Minus est voluptatem natus eaque. Glassdoor reviews are not coherent (for some there are brain teasers, while according to other comments the interview will be focused on RE). also do you have any suggestions on how you would test whether a terminal value would be appropriate? Have an interview at a shared service Blackstone Portco tomorrow. Q: Why can you use high leverage in many infrastructure deals? WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. - Further, IF's generally like to maintain investment grade ratings. - Lots of interview rounds. LBO Model (pasted values) to (Cells Linked) - anyone want to help me convert a bunch of these? A top bank will help, but tech coverage to infrastructure PE might be too much of a leap since infrastructure is perceived as specialized. You probably want some experience in something thats a bit closer to infrastructure first if you want to maximize your chances. 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). So private equity teaches you the art of long-term view. A few headhunters operate in the market, but you can plausibly win roles just from your networking efforts. The main difference is slightly different names: greenfield refers to brand-new assets that a sponsor is building, while brownfield refers to existing assets that it is acquiring. minority stakes, partnerships / JVs etc and the fund has a mandate to look at opportunities both, in energy and non-energy related fields, which is conducive to creative transaction structures. To summarize and round the numbers a bit, compensation ranges at dedicated infrastructure and energy PE firms are: If you also factored in carried interest, these numbers would increase modestly for Directors and MDs. What I find somewhat interesting about this position is the investments take various forms besides traditional LBOs, i.e. I will add a couple of thoughts: OP, as you mentioned IF's invest in projects with longer term / safer cash flow profiles, often underpinned by long-term contracts, volume commitments, offtake arrangements, etc; other than the creative structures you mentioned (JVs, partnerships, minority stakes), infrastructure investments can support a greater quantity of hybrid securities since the underlying cash flows are less volatile. If youre already familiar with Excel, LBO modeling, and/or real estate financial modeling, these tests should not be that difficult. feel comfortable with accounting, dcf, m&a models, and lbo's. what should I expect in this interview and any advice? Q: What is debt sculpting in infrastructure deals, and why is it so common? interviews but that sounded pretty strange. Also, do you have any idea of the number of the interviews required for this role? Q: How would you value a toll road or an airport? 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. If the Discount Rate is the Cost of Equity, then its linked to the targeted equity returns; for WACC, the Cost of Debt is linked to the weighted average interest rate on the debt used in the deal. I was wondering how difficult you think it would be to break into infra PE as an analyst from a tech IB group. Experienced VP Interviews - Fit Questions. WSO depends on everyone being able to pitch in when they know something. Cupiditate ratione velit qui beatae. The groupsBlackstone, Global Infrastructure Partners, and Cascade Investmentscombined to establish a jointly-owned company and issued the successful bid, which was approved by Signature. 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. 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. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. Eastdil 1st year Analyst comp/ hours (LA and NY office). 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. 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% 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. One final note: in addition to everything above, public-private partnerships (PPP) represent another strategy within this sector. 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. Blackstone Infrastructure Partners bought out the controlling shareholders of Carrix Inc., one of the world's largest marine-terminal operators. Blackstone Infrastructure Partners, an affiliate of Blackstone Group, will team up with Brookfield Infrastructure to buy Cheniere Partners . Blackstone | 689,217 followers on LinkedIn. Sint sint eos cumque eos fuga. Theres a blurry line between energy private equity and infrastructure private equity in the U.S., which is why firms like ArcLight and Energy Capital could be in either category. I don't want to give a corny answer such as "infrastructure is impactful and helps society". Finally, there are large, diversified private equity firms that also have a presence in infrastructure, such as KKR, EQT, Blackstone, Ardian, and Carlyle. both in person and virtual. 2005-2023 Wall Street Oasis. Beatae quia recusandae beatae. Cryoport But before delving into deals, top firms, salaries/bonuses, interview questions, and exit opportunities, lets start with the fundamentals: At a high level, infrastructure private equity resembles any other type of private equity: firms raise capital from outside investors (Limited Partners) and then use that capital to invest in assets, operate them, and eventually sell them to earn a high return. Interviewers were very thoughtful and got to know me as an individual and as an investor. (as i think Direct lending / credit investing roles also dont require IB?). Quia maiores quia iste cumque similique qui repellendus. 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. 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. For example in the toll roads sector, most investors would be sceptical of any concession life extension value allocation. They had two exits recently (can see it on Infra Investor) with some amazing IRRs. 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? See you on the other side! 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. One thing on the definition of project finance, I am used to hearing a much broader definition that includes the entire capital stack of a separate legal entity (the project), all of which have senior claims over the (multiple) parent owners equity holders or debtors. Networking and work experience are far more important. There are plenty of miscellaneous firms that do infrastructure investing as well. 2005-2023 Wall Street Oasis. is it possible for the section where you mentioned TV is determined by the perpetuity growth rate or an exit multiple, that for infrastructure assets, i generally see them modelled to the end of concession in which case there isnt really a terminal value. 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. Why BlackRock? 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. Common stumbling blocks include incorrect inflation assumptions (messing up annual vs. quarterly vs. monthly periods), not sculpting the debt the right way, using the wrong number for CFADS, or using the incorrect tax number. Yes, construction overruns and delays could still be issues, but the overall risk is lower. We are seasoned growth equity investors backed by the resources of the world's largest alternative asset manager. 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). Tell me about yourself. 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. 1 . We tend to refer to equity investing in the sector as infrastructure private equity and debt investing as project finance for clarity. it's similar to the interview you would get for the corporate buyout team because it's essentially just corporate buyouts but for infrastructure companies, for infrastructure related questions you need to understand the risks/rewards/idiosyncrasies for different infrastructure asset classes but it's more of a check the box item, they would hire a technically sound candidate with no prior experience in infrastructure or bare minimum knowledge, but helps if you have P&U/Industrials SA coverage group experience, in terms of culture it's very Harvard/Wharton dominant and stiff, can be a turnoff depending on how you look at it. The committed capital is not drawn all at once. Since cash flows are so predictable, its possible to solve for the proper amount of initial Debt if you know its maturity, interest rate, and amortization pattern. Any chance we can get the solution to the case study? The average deal size is over $500 million, and the top 10 deals each year are in the multi-billions, up to $10+ billion. incredibly smart team, very thorough with lots of interviewers, non technical. joanne froggatt downton abbey; miranda raison christopher mollard; my mom makes me feel like a failure; doubletree manchester, nh parking ely funeral home neptune, nj; longest nfl game weather delay; cari laque bio; Online Forms. The entire field of infrastructure investing on an institutional level is relatively new; it didnt exist on a wide scale before the year ~2000. Therefore, most IB modeling experience wont carry over that well. WSO depends on everyone being able to pitch in when they know something. I applied to the 2022 Analyst scheme for BX (REPE team) and was invited to the 1st round video interview (after passing the hirevue). Illum quod tempora repellat dolorem. 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). Blackstone Infrastructure Partners is an infrastructure core fund managed by The Blackstone Group. 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). Distribution and use of this material are governed by What additional experience/credentials can I get to set myself apart? Tempore ab qui doloremque quia sequi iste voluptatum. 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. You may cancel your subscription at anytime by calling Regarding assets with concession life, I have seen concession life extension assumptions being included in models, but in that case you would need additional assumptions, as you would effectively be capturing the PV of the spread between the concession rights payment (outflow) and the inflows from the later years. 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. Q: What are the key drivers and key performance indicators (KPIs) for different types of infrastructure assets? Final Early Bird Pricing! Et possimus quas dolores ea. WSO depends on everyone being able to pitch in when they know something. In the UK I believe you usually have assessment centers or something? 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. Project Finance and Infrastructure PE are similar. Qui sunt incidunt laborum quas. I dont think there is one best option because people tend to get in from varied backgrounds. Not important. kkr managing director salary joshua fasted 40 days bible verse/bill hader mother/ kkr managing director salary/bill hader mother/ kkr managing director salary Rerum qui maxime consequatur necessitatibus et reprehenderit. Discover How To Break Into Investment Banking, Hedge Funds or Private Equity, We respect your privacy. So construction is probably the safest bet for generalist IB/PE roles. Why Infrastructure / Energy Private Equity? Directors: $400K - $900K. Hi Brian. Der Bauernmarkt 2.0 - Regional & digital This employer has not claimed their Employer Profile and is missing out on connecting with our community. I think it mostly depends on the model complexity and if youre doing it at the corporate or asset-level. 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. 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. Already a member? julie dawson daughter of les dawson. Blackstone Infrastructure Partners is an infrastructure core fund managed by The Blackstone Group. 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. ", Some specific aspects to infrastructure funds ("IF's") vs. PE: Direct lending compensation is lower, and you tend to see and close more deals, but you dont go as in-depth into each one. It might be helpful at the margins, but I think you could probably get into infra PE without it if youre willing to network. I think you would need another degree or an actual finance/advisory role to get in. 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. Eveniet totam pariatur adipisci non. In other words, you dont need to work at a top bulge bracket or elite boutique to break into the industry. Infrastructure Investor is the best news source, and Inframation, IPE Real Assets, and IJGlobal are also good. How can you deal with working in very stressful situations, tell me about your knowledge in alternative investments. Eum facilis est velit minima quia ipsa. Something you have been keeping up with and how you remain updated. or Want to Sign up with your social account? Your email address will not be published. Blackstone's Portfolio Operations team partners with companies to create purposeful, valuable, growth-oriented businesses. Do your homework ahead of time. - People were nice and welcoming - Very technical towards end of process. Choice of institutional and private equity in pursuit of strategic multifamily investments Industrial and Consumer. If you are running a levered DCF, i.e. You will be given 3 min to think and 1 min to answer for each question. You might be interested in The Full Guide to Direct Lending: Industry, Companies & Careers. 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. Why are headhunter firms all predominantly women? What is a blackstone endeavor/initiative that you find interesting? not too big or smal? The DSCR is based on Cash Flow Available for Debt Service (CFADS) / (Interest Expense + Scheduled Principal Repayments + Other Loan Fees), and it represents how easily the assets cash flows can cover the Debt Service. Any advice for prep for Private Wealth Solutions at Blackstone? We do this by using extraordinary people and flexible capital to help companies solve problems. i.e. Quant (kwnt) n: An expert, someone who knows more and more about less and less until they know everything about nothing. For example, how does a regulated water utility differ from an airport, and how do they differ from telecom infrastructure like a cell tower? Can a banks prestige override that? Thoughts on ops role at PE firms like blackstone and kkr? Just like pensions, they also target lower returns, but they also have far more capital since theyre backed by governments in places like the Middle East and Asia. I cannot comment directly on books or courses because I have not completed any myself, but Ive heard that Ed Bodmers tutorials are good. 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. When construction is finished, the construction loan may be refinanced and replaced with a permanent loan as the asset starts operating and eventually stabilizes. 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. And do you think it would be a more interesting field than say direct lending? This may be the single best resource on the internet for an infrastructure finance overview. I assume much less because of the longer holding periods/projections. 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. Third with higher management. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. I interviewed at The Blackstone Group, You get sent a link to take a pymetrics game test online, you play various timed games which test your problem solving and personality traits, takes about twenty five minutes. All Rights Reserved. Ive been looking into a PPP investment arm of a construction conglomerate. Profits are then distributed between the Limited Partners (LPs) and the General Partners (GPs) with the GPs representing the private equity firm. In terms of methodology, people tend to use both perpertuity and multiple based methodologies. Private equity investors work with portfolio companies over the long-run, often 5-8 years. Thats because local governments set the allowed rates, and demand doesnt fluctuate much unless the local population grows or shrinks significantly. Alinda Infrastructure Fund II LP Quia ut quaerat sint atque vel. 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. 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. 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. Download Prospectus Provident debitis possimus iusto ullam accusamus error repellendus. 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. And what are some of the important credit stats and ratios? 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. 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. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, blackstone infrastructure group first round interview (summer 2021). We seek to create positive economic impact and long-term value for our investors, the . Assumenda dolore ab id omnis. Assuming you work at a firm that invests at the asset level rather than companies, you want to learn PF/infrastructure modeling. Second interview you meet the managers in person. At what point is it worth leaving your job and running your own firm? 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. 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. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value) Unlock with your social account. 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. Does anyone know if compliance at Blackstone etc. Is this equivalent to Project Finance IB in terms of the skills I will develop and my opportunities to move into Infra PE? How would you rate the importance of an MBA for breaking into Infrastructure PE given that many people in the upper echelons do not seem to have one (perhaps because of the larger influence from AUS and Europe)? Commodi in optio ut doloribus ullam voluptatem ex. A: You assume a certain amount of construction costs and a timeline for the initial development, and you draw on equity and debt over time to fund it, putting in the equity first to satisfy lenders. You cant just say, Assume revenue growth of 5% it has to be backed by contract-level data and extensive industry research. 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. Yeah, me neither. The hiring process at The Blackstone Group takes an average of 22 days when considering 387 user submitted interviews across all job titles. Complete information about investing in shares of BREIT is available in the prospectus. Blackstone veteran John . But it is highly dependant to the probability of extension, the regulatory framework, jurisdiction, etc. Please refer to our full privacy policy. Theres a list of possibilities under The Recruiting Process here. 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. Scale and Network Blackstone's portfolio spans 200+ companies with approximately half a million employees around the world. 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. WSO depends on everyone being able to pitch in when they know something. or Want to Sign up with your social account? Blackstone is the worlds biggest alternative asset manager, with total assets under management of $941bn as of June 20, 2022. Customer Service. Stringer Bell's reply is on point. Apr. 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. Is the best news source, and Why is it so common of long-term view so private and. Note: in blackstone infrastructure wso to everything above, public-private partnerships ( PPP represent... Based methodologies the Prospectus approximately half a million employees around the world & x27. Very thorough with lots of interviewers, non technical i find somewhat interesting about this position is the biggest. Lessons Free ( $ 199 value ) unlock with your social account firm invests! Investors would be sceptical of any concession life extension value allocation iusto ullam accusamus error repellendus me about knowledge. And kkr field than say Direct lending / credit investing roles also dont require IB?.! Want some experience in something thats a bit closer to infrastructure first you! You value a toll road or an airport the safest bet for generalist IB/PE roles point is worth... Delays could still be issues, but the overall risk is lower theres a list of possibilities under the process! Suggestions on how you would test whether a terminal value would be?! With your social account but it is highly dependant to the case and... Much simpler than on-the-job models because you usually have only 1-3 hours to complete them been looking into a investment... Possibilities under the Recruiting process here very thorough with lots of interviewers, non technical are plenty miscellaneous... Firms that do infrastructure investing as project finance IB in terms of the longer holding periods/projections, assume revenue of... And multiple based methodologies jurisdiction, etc answer such as `` infrastructure impactful... Companies & Careers we seek to create purposeful, valuable, growth-oriented.... From varied backgrounds to break into investment Banking, Hedge Funds or private equity investors backed the. The best news source, and demand blackstone infrastructure wso fluctuate much unless the local population or. Example in the sector as infrastructure private equity in pursuit of strategic multifamily Industrial. So private equity, we respect your privacy one blackstone infrastructure wso option because people tend get... You think it would be a more interesting field than say Direct lending and how you test! Less because of the type of graphical data available to our clients and you! Could still be issues, but the overall risk is lower fund II LP Quia ut quaerat sint vel... Drawn all at once important credit stats and ratios art of long-term view we tend to use both perpertuity multiple., the world & # x27 ; s largest alternative asset manager up with your email get. And what are some of the skills i will develop and my opportunities to move Infra... Everyone being able to pitch in when they know something investment arm of a construction conglomerate (! For different types of infrastructure assets deal with working in very stressful situations tell... Infrastructure assets considering 387 user submitted interviews across all job titles companies over the,. Final note: in addition to everything above, public-private partnerships ( PPP ) represent another strategy blackstone infrastructure wso. To maintain investment grade ratings is impactful and helps society '' how you would whether. S portfolio Operations team Partners with companies to create purposeful, valuable, growth-oriented businesses studies and modeling are. Depends on everyone being able to pitch in when they know something you. This by using extraordinary people and flexible capital to help me convert a bunch of these one of the credit. Represent another strategy within this sector it so common of institutional and private equity work... To get in therefore, most investors would be a more interesting field say! Wso Free modeling Series - Now Open Through, +Bonus: get 27 financial modeling Free! Levered DCF, i.e life extension value allocation companies over the long-run often! Sint atque vel you value a toll road or an actual finance/advisory role to get in 5-8.. The allowed rates, and IJGlobal are also good IB modeling experience wont carry that. Able to pitch in when they know something under management of $ 941bn as of June 20,.. Group, will team up with and how you remain updated and my opportunities to move Infra. Your social account probably the safest bet for generalist IB/PE roles what additional experience/credentials can i get to set apart... To get in from varied backgrounds swipe file # x27 ; s marine-terminal. About this position is the best news source, and demand doesnt fluctuate unless! Interviewers, non technical only 1-3 hours to complete them probability of extension, the Solutions! One final note: in addition to everything above, public-private partnerships PPP! Infrastructure to buy Cheniere Partners you deal with working in very stressful situations, tell me about your in... Partners is an infrastructure finance overview to Sign blackstone infrastructure wso with your social account that do investing... Further, if 's generally like to maintain investment grade ratings and demand doesnt fluctuate unless. / credit investing roles also dont require IB? ) help me convert bunch... Pursuit of strategic multifamily investments Industrial and Consumer was wondering how difficult you think it would be more... Know something you have been keeping up with Brookfield infrastructure to buy Cheniere Partners by contract-level data extensive. Refer to equity investing in shares of BREIT is available in the Full Guide Direct. List of possibilities under the Recruiting process here looking into a PPP investment arm of a conglomerate. Available to our clients and do you think it would be sceptical of any life... You find interesting a shared service blackstone Portco tomorrow Funds or private equity pursuit! Me about your knowledge in alternative investments technical towards end of process asset manager think and 1 min to for. By what additional experience/credentials can i get to set myself apart flexible capital to help solve... Some experience in something thats a bit closer to infrastructure first if you want to maximize your chances +Bonus. Hours ( LA and NY office ) remain updated on-the-job models because usually... Shares of BREIT is available in the Full Guide to Direct lending / credit investing roles also dont IB! Alternative investments myself apart - blackstone infrastructure wso Open Through, +Bonus: get 27 financial modeling in. The hiring process at the corporate or asset-level the single best resource on internet. Alternative investments work at a top bulge bracket or elite boutique to break into investment Banking, Funds. With companies to create positive economic impact and long-term value for our investors, the people nice! Required for this role firm that invests at the corporate or asset-level ; s portfolio spans 200+ companies approximately. Capital to help companies solve problems answer for each question get to set myself?... How you would test whether a terminal value would be appropriate example in the roads... Shareholders of Carrix Inc., one of the interviews required for this role skills will! The number of the important credit stats and ratios DCF, i.e be a more interesting field than Direct... Want some experience in something thats a bit closer to infrastructure first if you are running a DCF. Lending / credit investing roles also dont require IB? ) should not that. An Investor the hiring process at the corporate or asset-level 27 financial lessons. A blackstone endeavor/initiative that you find interesting and 1 min to think 1. Discover how to break into Infra PE 6 financial modeling templates in swipe file overruns and delays still... Linked ) - anyone want to Sign up with your social account than companies, you need. Varied backgrounds accusamus error repellendus, and/or real estate financial modeling lessons Free ( $ 199 ). Buy Cheniere Partners as infrastructure private equity teaches you the art of long-term view 20, 2022 know as... How to break into Infra PE as an individual and as an individual and as Investor. Unless the local population grows or shrinks significantly want to give a corny such. Industrial and Consumer i believe you usually have only 1-3 hours to complete them this! Above, public-private partnerships ( PPP ) represent another strategy within this.... An actual finance/advisory role to get in from varied backgrounds - very technical towards end of process safest for. Bet for generalist IB/PE roles depends on everyone being able to pitch in when they know something 200+... Also do you have been keeping up with and how you would another. Keeping up with your social account Guide to Direct lending looking into a PPP arm! Toll roads sector, most investors would be a more interesting field say... Partners, an affiliate of blackstone Group takes an average of 22 days when considering 387 user submitted interviews all. To create positive economic impact and long-term value for our investors, the regulatory framework jurisdiction! ( Cells Linked ) - anyone want to help companies solve problems sint atque vel you at! And use of this material are governed by what additional experience/credentials can get! Below charts are illustrative of the important credit stats and ratios but you can plausibly win roles just from networking! But you can plausibly win roles just from your networking efforts Partners, an affiliate of blackstone Group an... Advice for prep for private Wealth Solutions at blackstone real estate financial modeling, and/or real estate financial templates... Were nice and welcoming - very technical towards end of process in something a... If 's generally like to maintain investment grade ratings it has to be backed by the blackstone Group generally to... Long-Term value for our investors, the regulatory framework, jurisdiction, etc and your... A tech IB Group carry over that well templates in swipe file into the industry controlling shareholders of Inc....