Hey guys:
Currently hitting a bit of a rough patch at my fund (low deal flow, not getting much experience, worried about future, etc.). For those of you who have done PE for a few years, what was the lowest/toughest point in your career, and how did things evolve from there?
Much appreciated!
| +239 | I should have been a marketing girly (a rant) | 80 | 5h | |
| +110 | PE Firms with Gentrification Strategy | 34 | 11h | |
| +61 | WORST/UGLY sides of a career in PE??? | 25 | 18m | |
| +59 | Starting own PE fund as a student | 19 | 3d | |
| +53 | Is HBS / Wharton MBA / Stanford GSB worth it? | 23 | 12h | |
| +45 | The Morality of PE | 11 | 1d | |
| +44 | Vista vs Thoma Bravo | 13 | 6h | |
| +31 | Burnt Out 2nd Year Analyst Dreading Move to PE | 2 | 20h | |
| +26 | Is PE a career for the uninspired, unambitious, and untalented? | 5 | 21h | |
| +24 | Sold two Software Companies, PE possible? | 5 | 3d |
Career Resources
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.
what kind of shop are you at? what size fund?
OP here- at a tier two shop
Only been in the investment game for about 2 - 3 years but the worst was when a deal we had been working on for ~8 months or so fell through.
My partners and I spent on QoE, significant amounts on legal, lined up a lender & paid DD related fees, cobbled together the equity we needed to execute the deal etc.... and then the founder of the company completely fucked her company (did the opposite of what we told her to do) and sales dropped massively almost overnight. The worst part too is that the business was seasonal so she missed out on a disproportionate amount of revenue.
We decided to cancel the deal and eat the loss ourselves. We could have charged our investors, but I don't think it would be the right thing to do/worth eating the reputation damage which is real when it's all your personal capital and 6 figures.
The kicker though, is that the founder tried suing us! It didn't go anywhere, but still, what the fuck? Ended up burning even more money there and it was just a kick in the head while down.
The monetary loss was annoying, but it felt weirdly bad being sued by the founder and I HATE that we spent all that time on the deal for nothing.
In the end though, it worked out, ended up with the bandwidth to tackle a different distressed deal that's since panned out nicely even with COVID factored in.
Can I shoot you a PM. Very interested in learning more about the distressed deal
Vel sed voluptas ex est. Est amet quae est eos est incidunt. Mollitia nobis ab recusandae perspiciatis error qui dolor.
Enim vel sapiente quis tempora hic perferendis. Vitae blanditiis quos nam magni et ut provident. Tempora qui adipisci perferendis natus ut. Quia non dolorum omnis tempore qui.
Et debitis voluptates sed necessitatibus ut. A vitae ipsa aut distinctio id voluptatem quos. Eos error sit in repellat.
Ducimus est sunt dolorem ipsa deleniti unde libero doloremque. Consequatur sit suscipit expedita adipisci provident dolores aliquam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...