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Pretty motivational stuff! Props!! 1) As an aside, he says his job was Private Equity Investor. Does that mean we worked for a hedge fund? 2) How does one get
by iqster 15y ago
Pretty motivational stuff! Props!!
1) As an aside, he says his job was Private Equity Investor. Does that mean we worked for a hedge fund?
2) How does one get hired as a PEI right out of college? I'm just curious what skill set is required. What do they do exactly?
- pitdesi 15y ago1) Private Equity is different from hedge funds... PE is investing rich people and institutional money in private companies, Hedge funds invest mostly in public stocks, though recently there has been a lot of alternative investments in this sector too... They "hedge" the market by having a mix of shorts and longs. PE and HF are very different, though related. 2) It's pretty hard... typically you go to banking for 2 years and then get to Private Equity via a headhunter (there are plenty that specialize in this exact thing)
- namityadav 15y agoPrivate Equity is an asset class focusing on equity in non-public companies. Technically, even Venture Capital is a part of PE. But people have started using the term PE for investing in mid to late stage companies, and the term VC for investing in early stage companies. In other words, PE invests in growth, makes leveraged buyouts or buys distressed assets. Recently VCs are also getting into the growth stage, making the distinction between PE and VC difficult. A lot of MBA students in top business schools dream of getting into PE firms after MBA. But only those who have some finance background (Investment Banking, for example) have a realistic shot of getting in.