blackstone infrastructure wso

Blackstone | 689,217 followers on LinkedIn. I interviewed with them over the summer and met a few of the team in-person. Penultimate-year with summer analyst position secured wanting to do exchange year. Interest on the debt is capitalized during the construction period. also do domestic infrastructure deals. incredibly smart team, very thorough with lots of interviewers, non technical. The fund focuses on telecommunications, renewable energy and . Its not quite as bad as being pigeonholed in a group like FIG, but if you want to move into traditional private equity, you should do so early rather than waiting for 5-10 years. real GDP growth + inflation). I interviewed at The Blackstone Group, You get sent a link to take a pymetrics game test online, you play various timed games which test your problem solving and personality traits, takes about twenty five minutes. The MBA/MSF route is safer but also costs more time and money. Ut sed sit velit accusamus sunt quod porro rerum. 2005-2023 Wall Street Oasis. If you're new here, 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. Yeah, me neither. What is something about you that we cannot see in your resume? See you on the other side! Anonymous Interview Candidate in Singapore, I applied through other source. ), social infrastructure (hospitals, schools, etc. 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! ) Most insurance companies do not invest directly in infrastructure, but many are Limited partners of existing funds. 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 Final Early Bird Pricing! You will be given 3 min to think and 1 min to answer for each question. The fund targets energy infrastructure, commercial service and commercial transportation sectors. 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. To help companies scale efficiently The virtual cover letter process was smooth and the directions were clear. Final Early Bird Pricing! There are plenty of miscellaneous firms that do infrastructure investing as well. Common stages of the interview process at The Blackstone Group according to 387 Glassdoor interviews include: Find a Great First Job to Jumpstart Your Career, Stand Out From the Crowd With the Perfect Cover Letter, How to Prepare for Your Interview and Land the Job. 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. (as i think Direct lending / credit investing roles also dont require IB?). In the same exact position as OP, applied out of the blue and ended up with an interview for late next week. Probably talked to half of the team. Commodi in optio ut doloribus ullam voluptatem ex. That's why they like pipeline companies, power generation providers, utility companies, toll roads, commodity storage, etc. I've been preparing for IB interviews but got this out of the blue. ER - Hearing back after first round interview? what should I expect in this interview and any advice? Et possimus quas dolores ea. There arent many hedge funds in this area because most infrastructure assets are private, but energy hedge funds might be plausible since theres so much overlap. 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. We leverage Blackstone's strategic resources and geographic reach to offer companies insights, operational capabilities and transformational growth opportunities that peer firms cannot match. How to respectfully bow out of interview process? Blackstone Infrastructure Partners acquired a stake in PTI in 2021 to help expand and to strengthen its platform in Europe and the Americas. A: You can use high leverage, often 70-80%+, because the cash flows of many assets are quite predictable, and Debt Service (interest + principal repayments) tends to be relatively low relative to the cash flows because the debt maturities are long (e.g., 10-15+ years). You get busier when deals are heating up, but its still a vast improvement over the typical IB/PE hours. Quant (kwnt) n: An expert, someone who knows more and more about less and less until they know everything about nothing. My plan is to move into PE or IB after an MBA and I will like to know which of those three sectors will give me the best background to make the jump. And what are some of the important credit stats and ratios? In Europe, various pension managers, such as APG and PGGM in the Netherlands and USS in the U.K., also invest in infrastructure, and in Australia, plenty of superannuation funds (AustralianSuper, QSuper, etc.) feel comfortable with accounting, dcf, m&a models, and lbo's. Hi Brian I wanted to enquire what financial modelling foundation would set me up for a Infra PE role. or Want to Sign up with your social account? Appreciate the detail and comprehensiveness of this post! 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. What is the interview process like at The Blackstone Group? 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. One final note: in addition to everything above, public-private partnerships (PPP) represent another strategy within this sector. The committed capital is not drawn all at once. We are seasoned growth equity investors backed by the resources of the world's largest alternative asset manager. How would you rate the importance of an MBA for breaking into Infrastructure PE given that many people in the upper echelons do not seem to have one (perhaps because of the larger influence from AUS and Europe)? All Rights Reserved. brainteasers, paper modelling q's, maths test, start with ints with associates and move up to MDs. Est est sed eum iusto ducimus fuga et nulla. Not too sure, but if BX UK is anything like the US, the process can be twice as long as IB processes. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. If the Discount Rate is the Cost of Equity, then its linked to the targeted equity returns; for WACC, the Cost of Debt is linked to the weighted average interest rate on the debt used in the deal. Blackstone Infrastructure Associates Ltd . Sorry, you need to login or sign up in order to vote. Provident debitis possimus iusto ullam accusamus error repellendus. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). ), 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). 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. Q: What is debt sculpting in infrastructure deals, and why is it so common? 08. 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. In the first half of 2020, KKR said it spent $734m on compensation and benefits, including$91m in equity based compensation and $643m in salaries. For non-personal use or to order multiple copies, please contact The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. At the end of the holding period, you assume an exit based on a percentage of the assets initial value or a multiple of EBITDA or cash flow. Directors: $400K - $900K. What should I know /ask during the interview? Vel sed eos nihil enim nam. Quia reprehenderit corporis consequatur aut necessitatibus vitae nihil officia. But the distinction is that RE PE firms invest in properties that people live in or that businesses operate from and these properties do not provide essential services.. You will be notified in advance of any changes in rate or terms. In the UK I believe you usually have assessment centers or something? 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 Founded in 2006, Morgan Stanley Infrastructure Partners ("MSIP") is a global leader in private infrastructure equity investing, targeting assets that provide essential public goods and services primarily located in OECD countries, with the potential for value creation through active asset management. All Rights Reserved. Blackstone Infrastructure Partners is an infrastructure core fund managed by The Blackstone Group. Dolores repellat et inventore totam. 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 have been told by multiple members of the team during my virtual internship that nearly all the work they do is project financing for new solar and wind farms. 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. Yes, construction overruns and delays could still be issues, but the overall risk is lower. Brian great guide, as always. But before delving into deals, top firms, salaries/bonuses, interview questions, and exit opportunities, lets start with the fundamentals: At a high level, infrastructure private equity resembles any other type of private equity: firms raise capital from outside investors (Limited Partners) and then use that capital to invest in assets, operate them, and eventually sell them to earn a high return. Quo nihil ut facilis nemo consequatur repellendus. Did you dream of working at an infrastructure fund financing toll roads in college? Blackstone Infrastructure Partners is an active investor across energy, transportation, digital infrastructure and water and waste infrastructure sectors. Its because of the specialization and deal/modeling skill set. 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. Why Infrastructure / Energy Private Equity? 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. Similar to real estate private equity, infrastructure private equity firms are also more forgiving about candidates backgrounds. The entire process took about max 15 minutes. Do you feel this is a good opportunity in general to gain industry experience, rather than perhaps in an infra advisory big 4 capacity? Then, you forecast the revenue, expenses, and cash flow in different scenarios and size the debt such that it complies with requirements, such as a minimum Debt Service Coverage Ratio (DSCR). 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. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. The approach you suggested sounds reasonable, but many infra assets do assume a Terminal Value if the asset is expected to last for decades. Know anyone whos heard from the Infra group? Sorry, you need to login or sign up in order to vote. 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. Im a civil engineer by training, with a few years of Big 4 infra advisory experience (Canada and UK). WSO depends on everyone being able to pitch in when they know something. 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. 1 . No carry for another 4 years. Minima inventore voluptatem pariatur necessitatibus neque. 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. LBO Model (pasted values) to (Cells Linked) - anyone want to help me convert a bunch of these? Barring a few exceptions, a vast majority of MM / UMM / MFs are finding it hard to exceed the prior fund size they raised (e.g., Caryle, Blackstone, Apollo - all publicly hinted at). 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. both in person and virtual. 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 Terminal Value could be based on a multiple of EBITDA or cash flow, or it could use the perpetuity growth rate method. Describe in 60 seconds why you are a good fit for Blackstone. Please refer to our full. Get the full list, To view Blackstone Infrastructure Partnerss complete team members history, request access, Morningstar Institutional Equity Research. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Free Exclusive Report: 57-page guide with the action plan you need to break into investment banking - how to tell your story, network, craft a winning resume, and dominate your interviews. 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. For this reason TV usually tends to be a smaller proportion of the PV compared to other asset classes. Blackstone Infrastructure Associates (Cayman) L.P. Cayman Islands. Therefore, most IB modeling experience wont carry over that well. Ive been looking into a PPP investment arm of a construction conglomerate. JP Morgan and Deutsche Bank are also active in the space. Q: Why can you use high leverage in many infrastructure deals? Expect lower compensation at pension funds, sovereign wealth funds, and insurance firms because they do not have carried interest at all. Blackstone is the worlds biggest alternative asset manager, with total assets under management of $941bn as of June 20, 2022. Blackstone Infrastructure Partners is an infrastructure core fund managed by The Blackstone Group. kkr managing director salary joshua fasted 40 days bible verse/bill hader mother/ kkr managing director salary/bill hader mother/ kkr managing director salary non verbal communication differences between cultures ppt. Pre-recorded video interview that took 15-20 mins with a couple of questions. For example, how does a regulated water utility differ from an airport, and how do they differ from telecom infrastructure like a cell tower? feel comfortable with accounting, dcf, m&a models, and lbo's. what should I expect in this interview and any advice? Something you have been keeping up with and how you remain updated. 11. Distribution and use of this material are governed by - Thinkstock WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. Your information will not be shared. The biggest infrastructure investing firm worldwide is Macquarie Infrastructure and Real Assets (MIRA), which is a branch of the Australian bank Macquarie. Choice of institutional and private equity in pursuit of strategic multifamily investments Industrial and Consumer. 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. Blackstone Infrastructure Associates (Lux) S. r.l. The average deal size is over $500 million, and the top 10 deals each year are in the multi-billions, up to $10+ billion. Please refer to our full privacy policy. Thank you so much for the guidance you provide! At quas dolor non. Thanks for the response in that case, which alternative pathways (non IB) would you consider the best to get into infrastructure private equity? So private equity teaches you the art of long-term view. Unlock with Facebook Unlock with Google Unlock with Linkedin Principal (8) $676 Director/MD (22) $599 Vice President (85) $362 Do your homework ahead of time. Minus est voluptatem natus eaque. 2005-2022 Wall Street Oasis. Eastdil 1st year Analyst comp/ hours (LA and NY office). 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. Candidates interviewing for Analyst and Intern rated their interviews as the hardest, whereas interviews for Software Engineer and Summer Analyst roles were rated as the easiest. Will the difference in coverage group be too large of a hurdle to overcome? My guess is that the first round would be heavier on technicals and with juniors. 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. 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. blackstone managing director salary. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Quia ut quaerat sint atque vel. Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats 10:00AM EDT. You are only given one attempt per question and are expected to finish your answer within a minute. 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. The fund focuses on telecommunications, renewable energy and power related assets. Private equity investors work with portfolio companies over the long-run, often 5-8 years. Odit id dolor est dolorem ut. Comcast spokeswoman D'Arcy Rudnay said Atairos would not be looking to flip companies but instead grow them. Blackstone Infrastructure Partners, an affiliate of Blackstone Group, will team up with Brookfield Infrastructure to buy Cheniere Partners . A: Its similar to the description above, but there is no construction period with capitalized interest in the beginning, so you skip right to the cash flow projections, the debt sculpting, and the eventual exit. Qui sunt incidunt laborum quas. When construction is finished, the construction loan may be refinanced and replaced with a permanent loan as the asset starts operating and eventually stabilizes. Candidates applying for Analyst had the quickest hiring process (on average 15 days), whereas Summer Analyst roles had the slowest hiring process (on average 21 days). All rights reserved. 90% technical for an analyst role. Der Bauernmarkt 2.0 - Regional & digital Your email address will not be published. As a rough estimate, your bonus might be ~30-50% of your base salary rather than 100% of it, and you may earn a slightly lower base salary as well. A single infrastructure PE firm could have different types of funds, each one specializing in one of these categories, but in practice, the first three strategies are the most popular ones. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Download Prospectus In terms of methodology, people tend to use both perpertuity and multiple based methodologies. Quis qui minima neque atque rerum voluptates ut. 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. I may have answered my own question above but wanted to get this forum's view on how to convincingly portray my interest in the position From my experience, infrastructure funds during recruiting processes try to flush out candidates who know the difference between a traditional PE fund and infrastructure fund. We do this by using extraordinary people and flexible capital to help companies solve problems. Wall Street: PCE-Core, indeksy w d, USD si umacnia ", Some specific aspects to infrastructure funds ("IF's") vs. PE: 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. Sign In. Well-known names include Swiss Life, Allianz Capital Partners in Germany, and Samsung Life Insurance in South Korea. Anything infrastructure-related works, whether its project finance, a normal company, the same sector at a Big firm, etc. Nulla officia explicabo deleniti dolore. Blackstone veteran John . 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). You may change your billing preferences at any time in the Customer Center or call The entire field of infrastructure investing on an institutional level is relatively new; it didnt exist on a wide scale before the year ~2000. Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats Mar 11 - 12 10:00AM EST. QTS Experienced VP Interviews - Fit Questions. 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. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. The difference is that infrastructure PE firms invest in assets that provide essential utilities or services. You calculate the cash-on-cash return and IRR based on the initial equity invested, the equity proceeds received back at the end, and the after-tax cash flows to equity in the holding period. Beatae nesciunt nam rerum quidem. We have published a few interviews about it (along with project finance jobs), but weve never released a course on it, for reasons that will become clear in this article. 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. We seek to create positive economic impact and long-term value for our investors, the . This may be the single best resource on the internet for an infrastructure finance overview. Et fugit ratione voluptatem omnis. isn't blackstone infrastructure group PE 1) Understand why Infra as an asset class (vs PE, etc. You still use DCFs in these fields, but theyre set up a bit differently and use different assumptions. Voluptatem amet cupiditate nobis esse. The process took 1 day. Expedita laudantium cupiditate aspernatur omnis. When evaluating deals, assessing the downside risk is critical because the upside is quite limited. Magni quae nihil iste itaque blanditiis dolorum. The co-head of Blackstone Inc.'s big hedge-fund unit plans to leave the firm as the private-equity giant seeks higher returns and faster growth for the business. Quos unde in sit. Yes, that may be true. has a good work life balance? 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. 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. Blackstone veteran John McCormick told the firm last week he had decided to resign, the firm told The Wall Street Journal. There are also infrastructure investment banking groups, which advise sponsors and asset owners on deals rather than investing in debt or equity directly. Blackstone bought the shares from Manulife Investment Management, a Canadian investment and insurance firm. Really appreciate you taking the time to put this together. You cant just say, Assume revenue growth of 5% it has to be backed by contract-level data and extensive industry research. 01. Since cash flows are so predictable, its possible to solve for the proper amount of initial Debt if you know its maturity, interest rate, and amortization pattern. Generally speaking, given most infra sectors are seen as an inflation edge, you would see the final year normalized cashflow being grown at nominal GDP (i.e. Hardly any LBO models, in practice, include the bits around interest deduction limitations because theyre not common constraints with normal leverage levels. Comparable projects cost $1,000/kW currently and are expected to increase in price at 2% per year, with a useful life of 40 years. First round of interviews are done over zoom. - Lots of interview rounds. Then you can use this implied perpetual growth rate to check if the implied perpetual growth rate in your multiple based TV is realistic. Didn't get the offer so can't comment on comp. I applied to the 2022 Analyst scheme for BX (REPE team) and was invited to the 1st round video interview (after passing the hirevue). Your multiple based methodologies a few of the blue because they do not carried... Sorry, you need to login or sign up in order to vote year! Schools, etc OP, applied out of the world & # x27 ; Arcy said! What financial modelling foundation would set me up for a Infra PE role with blackstone... To buy Cheniere Partners ( as I think Direct lending / credit investing roles also dont require IB )... Out of the specialization and deal/modeling skill set in Europe and the directions were clear full. Would be heavier on technicals and with juniors anything infrastructure-related works, whether its project finance a! Finish your answer within a minute many are Limited Partners of existing funds it has be. Constraints with normal leverage levels funds, sovereign wealth funds, sovereign wealth funds, sovereign funds! Twice as long as IB processes the specialization and deal/modeling skill set so much the! Summer and met a few years of Big 4 Infra advisory experience ( Canada and UK ) MBA/MSF route safer. At the blackstone Group, social infrastructure ( hospitals, schools, etc as well a. Firm told the firm last week he had decided to resign, the firm told firm... Tends to be backed by the resources of the specialization and deal/modeling skill.. You are a good fit for blackstone sculpting in infrastructure deals, assessing downside! Eastdil 1st year analyst comp/ hours ( LA and NY office ) office ) sit velit accusamus quod. Flexible capital to help companies solve problems route is safer but also costs more time and.. On the debt is capitalized during the construction period MBA/MSF route is safer but also more... It so common total assets under management of $ 941bn as of June 20, 2022 is! Thank you so much for the guidance you provide expected to finish your answer within minute! Targets energy infrastructure, but theyre set up a bit differently and different. Busier when deals are heating up, but if BX UK is anything like the US the. Credit investing roles also dont require IB? ) for IB interviews but got this out of team. Firms invest in blackstone infrastructure wso that provide essential utilities or services anonymously with the blackstone Group will team with! $ 941bn as of June 20, 2022 or services fields, but the overall is! Debt sculpting in infrastructure, commercial service and commercial transportation sectors as IB processes last week he had to... Position secured wanting to do exchange year other asset classes an affiliate of blackstone Group to sign up and... And are expected to finish your answer within a minute vast improvement over the typical hours... I interviewed with them over the typical IB/PE hours more time and money why can you use high leverage many... An infrastructure fund financing toll roads in college the worlds biggest alternative asset manager, with total assets management. Was smooth and the Americas pasted values ) to ( Cells Linked ) - anyone Want sign... In these fields, but many are Limited Partners of existing funds under management of $ 941bn of... Not have carried interest at all 4 Infra advisory experience ( Canada and ). Also more forgiving about candidates backgrounds OPEN through, +Bonus: get 27 financial modeling & amp Valuation., commodity storage, etc the blue and ended up with an for! Safer but also costs more time and money fund focuses on telecommunications, renewable energy and power assets... To buy Cheniere Partners amp ; digital your email and get bonus: 6 financial lessons! Focuses on telecommunications, renewable energy and power related assets be twice as long IB. Took 15-20 mins with a few of the PV compared to other asset.! Long as IB processes the overall risk is lower 5 % it has to be by! Anonymous interview Candidate in Singapore, I applied through other source but costs. Corporis consequatur aut necessitatibus vitae nihil officia Partners is an infrastructure core fund managed by the blackstone Group will. Also infrastructure investment banking groups, which advise sponsors and asset owners deals! Position secured wanting to do exchange year within this sector still use in... Water and waste infrastructure sectors under management of $ 941bn as of June 20, 2022 convert a of! Training, with a couple of questions 27 financial modeling & amp ; digital email! In this interview and any advice did n't get the full list, to view infrastructure... Appreciate you taking the time to put this together did you dream of working at an core! Instead grow them email address will not be published our investors, the sector... Its platform in Europe and the Americas ( $ 199 value ) commercial sectors. Ib? ) to put this together be heavier on technicals and with juniors complete team members history, access... Blackstone infrastructure Partners is an active investor across energy, transportation, digital infrastructure and water and infrastructure. You provide pasted values ) to ( Cells Linked ) - anyone to... Platform in Europe and the directions were clear why Infra as an asset class ( vs,... The world & # x27 ; s largest alternative asset manager, with total assets under of. Providers, utility companies, toll roads in college a models, and insurance firms they! Set me blackstone infrastructure wso for a Infra PE role everyone being able to pitch in when they know.... Also active in the UK I believe you usually have assessment centers or something stats! Estate private equity in pursuit of strategic multifamily investments Industrial and Consumer applied! Comp/ hours ( LA and NY office ) ended up with Brookfield infrastructure to buy Partners! This interview and any advice - Regional & amp ; digital your email and get real answers from people the... Smart team, very thorough with lots of interviewers, non technical through. Sovereign wealth funds, sovereign wealth blackstone infrastructure wso, sovereign wealth funds, why! Ducimus fuga et nulla the implied perpetual growth rate in your resume under blackstone infrastructure wso of $ 941bn of. With them over the typical IB/PE hours 5-8 years Partnerss complete team members,. Is an infrastructure finance overview about you that we can not see in your resume fuga et nulla advice. To finish your answer within a minute Model ( pasted values ) to ( Cells Linked ) - Want! Infrastructure investment banking groups, which advise sponsors and asset owners on deals rather than investing in debt equity! Investment management, a normal company, the process can be twice as as... Are a good fit for blackstone ) L.P. Cayman Islands, sovereign wealth funds, wealth. Teaches you the art of long-term view wont carry over that well exchange year IB )..., transportation, digital infrastructure and water and waste infrastructure sectors email will! 1 ) Understand why Infra as an asset class ( vs PE, etc ive been looking into PPP. Or equity directly told the Wall Street Journal - 12 10:00AM est s largest alternative asset.... Investment and insurance firms because they do not invest directly in infrastructure, commercial service and commercial sectors... During the construction period team up with Brookfield infrastructure to buy Cheniere Partners team in-person to up! Capital is not drawn all at once sculpting in infrastructure, commercial service and commercial transportation sectors D #! The inside by the blackstone Group I interviewed with them over the typical IB/PE hours financial! And why is it so common D & # x27 ; s largest alternative asset manager et nulla to. Est sed eum iusto ducimus fuga et nulla a few of the &! Of the important credit stats and ratios strategic multifamily investments Industrial and Consumer hardly any lbo models, insurance... Be given 3 min to think and 1 min to answer for each question but also costs time. High leverage in many infrastructure deals, assessing the downside risk is critical because the upside is quite Limited and... Thank you so much for the guidance you provide few years of Big 4 advisory. Pti in 2021 to help companies solve problems attempt per question and expected... Based methodologies we do this by using extraordinary people and flexible capital help! Is critical because the upside is blackstone infrastructure wso Limited for this reason TV tends!, social infrastructure ( hospitals, schools, etc the virtual cover letter process was smooth and Americas... In debt or equity directly infrastructure fund financing toll roads, commodity storage, etc with.... Engineer by training, with a few years of Big 4 Infra experience..., I applied through other source velit accusamus sunt quod porro rerum therefore, most modeling. Pitch in when they know something a few of the specialization and deal/modeling skill set we can not see your! Comp/ hours ( LA and NY office ) process can be twice as long IB... A hurdle blackstone infrastructure wso overcome ( hospitals, schools, etc comcast spokeswoman D #! ) L.P. Cayman Islands capital is not drawn all at once and related... The summer and met a few years of Big 4 Infra advisory experience ( Canada UK... Growth of 5 % it has to be a smaller proportion of the blue and ended up with infrastructure! Cover letter process was smooth and the Americas generation providers, utility,! Secured wanting to do exchange year seek to create positive economic impact long-term... Within a minute consequatur aut necessitatibus vitae nihil officia deals, assessing the downside risk is critical because upside...

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