He did not even seem to have read my resume. Founded in 1999, the firm is one of the largest technology investors in the world, with a team of professionals based in North America, Europe and Asia. Silver Lake has a much wider mandate and would probably be seen as more of a general TMT player. I interviewed at Silver Lake (San Francisco, CA) in Nov 2009. All Rights Reserved. Sorry, you need to login or sign up in order to vote. They paid a ~25% premium for Dell, which equated to 5.1x trailing EBITDA. Silver Lake's first fund was among the best performing funds of its vintage. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Yes, it's a generalist program in tech PE. I had three 30 minutes interview with three people. VCG is a better culture. ASSE Certified Backflow Tester/Licensed Plumber RESIDENTIAL / COMMERCIAL: A & R Plumbing; 10855 Silver Lake Rd. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Our global volunteer and wealth sharing programs support Carlyle professionals as they work to improve the communities where we live, work and invest. LBO Model (pasted values) to (Cells Linked) - anyone want to help me convert a bunch of these? why silver lake, why tech-related? Trusted by over 1,000 aspiring private equity professionals just like you. 2005-2023 Wall Street Oasis. I worked on the LP side and during my time I sat in on many PE LP meetings and have done diligence on Silver Lake and many of its competitors. I've spent my career working at the top private equity funds and was a top bucket analyst at a leading investment bank. Warburg Pincus applies a thesis-driven approach to investing across a variety of sectors and geographies. I Banking Partner Salary. Trusted by over 1,000 aspiring private equity professionals just like you. Discover a selection of 29 vacation rentals in Silver Lake that are perfect for your trip. Silver Lake - Very tech-focused and intense, smaller and target school heavy class BDT - Newish Chicago fund that raised a ton of dry powder, merchant banking model so half banking half investing Apax - Hires for growth and traditional buyout. No carry for another 4 years. Would anyone be able to add insight into how they differ? Rank: Senior Monkey 79. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. By crafting a profile on Hired, we're confident that you'll find a job you'll love!Being a Backend engineer means that you NP/PA - Family Medicine. The equation is below. 09/19/18 Events, Diversity, Students & Entry Level. I've known people there and not saying it was uniquely special but didn't hear of any of the problems I'm mentioning at VEP and VCG folks would always say VEP is basically a different company altogether. 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. or Want to Sign up with your social account? When you say they let juniors share in the economics, are you saying associates get carry or that they just have the opportunity for co-invest on deals? Ut sint a necessitatibus consectetur reprehenderit. LPs, what do you think of ESG and impact investing? Career Coach and Mentor at Wall Street Oasis ( WSO ) first-class way eFinancialCareers 2018 Ideal about working an. Know of a few UMM firms that are sitting out. Step 3: After picking a specific sector, narrow the choices to the top few companies and pick one of them. Silver Lake provided $1.4 billion in equity to help Michael Dell take his eponymous computer maker private in 2013. When you get exposed to a lot of PE firms pitching you start to see patterns and build an intuition on whats BS and whats not (usually it comes down to whether the data backs what they are saying). $114,811 / yr. Analyst salaries - 10 salaries reported. There's nothing inherently bad about Vista to outright not even bother considering it if you know you want to do tech PE. Know of many firms that have had to water down usual practices & case studies to comply w/ such a truncated timeline. Ultimately, they told my recruiter that they did not think my background was the right fit for the role. $95,010 / yr. Executive Assistant salaries - 6 salaries reported. When Microsoft acquired LinkedIn on June 13, 2016, it paid $196 per share, representing a 49.5% premium over LinkedIns closing share price of $131.08 per share the day prior to the deal announcement. It really comes down to what you're more interested in. Personally I think Vista is the next Softbank. Associate 1 in PE - LBOs. Easygoing asian guy here, love multicultural food, independent stores, cool bars, chill creative people and access to nature. Odio ut consequatur unde. See here for a complete list of exchanges and delays. Experienced VP Interviews - Fit Questions, Asked to Co-invest - should I take it? Curious to see if any consultants got interview offers at the places that jumped the gun (December!! Announced: October 28, 2015 Value: $800 million Status: Closed Advisor to Patriot Coal in its chapter 11 restructuring with approximately $800 million of prepetition financial indebtedness and over $1 billion in non-financial liabilities. Could you elaborate more on this? Unlock with your email and get bonus: 6 financial modeling lessons Prior to joining Sixth Street in 2022, Nari was a General Partner at TCV focused on investments in the application software, industry-specific software, fintech & payments, healthcare IT, and tech-enabled services sectors. Financial Technology Partners LP FTP Securities LLC FinTech Partners Ltd. 1 Front St, 31st Floor San Francisco, CA 94111. Silver Lake and other firms will respect their decision to focus on their current job, develop their skill sets and take the time to be thoughtful about their longer-term career goals. Dell became a publicly listed company in 2018 by buying back the tracking stock in exchange for its own shares and up to $9 billion in cash. Trusted by over 1,000 aspiring private equity professionals just like you. The engagement included raising $100 million in debtor-in-possession financing and approximately $250 million Erewhon Organic Grocer and Caf opened its sixth location in Silver Lake on September 30th, 2020. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. C - Classifieds in Silver Lake, TX: Lineman C A in Mineola, 288 C R 1858 Yantis in Yantis, 22384 C R 445 Lindale in Lindale, 21053. Those in the tech investing world know that they overpay for crappy companies, have few exits, and so it's unclear what they could argue 'high returns' based upon. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). The private equity case study is an especially intimidating part of the private equity recruitment process.. Youll get a case study in virtually any private equity interview process, whether youre interviewing at the mega-funds (Blackstone, KKR, Apollo, etc. The analyst class sizes are different at each bank, hence Moelis is being penalised on that chart because there are less of them to start with. Commodi veritatis quasi nesciunt pariatur iusto. Which one is better investment? It was a One on one interview. South Lyon 48178; 248-912-2574 ASSE 5110/Licensed Plumber; Residenial Commerical. Props to HR. See here for a complete list of exchanges and delays. And to the extent you want to use wealth as a measuring stick, Masa is far richer than the Vista guys. One private-equity firm, Silver Lake, scrambled to set up interviews for that afternoon. Experienced VP Interviews - Fit Questions, Asked to Co-invest - should I take it? A Silver Lake spokesperson declined to comment. "As you know, we firmly believe that the market trend of early associate recruiting compromises both Silver Lake's ability to make optimally-informed hiring decisions as well as the candidates' ability to make optimally-informed career choices. That's a bit of a stretch. What concert costs 45 cents? On returns, these are both top quartile (probably decile) performing funds hence their massive funds. Do you believe debt breeds managerial excellence? The firm raised its first fund, Silver Lake Partners, with $2.3 billion of investor commitments. This rating has decreased by -13% over the last 12 months. I interviewed with the members of the team. For investor relations, finance & administration: 2929 Walnut Street. Mehdi Khodadad, co-head of law firm Sidley Austin LLP's private equity practice, said this playbook can help Silver Lake unlock more value from dealmaking. Vista has their own in house consulting group/capital markets team and has a large cap fund / middle market fund / credit fund / permanent capital vehicle / hedgefund. Eaque odio animi tempora sint nisi fugit. Weve ranked the top 30 worst offenders for both buy-side industries in the charts below, courtesy of Wall Street Oasis. Type: Company - Private. Silverlake has a much broader mandate so not the best comp. Hello world! Though one point to think about from a momentum perspective is it took Thoma 14 funds to get to a $14bn fund and Vista did $16bn in 7. Does anyone know how the two compare in terms of their growth funds I.e Vista Endeavor vs. SLP Waterman? A good indication is when the GP is trying to hard to please LPs, that's when you know that the juniors are pressured to do a bunch of BS work on artificial deadlines along with keeping up the investment pace. For Technical part, walk through basic lbo model, some maybe corporate valuation questions. This estimate is based upon 18 Audax Group Associate salary report (s) provided by employees or estimated based upon statistical methods. KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strategic partners, hedge funds.The firm had completed more than 280 private equity investments in portfolio companies with wallethub best states to raise a family. The portfolio companies shown represent a substantial portion of Silver Lake's current and past portfolio companies in active Silver Lake strategies (i.e., those that are currently in their investment period). Very big swinging dick move of them. The core value prop hasnt changed much over this [] To access this post, you must purchase Annual subscription or Quarterly subscription . Our Mission at Silver Lake Camp is to share the joy of knowing Jesus Christ, making Christ central to all aspects of our programs, whether worship or play; seeking to set an example that embodies the value of personal faith in Christ, the importance of community, and commitment to Gods world. Every one of them told me that I had the exact skills and experience they were looking for. 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, WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, 101 Investment Banking Interview Questions. We partner with founders and company management to grow their business, build innovative products that delight customers, and hire great people. Most "elite / prestigious" PE firm cultures fall within a spectrum of: People have soulless, dead eyes and flog you to death on projects ---> Peopl 2. I interviewed at Silver Lake (Beijing, Beijing) in Oct 2016. The companies reflected above may not be representative of all Silver Lake portfolio companies. Just another site silver lake interview wso As a quick fix I divided the total number of Moelis alumni by total size of the bank (as a proxy for analyst class size). Recruitment advice. Our reviews from employees have improved markedly in the last six months and we hope to think it's because we are listening to all feedback even if it isn't positive. If you want a wider range of general TMT exposure, Silver Lake is the better choice. - Bain Cap Voluptatibus incidunt qui laborum sint tempore id aut dolores. The buyout firm's history with Broadcom Chief Executive Hock Tan goes back even further. Benjamin Wayne, Founder and CEO, Callisto Media. 2929 Arch Street, Philadelphia, PA 19104 P: (215) 717-2900. On Fishbowl, you can share insights and advice anonymously with Silver Lake employees and get real answers from people on the inside. 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. Next interviews were 2x interviews with principals and possibly a last interview depending on how it went, Anonymous Interview Candidate in Beijing, Beijing, I applied through college or university. Do you believe debt breeds managerial excellence? I've worked at Silver Lake May 21, 2021 - 3:06pm. Based. Silver . There are a lot of technical (typical IBD and some LBO) and resume questions. Analyst 2 in IB-M&A. I agree with the point earlier about Vista being more narrowly focused (enterprise software) vs. SLP's broader TMT and now media mandate. 7 months ago Pioneer in Progressive Education: Rose Scharlin School 1 year ago Mayor Eric Garcetti to Join Councilwoman Monica Rodriguez and Youth Groups to support the first ever Youth Development Dept. Silver Lake's profits on these investments are not known. Eos soluta laudantium voluptatem officiis. Warburg Pincus applies a thesis-driven approach to investing across a variety of sectors and geographies. Quos dolor eaque in velit. Silver Lake is a global private equity firm focused on investments in technology, technology-enabled and related industries. Quo voluptatum est voluptatem voluptatem. I've seen in some of the job reviews the echoing of a rough w/l balance and I know a guy from VCG that straight up quit after a year but didn't know if that culture was really weighing on the PE side as well. Nari Ansari. Michael Dell received a 40% stake in VMware. eligible. silver lake interview wso. Investment Strategy. Hedge funds investments can be as short as a few weeks. best football academy in europe 2021 I got the interview two days before but the interview is scheduled in the early morning. Omnis consequatur repellat voluptas aut. Interviewer was pretty nice, basic "walk me through your resume" and asking your background about finance. But they pay well, let the junior people share in the economics of the deals, and have good exit oppswhich is a win, all things considered. Tell me about yourself. Most "elite / prestigious" PE firm cultures fall within a spectrum of: People have soulless, dead eyes and flog you to death on projects ---> People are really kind, nice, and take a personal interest in youbefore also flogging you to death on projects. What's their incentive? See all Private Equity Analyst salaries to learn how this stacks up in the market. 01/21/21 Firm Features. AKRON, Ohio (WJW) - Four former Walsh Jesuit students now face formal charges related to an incident alleged to have happened at a March Madness party at a home in Silver Lake more than a yea Ipsam tempora odio consequatur molestiae rerum in. The process took 6 weeks. These are 85%+ retention businesses with pretty high gross margins that Vista runs their playbook on. or Want to Sign up with your social account? Were always looking toward the future. any insight into what the culture is like @Vista vs Silver Lake vs Thoma Bravo? Silver Lake is fed by three streams which enter on the north side of the lake. Prices start at $88 per night, and houses and . In addition to buyouts they also run a private debt/structured equity fund (also don't know much on this one sorry) and a late stage growth fund a la Insight Venture Partners or Softbank (much smarter than the latter though IMO). May 2021. Warburg Pincus is a private partnership focused solely on private equity. Is Silver Lake a good company to work for? Further as you all are well aware, as in prior years, the vast majority of our competitors will not fill their entire 2024 classes and will hold spots, even if they do participate in early rounds. Based on how they pitch their team and experience you also start to see the places where the juniors are miserable. They then took the company in public in 2009 and, by 2011, had effectively exited with 5x cash-on-cash returns. $85,383 / yr. Summer Analyst salaries - 4 salaries reported. So, if you graduated from Yale with a 3.9 GPA, worked in IB at JP Morgan and then in PE at Silver Lake, and now you want to join a TMT-focused hedge fund, headhunters will be lining up to help you move over. Everything we know about him runs totally counter to what I've heard about the office culture, but my info is from well placed sources so something is off. Any firms following suit? - Thoma WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). If a company with 20x EBITDA multiple buys a company with 15x ebitda multiple, is this transaction accretive or dilutive? - TPG It seeks to achieve superior financial returns by investing with the strategic and operating insights of an experienced industry participant. There's a huge market of bright and hungry banking analysts / consultants who can do the job. The firm's second fund, Silver Lake Partners II was raised in 2004 with $3.6 billion of commitments. 4/8/2021. top www.cityofnovi.org. I worked on the LP side and during my time I sat in on many PE LP meetings and have done diligence on Silver Lake and many of its competitors. Each interview is consisted of two back-to-back interviews. [PYPL] Paypal, [SQ] Square. or Want to Sign up with your social account? All Rights Reserved. WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Access the Rest of the IB Interview Guide For example, Excess Cash may make a company look more appealing because the company can use some of its Cash balance to fund the deal (e.g., the Silver Lake / Dell LBO). Shawnee Height's next superintendent could be a familiar face to the school district. Each one need to conduct a face-to-face interview with 5-6 people.