Brian DeChesare

AUGUST 16, 2023

As with investment banking in Hong Kong , I can summarize private equity in China in one sentence: “If you’re not Chinese, don’t even think about it, and even if you are Chinese, it’s best if you have great connections within the CCP and want to stay in China long-term.”

Equity 82

Equity Banking Start-ups Private Equity Firm 82

Brian DeChesare

JUNE 15, 2022

If you look online, you’ll find many threads, articles, and blog posts saying that back office (BO) and middle office (MO) jobs are “the worst” and that if you end up there, your career is over. Yes, if you’re working at a large bank, it’s generally best to be in a “front office” (client-facing) role.

Banking 97

Banking Treasury Start-ups Finance 97

Brian DeChesare

NOVEMBER 15, 2023

I’ve now been writing about finance careers for almost 20 years, and the topic of the CFA for investment banking never seems to die. But earlier in 2023, the CFA Institute announced the biggest changes to the program since it started. Complete a part-time internship at a local private equity firm, venture capital firm, or search fund.

Banking 59

Banking Start-ups Finance Private Equity Firm 59

Brian DeChesare

MAY 11, 2022

There are few topics as heated as age and investment banking. What should I do with my life if I’m too old for banking?”. If you are older than these age ranges and still want to win a traditional investment banking role, you should start by asking yourself, “Why?” Do I have any chance if I’m above the age of X?

Banking 98

Banking Start-ups Finance Private Equity Firm 98

Brian DeChesare

DECEMBER 7, 2022

The first thing to understand about investment banking in Hong Kong is that it’s unlikely you’ll ever be able to work in investment banking in Hong Kong. In the 1990s and 2000s, bankers from other regions could transfer to HK or start their first jobs there without a strong connection to the region or Asian language skills.

Banking 52

Banking Equity Start-ups Finance 52

Brian DeChesare

FEBRUARY 9, 2022

Ask the average student or professional in the finance industry about their long-term career goal, and they’ll usually say, “ private equity mega-funds. ”. They might just mention the names of some large firms, such as KKR or Blackstone, and say that they’ve been dreaming about them since the age of 5.

Equity 53

Equity Banking Start-ups Finance 53

Brian DeChesare

JANUARY 19, 2022

FSG Investment Banking: What the Financial Sponsors Group Does The Financial Sponsors Group vs. the Financial Institutions Group The Financial Sponsors Group vs. Leveraged Finance vs. Debt Capital Markets Recruiting: Who Gets Into the Financial Sponsors Group? Table Of Contents. So what’s the difference?”.

Private Equity Firm 84

Private Equity Firm Banking Equity Finance 84

Brian DeChesare

AUGUST 10, 2022

With the possible exception of FIG , oil & gas investment banking generates the highest number of panicked emails and questions. But before delving into the exit opportunities and the long-term outlook, let’s start with the fundamentals: Oil & Gas Investment Banking Defined. How do I move around?

Banking 94

Banking EBITDA Dividends Equity 94

Brian DeChesare

OCTOBER 12, 2022

If you search for “how to start a private equity firm” online, you’ll find results that range from useless to tangentially useful to occasional nuggets of real wisdom. That said, much of it is better than the junk found on generic websites about how to start a hedge fund. How Does It Work?

Private Equity Firm 59

Private Equity Firm Equity Start-ups Marketability 59

Equilest

FEBRUARY 18, 2023

In the following sections, we'll explore real-world examples in industries such as restaurants, regional banks, and application software. A special interest purchaser in this case could be a larger restaurant group or private equity firm that has a portfolio of similar health-focused restaurants.

Special Interest Purchasers 40

Special Interest Purchasers Business Valuation Private Equity Firm Banking 40

Equilest

FEBRUARY 18, 2023

In the following sections, we'll explore real-world examples in industries such as restaurants, regional banks, and application software. A special interest purchaser in this case could be a larger restaurant group or private equity firm that has a portfolio of similar health-focused restaurants.

Special Interest Purchasers 40

Special Interest Purchasers Business Valuation Private Equity Firm Banking 40

Value Scout

FEBRUARY 24, 2023

Private equity firms provide meaningful investment capital to growth-oriented businesses. Unlike venture capital firms, they do not invest primarily in start-ups. Businesses seeking expansion, change of investors, or even exit may benefit from private equity firms.

Private Equity Firm 52

Private Equity Firm Equity Start-ups Dividends 52

Brian DeChesare

MAY 15, 2024

Private equity value creation came on my radar a few years ago when I noticed something: Even though traditional PE deal roles were not doing well, “operational” or “value creation” teams still seemed to be recruiting. What Does the Private Equity Value Creation Team Do in Real Life?

Equity 104

Equity Private Equity Firm Start-ups EBITDA 104

Brian DeChesare

APRIL 5, 2023

I’ll address all these points here and cover the advantages and disadvantages of SWFs, but let’s start with the definitions and overview: What Are Sovereign Wealth Funds? Others operate more like funds of funds and delegate much of the investing process to private equity firms, hedge funds, and other asset managers.

Equity 59

Equity Start-ups Private Equity Firm Banking 59

Brian DeChesare

APRIL 10, 2024

Amidst the miserable deal environment of the past few years, there has been one bright spot: sports private equity. Even as deal activity, fundraising, and exits have slowed everywhere, billionaires and PE firms backed by billionaires continue to acquire and invest in sports teams. only a handful a decade ago).

Equity 95

Equity Private Equity Firm Start-ups Accounting Firms 95

IT Valuations

MARCH 1, 2021

For many tech owners we talk with, we hear a similar story and dream: Start a small tech firm. The journey to eventually selling your tech firm can be a long one, full of some highs, such as celebratory moments where growth goals are achieved, people are hired, and milestones are met. Click here to get started.

Private Equity Firm 40

Private Equity Firm Technology Start-ups Equity 40

Brian DeChesare

SEPTEMBER 6, 2023

Private equity was viewed as a “lightly regulated” industry for a long time. Only wealthy individuals and institutions could invest, so governments cared less about PE firms than commercial banks and brokerages. You can read all ~660 pages of the new “Private Fund Rule,” but the SEC’s summary is more than enough.

Equity 101

Equity Finance Private Equity Firm Banking 101

Brian DeChesare

MAY 17, 2023

Ever since the 2008 financial crisis, there has been massive hype about both private equity and technology. Over the past few decades, technology private equity has gone from “barely existing” to representing the largest single sector in PE by both deal value and deal count. Why Did PE Firms Start Buying Tech Companies?

Equity 64

Equity Technology Private Equity Firm Start-ups 64

Brian DeChesare

MAY 10, 2023

I’ve found that two main groups care about investment banking in Singapore : Students who are from Southeast Asia and are considering whether they want to work in Singapore, NY, London, or other places. It’s just that it’s smaller than you might expect, which means a lower investment banking headcount than true financial centers.

Banking 103

Banking Start-ups Equity Marketability 103

Reynolds Holding

DECEMBER 18, 2023

In a new paper, I use an empirical case study to find that unlike its namesake of a bank run, the risk that a partner run will pose a systemic threat to the legal profession on an institutional level is likely negligible. Of ex-Dewey partners, half remain partners in an AmLaw 100 firm.

Private Equity Firm 59

Private Equity Firm Start-ups Debt Financing Banking 59

Brian DeChesare

JULY 26, 2023

But over the years, they morphed into a well-known topic and then a commonly derided topic – as many people argue that search fund experience is worthless, while others claim it’s “just as good” as working in banking or private equity. At the MBA / experienced level , it helps if you want to start your own search fund later.

Banking 52

Banking Equity Start-ups Private Equity Firm 52

Brian DeChesare

FEBRUARY 15, 2023

When it comes to investment banking in Australia , it’s easy to find complaints online. These complaints center on a few aspects of the banking industry there: Recruiting – People often claim that it’s much more difficult to win interviews and job offers, that nepotism is widespread, and that there aren’t many “side doors” into finance.

Banking 97

Banking Finance Equity Start-ups 97

FE International

APRIL 13, 2022

At the lower end of the market, individuals are still leaving their jobs to buy businesses and, at the higher end, institutional investors and private equity firms have more capital available than ever before. cash on hand, committed investors, silent partners and other bank financing). Industry Overview.

Private Equity Firm 52

Private Equity Firm Equity B2C Start-ups 52

Brian DeChesare

FEBRUARY 22, 2023

Sell-Side Definition: In the finance industry, “buy-side firms” raise money from institutions and wealthy individuals and invest on their behalf, profiting from management fees, performance fees, or both; “sell-side firms” earn money from commissions charged to facilitate deals and to sell, market, and trade equity, debt, and other securities.

Finance 129

Finance Marketability Banking Corporate Finance 129

Brian DeChesare

JUNE 1, 2022

The power & utilities investment banking team has a reputation for being “boring.”. But over time, trends like market liberalization, deregulation, the shift to renewables, and the ESG religion “movement” have shaken up a sleepy sector. ” Different banks classify their power & utilities groups differently.

Banking 98

Banking Equity Book Value Capital Structure 98

Brian DeChesare

MAY 25, 2022

You’ll almost always have to deal with private equity headhunters if you want to win offers at mid-sized-to-large private equity firm s. I’ll cover all those points here, but let’s start with the short version of what to know about private equity headhunters: The TL;DR About Private Equity Headhunters.

Equity 52

Equity Private Equity Firm Start-ups Banking 52

Class VI Partner

JULY 28, 2021

Start with this exit checklist. Balance Sheet A Balance Sheet is an accounting record for a company that lists a company’s assets, liabilities, and shareholders’ equity. Cap tables do not include debtors to the business, only those who have some equity (like shares in a corporation, or membership interest in an LLC).

Book Value 52

Book Value Equity Enterprise Value Fair Market Value 52

Reynolds Holding

OCTOBER 4, 2022

But the already complex business calculus has become increasingly complicated in the past several years because of stepped up scrutiny of mergers by regulators that has made outcomes less predictable. One cautionary note: There is a tendency to go right to the size of the reverse termination fee at the start of M&A discussions.

Start-ups 45

Start-ups Private Equity Firm Marketability Banking 45

Valutico

MAY 6, 2024

These multiples are applied to target company’s latest financials such as revenue, earnings and book value of equity to arrive at an estimate of enterprise value or equity value. Discounted Cash Flow (DCF) Analysis The DCF method starts by forecasting the future cash flows of the business or asset being evaluated.

Discounted Cash Flow 52

Discounted Cash Flow Precedent Transaction Analysis Weighted Average Cost of Capital Comparable Company Analysis 52

Musings on Markets

OCTOBER 4, 2021

Since so much of Paytm’s success has been driven by the rise if smart phone usage among Indian consumers, and the concurrent rise in mobile payments for goods and services, I will start with a review of that rise, before looking at how Paytm has put itself in position to take advantage of that market shift.

Start-ups 72

Start-ups Banking Marketability Technology 72

Brian DeChesare

JULY 27, 2022

Anyone who’s ever traded stocks can understand long/short equity , and even simple global macro trades are easy to explain to the average person. To simplify, we can say that credit hedge funds operate in three main areas: Long/Short Credit – It’s similar to long/short equity , but with bonds rather than stocks. See the example above.

Equity 52

Equity Start-ups Private Equity Firm Beta 52

Reynolds Holding

MAY 2, 2023

Advisers now report more than $25 trillion in private fund gross asset value [2] amongst tens of thousands of funds. [3] 3] The reported assets surpass the size of the total $23 trillion banking sector. [4] 5] This represented 20-25 percent of the then $4-plus trillion banking sector. [6] percent (annual management fee) and 20.3

Treasury 45

Treasury Equity Marketability Banking 45

Brian DeChesare

APRIL 19, 2023

Metals & mining investment banking used to be a “sleepy” group. The good news is that if you work in mining IB, and your clients produce the cobalt, copper, or lithium that ends up in EV batteries, you can feel good about saving the world. The metals & mining team’s classification varies based on the bank.

Banking 52

Banking Start-ups Private Equity Firm Equity 52

Brian DeChesare

OCTOBER 11, 2023

While people obsess over investment banking and private equity, other sectors within finance, such as commercial real estate (CRE) , often go ignored. That’s a shame because “how to get into commercial real estate” is a much easier question than “ how to get into investment banking ” for many people.

Banking 91

Banking Private Equity Firm Start-ups Equity 91

ThomsonReuters

JUNE 7, 2021

Reporting on your performance in relation to these ESG metrics can help you better manage your risks—through proactive compliance and enhanced disclosures tailored to your business—and address threats before they crop up. This heightened scrutiny isn’t likely to let up anytime soon. 1) New administration and ESG.

Compliance 98

Compliance Start-ups Private Equity Firm Finance 98