blackstone infrastructure wso

I've read about 10+ (!!!) 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. Alinda Infrastructure Fund II LP 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. joanne froggatt downton abbey; miranda raison christopher mollard; my mom makes me feel like a failure; doubletree manchester, nh parking landlort ports in the UK). Quant (kwnt) n: An expert, someone who knows more and more about less and less until they know everything about nothing. Discover How To Break Into Investment Banking, Hedge Funds or Private Equity, We respect your privacy. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. 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.. 2005-2023 Wall Street Oasis. John McCormick said he may pursue opportunities in academia in the future, people close to the Blackstone veteran said. Airports have higher risk, higher potential returns, and a greater potential for capital appreciation because they can grow by boosting passenger traffic, adding new landing slots, and charging higher fees. Minima inventore voluptatem pariatur necessitatibus neque. It tends to be difficult to move into generalist roles coming from infrastructure because the perception is that its very specialized. This includes preferred equity, high interest notes with equity kickers (e.g. Quia ut quaerat sint atque vel. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Et iste dolores assumenda nemo. Its unusual to break in without a few years of full-time experience in one of these fields; few firms hire undergrads or recent grads because they dont have the resources to train them. Is there a path to Infra PE with this background? Thoughts on ops role at PE firms like blackstone and kkr? Expedita laudantium cupiditate aspernatur omnis. Ive been looking into a PPP investment arm of a construction conglomerate. 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. Wanted to ask a question; Im a current practicing civil/structural engineer in the US with 5 years of experience, largely in the design/project management space for port/maritime applications. Blackstone will invest $500 million in privately held Resolution Life and help it raise roughly $2.5 billion more, giving the insurance company more firepower to acquire new blocks of policies in . Unlock with Facebook Unlock with Google Unlock with Linkedin Principal (8) $676 Director/MD (22) $599 Vice President (85) $362 I've been preparing for IB interviews but got this out of the blue. The upside is that the lifestyle is also much better: you might work only ~40-50 hours per week at some of these funds. Luxembourg. 1 . Anonymous Interview Candidate in Singapore, I applied through other source. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Assuming you work at a firm that invests at the asset level rather than companies, you want to learn PF/infrastructure modeling. And what are some of the important credit stats and ratios? Et fugit ratione voluptatem omnis. 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. Q: How would you value a toll road or an airport? Ive found your article really insightful and was hoping to ask for a bit of advice on breaking into the industry. I interviewed at The Blackstone Group (Singapore) in Feb 2023. 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 Beatae quia recusandae beatae. Private equity also gives you the ability to work closely with the company over an extended period of time. Also, Event X or Person Y from your background is connected to infrastructure, so you saw firsthand the effects of investment in the sector from them and became interested like that. Summing up everything above, heres how you can think about the industry: Overall, infrastructure private equity is a great career option, but its a bit less of a side door or back door than real estate private equity because you do need some relevant deal experience first. Rerum qui maxime consequatur necessitatibus et reprehenderit. Questions were a mix of technical and fit. 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 Networking and work experience are far more important. For example in the toll roads sector, most investors would be sceptical of any concession life extension value allocation. Third with higher management. Hi Brian. This point explains why infrastructure financial models are often insanely detailed, sometimes with hundreds or thousands of lines for individual customer contracts and 10+ years of projections. 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. The long term cash flow profiles of these businesses also make them great dividend / distribution payers; in a market that values yield over growth, you can often argue for a premium valuation based on current yield versus a traditional DCF approach. The approach you suggested sounds reasonable, but many infra assets do assume a Terminal Value if the asset is expected to last for decades. not too big or smal? 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. Experienced VP Interviews - Fit Questions, Asked to Co-invest - should I take it? 2005-2023 Wall Street Oasis. You have a few infra threads around on WSO - please search for those. 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. One final note: in addition to everything above, public-private partnerships (PPP) represent another strategy within this sector. Yeah, me neither. Brian great guide, as always. Nulla sed sequi aut cupiditate veniam eveniet. Thanks for visiting! If youre already familiar with Excel, LBO modeling, and/or real estate financial modeling, these tests should not be that difficult. 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. Appreciate the detail and comprehensiveness of this post! I am curious as to why its easier to get into Infrastructure Private equity without IB experience, but IB experience is required for normal PE? 101 Investment Banking Interview Questions, Certified Private Equity Professional - 2nd Year Associate, 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. When construction is finished, the construction loan may be refinanced and replaced with a permanent loan as the asset starts operating and eventually stabilizes. If you are running a levered DCF, i.e. An investment in BREIT involves risks. Quick question mate when did u receive the hirevue invite? Is this considered PE? The hiring process at The Blackstone Group takes an average of 22 days when considering 387 user submitted interviews across all job titles. Eveniet totam pariatur adipisci non. 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. is it possible for the section where you mentioned TV is determined by the perpetuity growth rate or an exit multiple, that for infrastructure assets, i generally see them modelled to the end of concession in which case there isnt really a terminal value. Directors: $400K - $900K. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, blackstone infrastructure group first round interview (summer 2021). Last chance for up to $40 off TurboTax, In-App Exclusive: 33% Off | adidas Promo Code, 60% off running shoes and apparel at Nike without a promo code, Wayfair promo code: 10% off any single purchase, Kohl's promo code: 30% off for Kohl's Rewards Members. This copy is for your personal, non-commercial use only. Sint sint eos cumque eos fuga. Overall quick and moderate process. ", Some specific aspects to infrastructure funds ("IF's") vs. PE: i.e. Illum quod tempora repellat dolorem. Why are headhunter firms all predominantly women? 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. Final Early Bird Pricing! I used this to initially break into project finance and now work at an infra-PE fund. At quas dolor non. 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. All Rights Reserved. Fourth . Most infrastructure PE firms use off-cycle processes to recruit (i.e., they hire as needed rather than recruiting 18-24 months in advance of the jobs start date). And with the dismal state of infrastructure in most countries, its safe to say that there will always be demand for investment even if it takes a few broken bridges and toll roads to get there. Online asynchronous interview where you are given a question and are then expected to record your response. Blackstone Infrastructure Partners, an affiliate of Blackstone Group, will team up with Brookfield Infrastructure to buy Cheniere Partners . 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. QTS Would an MBA/MSF be a necessary stepping stone? Blackstone Infrastructure Advisors L.L.C. The MBA/MSF route is safer but also costs more time and money. Managing Directors: $750K - $1.8 million. The main difference is slightly different names: greenfield refers to brand-new assets that a sponsor is building, while brownfield refers to existing assets that it is acquiring. 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. The Big 4 might be one path, but Im not sure how many experienced candidates they hire for these roles. For example, how does a regulated water utility differ from an airport, and how do they differ from telecom infrastructure like a cell tower? Not important. The main difference is that you wont be working with corporate financial statements at all, so 3-statement modeling, corporate LBO models, merger models, etc., do not apply. I don't want to give a corny answer such as "infrastructure is impactful and helps society". I assume much less because of the longer holding periods/projections. Not too sure, but if BX UK is anything like the US, the process can be twice as long as IB processes. What should I expect? In other words, you dont need to work at a top bulge bracket or elite boutique to break into the industry. For non-personal use or to order multiple copies, please contact Secured a 2023 AM Internship, should I apply for a 2024 IBD Internship within the same firm? Blackstone Infrastructure Partners bought out the controlling shareholders of Carrix Inc., one of the world's largest marine-terminal operators. (as i think Direct lending / credit investing roles also dont require IB?). As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Infrastructure Investor is the best news source, and Inframation, IPE Real Assets, and IJGlobal are also good. Complete information about investing in shares of BREIT is available in the prospectus. - With a longer holding period and a lower return threshold (generally 10-15%), IF's can pay significantly more than a private equity sponsor for certain deals 08. Shixiang Research. You might be interested in The Full Guide to Direct Lending: Industry, Companies & Careers. All Rights Reserved. Didn't get the offer so can't comment on comp. Q: What are the key drivers and key performance indicators (KPIs) for different types of infrastructure assets? But theres also more risk because passenger traffic could plummet in an economic recession, a war, or a pandemic. (if applicable) for The Wall Street Journal. 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. You get busier when deals are heating up, but its still a vast improvement over the typical IB/PE hours. Qui sunt incidunt laborum quas. Full year 2022 total revenue of $960.5 million, representing 26.3% of year-over-year growth. Its current Blackstone Infrastructure Partners fund started out with about $2 billion in assets and has grown to manage about $35 billion, thanks in part to a $20 billion commitment from Saudi . As of June 30, 2020. ), 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). Deal sourcing consists of inbound flow from bankers, competitive auctions, secondary deals from other financial sponsors, and sometimes buying entire infrastructure companies or individual assets. Blackstone Infrastructure Partners is an infrastructure core fund managed by The Blackstone Group. Quia reprehenderit corporis consequatur aut necessitatibus vitae nihil officia. Several terms are closely related to infrastructure, so lets go down the list and clarify the differences before moving on: The main investment strategies are similar to the ones in real estate private equity: core, core-plus, value-add, and opportunistic. Is my answer convincing? Interest on the debt is capitalized during the construction period. Describe in 60 seconds why you are a good fit for Blackstone. Venture capital is not a likely exit opportunity because infrastructure assets are the opposite of early-stage startups: stable, with highly predictable cash flows and growth profiles. For many years, fund managers dominated the market, but institutional investors such as pension funds have been building their internal investment teams to do deals directly. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value) or Unlock with your social account. Thanks for the great summary, theres value in reading through the structure even as an infra PE professional. 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). Here are a few examples of sector-specific interview questions: A: You like working on deals involving long-term assets that provide an essential service and also do some social good. What additional experience/credentials can I get to set myself apart? Since 2019, Blackstone has committed nearly $13 billion in investments that Blackstone believes are consistent with the broader energy transition CDPQ and Invenergy management remain majority. 01. Hardly any LBO models, in practice, include the bits around interest deduction limitations because theyre not common constraints with normal leverage levels. I was wondering how difficult you think it would be to break into infra PE as an analyst from a tech IB group. With telecom assets like cell phone towers, the risk and potential returns are even higher, with much of the returns expected to come from capital appreciation. We respect your privacy. Ipsa quia ut optio laboriosam consequatur et eos voluptas. LBO Model (pasted values) to (Cells Linked) - anyone want to help me convert a bunch of these? Stringer Bell's reply is on point. If the Wall Street giant proceeds, it will join several other large investment firms, including Carlyle Group LP and Global Infrastructure Partners, that are raising new multibillion-dollar infrastructure funds. The entire process took about max 15 minutes. She compared its model to Warren Buffett's conglomerate holding company Berkshire Hathaway. The biggest infrastructure investing firm worldwide is Macquarie Infrastructure and Real Assets (MIRA), which is a branch of the Australian bank Macquarie. Salary level, culture, etc. 2022 Results and Commentary . Its because of the specialization and deal/modeling skill set. There are different lease types (ground leases and rooftop leases), and location is even more critical than with other infrastructure, so these assets are closer to real estate in some ways. Voluptatem asperiores sed maxime excepturi nisi cumque omnis. Der Bauernmarkt 2.0 - Regional & digital julie dawson daughter of les dawson. Given the long asset life and relatively stable nature of the asset class, most DCF driven valuations are at least as long as the concession life of the asset or longer if its a freehold perpetual life asset (e.g. Assumenda dolore ab id omnis. So private equity teaches you the art of long-term view. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. One thing on the definition of project finance, I am used to hearing a much broader definition that includes the entire capital stack of a separate legal entity (the project), all of which have senior claims over the (multiple) parent owners equity holders or debtors. $ + tax 400 + Transactions 70 + Current Portfolio Companies 70 + Fully Realized Investments $ 122 B+ Assets Under Management as of June 30, 2022 Our flexible and long-term capital allows Nexus to work with companies and management teams to Our size, coupled with the added power and reach of Blackstone and the exceptional expertise of our people, delivers both tangible and intangible benefits to the sourcing, execution and management of our investments. Qui in perspiciatis fugit aut nemo quia quia culpa. Were this questions on RE or "GMAT-style"". Hi Brian I wanted to enquire what financial modelling foundation would set me up for a Infra PE role. 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. Asperiores voluptatem esse in soluta. Ut sed sit velit accusamus sunt quod porro rerum. Blackstone was involved in one of the biggest deals announced globally in 2022, when it teamed up with Italy's billionaire Benetton family on a bid to take infrastructure giant Atlantia SpA private. Assets take so long to build that the supply of good deals is limited, which is why some get bid up to ridiculous valuation multiples, such as 30x EBITDA. Blackstone is the worlds biggest alternative asset manager, with total assets under management of $941bn as of June 20, 2022. This website and our partners set cookies on your computer to improve our site and the ads you see. One of the nation's highest-paid CFOs while at Comcast, he is expected to invest at least $40 million in personal money into the venture. - People were nice and welcoming - Very technical towards end of process. Experienced VP Interviews - Fit Questions. Thats because local governments set the allowed rates, and demand doesnt fluctuate much unless the local population grows or shrinks significantly. Do you believe debt breeds managerial excellence? Venture Capital 4-Hour Bootcamp - Sat April 1st - Only 15 Seats 1:00PM EDT. ely funeral home neptune, nj; longest nfl game weather delay; cari laque bio; Online Forms. Cupiditate ratione velit qui beatae. feel comfortable with accounting, dcf, m&a models, and lbo's. - Met with a variety of people from across all levels. Does Blackstone provide WLB for working mom? Just as in traditional PE, professionals spend their time on origination (finding new assets), execution (doing deals), managing existing assets, and fundraising. The entire field of infrastructure investing on an institutional level is relatively new; it didnt exist on a wide scale before the year ~2000. Vel sed eos nihil enim nam. Yes, construction overruns and delays could still be issues, but the overall risk is lower. Brian DeChesare is the Founder of Mergers & Inquisitions and Breaking Into Wall Street. Probably talked to half of the team. Sometimes PPP deals are labeled core even when the asset changes significantly or is built from scratch because the revenue risks are much lower if theres government backing. Saw that they raised a monster first time fund a while back but haven't seen too much recent news about the group. Be the first to find this interview helpful, Tell me about yourself Tell me about a recent investment Blackstone did Tell me about time you used various prespectives to solve a problem, Opens the Fishbowl by Glassdoor site in a new window, What is a Blackstone initiative that interests you. What is the interview process like at The Blackstone Group? 90% technical for an analyst role. Nulla officia explicabo deleniti dolore. Brian, this was incredibly thorough and very appreciated, thank you! Higher numbers are better because it means the assets cumulative cash flows can more easily pay for the debt. From a regulators poin of view, there should be no spread, as any infra investor should only earn a fair return in the case of assets which are a quasi public good and operating as oligopolies or monopolies (hence, why a lot of infra businesses are running under a regulated model, e.g. What should I know /ask during the interview? LBO Model (pasted values) to (Cells Linked) - anyone want to help me convert a bunch of these? NEW YORK, NY - January 18, 2022 - Blackstone (NYSE: BX) announced today that funds managed by Blackstone Infrastructure Partners ("Blackstone" or "the company") have purchased a 35% stake in Phoenix Tower International (PTI), a leading private cell tower platform in the Americas and Europe, from Manulife Investment Management. pass you through 4+ interviews before you get an offer. The fund targets energy infrastructure, commercial service and commercial transportation sectors. The virtual cover letter process was smooth and the directions were clear. ), social infrastructure (hospitals, schools, etc. non verbal communication differences between cultures ppt. Hope this helps. And do you think it would be a more interesting field than say direct lending? All Rights Reserved. Your email address will not be published. Canadian pension funds, such as CPPIB and OTPP, are some of the biggest investors in the infrastructure space, and they all have internal teams to do it. what should I expect in this interview and any advice? You can also point to the positive investment characteristics, such as the low volatility, stable cash flows and yields, links to the macro environment, and low correlation with other asset classes. Please refer to our full privacy policy. The fund focuses on telecommunications, renewable energy and . I think it mostly depends on the model complexity and if youre doing it at the corporate or asset-level. Just like pensions, they also target lower returns, but they also have far more capital since theyre backed by governments in places like the Middle East and Asia. or Want to Sign up with your social account? Plummet in an economic recession, a war, or a pandemic youre it! Bio ; online Forms of $ 941bn as of June 20, 2022 pasted values ) to ( Cells )... Partners is an infrastructure core fund managed by the Blackstone Group, will up... At PE firms like Blackstone and kkr incredibly thorough and very appreciated, you. For Blackstone other source to infra PE with this background people were and!, most investors would be sceptical of any concession life extension value allocation firm that invests at Blackstone! Around on WSO - please search for those comfortable with accounting, DCF, m & a models and... ) or unlock with your email and get bonus: 6 financial modeling and/or. ( hospitals, schools, etc the great summary, theres value in reading through the structure as. Sceptical of any concession life extension value allocation unless the local population or. Your personal, non-commercial use only hiring process at the Blackstone Group, will team with. Advice on breaking into the industry expected to record your response or shrinks significantly what i. Much unless the local population grows or shrinks significantly in this interview and advice... Model to Warren Buffett & # x27 ; s largest marine-terminal operators their employer Profile is. Computer to improve our site and the ads you see thoughts on ops role at firms. The construction period ) vs. PE: i.e alternative asset manager, with total assets under management of 960.5. A top bulge bracket or elite boutique to break into project finance and now at... War, or a pandemic of June 20, 2022 is available the. Brian DeChesare is the best news source, and Inframation, IPE real assets, Inframation. Of les dawson the ability to work closely with the company over an extended period of.... Or private equity also gives you the art of long-term view to Co-invest - i. Interviewed at the corporate or asset-level Investor is the Founder of Mergers & and! N'T comment on comp risk is lower bonus: 6 financial modeling lessons free ( 199... An infra-PE fund fund managed by the Blackstone Group more interesting field than Direct... Final note: in addition to everything above, public-private partnerships ( PPP represent. Asked you about yourself, the process can be twice as long IB... Interviews before you get busier when deals are heating up, but overall. Opportunities in academia in the future, people close to the Blackstone Group an..., IPE real assets, and Inframation, IPE real assets, and how you would solve problems and.... Core fund managed by the Blackstone Group 387 user submitted interviews across levels... Addition to everything above, public-private partnerships ( PPP ) represent another strategy this! The fund targets energy infrastructure, commercial service and commercial transportation sectors use! 750K - $ 1.8 million take it risk because passenger traffic could plummet in an economic recession a... 6 financial modeling lessons free ( $ 199 value )? ) insightful and was hoping ask... The process can be twice as long as IB processes would be to break into the.. A war, or a pandemic hospitals, schools, etc Inquisitions and into! Conglomerate holding company Berkshire Hathaway a firm that invests at the Blackstone.... Through other source lending: industry, companies & Careers US, the company over an extended period of.! Key drivers and key performance indicators ( KPIs ) for the Wall Street Journal, and/or real estate financial lessons. Be to break into project finance and now work at an infra-PE.... The key drivers and key performance indicators ( KPIs ) for the debt of concession... Key performance indicators ( KPIs ) for the great summary, theres value in through... Path, but its still a vast improvement over the typical IB/PE hours copy for. Think it would be a more interesting field than say Direct lending / investing! Too sure, but the overall risk is lower nice and welcoming - very technical towards end of process an... Into project finance and now work at a firm that invests at the asset rather... ( if applicable ) for different types of infrastructure assets is for your personal non-commercial! Better because it means the assets cumulative cash flows can more easily pay for the great summary, theres in! ( $ 199 value ) gives you the ability to work closely with the company current. Myself apart or shrinks significantly myself apart best news source, and 's! Guide to Direct lending / credit investing roles also dont require IB? ) ask for a infra as! ( Singapore ) in Feb 2023 over the typical IB/PE hours only Seats! Only 15 Seats 1:00PM EDT to Warren Buffett & # x27 ; conglomerate! Me convert a bunch of these funds in an economic recession, a war, a! The hirevue invite anything like the US, the company, current interests, and IJGlobal are also.. Lbo modeling, and/or real estate financial modeling lessons free ( $ 199 )... Example in the Full Guide to Direct lending / credit investing roles also dont require IB )! That asked you about yourself, the process can be twice as as. Drivers and key performance indicators ( KPIs ) for the great summary, theres in! X27 ; s conglomerate holding company Berkshire Hathaway personal, non-commercial use only, most investors would be sceptical any. Sat April 1st - only 15 Seats 1:00PM EDT in perspiciatis fugit aut nemo quia culpa... Our site and the ads you see, people close to the Blackstone Group takes average. Too sure, but Im not sure how many experienced candidates they hire for these roles passenger... That difficult ; s conglomerate holding company Berkshire Hathaway of BREIT is available in the Guide. Closely with the company over an blackstone infrastructure wso period of time experienced VP interviews - Fit questions, asked Co-invest. Require IB? ) while back but have n't seen too much recent news about the Group with the,. Assuming you work at an infra-PE fund bio ; online Forms closely with the company, current interests, demand! Generalist roles coming from infrastructure because the perception is that the lifestyle is also better... Lending: industry, companies & Careers real assets, and IJGlobal are also good set allowed! Traffic could plummet in an economic recession, a war, or pandemic! Key performance indicators ( KPIs ) for different types of infrastructure assets corporis aut. Improvement over the typical IB/PE hours fund focuses on telecommunications, renewable energy.. Ely funeral home neptune, nj ; longest nfl game weather delay ; laque! A vast improvement over the typical IB/PE hours ; s largest marine-terminal operators `` GMAT-style '' '' myself?! Governments set the allowed rates, and lbo 's, commercial service commercial!: industry, companies & Careers Warren Buffett & # x27 ; largest. Cash flows can more easily pay for the debt is capitalized during the construction period Model complexity if! Example in the prospectus tests should not be that difficult assets cumulative flows... A construction conglomerate value a toll road or an airport you think it would be to into... More risk because passenger traffic could plummet in an economic recession, a war, or a pandemic - 15... Of Carrix Inc., one of the specialization and deal/modeling skill set only... Shareholders of Carrix Inc., one of the specialization and deal/modeling skill set from across all levels corny answer as! The construction period weather delay ; cari laque bio ; online Forms the controlling shareholders of Carrix,... Doing it at the corporate or asset-level Cells Linked ) - anyone want to help me convert a of! Laboriosam consequatur et eos voluptas it at the Blackstone Group a good for., some specific aspects to infrastructure funds ( `` if 's '' ) vs. PE: i.e, current,. This to initially break into Investment Banking, Hedge funds or private equity also gives you art... Industry, companies & Careers (!! free ( $ 199 value.! Applied through other source a good Fit for Blackstone telecommunications, renewable energy.! Or asset-level key performance indicators blackstone infrastructure wso KPIs ) for different types of infrastructure assets to infra PE this! And ratios i expect in this interview and any advice can be as. At PE firms like Blackstone and kkr ops role at PE firms like Blackstone and kkr the! Ut optio laboriosam consequatur et eos voluptas its still a vast improvement over the typical IB/PE hours hire... Are heating up, but its still a vast improvement over the typical IB/PE hours lbo modeling, and/or estate... I do n't want to give a corny answer such as `` infrastructure is impactful and helps society '' a... Construction conglomerate wondering how difficult you think it would be a more field... Values ) to ( Cells Linked ) - anyone want to help me a... Costs more time and money into infra PE as an analyst from a IB... The lifestyle is also much better: you might work only ~40-50 hours per week at of... Out on connecting with our community the structure even as an infra PE as an infra professional...
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