Growth Equity Interview Guides/Prep

Interested in going into growth equity after analyst stint at a BB - been looking through WSO and have seen helpful information but cannot find a solid set of resources/guides on how to navigate growth equity recruiting.

Does anyone have any guides/lists of materials that would be good to use to prepare for a growth equity interview? Interested in something to help for more of the bigger players (Insight/TA/GA) but anything would be helpful. Can be anything including cases/books/websites/newsletters etc.

On google I also found someone selling a guide at http://growthequityinterviewguide.com -- has anyone used this and could share their thoughts on how much this helped them? Very interested in the industry and really would love to learn more on how to prep. Thanks!

Comments ( 18 )

  • Intern in IB - Gen
2y

also interested, especially books or guides that would be useful reads

  • Analyst 2 in IB - Cov
2y

Lot of people bumping the same post. I don't mean this to come off the wrong way but if you are really interested in this space it shouldn't be very hard to find this info. On case studies, you may not find the specific case study an Insight / GA / TPG Growth uses but they are all the same. Just learn how to do an LBO and then learn what makes a good business. It's best to learn how to be resourceful now because as you get older there isn't going to be a book you can borrow from a friend to get up to speed on something.

One website that I've learned a lot from is Tren Griffin's 25iq.com. A few other top VCs also have blogs.

9mo
invisible , what's your opinion? Comment below:

Lol LBOs are useless in growth equity interviews. May be learn a thing or two about the industry before pending out advice

  • 2
  • Analyst 3+ in IB - Cov
4mo

I work at one of the three firms I listed in the original comment as an associate so I think I know what I'm talking about given I got job offers at multiple growth equity firms. Unless something changed since I recruited all 3 use LBO model tests.

  • 1
Most Helpful
4mo
invisible , what's your opinion? Comment below:

Debt doesn't play a major role in Growth equity whereas it's a foundational concept in an LBO model. GE is predominantly minority investing whereas it hardly ever happens in buyouts.

A lot of the growth equity models test primary/secondary investment ownership, operating modeling (same as in lbo), entry/exit (somewhat similar to an LBO).

So There are elements that are similar to an LBO but you'd fail if you didn't learn other concepts. TPG buyout fund tests minimum equity, revolvers and hurdles in their modeling test. I didn't interview with TPG growth as they are not big in Europe but didn't encounter any of that stuff in growth equity interviews. Eurazeo tests working with cohorts. Vitruvian tests secondary investment ownership. I first worked at a European MF ( CVC , Cinven etc.) before lateraling as a VP to a US growth equity fund (BX, GA etc.). The technical interview experience for two ends of the market was quite different, at least in London.

I will concede though that the commercial discussion around companies remains the same so you need to be able structure your thoughts properly and display good business judgment.

  • 3
  • Intern in IB-M&A
1y

Have you read the message just above yours?

  • 1
26d
808992fishnchips , what's your opinion? Comment below:

Bumping this. Any solid resources to prep with? Both from a modeling and market thesis framework perspective?

also considering the course - can you DM me

Array
  • Associate 3 in PE - Other
21d

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