World's Top Private Equity Firms

on
Private equity typically refers to investment funds organized as limited partnerships that are not publicly traded and whose investors are typically large institutional investors, university endowments, or wealthy individuals. Private equity firms are known for their extensive use of debt financing to purchase companies, which they restructure and attempt to resell for a higher value. Debt financing reduces corporate taxation burdens and is one of the principal ways in which private equity firms make business more profitable for investors.[1] Private equity might also create value by overcoming agency costs and better aligning the incentives of corporate managers with those of their shareholders.
P.E. is, strictly speaking, a type of equity and one of the asset classes consisting of equity securities and debt in operating companies that are not publicly traded on a stock exchange.[2] However the term has come to be used to describe the business of taking a company into private ownership in order to reform it before selling it again at a hoped-for profit.
A private equity investment will generally be made by a private equity firm, a venture capital firm or an angel investor. Each of these categories of investors has its own set of goals, preferences and investment strategies; however, all provide working capital to a target company to nurture expansion, new-product development, or restructuring of the company’s operations, management, or ownership.[3]
Bloomberg Businessweek has called private equity a rebranding of leveraged-buyout firms after the 1980s. Common investment strategies in private equity include: leveraged buyouts, venture capital, growth capital, distressed investments and mezzanine capital. In a typical leveraged-buyout transaction, a private-equity firm buys majority control of an existing or mature firm. This is distinct from a venture-capital or growth-capital investment, in which the investors (typically venture-capital firms or angel investors) invest in young, growing or emerging companies, and rarely obtain majority control

 

1. The Blackstone Group

They are leading today in asset management and as an advisory firm to investors. Their business focus is on private equity, real estate, hedge fund solutions, and non-investment grade credit.
Website: https://www.blackstone.com
Expectations from candidates at Entry-Level: 
At entry-level there are two positions: one is for a PE Analyst and the other is PE Associate.
The primary requirement is 2 to 4 years of work experience in either or both public and private sector. The basic educational qualification required is CPA or a graduate degree. However, for an Associate position post-MBA candidates are preferred.
Job Description for Entry-Level:  
  • The candidate is required that they assist seniors in direct acquisitions, divestitures, restructuring, recapitalization, joint ventures, and LBOs across sectors of mid-sized and large companies.
  • An Analyst’s work will include performing financial and competitive analysis, drafting internal and external memos, assist seniors in implementation of transactions, computer modelling, and research.
  • An Associate’s job includes monitoring and managing current portfolios for potential exits, investment, and acquisition opportunities.


2. TPG Creative Capital Firm

TPG is presently the leading private investment firm in the world. Their business focus covers a broad range of sectors like financial service, IT & communication technology, consumer products, healthcare, media & entertainment, travel, industrial, and retail business.
Website: https://tpg.com/
Expectations from candidates at Entry-Level: 
Candidate must have an MBA or a degree in finance, mathematics, economics, statistics, and accounting. It is mandatory to have a prior work experience of 2-3 years as an investment banker or management consultant.
Job Description for Entry-Level PE Analyst:
  • Candidate must have extensive knowledge of TPG’s industrial sectors.
  • Must know how to apply Lean operations practise to increase efficiency and reduce wastage.
  • Monitor assigned portfolio and regularly update it.
  • Research to identify strategic advantages across the TPG portfolio.
  • Good modelling skills to present portfolio and the results to seniors and stakeholders.
  • Ability to research and present pros n cons on new investment opportunities to a senior team within the firm.

3. Kohlberg Kravis Roberts

The KKR firm manages investments across numerous asset classes. They include hedge funds, energy, infrastructure and real estate, credit and capital markets.
Website: http://www.kkr.com/businesses/private-equity
Expectations from candidates at Entry-Level: 
The entry-level position is that of an Associate. The basic educational qualification required is a Masters or Bachelor’s degree in finance, business management, consultation, economics, or mathematics.
The candidate must have previous work experience of 2-3 years in a reputed PE firms or investment bank and must possess working knowledge of software’s like Microsoft office, Bloomberg Terminal, Visual Basic, PowerPoint, data analysis, and valuation.
Job Description for Entry-Level:
  • Assist and perform portfolio management and monitoring.
  • Gather data, analyse, and present information to seniors using tools like Excel, PowerPoint, and Visual Basic.
  • Preparing preliminary due diligence reports and modelling with growth forecasts for assigned portfolios.

4. Goldman Sachs Principal Investment Area

They are a leading firm providing services and strategic advice to individuals and companies with respect to mergers and acquisitions, divestitures, spin-offs, risk management, and debt &equity underwriting.
Website: http://www.goldmansachs.com/
Expectations from candidates at Entry-Level: 
The candidate must be an MBA with 2-3 years of work experience in the similar industry to join as an Associate at entry-level. Fluency in multiple languages like English, French, and German is an added advantage.
Job Description for Entry-Level:
  • The role of an associate includes planning, structuring, and executing financing transactions in the public and private markets.
  • Advising companies on mergers, acquisitions, and strategies.

5. The Carlyle Group

They have investors ranging from wealthy individuals and families to private & public pension funds, and other sovereigns like unions and corporations. They focus on sectors like telecommunications, media, power & energy, real estate, and defence to name a few.
Website: www.carlyle.com
Expectations from candidates at Entry-Level: 
The entry-level jobs offered are as a PE Associate/Analyst. They require either a Bachelor’s or Master’s degree from a reputed institute along with 2-3 years of work experience in banking, consulting, or preferably private equity.
Job Description for Entry-Level:
  • The job profile requires focusing on buyout and acquisition opportunities in the respective sectors by studying analysis based on public filings.
  • Comprehensive industry research, utilizing resources and tools such as the Internet, professional database, Bloomberg, Factiva, Thomson Finance, and expert interviews.
  • Prepare internal analysis reports, formal documents such as investment memo’s, and assist in preliminary deal screening efforts

6. Oaktree Capital Management

This firm majorly deals in asset classes like Corporate Debts, Convertible securities, Distressed Debt, Control Investing, Real Estate, and Listed Equities.
Website: http://www.oaktreecapital.com/
Expectations from candidates at Entry-Level: 
The qualification required is a bachelor’s degree from a top university or college along with 1-3 years of work experience at an investment bank, asset management firm, or consulting firm.
Job Description for Entry-Level:
  • Analysing markets, products, and new business prospects to develop recommendations on the applicable plan for Oaktree.
  • Performing quantitative and qualitative analysis, with diligence, valuation, and creating benchmarks by studying industries and sectors for Oaktree.
  • Building detailed financial models and preparing presentations for senior management and external stakeholders.

7. Apollo Global Management

They focus on nine core Sectors as a part of their Private Equity investment business. These are Chemicals,Commodities,Consumer & Retail, Distribution & Transportation, Financial & Business Services, Manufacturing & Industrial,Media, Cable & Leisure, Packaging & Materials, and Satellite& Wireless.
Website: http://www.agm.com/
Expectations from candidates at Entry-Level: 
The entry level jobs are either as a Private Equity Associate or an Analyst. The basic educational qualification required is a Bachelor’s or Master’s degree in Finance and Business Administration. The candidate must have knowledge of working with Microsoft Office/Excel/Word/PowerPoint, and Bloomberg Terminal.
Job Description for Entry-Level:
  • Analysts are expected to take complex, different ideas and convert these into simple, challenging concepts.

 

8. Apax Partners

They focus on investing funds in four sectors i.e. Consumer, Health, Services, and Tech & Telco.
Website: http://www.apax.com/
Expectations from candidates at Entry-Level: 
The entry-level jobs are as Associates or Analysts. The basic educational qualification required is either a Bachelor’s or Master’s degree in Economics, Policy Analysis, General Engineering, and Chemical Engineering.
Job Description for Entry-Level:
  • The candidates are required to work on multiple transactions in the sector assigned.
  • Consult and advise clients and team members along with managing the portfolios.

9. Bain Capital

They have expertise in the areas of Consumer, Retail, Dining, Financial & business services, Healthcare, Industry & Energy, Telecom, Media, and Technology.
Website: http://www.baincapitalprivateequity.com/
Expectations from candidates at Entry-Level: 
The entry level jobs for undergraduates are of an Associate Consultant and Associate Consultant Intern. For MBA graduates, the profile is of either a Summer Associate or Summer Consultant.
Job Description for Entry-Level:
  • The candidate will be required to research, structure and perform analysis to highlight and support Bain’s recommendations to clients.
  • Working closely with full-time consultants.
  • Presenting the results of your work to partners and clients

10. CVC Capital Partners

CVC manages capital for over 300 institutions, government organisations, and private investors worldwide. They focus on venture capital, high net-worth individuals, and LBOs.
Website: http://www.cvc.com
Expectations from candidates at Entry-Level: 
The entry-level job for an undergraduate is either as an Operations Analyst or Associate. The educational qualification required is either an MBA or master’s degree in finance, economics, and marketing along with some relevant work experience in the Private Equity field.
Job Description for Entry-Level:
  • As an Analyst, the primary responsibilities include performance and portfolio analysis along with handling the operations and trade support.
  • To work and assist seniors in business development and fundraising opportunities.


 

Comments

Post a Comment