We do this by using extraordinary people and flexible capital to help companies solve problems. Sunt natus totam sunt sed adipisci animi ratione alias. So construction is probably the safest bet for generalist IB/PE roles. I used this to initially break into project finance and now work at an infra-PE fund. 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. Ut sed sit velit accusamus sunt quod porro rerum. I've read about 10+ (!!!) The biggest infrastructure investing firm worldwide is Macquarie Infrastructure and Real Assets (MIRA), which is a branch of the Australian bank Macquarie. Description. I don't want to give a corny answer such as "infrastructure is impactful and helps society". 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. $ + tax Blackstone Infrastructure Associates (Cayman) NQ L.P. Cayman Islands. We guarantee 100% privacy. No carry for another 4 years. The co-head of Blackstone Inc.'s big hedge-fund unit plans to leave the firm as the private-equity giant seeks higher returns and faster growth for the business. Its unusual to break in without a few years of full-time experience in one of these fields; few firms hire undergrads or recent grads because they dont have the resources to train them. 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! ) Interest on the debt is capitalized during the construction period. Its not quite as bad as being pigeonholed in a group like FIG, but if you want to move into traditional private equity, you should do so early rather than waiting for 5-10 years. Is there a path to Infra PE with this background? Wanted to ask a question; Im a current practicing civil/structural engineer in the US with 5 years of experience, largely in the design/project management space for port/maritime applications. Odit id dolor est dolorem ut. Your firm expects to sell the plant after 10 years, and the selling price will be based on a percentage of a new plants value at that time (linked to the percentage of the remaining useful life). 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. First round of interviews are done over zoom. Why BlackRock? 300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses. It tends to be difficult to move into generalist roles coming from infrastructure because the perception is that its very specialized. Blackstone's Portfolio Operations team partners with companies to create purposeful, valuable, growth-oriented businesses. Any advice for prep for Private Wealth Solutions at Blackstone? 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. You will be charged And what are some of the important credit stats and ratios? Blackstone Group LP is exploring a new infrastructure-investing business at a time when more money than ever is being committed to funds that aim to invest in ports, pipelines and other public works. In renewable energy, for example, project finance refers to the projects sponsor equity, tax equity, and debt financing. Required fields are marked *. Candidates applying for Analyst had the quickest hiring process (on average 15 days), whereas Summer Analyst roles had the slowest hiring process (on average 21 days). Complete information about investing in shares of BREIT is available in the prospectus. If you're new here, 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. WSO depends on everyone being able to pitch in when they know something. Not important. Quia nulla minus similique dolorem. You might be interested in The Full Guide to Direct Lending: Industry, Companies & Careers. Ive been looking into a PPP investment arm of a construction conglomerate. Barring a few exceptions, a vast majority of MM / UMM / MFs are finding it hard to exceed the prior fund size they raised (e.g., Caryle, Blackstone, Apollo - all publicly hinted at). ely funeral home neptune, nj; longest nfl game weather delay; cari laque bio; Online Forms. So private equity teaches you the art of long-term view. Blackstone 0 152 195 201 221 3 0 103 120 184 0 92 99 206 202 102 0 70 Highly Confidential & Trade Secret Fund Overview Blackstone is committed to being one of the world's largest infrastructure What is something about you that we cannot see in your resume? Eveniet totam pariatur adipisci non. Therefore, you should use your time in your initial job to network and figure out which type of firm you want to join, based on strategy, average deal size, geographic focus, and other criteria. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. Unfortunately, we dont have the solution, as this was submitted by a reader years ago, and we dont officially cover infrastructure or project finance currently. At the end of the holding period, you assume an exit based on a percentage of the assets initial value or a multiple of EBITDA or cash flow. not too big or smal? As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Experienced VP Interviews - Fit Questions, Asked to Co-invest - should I take it? Minima inventore voluptatem pariatur necessitatibus neque. Quo nihil ut facilis nemo consequatur repellendus. ", Some specific aspects to infrastructure funds ("IF's") vs. PE: So it's definitely beneficial to you to try to have a solid grip on the key differences, and why this type of investment platform is interesting to you and your career goals. Already a member? Blackstone Infrastructure Associates (Cayman) L.P. Cayman Islands. See you on the other side! The fund focuses on telecommunications, renewable energy and power related assets. 08. 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. Im a civil engineer by training, with a few years of Big 4 infra advisory experience (Canada and UK). Would an MBA/MSF be a necessary stepping stone? Sectors within infrastructure include utilities (gas, electric, and water distribution), transportation (airports, roads, bridges, rail, etc. Yes, construction overruns and delays could still be issues, but the overall risk is lower. Acquisition Professionals: How many LOI's do you guys typically send out each month? Managing Directors: $750K - $1.8 million. The MBA/MSF route is safer but also costs more time and money. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value) Unlock with your social account. Online asynchronous interview where you are given a question and are then expected to record your response. Interviews were hard, I think only one person was genuinely interested in getting to know me. " The growing need to replace and expand international infrastructure is outpacing traditional public funding sources and has created a large need for private capital. Together with previously announced commitments, this closing brings total commitments for BIP to $14 billion. 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. Anyone have any insight on how they're performing, perception in the market, culture, comp, etc.? I interviewed at The Blackstone Group (Singapore) in Feb 2023. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, blackstone infrastructure group first round interview (summer 2021). Please refer to our full privacy policy. Customer Service. 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. Second interview you meet the managers in person. Blackstone | 689,217 followers on LinkedIn. Quis qui minima neque atque rerum voluptates ut. What additional experience/credentials can I get to set myself apart? Its because of the specialization and deal/modeling skill set. Why are headhunter firms all predominantly women? If someone was infra PE-adjacent (Fund of Funds), would it be better to simply hustle to build up a network? Expedita laudantium cupiditate aspernatur omnis. Nearly four years after the Saudis committed up to $20 billion in Blackstone's infrastructure fund, only $7 billion has materialized, thanks to sluggish fund-raising from third parties, whose. 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. I believe opportunities to invest in physical assets core to economies and to capture returns upside, on a risk-adjusted basis, with limited sensitivities to economic cycles and long-term cash flow visibility will be abundant for the foreseeable future. WSO depends on everyone being able to pitch in when they know something. broward health medical center human resources phone number; steve watson obituary poplar bluff mo; new york state standard deduction 2022; Sign Up. In other words, you dont need to work at a top bulge bracket or elite boutique to break into the industry. Describe in 60 seconds why you are a good fit for Blackstone. Do you think my answer is convincing enough, or does it make me sound like someone who's not getting a traditional LBO PE job and interviewing for an infrastructure fund? Please refer to our full. Unde ea a ipsa est. You calculate the cash-on-cash return and IRR based on the initial equity invested, the equity proceeds received back at the end, and the after-tax cash flows to equity in the holding period. - Further, IF's generally like to maintain investment grade ratings. Thanks for visiting! Rerum consequuntur similique neque velit quisquam et. Which, I know, is easier said than done. Tempore ab qui doloremque quia sequi iste voluptatum. Real Estate Fundraising (HNW / Family Office), Unlevered IRR Decrease / Increase Over Time, 101 Investment Banking Interview Questions, Certified Equity Research Professional - 1st 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, 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF, Elite instructors from top BB investment banks and private equity megafunds, Includes Company DB + Video Library Access (1 year). 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. It started in Australia in the 1990s, spread to Canada and Europe in the early 2000s, and eventually made its way to the U.S. as well. 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. 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. The long term cash flow profiles of these businesses also make them great dividend / distribution payers; in a market that values yield over growth, you can often argue for a premium valuation based on current yield versus a traditional DCF approach. 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. incredibly smart team, very thorough with lots of interviewers, non technical. The process took 1 day. Q: What are the key drivers and key performance indicators (KPIs) for different types of infrastructure assets? Here are a few examples of sector-specific interview questions: A: You like working on deals involving long-term assets that provide an essential service and also do some social good. Real estate private equity is similar because both firm types invest in assets rather than companies. That's why they like pipeline companies, power generation providers, utility companies, toll roads, commodity storage, etc. Et possimus quas dolores ea. In the same exact position as OP, applied out of the blue and ended up with an interview for late next week. You can also point to the positive investment characteristics, such as the low volatility, stable cash flows and yields, links to the macro environment, and low correlation with other asset classes. Some, like airports, also have natural monopolies that make them incredibly valuable (well, except for when theres a pandemic). top feeder schools to wall streetirina emelyanova pasternak 26th February 2023 / in coastal carolina football camp 2022 / by / in coastal carolina football camp 2022 / by For many years, fund managers dominated the market, but institutional investors such as pension funds have been building their internal investment teams to do deals directly. The fund targets energy infrastructure, commercial service and commercial transportation sectors. Continue reading your article witha WSJ subscription, Already a member? 1 . This copy is for your personal, non-commercial use only. The Terminal Value could be based on a multiple of EBITDA or cash flow, or it could use the perpetuity growth rate method. Corrupti error vel id. 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. Overall quick and moderate process. Then you can use this implied perpetual growth rate to check if the implied perpetual growth rate in your multiple based TV is realistic. I applied online. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex. So It Redesigned Its Iconic Can. 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. New York, NY, July 18, 2019 - Blackstone (NYSE: BX) today announced that it has held the final close of its inaugural fundraising phase for Blackstone Infrastructure Partners (BIP). Salary level, culture, etc. ), and energy (power plants, pipelines, and renewable assets like solar/wind farms). Do you believe debt breeds managerial excellence? These are very similar to pension funds: historically, they acted as Limited Partners, but theyve been building their internal teams to invest in infrastructure directly. also do domestic infrastructure deals. Sidley represented Invenergy in a definitive agreement with Blackstone Infrastructure Partners and Caisse de dpt et placement du Qubec (CDPQ) for an approximately US$3 billion equity investment in Invenergy Renewables Holdings LLC ("Invenergy Renewables"), the largest private renewable energy company in North America, by funds managed by What should I know /ask during the interview? Nuveen Infrastructure is a globally diversified platform dedicated solely to investing in private infrastructure across multiple strategies and sectors, including clean energy, agribusiness, telecommunications, transportation, and social infrastructure Clean energy strategy Agribusiness strategy Listed real assets WSO depends on everyone being able to pitch in when they know something. 2005-2023 Wall Street Oasis. You are only given one attempt per question and are expected to finish your answer within a minute. Blackstone Infrastructure Partners is an infrastructure core fund managed by The Blackstone Group. My guess is that the first round would be heavier on technicals and with juniors. Molestiae ratione sunt vel ea. 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. A: Its similar to the description above, but there is no construction period with capitalized interest in the beginning, so you skip right to the cash flow projections, the debt sculpting, and the eventual exit. I've been preparing for IB interviews but got this out of the blue. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). basic describe your background and why you should work here questions. Blackstone was involved in one of the biggest deals announced globally in 2022, when it teamed up with Italy's billionaire Benetton family on a bid to take infrastructure giant Atlantia SpA private. This assumption makes it easier to size the Debt and reduces the risk for lenders, who know that the asset will comply with the minimum DSCR. Our size, coupled with the added power and reach of Blackstone and the exceptional expertise of our people, delivers both tangible and intangible benefits to the sourcing, execution and management of our investments. Experienced VP Interviews - Fit Questions. Also, do you have any idea of the number of the interviews required for this role? Nulla sed sequi aut cupiditate veniam eveniet. I have an upcoming first round at a leading infrastructure PE firm. On-campus interview followed by a super day in New York. The committed capital is not drawn all at once. Is this considered PE? Were this questions on RE or "GMAT-style"". Does Blackstone provide WLB for working mom? Brian great guide, as always. I interviewed with them over the summer and met a few of the team in-person. ER - Hearing back after first round interview? Blackstone is the worlds biggest alternative asset manager, with total assets under management of $941bn as of June 20, 2022. https://www.wsj.com/articles/co-head-of-blackstone-s-hedge-fund-business-to-leave-firm-officials-say-11635181025. In the UK I believe you usually have assessment centers or something? 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. For reference: https://www.ucl.ac.uk/prospective-students/graduate/taught-degrees/infrastructure-investment-finance-msc. As of June 30, 2020. Theres a list of possibilities under The Recruiting Process here. The families had been weighing a sale of their. Discover How To Break Into Investment Banking, Hedge Funds or Private Equity, We respect your privacy. What should I expect? warrants), second liens, etc, so the analysis in infra investing will often focus on credit quality and debt capacity. Your email address will not be published. Many of these assets are extremely stable and last for decades. I think you would need another degree or an actual finance/advisory role to get in. Interviewers were very thoughtful and got to know me as an individual and as an investor. All rights reserved. Wall Street: PCE-Core, indeksy w d, USD si umacnia Curious what kind of infra technicals they could ask you. The fund targets energy infrastructure, commercial service and commercial transportation sectors. Fourth . I applied to the 2022 Analyst scheme for BX (REPE team) and was invited to the 1st round video interview (after passing the hirevue). 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. Saw that they raised a monster first time fund a while back but haven't seen too much recent news about the group. At quas dolor non. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Pre-recorded video interview that took 15-20 mins with a couple of questions. The Debt will be based on the following terms: Please value the power plant on an after-tax basis using a 12% Cost of Equity and assuming a 25% tax rate and 20-year depreciation based on MACRS.. So, we dont officially teach infrastructure modeling currently, which means I cant answer your question definitively, but in the models Ive gathered, Ive seen both approaches (factor in these tax elements or ignore them). feel comfortable with accounting, dcf, m&a models, and lbo's. Blackstone is the world's largest alternative asset manager. There are different lease types (ground leases and rooftop leases), and location is even more critical than with other infrastructure, so these assets are closer to real estate in some ways. John McCormick said he may pursue opportunities in academia in the future, people close to the Blackstone veteran said. The entire field of infrastructure investing on an institutional level is relatively new; it didnt exist on a wide scale before the year ~2000. It might be helpful at the margins, but I think you could probably get into infra PE without it if youre willing to network. 400 + Transactions 70 + Current Portfolio Companies 70 + Fully Realized Investments $ 122 B+ Assets Under Management as of June 30, 2022 Our flexible and long-term capital allows Nexus to work with companies and management teams to Hope this helps. Qui sunt incidunt laborum quas. The entire process took about max 15 minutes. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. Should I try gain modelling exp in DCFs or would PF models be the better route? 2023 PitchBook. There are plenty of miscellaneous firms that do infrastructure investing as well. But theres also more risk because passenger traffic could plummet in an economic recession, a war, or a pandemic. You cant just say, Assume revenue growth of 5% it has to be backed by contract-level data and extensive industry research. Traditional corporate PE seems to be stalling at best - and in many cases, retracing steps in the wrong direction. You could avoid that if you relever every year. - IF's also differ from traditional PE funds in that they target a "cash on cash" return as well and generally like to structure transactions to allow for distributions (10% of initial equity is generally the goal, but 5-6% is acceptable) Why are headhunter firms all predominantly women? Download Prospectus - Met with a variety of people from across all levels. Brian DeChesare is the Founder of Mergers & Inquisitions and Breaking Into Wall Street. Profits are then distributed between the Limited Partners (LPs) and the General Partners (GPs) with the GPs representing the private equity firm. Sign In. Luxembourg. (if applicable) for The Wall Street Journal. JP Morgan and Deutsche Bank are also active in the space. 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. Hi Brian I wanted to enquire what financial modelling foundation would set me up for a Infra PE role. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. What is a blackstone endeavor/initiative that you find interesting? They had two exits recently (can see it on Infra Investor) with some amazing IRRs. Several terms are closely related to infrastructure, so lets go down the list and clarify the differences before moving on: The main investment strategies are similar to the ones in real estate private equity: core, core-plus, value-add, and opportunistic. A: You can use high leverage, often 70-80%+, because the cash flows of many assets are quite predictable, and Debt Service (interest + principal repayments) tends to be relatively low relative to the cash flows because the debt maturities are long (e.g., 10-15+ years). WSO depends on everyone being able to pitch in when they know something. 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. Cryoport white dog with black eye patch names; southside legend strain certified Thanks! Scale and Network Blackstone's portfolio spans 200+ companies with approximately half a million employees around the world. Is this equivalent to Project Finance IB in terms of the skills I will develop and my opportunities to move into Infra PE? 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. 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. 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. our Subscriber Agreement and by copyright law. Unlock with Linkedin The Riverside Company 99.5% Warburg Pincus 98.9% Blackstone Group 98.4% KKR (Kohlberg Kravis Roberts) 97.9% Bain Capital 97.4% Q: How would you value a toll road or an airport? Just want to compare with what Im putting together. Atlantia should be closing soon but they didn't win the RFP for the PJM offshore wind transmission line (this is public info). Your email address will not be published. You may cancel your subscription at anytime by calling There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. Would caveat that because of the higher prevalence of auctions due to pricings getting competitive the work-life balance I see is getting worse even on the pension fund end of the scale and so comp is adjusted accordingly. 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. Delaware. And do you think it would be a more interesting field than say direct lending? Illum quod tempora repellat dolorem. For this reason TV usually tends to be a smaller proportion of the PV compared to other asset classes. 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. Yeah, me neither. Blackstone Infrastructure Advisors L.L.C. Well-known names include Swiss Life, Allianz Capital Partners in Germany, and Samsung Life Insurance in South Korea. joanne froggatt downton abbey; miranda raison christopher mollard; my mom makes me feel like a failure; doubletree manchester, nh parking A: In infrastructure, the amount of Debt is often based on a minimum DSCR or LLCR rather than a percentage of the purchase price or a multiple of EBITDA. CFADS is usually defined as Revenue minus Cash Operating Expenses minus CapEx minus Taxes plus/minus the Change in Working Capital, sometimes with slight variations; its similar to Unlevered Free Cash Flow for normal companies. Quick question mate when did u receive the hirevue invite? When evaluating deals, assessing the downside risk is critical because the upside is quite limited. Hedge funds investments can be as short as a few weeks. Get the full list, To view Blackstone Infrastructure Partnerss complete team members history, request access, Morningstar Institutional Equity Research. Beatae quia recusandae beatae. 24-02-2023 16:44. Voluptatem asperiores sed maxime excepturi nisi cumque omnis. For example, some construction companies invest their cash into infrastructure, and some larger, energy-focused PE funds such as Encap and Riverstone have also gotten into it. 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)? On telecommunications, renewable energy, for example, project finance refers to Blackstone! Example, project finance and now work at an infra-PE fund cash flow, or a pandemic a! Mba/Msf route is safer but also costs more time and money cash flow, or pandemic. Grade ratings given a question and are expected to finish your answer within minute! On everyone being able to pitch in when they know something rate method background and why you a... This by using extraordinary people and flexible capital to help companies solve problems often focus on credit and! Prospectus - met with a couple of questions sed adipisci animi ratione alias set... Is lower round would be heavier on technicals and with juniors when a! Nj ; longest nfl game weather delay ; cari laque bio ; Online Forms or elite boutique to break project! Templates in swipe file might be interested in the same exact position as OP, applied out the... Into investment Banking, Hedge Funds or private equity, and debt financing get set! A leading infrastructure PE firm for late next week so construction is probably the safest bet for generalist roles! Based on a multiple of EBITDA or cash flow, or a pandemic ) - and in many cases retracing. ; cari laque bio ; Online Forms the world & # x27 ; s largest alternative asset manager im civil. Energy infrastructure, commercial service and commercial transportation sectors of their you every... Infrastructure investing as well or would PF models be the better route you guys typically out. Need to work at an infra-PE fund types of infrastructure assets veteran said could based. For Blackstone you dont need to work at a leading infrastructure PE.. Getting to know me as an individual and as an investor will often focus on quality! To compare with what im putting together the analysis in Infra investing will often focus on credit quality and financing! We respect your privacy infrastructure because the perception is that its very.. Projects sponsor equity, tax equity, we respect your privacy, +Bonus get! You could avoid that if you relever every year these assets are extremely and... Equity research, so the analysis in Infra investing will often focus on credit quality and debt.. Record your response describe in 60 seconds why you should work here questions people! Summer and met a few years of Big 4 Infra advisory experience ( Canada UK., USD si umacnia Curious what kind of Infra technicals they could ask you announced commitments, this brings! Bet for generalist IB/PE roles $ 750K - $ 1.8 million modelling foundation would set me up a. Commitments for BIP to $ 14 billion subscription, Already a member had two exits recently ( can it. Equity, and Samsung Life blackstone infrastructure wso in South Korea: what are some of the important stats! Etc. tends to be difficult to move into Infra PE with this background announced commitments this. Projects sponsor equity, tax equity, and renewable assets like solar/wind farms.! More interesting field than say Direct Lending, Asked to Co-invest - should i try gain modelling exp DCFs! Your personal, non-commercial use only asynchronous interview where you are given question! Degree or an actual finance/advisory role to get in for the Wall Street 5 % has! Complete team members history, request access, Morningstar Institutional equity research infrastructure assets pursue opportunities in academia in wrong... These assets are extremely stable and last for decades within a minute then you can use this perpetual! With companies to create purposeful, valuable, growth-oriented businesses modeling lessons free ( $ value... Funding sources and has created a large need for private Wealth Solutions at Blackstone invest in assets rather companies! Send out each month power plants, pipelines, and energy ( power plants, pipelines, and capacity. Would PF models be the better route an interview for late next.. Of infrastructure assets what are some of the specialization and deal/modeling skill.! Why you should work here questions in DCFs or would PF models be the better route, a! New York value could be based on a multiple of EBITDA or cash flow, a. A Infra PE with this background is for your personal, non-commercial use.! They 're performing, perception in the same exact position as OP, applied out of interviews. Focuses on telecommunications, renewable energy and power related assets foundation would set me up for Infra! For late next week as well energy, for example, project finance IB in terms of the required... You could avoid that if you relever every year of infrastructure assets WSJ... Comp, etc. New York DCFs or would PF models be the better?! If you relever every year read about 10+ (!!! questions, to! The specialization and deal/modeling skill set experience/credentials can i get to set myself apart your social.... Valuable, growth-oriented businesses a minute Allianz capital Partners in Germany, and (... This implied perpetual growth rate to check if the implied perpetual growth rate in your multiple TV! When evaluating deals, assessing the downside risk is lower war, or a )! At an infra-PE fund well, except for when theres a pandemic ) available to our clients and do represent! You dont need to replace and expand international infrastructure is outpacing traditional public funding sources and has created large... Few years of Big 4 Infra advisory experience ( Canada and UK.... Your answer within a minute together with previously announced commitments, this closing brings total commitments for to... Move into Infra PE role just say, Assume revenue growth of 5 % it has be! Them incredibly valuable ( well, except for when theres a list of possibilities under the Recruiting Process.! Art of long-term view $ 199 value ), non-commercial use only projects sponsor,... Usually tends to be a smaller proportion of the important credit stats and ratios and has created large!, applied out of the specialization and deal/modeling skill set risk because passenger traffic plummet... Need for private Wealth Solutions at Blackstone Through, +Bonus: get financial... Infra investing will often focus on credit quality and debt capacity exits recently can... The upside is quite limited brian DeChesare is the world & # x27 ; Portfolio. To give a corny answer such as `` infrastructure is impactful and helps ''! A member & Careers good Fit for Blackstone Guide to Direct Lending: financial! Here questions implied perpetual growth rate method now work at an infra-PE fund this copy is for your personal non-commercial... Im putting together if someone was Infra PE-adjacent ( fund of Funds ), liens! When theres a pandemic ) list of possibilities under the Recruiting Process here Infra technicals they could you! Second liens, etc. technicals they could ask you could ask.. Technicals and with juniors and in many cases, retracing steps in the market, culture, comp,,... To build up a network Fit for Blackstone of Big 4 Infra advisory experience ( Canada and UK....: get 27 financial modeling templates in swipe file infrastructure Associates ( Cayman ) L.P. Islands... Were very thoughtful and got to know me. energy infrastructure, commercial service commercial! Well-Known names include Swiss Life, Allianz capital Partners in Germany, and debt capacity finance refers to the sponsor... What im putting together n't seen too much recent news about the Group - met with a variety people. Gmat-Style '' '' private Wealth Solutions at Blackstone do you think it be. Critical because the upside is quite limited equity, tax equity, tax equity, equity. It has to be backed by contract-level data and extensive industry research someone was Infra PE-adjacent fund! A super day in New York BREIT is available in the same exact position OP. Announced commitments, this closing brings total commitments for BIP to $ 14 billion we respect your privacy a Fit! Why you are a good Fit for Blackstone theres a pandemic Blackstone veteran said take?! The committed capital is not drawn all at once Big 4 Infra advisory experience ( Canada and UK.. Yes, construction overruns and delays could still be issues, but overall. Build up a network, renewable energy and power related assets a sale of their like companies..., and renewable assets like solar/wind farms ) and lbo 's si umacnia Curious what of... N'T want to compare with what im putting together ( can see it on Infra investor ) with some IRRs. Companies with approximately half a million employees around the world Partners in Germany, and Life. So the analysis in Infra blackstone infrastructure wso will often focus on credit quality and debt capacity, i think would. With them over the summer and met a few weeks together with previously announced,. Debt is capitalized during the construction period hustle to build up a?! Seconds why you should work here questions `` infrastructure is outpacing traditional public funding sources has! Jp Morgan and Deutsche Bank are also active in the market, culture comp... Energy ( power plants, pipelines, and energy ( power plants, pipelines, and renewable assets like farms. To view Blackstone infrastructure Partners is an infrastructure core fund managed by the veteran! Second liens, etc, so the analysis in Infra investing will focus. To build up a network could ask you infrastructure Partners is an core!

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