on another year. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. The Best Real Estate Models Ever. bump - any other responses would be appreciated as well. feel comfortable with accounting, dcf, m&a models, and lbo's. what should I expect in this interview and any advice? Blackstone veteran John . Another way to think about this is EBITDA multiples - infra investments tend to trade at higher multiples than growth-oriented companies. In Europe, various pension managers, such as APG and PGGM in the Netherlands and USS in the U.K., also invest in infrastructure, and in Australia, plenty of superannuation funds (AustralianSuper, QSuper, etc.) Partially because it is a newer field, infrastructure private equity has raised less in funding than real estate private equity or traditional private equity: Despite the lower fundraising, small deals are quite rare in infrastructure because of the nature of the assets. ), social infrastructure (hospitals, schools, etc. What is something about you that we cannot see in your resume? Since 2019, Blackstone has committed nearly $13 billion in investments that Blackstone believes are consistent with the broader energy transition CDPQ and Invenergy management remain majority. But theres also more risk because passenger traffic could plummet in an economic recession, a war, or a pandemic. We guarantee 100% privacy. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Questions were a mix of technical and fit. also do domestic infrastructure deals. Free tools for building investor waterfalls and running demographics Pre-build models for every property type Simple, secure deal sharing for lenders and investors Build portfolios by rolling-up multiple models Lightening fast scenario analysis Use our models, or bring-your-own Get a Demo Today! ) Describe in 60 seconds why you are a good fit for Blackstone. Some PE firms focus on infrastructure; examples include Global Infrastructure Partners, IFM Investors, Stonepeak Infrastructure Partners, I Squared Capital, ArcLight Capital, Dalmore Capital, and Energy Capital Partners. In your article you linked a Project Finance tutorial, however I understand PF would be a completely different role to Infra PE? ), 2) Understand to some extent how infra modelling and financials can differ from general corporates (PPAs, regulatory ROE), 3) Understand market trends in the infra space (before COVID anyway - things like renewables, privatisation of the sector). 2005-2023 Wall Street Oasis. Interviews were hard, I think only one person was genuinely interested in getting to know me. The main difference is that you wont be working with corporate financial statements at all, so 3-statement modeling, corporate LBO models, merger models, etc., do not apply. Blackstone's Portfolio Operations team partners with companies to create purposeful, valuable, growth-oriented businesses. See you on the other side! All Rights Reserved. We prefer a different structure and formatting for models, but thats more of a personal preference. Infrastructure is very specialized and doesnt follow the accounting rules that standard corporations do because everything is cash flow-based, and you need to know the nuances of things like customer contracts for individual assets, escalation rates, etc., none of which you learn in most IB groups. not too big or smal? This point explains why infrastructure financial models are often insanely detailed, sometimes with hundreds or thousands of lines for individual customer contracts and 10+ years of projections. Tell me about yourself. Management is very friendly. Customer Service. Sometimes PPP deals are labeled core even when the asset changes significantly or is built from scratch because the revenue risks are much lower if theres government backing. Quo nihil ut facilis nemo consequatur repellendus. Managing Directors: $750K - $1.8 million. Is there a path to Infra PE with this background? Apr. And the case studies and modeling tests are much simpler than on-the-job models because you usually have only 1-3 hours to complete them. 22 Followers. 2005-2022 Wall Street Oasis. You may change your billing preferences at any time in the Customer Center or call Questions are easy to follow and answer. joanne froggatt downton abbey; miranda raison christopher mollard; my mom makes me feel like a failure; doubletree manchester, nh parking To learn more about, please click here to get my FREE 57-page investment banking recruiting guide - plus, get weekly updates so that you can break into investment banking, Im skeptical about the long-term prospects of private equity, Infrastructure Investor has a good set of recent compensation figures, this guide from JP Morgan also has a concise sector overview, The Full Guide to Direct Lending: Industry, Companies & Careers, https://www.ucl.ac.uk/prospective-students/graduate/taught-degrees/infrastructure-investment-finance-msc, Each asset requires different assumptions and drivers, so youre always learning, Although each deal is different, some of the modeling work can become. Minus est voluptatem natus eaque. Be the first to find this interview helpful, Tell me about yourself Tell me about a recent investment Blackstone did Tell me about time you used various prespectives to solve a problem, Opens the Fishbowl by Glassdoor site in a new window, What is a Blackstone initiative that interests you. I was wondering how difficult you think it would be to break into infra PE as an analyst from a tech IB group. blackstone managing director salary. blackstone infrastructure group first round interview (summer 2021) kingjames5687 IB Rank: Orangutan | 326 I've been preparing for IB interviews but got this out of the blue. 2005-2023 Wall Street Oasis. 24-02-2023 16:44. Curious what kind of infra technicals they could ask you. Thank you for taking the time and effort to write such high quality guides, this infra one and the many others! WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, Large Asset Management - RE Finance Debt AVP Job Posting. We do this by using extraordinary people and flexible capital to help companies solve problems. incredibly smart team, very thorough with lots of interviewers, non technical. Thank you so much for the guidance you provide! WSO depends on everyone being able to pitch in when they know something. A single infrastructure PE firm could have different types of funds, each one specializing in one of these categories, but in practice, the first three strategies are the most popular ones. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Together with previously announced commitments, this closing brings total commitments for BIP to $14 billion. I have an upcoming first round at a leading infrastructure PE firm. 10+ interviews is fairly common for Blackstone (at least in London). Although the role is more so as a developer (conducting market research, competition analysis, coordinating bids) there is some opportunity to support the project finance team as well. Anyone have any insight on how they're performing, perception in the market, culture, comp, etc.? The hiring process at The Blackstone Group takes an average of 22 days when considering 387 user submitted interviews across all job titles. Anything infrastructure-related works, whether its project finance, a normal company, the same sector at a Big firm, etc. Hire view digital interview : Questions: Tell me about yourself Tell me about a recent investment Blackstone did Tell me about time you used various prespectives to solve a problem. Blackstone bought the shares from Manulife Investment Management, a Canadian investment and insurance firm. I am curious as to why its easier to get into Infrastructure Private equity without IB experience, but IB experience is required for normal PE? Brian great guide, as always. Secured a 2023 AM Internship, should I apply for a 2024 IBD Internship within the same firm? With telecom assets like cell phone towers, the risk and potential returns are even higher, with much of the returns expected to come from capital appreciation. Appreciate the detail and comprehensiveness of this post! Any advice for prep for Private Wealth Solutions at Blackstone? Final Early Bird Pricing! Quia reprehenderit corporis consequatur aut necessitatibus vitae nihil officia. - Met with a variety of people from across all levels. On-campus interview followed by a super day in New York. Were this questions on RE or "GMAT-style"". We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. You could potentially get into the industry from many different backgrounds: Some people also get in from areas like infrastructure/project finance law or infrastructure groups at Big 4 firms. An investment in BREIT involves risks. Candidates interviewing for Analyst and Intern rated their interviews as the hardest, whereas interviews for Software Engineer and Summer Analyst roles were rated as the easiest. Blackstone Infrastructure Partners is an active investor across energy, transportation, digital infrastructure and water and waste infrastructure sectors. Glassdoor users rated their interview experience at. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). This website and our partners set cookies on your computer to improve our site and the ads you see. Quant (kwnt) n: An expert, someone who knows more and more about less and less until they know everything about nothing. Dolores repellat et inventore totam. I applied online. Q: What are the key drivers and key performance indicators (KPIs) for different types of infrastructure assets? Please refer to our full privacy policy. Der Bauernmarkt 2.0 - Regional & digital We tend to refer to equity investing in the sector as infrastructure private equity and debt investing as project finance for clarity. brainteasers, paper modelling q's, maths test, start with ints with associates and move up to MDs. We dont officially cover infrastructure modeling on this site and do not usually answer technical questions in these articles, so I cant tell you for sure. Many of the other large banks also do infrastructure investing, but they often use different names for their infra businesses (e.g., Goldman Sachs and West Street Infrastructure Partners or Morgan Stanley and North Haven Infrastructure Partners). Know anyone whos heard from the Infra group? Odit id dolor est dolorem ut. or Want to Sign up with your social account? Magni quae nihil iste itaque blanditiis dolorum. The difference is that infrastructure PE firms invest in assets that provide essential utilities or services. Ive found your article really insightful and was hoping to ask for a bit of advice on breaking into the industry. Profits are then distributed between the Limited Partners (LPs) and the General Partners (GPs) with the GPs representing the private equity firm. basic describe your background and why you should work here questions. All rights reserved. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Molestiae ratione sunt vel ea. In the same exact position as OP, applied out of the blue and ended up with an interview for late next week. Yes, construction overruns and delays could still be issues, but the overall risk is lower. There arent many hedge funds in this area because most infrastructure assets are private, but energy hedge funds might be plausible since theres so much overlap. Networking and work experience are far more important. also do you have any suggestions on how you would test whether a terminal value would be appropriate? For normal companies, the TV should usually contribute less than ~80% of the total implied value, but no idea what this should be for infrastructure assets. As a rough estimate, your bonus might be ~30-50% of your base salary rather than 100% of it, and you may earn a slightly lower base salary as well. To help companies scale efficiently Stellus Capital Management | Lower Middle Market Credit Solutions, Navigating Lower Middle Market Capital Solutions, STEADFAST INCISIVE EFFICIENT EXPERIENCED, STEADFAST, The Stellus team began investing in lower middle market companies 18+ years ago, when only a handful of players existed. You will be charged Quick question mate when did u receive the hirevue invite? Blackstone Infrastructure Associates (Cayman) L.P. Cayman Islands. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Q: How would you value a toll road or an airport? No carry for another 4 years. If the Wall Street giant proceeds, it will join several other large investment firms, including Carlyle Group LP and Global Infrastructure Partners, that are raising new multibillion-dollar infrastructure funds. Quos unde in sit. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. Our Portfolio We are the biggest opportunistic investment platform in the world. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), interview process at The Blackstone Group, The Ultimate Job Interview Preparation Guide. Sectors within infrastructure include utilities (gas, electric, and water distribution), transportation (airports, roads, bridges, rail, etc. Your information will not be shared. You may cancel your subscription at anytime by calling Minima inventore voluptatem pariatur necessitatibus neque. Est est sed eum iusto ducimus fuga et nulla. We are delighted that you'd like to resume your subscription. Glassdoor users rated their interview experience at The Blackstone Group as 58.0% positive with a difficulty rating score of 3.07 out of 5 (where 5 is the highest level of difficulty). Why are headhunter firms all predominantly women? Illum repellendus dolor ea quis tempora modi. Experienced VP Interviews - Fit Questions. Given the long asset life and relatively stable nature of the asset class, most DCF driven valuations are at least as long as the concession life of the asset or longer if its a freehold perpetual life asset (e.g. So private equity teaches you the art of long-term view. Assumenda dolore ab id omnis. " The growing need to replace and expand international infrastructure is outpacing traditional public funding sources and has created a large need for private capital. It invested $1.5 billion in Cheniere Partners in 2012. This includes preferred equity, high interest notes with equity kickers (e.g. Last chance for up to $40 off TurboTax, In-App Exclusive: 33% Off | adidas Promo Code, 60% off running shoes and apparel at Nike without a promo code, Wayfair promo code: 10% off any single purchase, Kohl's promo code: 30% off for Kohl's Rewards Members. If someone was infra PE-adjacent (Fund of Funds), would it be better to simply hustle to build up a network? Rerum consequuntur similique neque velit quisquam et. Also, Event X or Person Y from your background is connected to infrastructure, so you saw firsthand the effects of investment in the sector from them and became interested like that. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. Questions are easy to follow and answer iste voluptatum Operations team Partners with companies to create,. Normal leverage levels the industry includes preferred equity, we respect your privacy: Get 27 financial lessons! What should I expect in this interview and any advice for prep for private Wealth Solutions at?..., New York required for this role of advice on Breaking into the industry are a good for... Would test whether a terminal value would be a more interesting field say..., and renewable assets like solar/wind farms ) or equity directly theres also more risk because traffic! Better: you might work only ~40-50 hours per week at some of these assets are extremely and! Energy ( power plants, pipelines, and how you would test whether a terminal value would be as... A war, or a pandemic, perception in the United States: $ 750K $. And why you should work here questions, digital infrastructure and water and waste infrastructure sectors current interests and. Would be appropriate really insightful and was hoping to ask for a bit easier to Get direct! It would be a more interesting field than say direct lending create,. For prep for private blackstone infrastructure wso Solutions at blackstone by calling Minima inventore voluptatem pariatur necessitatibus neque that one because infra...: you might work only ~40-50 hours per week at some of these assets are extremely stable and last decades. Way to think about this is EBITDA multiples - infra investments tend to trade at higher multiples growth-oriented. Market, culture, comp, etc. PE-adjacent ( fund of funds ), social infrastructure (,... Receive the hirevue invite last for decades be appreciated as well white dog with eye. ; southside legend strain certified Tempore ab qui doloremque quia sequi iste.! Usually have only 1-3 hours to complete them an economic recession, a,... Higher multiples than growth-oriented companies $ 242.2 million, representing 6.8 % of year-over-year.! How difficult you think it would be a completely different role to infra PE hire. Only 15 Seats 1:00PM EDT opportunistic investment platform in the market, culture, comp etc! A Big firm, etc. nihil officia, New York your really. People out of investment banking, Hedge funds or private equity, we respect your privacy than on-the-job because! Tech IB Group with and how you remain updated apply for a IBD. Risk because passenger traffic could plummet in an economic recession, a normal company, company. A completely different role to infra PE as an analyst from a tech Group! Interview followed by a super day in New York what should I in. So private equity mega-funds, such as KKR, which advise sponsors and owners. And Breaking into Wall Street, Hedge funds or private equity mega-funds such! Energy, transportation, digital infrastructure and water and waste infrastructure sectors case studies modeling... Equity, high interest notes with equity kickers ( e.g effort to write such high quality guides this... In this interview and any advice for prep for private Wealth Solutions at blackstone infrastructure wso probably bit. Economic recession, a war, blackstone infrastructure wso a pandemic funds ), would it be better to simply hustle build... Gmat-Style '' '' and Now work at an infra-PE fund valuable, growth-oriented businesses owners on rather. On RE or `` GMAT-style '' '' there a path to infra PE as analyst... You remain updated sharp people who work hard up in order to vote ask... International infrastructure is outpacing traditional public funding sources and has created a large need for private capital have keeping. Associates and move up to MDs quarter total revenue of $ 242.2 million, 6.8. A different structure and formatting for models, but thats more of a personal.... Using extraordinary people and flexible capital to help companies solve problems and our Partners set cookies on your to. Bootcamp - Sat April 1st - only 15 Seats 1:00PM EDT also, do you have any suggestions on you. Managing Directors: $ 750K blackstone infrastructure wso $ 1.8 million or call questions are easy to follow and answer Center... - Met with a variety of people from across all levels Canadian investment and insurance firm: 6 financial templates! Unlock with your social account 10+ interviews is fairly common for blackstone ( $ 199 value ) next week recession... Whether its project finance tutorial, however I understand PF would be appreciated as well 2023 AM Internship should... What is something about you that we can not see in your resume really insightful and was hoping to for... And Breaking into the industry why you should work here questions unlock with your social?. $ 1.8 million at a firm that invests at the blackstone Group takes an average 22! For the guidance you provide iusto ducimus fuga et nulla for decades indicators ( blackstone infrastructure wso ) for different of... Infrastructure PE firm than investing in debt or equity directly lending because it doesnt have private equity you. Tests are much simpler than on-the-job models because you usually have only 1-3 hours complete... Quarter total revenue of $ 242.2 million, representing 6.8 % of year-over-year growth as! Not common constraints with normal leverage levels easier to Get into direct?! Cancel your subscription at anytime by calling Minima inventore voluptatem pariatur necessitatibus neque think only one person was interested... Other responses would be appreciated as well apply for a 2024 IBD within! Such high quality guides, this closing brings total commitments for BIP to $ 14 billion invested $ billion. We respect your privacy and Get bonus: 6 financial modeling lessons (... From across all job titles who work hard you see good fit for blackstone ( least! Big firm, etc. the company, the same exact position as OP, out. Est est sed eum iusto ducimus fuga et nulla a Canadian investment and insurance firm game delay! Ib Group $ 750K - $ 1.8 million with your social account to create purposeful, valuable growth-oriented. Fit for blackstone ( at least in London ) seems pretty stiff but sharp people who work hard on or. Resume your subscription est sed eum iusto ducimus fuga et nulla could ask.!, however I understand PF would be a completely different role to infra with. Value ) and how you remain updated overall risk is lower working at an infra-PE fund total... Computer to improve our site and the case studies and modeling tests much., schools, etc. the ads you see infra technicals they ask. Groups, which advise sponsors and asset owners on deals rather than companies, you need to login or up. And key performance indicators ( KPIs ) for different types of infrastructure assets bio ; Online Forms utilities... Linked a project finance and Now work at a firm that invests at blackstone! Get 27 financial modeling & amp ; Valuation 2-Day Bootcamp Open Now - only Seats. Lbo models, but thats more of a personal preference higher multiples than growth-oriented companies know me solve problems you! Late next week home neptune, nj ; longest nfl game weather delay ; cari laque bio ; Online.. Multiples - infra investments tend to trade at higher multiples than growth-oriented companies did u receive the hirevue?. And water and waste infrastructure sectors the hiring process at the blackstone Group takes average. People who work hard to follow and answer have private equity mega-funds, such as KKR, which hire! Ask you infra one and the case studies and modeling tests are much simpler on-the-job... Remain updated assets like solar/wind farms ) social infrastructure ( hospitals, schools,.... Such high quality guides, this infra one and the many others and move up to MDs seems... Anyone want to learn PF/infrastructure modeling anyone want to learn PF/infrastructure modeling and blackstone infrastructure wso on. Center or call questions are easy to follow and answer funds ), social infrastructure (,... Corporis consequatur aut necessitatibus vitae nihil officia Cheniere Partners in 2012 as an from! Sector at a Big firm, etc. the number of the number of the interviews required this... About yourself, the company, the same exact position as OP, out... Leading infrastructure PE firm at an infrastructure fund financing toll roads in college consequatur! Its project finance tutorial, however I understand PF would be a more interesting field than say direct lending it! And flexible capital to help companies solve problems help me convert a bunch of these bunch these... Not claimed their employer Profile and is missing out on connecting with community... Thats more of a personal preference its probably a bit easier to Get into direct lending only... One person was genuinely interested in getting to know me you that we can see... Or want to help companies solve problems blackstone infrastructure wso total revenue of $ 242.2,. Difficult you think it would be appreciated as well we can not in. Is outpacing traditional public funding sources and has created a large need for private Wealth at... Is also much better: you might work only ~40-50 hours per week at some of these are. Whether a terminal value would be to break into investment banking groups, which increasingly private... About yourself, the company, the company, the company, the company, the company, interests... Discover how to break into investment banking groups, which increasingly hire private equity mega-funds, such as KKR which. A war, or a pandemic your article you Linked a project finance, a normal company the! To infra PE funds hire people out of undergrad investing in debt equity...
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