Yeah, SLP and Warburg went already. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Sorry, you need to login or sign up in order to vote. Silver Lake was founded in 1999, at the height of the late 1990s technology boom to make private equity investments in mature technology companies as opposed to the startups pursued actively by venture capitalists.Among the firm's founders were Jim Davidson who had led the Technology Investment Banking business at Hambrecht & Quist; David Roux who had an operational and entrepreneurial . They also pulled billions from some of the most sophisticated institutional money allocators in the world and Masa has certainly made enough good calls beyond just Alibaba. For example, business-to-business (B2B), business-to-consumer (B2C), energy and healthcare are all well-established industries that represent the breadth of the term. Is SL a generalist program? GLG's experts include asset Any info on responsibilities and career progression would be appreciated, i.e. You must be able to articulate the value you offer to the firm. The Ultimate Job Interview Preparation Guide. I know they mostly do late stage deals and had some bad investments (like Thrasio) and deployed a lot of money at the peak of the bubble, but apparently they are in the market for fund VII at 25B so if they're able to raise the money it'll be interesting to deploy it and take advantage of lower valuations. We will, however, use this time to hold several marketing events in order to provide this cohort with the opportunity to learn more about Silver Lake. ), middle-market funds, or smaller, startup funds.. It's kind of silly to try and debate which is better, these are both two of the best technology PE firms on the planet with top quartile returns since inception. Silver Lake is a leading global technology investment firm, with more than $88 billion in combined assets under management and committed capital and a team of professionals based in North. If culture is your focus LMM / MM should be the target. Agenda 3 1 2 3 M&A Overview M&A Process Accretion / Dilution 4 5 Silver Lake / Michael Dell Management Buyout of Dell Case Study (contd) $10.00 $11.00 $12.00 $13.00 $14.00 $15.00 We have seen how hard this week, and longer, has been for the Black American community and other people of color, and we are aching as we watch injustice after injustice unfold. Experienced VP Interviews - Fit Questions, Asked to Co-invest - should I take it? Nari focuses on growth investments in the software/SaaS and B2B tech sectors. July 4, 2022 blackstone analyst salary wsodispensary manager job descriptiondispensary manager job description Two part interview consisting of technicals and fit. Silver Lake Chairman Ken Hao helped recruit Tan the following year to run the company. Strategy. Repudiandae ut accusantium fugit consequuntur eveniet. Qui cupiditate mollitia alias atque omnis. You're right about Vista and the differences with SoftBank, but wrong about Softbank and the VC model. For over 15 years, the Sumeru team has combined technology investing and operating expertise in a highly integrated approach to helping our portfolio companies scale successfully and sustainably. Eos soluta laudantium voluptatem officiis. transform and grow companies. With years of transaction experience on some of the largest transactions in history, we bring our unique approach to your firm to maximize value to your shareholders. 9 Detailed LBO Modeling Tests and 15+ hours of video solutions. Is Silver Lake a good company to work for? - Carlyle 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? Step 1: Do a high-level screen of companies in these 3 sectors based on industry, Equity Value or Enterprise Value, and geography. Step 3: After picking a specific sector, narrow the choices to the top few companies and pick one of them. 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. I Banking Partner Salary. Analyst 2 in IB-M&A. Anonymous Interview Candidate in Hong Kong, I applied online. Today, we remain singularly-focused on capturing the opportunities in this market. The process took 6.5 weeks. WSO depends on everyone being able to pitch in when they know something. Interviews at Silver Lake Experience Positive 70% Neutral 30% Getting an Interview Campus Recruiting 44% Recruiter 33% Employee Referral 11% Difficulty 3.3 Average Hard Average Easy Interviews for Top Jobs at Silver Lake Summer Analyst (3) Investor Relations Associate (1) Private Equity Analyst (1) Business Analyst (1) Were always looking toward the future. The interview was pretty straightforward and was about 20 mins. Join us for the 2021 Silver Lake Award Celebration to honor Valerie Tutson, 2020 Silver Lake Award recipient. When it comes to B2B Enterprise Saas, Thoma Bravo seems to have a more sophisticated playbook / better returns than Vista. Silver Lake Waterman provides growth capital, via a proprietary growth debt product, to later-stage growth companies in technology and technology-enabled industries. In September 2020, it was announced that Silver Lake was having negotiations to invest over $1 billion in Indian retail company Reliance Retail. Certain portfolio companies among the active strategies have been excluded for a variety of reasons such as, but not by limitation . LPs, what do you think of ESG and impact investing? Silver Lake is diverse, eclectic, and above all, authentic. Request Free Trial. Silver Lake's profits on these investments are not known. On returns, these are both top quartile (probably decile) performing funds hence their massive funds. 81% of employees would recommend working at Silver Lake to a friend and 74% have a positive outlook for the business. You'd be #blessed to get a job at either of these firms and would have amazing career opportunities afforded to you if you ever decided to leave them. I interviewed at Baird. Clearly pressure generated from HHs wanting to one-up their competitors; that or collusion amongst themselves to further concentrate the industry's reliance on HH firms (knowing that buy-side firms lack internal resources for their own management & that they must either comply or sit out), HH is theoretically by nature a sporadic and need-driven role. Silver Lake continues to be Dell's second biggest shareholder with a 12.8% stake. The firm raised its first fund, Silver Lake Partners, with $2.3 billion of investor commitments. - Vista This timeline is crazy this year. Silverlake has a much broader mandate so not the best comp. Nearly 20 years later, a $200bn+ PayPal commands 5x eBays market cap. Also, if the market for a lower/upper middle market/megafund associate is x in cash comp, what makes you think any fund would pay you substantially more than x cash comp, especially in a precious tax-advantagedcurrency important for retaining the people who actually source the deals and have relationships in the industry and the portfolio companies? Silver Lake is a 104.3 acre lake with a maximum depth of 51 feet and average depth of 24 feet. As you can see, the work hours at hedge funds drop off considerably once you get past the top 10. Headhunter reached out, followed by a 1hr modelling test, followed by 3x30min interviews with 3 associates (personal, technical, commercial). Quos dolor eaque in velit. Voluptatibus incidunt qui laborum sint tempore id aut dolores. Softbank is basically taking the "what could you accomplish if I gave you 5-10x the amount you're asking for" VC approach, often with visionary founders hawking unprofitable unit economics from the get go that don't scale unless they manage to develop a technology that doesn't exist. Avago also took Broadcom's name. ", This is the way. - Bain Cap waterfront concert seating; university orthopedics locations; hoi4 carlist spain which king 101 Investment Banking Interview Questions, Certified Hedge Fund Professional - Investment Analyst, Certified Private Equity Professional - 2nd Year Associate, Fundamentals of Credit and Credit Analysis, Net International Investment Position (NIIP), https://www.wallstreetoasis.com/resources/skills/economics/tragedy-of-the-commons, Certified Investment Banking Professional - 1st Year Analyst, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat April 1st - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat May 20th - Only 15 Seats, 2,447 questions - 203 PE funds. I applied through college or university. Drawing on our extensive professional network, industry expertise and dedicated research team we are able to quickly identify the right people for your organisation. 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. SLP typically only really interviews 2-4 people at top groups at GS, MS, EVR, etc. Rank: Senior Monkey 79. Our global volunteer and wealth sharing programs support Carlyle professionals as they work to improve the communities where we live, work and invest. Warburg Pincus applies a thesis-driven approach to investing across a variety of sectors and geographies. 9 Detailed LBO Modeling Tests and 15+ hours of video solutions. The idea is that private equity general partners get to participate in the profits of invested capital beyond a pro-rata level. Ipsam tempora odio consequatur molestiae rerum in. Silver Lake provided $1.4 billion in equity to help Michael Dell take his eponymous computer maker private in 2013. Opens the Fishbowl by Glassdoor site in a new window. 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. 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. 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).