Private Equity
On-cycle recruiting and why PE hires from banking, the deal-modeling test sequence, and the fee-plus-carry economics that shape what a PE firm optimizes for.
In this module
On-cycle recruiting and why PE hires from bankingThe on-cycle/off-cycle timeline, why it keeps moving earlier, the ethics fight it's created, and the actual mechanism behind "PE recruits from IB"Deal-modeling tests and technical prepThe paper LBO, the timed modeling test, and the case study, in the order a real process actually uses themFund economics — fees, carry, and what PE optimizes forManagement fee plus carried interest, the hurdle-rate waterfall, and why that structure pushes a PE firm toward different decisions than a hedge fund makes