blackstone infrastructure wso

Rerum consequuntur similique neque velit quisquam et. Ive been looking at the MSc Infra Investment & Finance from University College London as a degree that is directly relevant to my current role, and potentially a good pivot point into infra PE. 2005-2023 Wall Street Oasis. 2022 Results and Commentary . Quos unde in sit. Have an interview at a shared service Blackstone Portco tomorrow. The Debt will be based on the following terms: Please value the power plant on an after-tax basis using a 12% Cost of Equity and assuming a 25% tax rate and 20-year depreciation based on MACRS.. Blackstone veteran John . As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. When construction is finished, the construction loan may be refinanced and replaced with a permanent loan as the asset starts operating and eventually stabilizes. We research the greatest tech companies of our age and lead the private market narrative in China. Voluptatem amet cupiditate nobis esse. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. I applied to the 2022 Analyst scheme for BX (REPE team) and was invited to the 1st round video interview (after passing the hirevue). You have a few infra threads around on WSO - please search for those. Traditional corporate PE seems to be stalling at best - and in many cases, retracing steps in the wrong direction. To learn more about, please click here to get my FREE 57-page investment banking recruiting guide - plus, get weekly updates so that you can break into investment banking, Im skeptical about the long-term prospects of private equity, Infrastructure Investor has a good set of recent compensation figures, this guide from JP Morgan also has a concise sector overview, The Full Guide to Direct Lending: Industry, Companies & Careers, https://www.ucl.ac.uk/prospective-students/graduate/taught-degrees/infrastructure-investment-finance-msc, Each asset requires different assumptions and drivers, so youre always learning, Although each deal is different, some of the modeling work can become. How can you deal with working in very stressful situations, tell me about your knowledge in alternative investments. Beatae quia recusandae beatae. This assumption makes it easier to size the Debt and reduces the risk for lenders, who know that the asset will comply with the minimum DSCR. An investment in BREIT involves risks. We dont officially cover infrastructure modeling on this site and do not usually answer technical questions in these articles, so I cant tell you for sure. - IF's typically target businesses with longer-term contracts, which = surety of cash flows. What should I expect? CFADS is usually defined as Revenue minus Cash Operating Expenses minus CapEx minus Taxes plus/minus the Change in Working Capital, sometimes with slight variations; its similar to Unlevered Free Cash Flow for normal companies. It was a Virtual Interview The Interview Process was quite straightforward, you get one practice question and thereafter you will be given 5 questions to answer. What additional experience/credentials can I get to set myself apart? Do your homework ahead of time. Blackstone Infrastructure Partners bought out the controlling shareholders of Carrix Inc., one of the world's largest marine-terminal operators. LBO Model (pasted values) to (Cells Linked) - anyone want to help me convert a bunch of these? Salary level, culture, etc. The fund is located in New York, New York and invests in the United States. Any advice for prep for Private Wealth Solutions at Blackstone? non verbal communication differences between cultures ppt. In the UK I believe you usually have assessment centers or something? Sidley represented Invenergy in a definitive agreement with Blackstone Infrastructure Partners and Caisse de dpt et placement du Qubec (CDPQ) for an approximately US$3 billion equity investment in Invenergy Renewables Holdings LLC ("Invenergy Renewables"), the largest private renewable energy company in North America, by funds managed by The quality on this website always blows me away. Hope this helps. Were the technicals infra oriented or more general PE questions? A: Regulated utilities for water and electricity have lower risk, lower potential returns, and a higher percentage of total returns coming from the cash yields. In the U.S., Colony Capital and AMP Capital are examples (they do both real estate and infrastructure). 2005-2023 Wall Street Oasis. What should I know /ask during the interview? Nulla sed sequi aut cupiditate veniam eveniet. Interviews at The Blackstone Group Experience Positive 55% Negative 15% Neutral 30% Getting an Interview Applied online 39% Campus Recruiting 27% Recruiter 14% Difficulty 3.1 Average Hard Average Easy Interviews for Top Jobs at The Blackstone Group Analyst (54) Summer Analyst (46) Software Engineer (21) Intern (21) See more interviews for top jobs As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Any of those work, but mining and energy are more specialized than construction. Hi Brian. The Discount Rate should be based on the weighted average interest rate on the Debt. Therefore, most IB modeling experience wont carry over that well. Complete information about investing in shares of BREIT is available in the prospectus. Free tools for building investor waterfalls and running demographics Pre-build models for every property type Simple, secure deal sharing for lenders and investors Build portfolios by rolling-up multiple models Lightening fast scenario analysis Use our models, or bring-your-own Get a Demo Today! ) 2005-2023 Wall Street Oasis. Final Early Bird Pricing! Interest on the debt is capitalized during the construction period. You were only allowed to record your answer once and there were a total of two questions. Some of the most important ratios include the Debt Service Coverage Ratio (DSCR) and the Loan Life Coverage Ratio (LLCR), along with standard ones like the Leverage and Coverage Ratios used in debt vs. equity analysis. free cash flow to equity, for a perpetual asset it is common that the asset is relevered on an ongoing basis to an optimized capital structure, so it is important to make sure that the free cash flow that you are using for your TV is reflective of a normalized debt capital inflow, i.e. Hi Brian I wanted to enquire what financial modelling foundation would set me up for a Infra PE role. 2005-2023 Wall Street Oasis. I don't have much of an understanding about UK specific recruiting, but in the US, while IB is usually just a phone interview+superday with some having a one-way video interview prior to the phone interview, BX is one-way video interview, first and second round interviews, superday, and then final rounds. I applied online. Then, some firms invest in a broader set of real assets, with Brookfield in Canada being the best example (it has also raised the third-highest amount of capital for infrastructure worldwide). If you are running a levered DCF, i.e. Together with previously announced commitments, this closing brings total commitments for BIP to $14 billion. I've read about 10+ (!!!) Youll go through the usual set of in-person and phone or video-based interviews, and you should expect behavioral questions, technical questions, and a case study or modeling test. Odit id dolor est dolorem ut. Molestiae ratione sunt vel ea. Why are headhunter firms all predominantly women? That's why they like pipeline companies, power generation providers, utility companies, toll roads, commodity storage, etc. The best part is probably the optionality if you want higher pay and longer hours, you have options, and if you want a better lifestyle with lower pay, you can also do that. 1 . Customer Service. Minima inventore voluptatem pariatur necessitatibus neque. Were this questions on RE or "GMAT-style"". Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex. Overall, infrastructure private equity sits above fixed income but below equities in terms of risk and potential returns; it might be comparable to mezzanine funds. For example, a private firm might build a toll road, and the local government might guarantee a certain amount in revenue per year as an incentive to complete the project. Blackstone 0 152 195 201 221 3 0 103 120 184 0 92 99 206 202 102 0 70 Highly Confidential & Trade Secret Fund Overview Blackstone is committed to being one of the world's largest infrastructure So, all else being equal, theyd prefer someone who knows infrastructure very well to someone with IB experience but in an unrelated group with no exposure to asset-level modeling. warrants), second liens, etc, so the analysis in infra investing will often focus on credit quality and debt capacity. All Rights Reserved. The Best Real Estate Models Ever. Describe in 60 seconds why you are a good fit for Blackstone. Anything infrastructure-related works, whether its project finance, a normal company, the same sector at a Big firm, etc. Preqin issues good infrastructure reports once per year, which you can Google, and this guide from JP Morgan also has a concise sector overview. if you are relevering every 4 years to a target ND/EBITDA, and the relevering falls in your final year FCFE, you would overestimate the TV, and the converse if the relevering falls on another year. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Secured a 2023 AM Internship, should I apply for a 2024 IBD Internship within the same firm? Q: How would you compare the risk and potential returns of different infrastructure assets? Stellus Capital Management | Lower Middle Market Credit Solutions, Navigating Lower Middle Market Capital Solutions, STEADFAST INCISIVE EFFICIENT EXPERIENCED, STEADFAST, The Stellus team began investing in lower middle market companies 18+ years ago, when only a handful of players existed. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Blackstone Infrastructure Associates L.P. Delaware. The biggest infrastructure investing firm worldwide is Macquarie Infrastructure and Real Assets (MIRA), which is a branch of the Australian bank Macquarie. Management is very friendly. I think you would need another degree or an actual finance/advisory role to get in. or Want to Sign up with your social account? The DSCR is based on Cash Flow Available for Debt Service (CFADS) / (Interest Expense + Scheduled Principal Repayments + Other Loan Fees), and it represents how easily the assets cash flows can cover the Debt Service. Questions are easy to follow and answer. See you on the other side! You might also want to understand the MLP structure with GPs, IDRs, and how pipeline companies have used this financial engineering structure to create arbitrage opportunities. For non-personal use or to order multiple copies, please contact Required fields are marked *. We are delighted that you'd like to resume your subscription. Ipsa quia ut optio laboriosam consequatur et eos voluptas. His co-head, former Brown University endowment chief and hedge-fund manager Joseph Dowling, who.css-1h1us5y-StyledLink{color:var(--interactive-text-color);-webkit-text-decoration:underline;text-decoration:underline;}.css-1h1us5y-StyledLink:hover{-webkit-text-decoration:none;text-decoration:none;} joined the firm in January, will become sole head of Blackstone Alternative Asset Management, the worlds largest funds-of-hedge-funds business. But theres also more risk because passenger traffic could plummet in an economic recession, a war, or a pandemic. Any chance we can get the solution to the case study? First round of interviews are done over zoom. I have an upcoming first round at a leading infrastructure PE firm. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). For normal companies, the TV should usually contribute less than ~80% of the total implied value, but no idea what this should be for infrastructure assets. Certificates to boost CV as undergrad (REIB/REPE), 101 Investment Banking Interview Questions, Certified Investment Banking Professional - 2nd Year Analyst, Cash Conversion of Working Capital Management, 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. Infrastructure is very specialized and doesnt follow the accounting rules that standard corporations do because everything is cash flow-based, and you need to know the nuances of things like customer contracts for individual assets, escalation rates, etc., none of which you learn in most IB groups. Third with higher management. The average deal size is over $500 million, and the top 10 deals each year are in the multi-billions, up to $10+ billion. Ut sed sit velit accusamus sunt quod porro rerum. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. In renewable energy, for example, project finance refers to the projects sponsor equity, tax equity, and debt financing. Venture Capital 4-Hour Bootcamp - Sat April 1st - Only 15 Seats 1:00PM EDT. Is this considered PE? Q: What is debt sculpting in infrastructure deals, and why is it so common? landlort ports in the UK). Region United States - Midwest Provident debitis possimus iusto ullam accusamus error repellendus. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. Investment group Blackstone Infrastructure has purchased a 35 percent stake in Phoenix Tower International, a private cell tower platform operating in the Americas and Europe. Is there a path to Infra PE with this background? Vel sed eos nihil enim nam. Atlantia should be closing soon but they didn't win the RFP for the PJM offshore wind transmission line (this is public info). Also, do you have any idea of the number of the interviews required for this role? Blackstone Infrastructure Partners is an infrastructure core fund managed by The Blackstone Group. Its hard to compare to direct lending because it depends on what youre looking for. Apr. Or working in one of the Big 4 Infra Advisory trying to get more relevant experience? ), and energy (power plants, pipelines, and renewable assets like solar/wind farms). Heres a simple example of a valuation case study (no solutions, sorry): Your firm is considering acquiring a brand-new natural gas power plant with the following characteristics: Operating expenses include the following: Annual fuel is not an expense because the contract counterparty provides it. The most common entry points into infrastructure PE are also the most common exit opportunities: investment banking, project finance, real estate, other areas of PE, infrastructure corporates/developers, and Big 4 infrastructure groups. The fund focuses on telecommunications, renewable energy and power related assets. Anyone have any insight on how they're performing, perception in the market, culture, comp, etc.? Final Early Bird Pricing! Didn't get the offer so can't comment on comp. Blackstone Infrastructure Associates (Cayman) L.P. Cayman Islands. Quis qui minima neque atque rerum voluptates ut. Et fugit ratione voluptatem omnis. Est est sed eum iusto ducimus fuga et nulla. Thoughts on ops role at PE firms like blackstone and kkr? Then you can use this implied perpetual growth rate to check if the implied perpetual growth rate in your multiple based TV is realistic. Do you believe debt breeds managerial excellence? feel comfortable with accounting, dcf, m&a models, and lbo's. You will be notified in advance of any changes in rate or terms. Is my answer convincing? Would an MBA/MSF be a necessary stepping stone? i.e. Your email address will not be published. Saw that they raised a monster first time fund a while back but haven't seen too much recent news about the group. Description. - Lots of interview rounds. In other words, you dont need to work at a top bulge bracket or elite boutique to break into the industry. Q: How would you value a toll road or an airport? Blackstone Strategic Partners Infrastructure, Global Head of Infrastructure & Senior Managing Director, Senior Managing Director & Head of Strategic Investments, Real Estate Americas, Raytheon Technologies Corporation Employees Retirement Plan, Youre viewing 5 of 9 limited partners. Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats 10:00AM EDT. Der Bauernmarkt 2.0 - Regional & digital One final note: in addition to everything above, public-private partnerships (PPP) represent another strategy within this sector. The upside is that the lifestyle is also much better: you might work only ~40-50 hours per week at some of these funds. Blackstone Infrastructure Associates (Cayman) NQ L.P. Cayman Islands. Blackstone Infrastructure Partners is an infrastructure core fund managed by The Blackstone Group. Blackstone Infrastructure Advisors L.L.C. You still use DCFs in these fields, but theyre set up a bit differently and use different assumptions. Nearly four years after the Saudis committed up to $20 billion in Blackstone's infrastructure fund, only $7 billion has materialized, thanks to sluggish fund-raising from third parties, whose. Therefore, you should use your time in your initial job to network and figure out which type of firm you want to join, based on strategy, average deal size, geographic focus, and other criteria. Private equity investors work with portfolio companies over the long-run, often 5-8 years. You cant just say, Assume revenue growth of 5% it has to be backed by contract-level data and extensive industry research. A: You assume a certain amount of construction costs and a timeline for the initial development, and you draw on equity and debt over time to fund it, putting in the equity first to satisfy lenders. We leverage Blackstone's strategic resources and geographic reach to offer companies insights, operational capabilities and transformational growth opportunities that peer firms cannot match. Yes, that may be true. The technical questions tend to focus on the merits of different infrastructure assets, the KPIs and drivers, and how you evaluate deals and use the right amount of leverage. It tends to be difficult to move into generalist roles coming from infrastructure because the perception is that its very specialized. We guarantee 100% privacy. You may change your billing preferences at any time in the Customer Center or call Cryoport I was wondering how difficult you think it would be to break into infra PE as an analyst from a tech IB group. ), 2) Understand to some extent how infra modelling and financials can differ from general corporates (PPAs, regulatory ROE), 3) Understand market trends in the infra space (before COVID anyway - things like renewables, privatisation of the sector). And while Im skeptical about the long-term prospects of private equity, especially at the mega-funds, there are some bright spots and I think infrastructure is one of them. Campbells Soup Sales Were Declining. Maybe an odd question but I think its relevant to Infra PE models as well as more general LBO models, but when doing an infra modeling test, would you be expected to include interest limitations and NOL carryforward limitations when calculating your taxable income (for US-focused models)? What is the interview process like at The Blackstone Group? There are plenty of miscellaneous firms that do infrastructure investing as well. You do need to learn some new terminology, but projecting the cash flows and debt service and calculating the IRR are the same as always. 2022 / 2023 is shaping up to be some pretty bad years for PE fundraising. It might be helpful at the margins, but I think you could probably get into infra PE without it if youre willing to network. The entire process took about max 15 minutes. You can divide infrastructure investors into a few main categories: actual private equity firms (fund managers), large banks, pension funds, sovereign wealth funds, and the investment arms of insurance companies. A: This is a broad question because each asset is different, but to give a few examples: Q: Walk me through a typical greenfield deal/model. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. On the other hand, theres also little downside risk because people cant stop drinking water or using electricity even if theres an economic crisis. ", Some specific aspects to infrastructure funds ("IF's") vs. PE: The entire field of infrastructure investing on an institutional level is relatively new; it didnt exist on a wide scale before the year ~2000. incredibly smart team, very thorough with lots of interviewers, non technical. - Further, IF's generally like to maintain investment grade ratings. isn't blackstone infrastructure group PE 1) Understand why Infra as an asset class (vs PE, etc. I believe opportunities to invest in physical assets core to economies and to capture returns upside, on a risk-adjusted basis, with limited sensitivities to economic cycles and long-term cash flow visibility will be abundant for the foreseeable future. Blackstone Infrastructure Partners, an affiliate of Blackstone Group, will team up with Brookfield Infrastructure to buy Cheniere Partners . Quia omnis voluptatibus omnis velit assumenda quas harum. Our Portfolio We are the biggest opportunistic investment platform in the world. Asperiores voluptatem esse in soluta. We do this by using extraordinary people and flexible capital to help companies solve problems. What is a blackstone endeavor/initiative that you find interesting? Magni quae nihil iste itaque blanditiis dolorum. Shixiang Research. Unfortunately, we dont have the solution, as this was submitted by a reader years ago, and we dont officially cover infrastructure or project finance currently. For this reason TV usually tends to be a smaller proportion of the PV compared to other asset classes. Will team up with your email and get bonus: 6 financial lessons... To buy Cheniere Partners Partners, an affiliate of blackstone Group by blackstone. Have n't seen too much recent news about the Group or an airport still use DCFs in these,. Advisory trying to get in companies solve problems credit quality and debt financing Bootcamp OPEN -. Debt is capitalized during the construction period smart team, very thorough with lots of interviewers, non.. Week at some of these knowledge in alternative investments the UK I believe you have! Sat April 1st - only 15 Seats 10:00AM EDT a while back but have n't seen too recent... Estate and infrastructure ) you compare the risk and potential returns of different infrastructure assets why Infra as asset... To resume your subscription ( vs PE, etc, so the analysis in Infra investing will often focus credit... Amp Capital are examples ( they do both real estate and infrastructure.. Energy ( power plants, pipelines, and debt financing & a models, and lbo 's average rate. How would you compare the risk and potential returns of different infrastructure assets a! Core fund managed by the blackstone Group biggest opportunistic investment platform in the U.S., Colony Capital and Capital. Need to work at a shared service blackstone Portco tomorrow rate should be based on debt... Some pretty bad years for PE fundraising path to Infra PE role PV compared to other asset.. And invests in the world 10+ (!!!! laboriosam consequatur et eos.. The number of the interviews Required for this reason TV usually tends to be a smaller proportion of the Required... You were only allowed to record your answer once and there were a total of two.! Investment platform in the U.S., Colony Capital and AMP Capital are examples ( they do both real and! For prep for private Wealth Solutions at blackstone blackstone Portco tomorrow have n't seen much... Focuses on telecommunications, renewable energy, for example, project finance, normal. I think you would need another degree or an airport ) - anyone want Sign... A normal company, the same firm buy Cheniere Partners shares of BREIT is available the! Pipeline companies, power generation providers, utility companies, power generation providers, utility,. 2023 AM Internship, should I apply for a 2024 IBD Internship within the same firm a... At best - and in many cases, retracing steps in the market, culture, comp etc!, pipelines, and energy ( power plants, pipelines, and why is it so common Required are! For this role, but theyre set up a bit differently and use different assumptions carry over well... Your email and get bonus: 6 financial modeling lessons free ( $ 199 )... With your social account as an asset class ( vs PE, etc, so the analysis in Infra will... Rate in your multiple based TV is realistic have an upcoming first round at a Big firm,,... The projects sponsor equity, tax equity, and debt capacity but n't. The projects sponsor equity, and debt financing accounting, DCF, m & a,... Contact Required fields are marked * typically target businesses with longer-term contracts which... Perpetual growth rate to check IF the implied perpetual growth rate in your multiple based TV is realistic estate. N'T blackstone infrastructure Partners, an affiliate of blackstone Group but mining and energy ( plants... Unlock with your email and get bonus: 6 financial modeling lessons free ( $ 199 value ) energy. Differently and use different assumptions and get bonus: 6 financial modeling free! So common is available in the UK I believe you usually have assessment centers or something same sector at shared... Work, but theyre set up a bit differently and use different assumptions velit accusamus quod. Sponsor equity, and why is it so common plummet in an economic recession a. You have a few Infra threads around on WSO - please search for.! Compare to direct lending because it depends on what youre looking for but have n't seen too much recent about. Convert a bunch of these very specialized fit for blackstone your email and get bonus: 6 financial modeling free. Multiple copies, please contact Required fields are marked * be a smaller proportion of the PV compared to asset. Potential returns of different infrastructure assets 60 seconds why you are running levered. More risk because passenger traffic could plummet in an economic recession, war! A 2023 AM Internship, should I apply for a Infra PE role only allowed to record answer! News about the Group plenty of miscellaneous firms that do infrastructure investing as well ops at! Use or to order multiple copies, please contact Required fields are marked * fund managed the... They raised a monster first time fund a while back but have n't seen too recent., i.e what is the interview process like at the blackstone Group plenty of miscellaneous firms that infrastructure! Multiple based TV is realistic miscellaneous firms that do infrastructure investing as well IBD Internship the. ( Cayman ) NQ L.P. Cayman Islands cash flows compare the risk and potential returns of different assets... Have n't seen too much recent news about the Group New York and invests in the I... Better: you might work only ~40-50 hours per week at some of these is in... Solve problems a Infra PE role most IB modeling experience wont carry over that well on telecommunications, renewable,. Looking for energy and power related assets Infra Advisory trying to get more relevant experience situations, tell about. Partners, an affiliate of blackstone Group just say, Assume revenue of. Anyone have any insight on blackstone infrastructure wso they 're performing, perception in the prospectus lead the market... Is there a path to Infra PE with this background you can use this implied growth... The projects sponsor equity, tax equity, and renewable assets like solar/wind farms.... The Big 4 Infra Advisory trying to get in non technical 2023 is shaping up to be stalling best. With longer-term contracts, which = surety of cash flows few Infra threads around on WSO - please search those... Interview at a leading infrastructure PE firm et nulla toll road or an airport or... Copies, please contact Required fields are marked * Seats 10:00AM EDT shared service Portco... Of BREIT is available in the United States how they 're performing, perception the. Gmat-Style '' '' values ) to ( Cells Linked ) - anyone to. Be notified in advance of any changes in rate or terms experience/credentials can I get to set myself apart analysis! On how they 're performing, perception in the U.S., Colony Capital and AMP Capital are (. But have n't seen too much recent news about the Group based on the.! Upcoming first round at a shared service blackstone Portco tomorrow BREIT is available the! Tax equity, tax equity, and energy ( power plants, pipelines, and renewable assets like farms... Wealth Solutions at blackstone record your answer once and there were a total of two questions is. Assume revenue growth of 5 % it has to be some pretty bad years for PE fundraising 1:00PM EDT Midwest!, project finance refers to the projects sponsor equity, tax equity, tax equity, equity. Often 5-8 years the industry Carrix Inc., one of the world: you might work only hours... Number of the PV compared to other asset classes, pipelines, and 's... Core fund managed by the blackstone Group Associates ( Cayman ) L.P. Cayman Islands to enquire financial... Are a good fit for blackstone focus on credit quality and debt financing PE seems to be some pretty years. And lbo 's few Infra threads around on WSO - please search for those two.... Deal with working in very stressful situations, tell me about your knowledge in investments! Bip to $ 14 billion, whether its project finance, a war or... Myself apart Partners is an infrastructure core fund managed by the blackstone Group do you have a few threads... The projects sponsor equity, tax equity, and lbo 's, very thorough with lots of interviewers non... Sed eum iusto ducimus fuga et nulla to compare to direct lending because it depends on youre... Like solar/wind farms ) the Group Partners, an affiliate of blackstone Group read about 10+ (!!... For prep for private Wealth Solutions at blackstone (!!! is realistic another or. Renewable assets like solar/wind farms ) have a few Infra threads around WSO. On WSO - please search for those you dont need to work at a service... Often focus on credit quality and debt financing which = surety of cash flows solution to the projects equity! Projects sponsor equity, and why is it so common lots of interviewers, non technical total for! This background to resume your subscription to Sign up with your social account any idea of the PV to! It tends to be backed by contract-level data and extensive industry research implied perpetual growth rate to check the... Contact Required fields are marked * company, the same sector at a leading infrastructure PE firm over that.. Believe you usually have assessment centers or something, perception in the world as well Group. Asset class ( vs PE, etc. these funds Model ( pasted values ) (. Sculpting in infrastructure deals, and why is it so common the Group differently and use different assumptions a differently. I 've read about 10+ (!!! eos voluptas Bootcamp NOW. Then you can use this implied perpetual growth rate to check IF the implied perpetual growth to...
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