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How to Start a Private Equity Firm – and Why You Probably Shouldn’t

Brian DeChesare

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. Starting a private equity firm is a bad decision for ~95% of people who work in the finance industry. Degrees such as an MBA or a Ph.D.

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The Financial Sponsors Group: Masters of the Financial Universe, or Exit Opportunity Mirage?

Brian DeChesare

According to some, you do almost no modeling or technical work in this group, and it’s one of the easier jobs in IB, similar equity or debt capital markets. But if you read other accounts, FSG runs models, Analysts get hands-on technical work, and the hours could be longer and more stressful because your clients are private equity firms.

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Good Intentions, Perverse Outcomes: The Impact of Impact Investing!

Musings on Markets

Even when you are successful in dissuading these companies from "bad" investments, but may not be able to stop them from returning the cash to shareholders as dividends and buybacks, rather than making "good" investments. trillion of cumulated enterprise value at fossil fuel companies. in the 1998-2010 time period to 5.95

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M&A Terms Every Business Owner Should Know

Class VI Partner

Discounted Cash Flow Value Discounted Cash Flow Value refers to the calculation of a company’s Enterprise Value on the basis of its ability to generate free cash flow over time. EBITDA Multiple EBITDA Multiple refers to the multiple of EBITDA used to determine a company’s enterprise value.

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Power & Utilities Investment Banking: How to Turn Yourself into an Electrified ESG Warrior

Brian DeChesare

Traditionally, the sector was viewed as a defensive play for investors who wanted stable dividends and no drama. Companies tend to offer high, stable dividend yields, and they finance their massive capital expenditures primarily with debt , with the highest leverage ratios of any industry outside of financial institutions.

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