LLR Partners

LLR Partners | Private Equity Tracker Profile

LLR Partners is a private equity firm based in Philadelphia, Pennsylvania. The firm provides capital to middle market growth companies in a broad range of industries. With over $1.4 billion under management, LLR is flexible in its approach, investing up to $100 million, taking minority or majority positions, and leading transactions ranging from expansion and growth capital to shareholder recapitalizations and buyouts. LLR is currently investing out of its $800 million 3rd fund.

Story #1: Managing Director of LLR Partners talks about deal structuring.

The lack of leverage available to buyout firms has forced many private equity groups to change their investing approach. Christian Bullitt, the director of business development for LLR Partners, explains that more flexible private equity firms have an advantage in the current market. Specifically, those firms that are comfortable with a minority stake in a company rather than a controlling interest are better adapted to make deals in the credit crisis.

Read more and watch the video here.

Popular private equity articles:

Tags: Private equity LLR Partners, LLR Capital Partners, LLR Partners Christian Bullitt, LLR Private Equity Firm, Buyout LLR Partners, Minority LLR Partners, LLR Partners investing

Link to This Resource: LLR Partners

http://privateequityblogger.com/2007/07/llr-partners.html

Better Business Plan

An impressive business plan is key to attracting investors, here are Forbes' ten critical components to a good business strategy.

A cover sheet and table of contents: Include all the obvious like your company's name, contact info, and a outline of what to expect in the proposal.
Executive Summary: communicate all the key elements of your proposal, and for the potential investors explain how much money you want and how you will use it.
Market Opportunity: Explain the product or service you are selling, and the buyers you target.
Industry Analysis: Introduce your competition in the industry and argue why your business will succeed against competitors.
The Team: This section should present profiles of your business's founders, partners or officers that shows investors the skills and qualifications each member of your business possesses.
Business Model: Cover the operational structure of your business, from revenue sources (advertising, product sales, etc.) to the cost structure (salaries, rent, maintenance etc.). Explain why these costs are necessary.
Financial Projections: Offer a detailed first year income statement, balance sheet and cash flow statement. A good idea is to include these three elements for three years beyond that. Also, give a "break-even analysis" that shows how much revenue is needed to cover the initial investment.
Stress-Test the Projections: Give worst-case, average-case and best-case scenarios of how your business could fare, so you can be financially prepared.
Sources and Uses of Funds: Tell investors how you plan to spend their money and why you need the money. Startup companies often make the error of underestimating expenses, be realistic and research any possible startup costs.
Appendices: Finish your business plan with a supporting documents such as resumes, industry data, credit histories and any relevant information that doesn't belong in the basic outline of your business.

Full Forbes article.

Link to This Resource: Better Business Plan

http://privateequityblogger.com/2008/07/better-business-plan.html

Electra Private Equity

Electra Private Equity PLC | Private Equity Profile

The following piece is part of our effort to provide profiles of as many private equity firms as possible through the Private Equity Tracker Tool. Electra Private Equity is one of Europe's oldest listed private equity firms. Michael Stoddart founded the group in 1976 as Electra Investment Trust.

Story #1: Electra Private Equity Refinances Debt to Boost Balance Sheet

One of Europe's oldest listed private equity firms has refinanced its debt, strengthening its balance sheet ahead of a looming debt deadline next year. The move is the latest example of a quoted buyout fund strengthening its capital position. U.K.-based Electra Private Equity (ELTA.LN) Monday said it would refinance its GBP250 million (EUR290 million) credit facility which was due to expire in September 2010. Electra has replaced the facility with GBP187 million of debt which expires in January 2013 on undisclosed terms.

It will also issue GBP60 million of preference shares which do not pay a dividend, in a process run by JP Morgan Cazenove. Electra is the latest listed private equity firm to strengthen its balance sheet following rights issues by 3i Group PLC (III.LN) and Intermediate Capital Group (ICP.LN). Source

Nordwind Capital

Nordwind Capital | Private Equity Tracker Profile

The following piece is Nordwind Capital is a private equity firm that invests primarily in German-speaking European companies. The following piece on Nordwind Capital is being published as part of our Private Equity Tracker Tool, our daily effort to track private equity firms in the industry.

According to the firm's website, "Nordwind Capital acquires stakes in companies with significant earnings improvement potentials which are headquartered in German-speaking Europe (D, CH, A). We are convinced that operational experience and a deep understanding of the operational issues facing our portfolio companies are an essential prerequisite for the success of our transactions. All of Nordwind Capital's partners therefore have significant operational experience, gained from leading positions in several large German companies in a broad range of industries."

Story #1: Nordwind Capital-- A Cautionary Tale of Private Equity

As a Harvard Law School graduate, Hans Albrecht must have found it particularly painful when the university’s endowment was among investors that blocked a deal by Nordwind Capital, the German private equity firm he founded. When a private equity group raises a fund, investors make legally binding commitments to provide the money when the group finds investment opportunities. There are heavy penalties for any investors that fail to meet these commitments.
However, in the case of Nordwind, investors – including Harvard and Yale – objected to a deal they were being asked to finance. Nordwind’s heavy investment in the US went against the fund’s strategy of investing in German-speaking countries. This suited the Harvard and Yale endowments, which provided a significant part of its first fund. But they have since suffered big losses across their portfolios, much of which was ploughed into illiquid assets such as private equity.
As the flow of returns from private equity investments slowed to a trickle last year, investors have found it harder to honour their commitments. Many of them have become much tougher with the private equity groups they back, and have privately requested that they not be called on for capital for new deals and in extreme cases have defaulted on commitments. (read more)

Silver Lake Partners LP

Silver Lake Capital Partners | Private Equity Profile

The following profile for Silver Lake Capital Partners is part of our on-going effort to follow the top private equity firms with our Private Equity Tracker Tool. Silver Lake Partners is considered the biggest private equity firm focused on technology. The firm has an estimated $14 billion in assets under management.

Story #1: Silver Lake CEO Estimates Next "Golden Age"

The CEO of Silver Lake, a large private equity firm focused primarily in technology and growth industries, has a rosy prediction for the near future of private equity. Silver Lake CEO and co-founder, Glenn Hutchins, forecasts "The financial markets may be on the cusp of a new 'golden age' for private equity."

The financial crisis which has brought ruin to many private equity firms and their portfolio companies may now be ending as credit markets open up and the stock markets recover. Hutchins points out some important and promising indicators but he does not provide a clear explanation for why it will be a "golden age" rather than simply a return to average private equity activity. After all, even a very modest recovery in the industry will be seen as a significant improvement but it would still fall short of the boom a few years back.

Story #2: Silver Lake Partners is Debating Buying Tandberg ASA

Silver Lake Partners LP is weighing a purchase of Tandberg ASA, a Norwegian maker of teleconferencing equipment, the Wall Street Journal reported Friday, citing sources familiar with the matter.
The deal likely would value Tandberg at more than $2 billion if Silver Lake paid a typical premium to the company's current stock price, the paper said. Silver Lake, a Menlo Park, Calif., and New York private equity firm specializing in technology deals, came close to buying Tandberg but back away when the economy deteriorated last fall, the Journal said. Source

Story #3: Managing Director of Silver Lake Partners Speaks on Outlook

(June, 2009) Silver Lake Partners' Managing Director, Charles Giancarlo, spoke on Bloomberg News about the outlook for private equity, giving his view from a technology investor's perspective.

Giancarlo was expected to lead Cisco but chose instead to work with Silver Lake Partners. He believes that new inventions and technologies will lead the economic recovery. He says what most commentators have said, that private equity deals will be back but with significantly less debt. About halfway through the video Giancarlo gives a very clear explanation for why private equity firms aren't doing deals despite very low equity values.
Watch the video of Charles Giancarlo.

Tags: Silver Lake Private Equity, Silver Lake Partners, Silver Lake Capital Partners, Silver Lake Partners LP, Silver Lake Partners Charles Giancarlo, Silverlake Partners private equity

Link to This Resource: Silver Lake Partners LP

http://privateequityblogger.com/2007/07/silver-lake-partners-lp.html

Fortress Private Equity

Fortress Investment Group| Private Equity Profile

The following profile for Fortress Investment Group is part of our on-going effort to report on the top private equity firms through our private equity tracker tool. For contact details on over 1,000 private equity firms see our Private Equity Directory

Fortress Investment Group is one of the 50 largest private equity firms, according to Private Equity International's rankings. Fortress Investment Group LLC was founded as a private equity firm in 1998 by Wesley R. Edens, a former partner at BlackRock Financial Management, Inc.; Robert Kauffman, a managing director of UBS; and Randal A. Nardone, also a managing director of UBS. Fortress quickly expanded into hedge funds, real estate-related investments and debt securities, run by Michael Novogratz and Pete Briger, both former partners at Goldman Sachs.

Story#1: Fortress Takes $5 Billion Buyout Loss

A new report reveals that Fortress Investment Group has had a pretty rough last half decade. The private equity and hedge fund firm apparently took a $5 billion loss on its private equity funds since 2005. That's more than KKR or Blackstone Group's losses combined...almost $3.5 billion more than both those firms' losses.

Fortress's head of private equity, Wes Edens, decided not to open up a fund last year and will launch a new one in the coming months. But at least one institutional investors has said he won't be investing in Fortress funds unless they can prove better than the most recent private equity funds.

Source

Story #2: Fortress to Select Former Head of Fannie Mae as CEO

Fortress Investment Group (FIG.N), among the largest private equity and hedge fund firms, is expected to name former Fannie Mae (FNM.P) boss Daniel Mudd as its chief executive, the Wall Street Journal reported Friday, citing a person familiar with the matter.
In a surprise move, Mudd, a Fortress director, would replace Fortress co-founder and top stockholder Wesley Edens. Fortress officials were not immediately available for comment.
The appointment would relieve Edens and other top executives of management responsibilities, allowing them to focus on a portfolio hit by the financial crisis and to seek out new investments, the paper said, citing the unnamed source. (Source)

Story #3: Fortress Clashes in Talks Over Florida East Coast

Fortress Investment Group LLC is deep in discussions with lenders to refinance a critical $1.6 billion loan on real-estate and railroads company Florida East Coast Industries Inc., according to people familiar with the talks. There is only one wrinkle: One of those lenders happens to be Fortress Investment Group.
New York-based Fortress, a private-equity and hedge-fund firm with $26.5 billion in assets under management, has until July 27 to work out a plan, when the loan matures and Florida East Coast must pay back the amount. People involved in the negotiations say that the company wants to extend the loan, and that it is expected to reach an accord that will delay the maturity and increase its interest rate.
But the people involved in the discussions say the talks have been complicated because Fortress sits on both sides of the negotiating table: The company already has a $2 billion equity investment, made when it spent $3.6 billion to purchase Florida East Coast at the height of the credit bubble in 2007. But since then, separate investment funds managed by Fortress have been buying up large chunks of the company's debt. They are now the company's largest lender, holding a $600 million position. Source

Tags: Fortress investment Group, Fortress Investment Group LLC, Fortress Investment Group Private Equity, Fortress Private Equity, Fortress Private Equity Group, Fortress Daniel Mudd

Link to This Resource: Fortress Private Equity

http://privateequityblogger.com/2007/07/fortress-private-equity.html

Brookstone Partners | Private Equity Firm

Brookstone Partners Profile

Brookstone Partners | Private Equity Profile

The following piece on Brookstone Partners is being published as part of our Private Equity Tracker Tool, our daily effort to track private equity firms in the industry.

Resource #1: Video interview with Brookstone Partners' Michael Toporek

Dan Primack recently conducted an interview with Michael Toporek, the managing director of Brookstone Partners, a New York-based mid-market private equity firm.

The private equity group is unique in that Brookstone does not open traditional funds, choosing instead to raise money for individual deals that the firm finds. Mr. Toporek sees this approach as advantageous because none of his funds are cross-collateralised and it lets the firm obtain talented people by offering new personnel carry in new and/or existing portfolio companies. This flexibility gives Brookstone Partners an edge, according to Toporek.

He also discusses why Brookstone Partners has not made a new investment in over a year, deal terms, exits and what a portfolio company needs to go public.

Click this link to see the video.

Tags: Brookstone Partners, Brookstone Partners Michael Toporek, Brookstone Partners investment, Brookstone Investors, Brookstone Private Equity, Brookstone Partners Private Equity Firm

Link to This Resource: Brookstone Partners | Private Equity Firm

http://privateequityblogger.com/2007/07/brookstone-partners-private-equity-firm.html

Bain Capital LLC

Bain Capital LLC | Private Equity Profile

The following piece on Bain Capital, LLC is being published as part of our Private Equity Tracker Tool, our daily effort to track private equity firms in the industry.

Resource #1: Bain Capital Invests in China's GOME Electronics Holdings

Bain Capital LLC, a private equity firm based in Boston, recently closed a deal to invest as much as $420 million in Chinese electronics retailer, GOME Electrical Holdings Ltd. Bain Capital decided that it would settle the role of second largest shareholder in the company. The private equity group hopes to change GOME's recent trend of declining revenues and profits. Other buyout firms competed for the prized stake, Kohlberg Kravis Roberts & Co. as well as Warburg Pincus tried for months.

There is an element of risk in this venture; Huang Guangyu, the founder and former chairman of GOME, was arrested in November accused of "economic crimes." Importantly, Huang is the retains the largest stake in the company. He and his wife have a combined 35.6% stake in GOME. Although Huang was replaced as chairman by Chen Xiao, the biggest shareholder's legal troubles add to the obstacles Bain Capital is facing.

Jonathon Zhu, Bain's managing director leading the deal, gave an interview with the WSJ concerning the GOME deal.
Read More...

Tags: Private equity Bain Capital, Bain Capital LLC, Bain Capital Partners, Bain Capital Ventures, Bain Capital Fund, Bain Capital Group, Bain Capital Inc., Bain Capital Limited

Link to This Resource: Bain Capital LLC

http://privateequityblogger.com/2007/07/bain-capital-llc.html

Private Equity Dictionary

Private Equity Industry Dictionary is a nice resource if there is ever a private equity phrase or word that you don't understand. It is pretty comprehensive and has easy-to-understand definitions.

Link to This Resource: Private Equity Dictionary

http://privateequityblogger.com/2008/07/private-equity-dictionary.html

Private Equity Advertising

Private Equity Blogger Advertising Opportunities

Private Equity Blogger is happy to announce that we are now open to relevant, targeted advertising options for this Private Equity Blogger website. These options include--but are not limited to--private equity advertising profiles and articles. We do ask that all advertising be related to private equity.

This blog has grown to host hundreds of articles with over a thousand page views each day to the website and a quickly expanding network of private equity professionals. If you would like to learn more about this site or if you would like to set up an advertisement on this private equity blog, please e-mail Theo O'Brien at Theo@peblogger.com

Examples of Private Equity Advertising Options

Press Release Publishing
Service Provider Listing
Job Listing on Alternative Investment Jobs
Site Sponsorship - (120 x 30 banner ad on all pages)
Sponsored Niche Article Publishing (Search Engine Optimized)

Theo O'Brien
Theo@peblogger.com
Phone: 970.316.2564

Tags: Private Equity Advertising, Private Equity Advertisers, Private Equity Ad, Private Equity Advertisement, Private Equity Sponsors, Private Equity Advertise, Private Equity Advertising

Link to This Resource: Private Equity Advertising

http://privateequityblogger.com/2007/07/private-equity-advertising.html

PE Firms Investing

Why Private Equity Groups Buy Big and Use Leverage

As a business broker that specializes in smaller deals (total deal size between $2,000,000 and $20,000,000) I often see companies at or below the smaller end of our range that have trouble attracting interest from Private Equity Groups. Generally a Private Equity Group wants to invest in companies at least $5,000,000 and to borrow a substantial portion of the purchase price. Even PEGs with lots of money to invest want to leverage the deal.

So, why would a PEG that will happily do a $5MM deal with half borrow from a bank not be interested in doing a $2.5MM deal. Clearly they have the money to do the deal and there is more room to grow the smaller company. Furthermore, the unleveraged company is less risky.

To understand the PEGs motivations you need to look at it from their perspective. Let's say that a hypothetical PEG has three employees each paid $200,000 a year that will look at deals and oversee the companies that they buy and $400,000 a year in overhead for rent, travel, receptionists, etc. The total amount needed to run the PEG may be $1,000,000 a year.

Let's assume that our PEG can comfortably oversee 5 companies at a time while also looking for new acquisitions and exiting mature investments. If they buy 5 companies for $2.5MM in year one they have invested 12.5MM. Most of the profits of those companies will be absorbed in the operating cost of the PEG or be re-invested into the operating companies to grow them so if they double the value of those companies over 5 years they have generated a return of 14.8%. That's not an acceptable rate of return given the risks of Private Equity. Investors in a PEG understand that they are taking large risks in illiquid investments and demand returns commensurate with that risk.

On the other hand, if our PEG buys companies worth $25MM, but borrows $12.5MM and doubles the value of each company over a 5 year period, their return on equity more than doubles to 32%, a far better return. (12.5MM X 1.32^5 = 50MM) Of course the companies will have the additional interest expense and principal repayment as they retire the loan, but the larger companies should generate enough cash to more than cover that expense.

So, to produce a reasonable rate of return the PEG wants to buy larger companies and use leverage to magnify their returns.

There are exceptions to this generalization. Some PEGs specialize in turn-around situations, where they buy companies that are in trouble. These companies can be less expensive and are harder to leverage because banks will not loan against cash flow when there is no cash flow. Most PEGs will consider smaller deals as add-ons to an existing platform company, especially if the company allows them to expand their product offerings or geographic coverage. Finally, PEGs will sometimes buy several smaller companies and merge them in a roll-up. This allows them to cut expenses at the companies, achieve economies of scale, and end up with a stronger company at a lower multiple of EBITDA.

Written by David Annis is one of the founders of Valuations, LLC, Article source

Tags: private equity firms investing, why private equity groups invest in larger companies and use leverage.

Link to This Resource: PE Firms Investing

http://privateequityblogger.com/2007/07/pe-firms-investing.html

Equity Fund Marketing

Tips for Private Equity Fund Marketing

The marketing of private equity funds can be a difficult business, especially if you're fresh in the industry. Success in fund marketing comes largely from building a reputation within the private equity sphere, but consistent work toward building your presence will at least get you in the door. Here are some private equity fund management best practices:

1. Focus on Building Authority: The power of true authority within an industry trickles down and puts other influential factors into motion which help you develop valuable relationships

2. Move the Free Line: Give away your best ideas within press inquiries, books, interviews, articles, white papers and videos

3. Diverse Investor Case Studies: Have at least two case studies of investors choosing to place capital with your firm for each of the major distribution channels you are focusing on raising capital from. For example have six total case studies if 90% of your efforts are focused on family offices, wealth management firms, and HNW individual selling.

4. The 4 P’s of Marketing Materials: Focus on Pedigree, Process (USP), Portfolio Risk, and Presentation Quality

Tags: Private equity fund marketing, private equity fund marketer, marketing funds, fund investment marketing, marketing private equity funds, equity fund marketing

Link to This Resource: Equity Fund Marketing

http://privateequityblogger.com/2007/07/equity-fund-marketing.html

Lessons from Private Equity

Book Review | Lessons from Private Equity

This is the first book review on this blog but in the future, I will be adding more recommended books on private equity. I am currently reading a book on valuation and another on constructing a successful elevator pitch. I hope to develop a library of helpful private equity books on this site and I am working on putting together an e-book that will be available for free download as a complimentary resource for readers here.

Lessons from Private Equity Any Company Can Use is a smart, concise guide to restructuring and employing profit-maximizing practices applicable to any firm. The book is written in a simple language that does not require prior knowledge of private equity but uses the ideas that private equity firms use to extract value and promote efficiency.

Rather than a comprehensive book on private equity, Lessons from Private Equity is a memo to CEOs describing the basics of private equity and how the fundamental goals of private equity firms can be used to improve any company. The case studies used in this book illustrate the point that utilizing private equity methods for managing a firm has led many public companies to success. The Sealy Corporation and Nestlé are the most prominent examples referred to throughout the text as examples and indeed both these firms have demonstrated great business management skills in producing profits to public investors (Nestlé more so than Sealy in recent years).

The authors provide a step-by-step process for success:

Define the Full Potential: Use strategic due diligence to set a target "increased equity value."
Develop the Blueprint: Develop a plan for achieving that goal.
Accelerate Performance: Putting the plan into action by matching the blueprint to your company and overcoming obstacles to success.
Harness the Talent: Hiring the individuals that can make your company's blueprint a reality by either looking inside the company or seeking outside talent.
Make Equity Sweat: This is a fundamental aspect of private equity firms managing a company, relying on "managing working capital aggressively, disciplining capital expenditures, and working the balance sheet hard."
Foster a Results-Oriented Mind-Set: Take the private equity disciplines learned in the book and implement them permanently into your firm's culture and periodically reevaluate your company to ensure it is maintaining the formula for success.

The strength of Lessons from Private Equity lies primarily in its brevity (it is just over 100 pages long) and its straight-forward approach. The ideas put forward are not counter-intuitive, they rely on basic strategic due diligence to identify underperforming areas and people to establish a more effecient firm. This book is ideal for executives and young professionals hoping to reach the higher rungs of a company, but also applies to entrepreneurs managing small companies. Lessons from Private Equity is accurately priced low because of its short page-length but I found a great deal of value in this little book.

The authors of Lessons from Private Equity are Orit Gadiesh and Hugh MacArthur are both experts in improving management from the large private equity firm Bain Capital. Gadiesh serves as the chairman at Bain and has been listed on both Forbes' "The Hundred Most Powerful Women in the World" and the "Most Powerful Women in Business". MacArthur heads Bain's Global Private Equity business and advises private equity firms on strategic due diligence on targeted firms and improving performance of those companies.

Tags: Lessons from Private Equity Any Company Can Use, Lessons From Private Equity, Private Equity book review, Private Equity Resources, Private Equity Education, Reviews of Private Equity Books

Link to This Resource: Lessons from Private Equity

http://privateequityblogger.com/2007/07/lessons-from-private-equity.html

Equity Leveraged Buyout

Removing the Leverage from Leveraged Buyouts

Robert Profusek of Jones Day and James Woolery of Cravath Swaine & Moore talk with CNBC about the changes in private equity deal-making, such as the lack of leverage in buyouts.

Tags: leverage buyouts, leveraged buyout, lbo, equity leverage buyouts, using leverage in a buyout

Link to This Resource: Equity Leveraged Buyout

http://privateequityblogger.com/2007/07/equity-leveraged-buyout.html

Teacher Pension Fund

Teacher Pension Fund Invests with Private Equity

The Ontario Teachers' Pension Plan has decided to try its hand at private equity.

According to CNBC, Jan 27, 2007:

The approach is working. Over the last four years, the plan's private equity portfolio has garnered an average return of 24%, reports CNBC's Melissa Lee. The Ontario Teachers' fund employs an in-house private equity staff of 55.

"We operate the fund as a business--for us that's very important," said Ontario Teachers' Claude Lamoureaux. "And our [private equity] people, they have the same attitude."
A teacher who signs on for the pension plan may still be cashing its checks 70 years down the line. For that reason, the fund focuses on long-term investments--including the Toronto Maple Leafs and Canada's Yellow Pages--that will bring stable returns over time.

Tags: teacher pension fund, teacher's pension fund, pension fund private equity, teacher pension private equity

Link to This Resource: Teacher Pension Fund

http://privateequityblogger.com/2007/07/teacher-pension-fund.html

Glenn Hutchins

Video of Silver Lake Partners' Glenn Hutchins

Glenn Hutchins, co-founder of Silver Lake Partners, talks at the Davos 2008 conference about the current situation and future of technology buyouts. Despite a big decline in the markets, he is optimistic about investors' appetite for risk and the liquidity of the market.

Tags: technology buyouts, tech buyouts, glenn hutchins, glenn hutchins silver lake partners, silver lake partners, technology silver lake partners

Link to This Resource: Glenn Hutchins

http://privateequityblogger.com/2007/07/glenn-hutchins.html

Alternative Investments Jobs

Alternative Investments Job Opportunities

Many readers of this website are recent graduates from business schools and looking to enter private equity. Others have worked in finance and would like to make the transition to working in alternative investments. These qualified individuals often send me their resumes and this page will become a resource for private equity firms, hedge funds, executive recruiters and investment-related employers to promote their job opportunities.

Position #1: Senior Associate - Secondary Team (Philadelphia)

Hamilton Lane is a private, independently owned firm which provides alternative asset management services to institutional investors worldwide. Founded in 1991, Hamilton Lane has grown to over 100 employees in offices around the globe. Headquartered outside of Philadelphia, Pennsylvania, Hamilton Lane has $12 billion of assets under management for managed accounts and over $76 billion in assets under supervision – making us one of the largest allocators of private equity capital in the world.

Hamilton Lane is looking to hire a Senior Associate in its Secondary Group to work directly with its Philadelphia team. The Senior Associate will be responsible for evaluating secondary investments in private equity funds and companies.

Specific Requirements:

Lead secondary transactions, perform pricing analyses and prepare investment memoranda for the Firm’s Investment Committee
Analyze and value underlying assets for secondary opportunities using LBO and cash flow models, constructing company comparables and multiple scenario outcomes
Perform due diligence calls with general partners
Source secondary opportunities from general partners and limited partners
Cover/manage secondary intermediary relationships
Monitor existing investments in the firms secondary portfolios, including attendance at annual meetings

Necessary Qualifications:

A minimum of 8+ years experience in an investment role, with a minimum of 3 years private equity/secondary related investment experience
Outstanding academic record
Significant experience performing complex financial analysis, modeling, and company valuations, including discounted cash flow and comparable company analyses
Ability to conduct industry research, articulate opinions and write clear and concise memoranda on investment opportunities
Strong written, oral communication, and interpersonal skills
Strong interest and commitment to private equity investing
Strong work ethic, professional demeanor and appearance
Willingness to work 50+ hours / week, occasionally on weekends, and travel 10+% of time
A team-oriented approach and an ability to interact productively within a diverse small company environment.

Please send your resume and cover letter to recruiting@hamiltonlane.com for consideration. If you would like more information on the position, please see Hamilton Lane's website.

If you would like to have your job listing added here, please send an e-mail to Theo@PEblogger.com

If you are currently looking for a job in private equity, you may be interested in completing our private equity training program. Participants in the Certified Private Equity Professional program gain exclusive access to private equity career advice and videos, résumé coaching and template and much more. To learn more about this program you may read this article or visit the program website.

Tags: Private Equity jobs, private equity job opportunities, private equity job listings, buyout jobs, alternative investments jobs, alternative jobs

Link to This Resource: Alternative Investments Jobs

http://privateequityblogger.com/2007/07/alternative-investments-jobs.html

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