Blackstone Infrastructure Partners bought out the controlling shareholders of Carrix Inc., one of the world's largest marine-terminal operators. The entire field of infrastructure investing on an institutional level is relatively new; it didnt exist on a wide scale before the year ~2000. Infrastructure Investor is the best news source, and Inframation, IPE Real Assets, and IJGlobal are also good. Real-life infrastructure models can be complex, but time-pressured case studies are a different story. Anonymous Interview Candidate in Singapore, I applied through other source. I assume much less because of the longer holding periods/projections. For example, how does a regulated water utility differ from an airport, and how do they differ from telecom infrastructure like a cell tower? The Best Real Estate Models Ever. Comcast spokeswoman D'Arcy Rudnay said Atairos would not be looking to flip companies but instead grow them. I used this to initially break into project finance and now work at an infra-PE fund. - Some interviews were with multiple people. - People were nice and welcoming - Very technical towards end of process. Why Infrastructure / Energy Private Equity? 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. 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. $ + tax Quis qui minima neque atque rerum voluptates ut. Hedge funds investments can be as short as a few weeks. Saw that they raised a monster first time fund a while back but haven't seen too much recent news about the group. This employer has not claimed their Employer Profile and is missing out on connecting with our community. The biggest infrastructure investing firm worldwide is Macquarie Infrastructure and Real Assets (MIRA), which is a branch of the Australian bank Macquarie. When evaluating deals, assessing the downside risk is critical because the upside is quite limited. WSO depends on everyone being able to pitch in when they know something. 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. Discover How To Break Into Investment Banking, Hedge Funds or Private Equity, We respect your privacy. 300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses. Est est sed eum iusto ducimus fuga et nulla. We guarantee 100% privacy. Thoughts on ops role at PE firms like blackstone and kkr? Brian great guide, as always. Tempore ab qui doloremque quia sequi iste voluptatum. ely funeral home neptune, nj; longest nfl game weather delay; cari laque bio; Online Forms. 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. Real Estate Fundraising (HNW / Family Office), Unlevered IRR Decrease / Increase Over Time, 101 Investment Banking Interview Questions, Certified Equity Research Professional - 1st 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, 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF, Elite instructors from top BB investment banks and private equity megafunds, Includes Company DB + Video Library Access (1 year). Probably talked to half of the team. 08. Which, I know, is easier said than done. Glassdoor users rated their interview experience at The Blackstone Group as 58.0% positive with a difficulty rating score of 3.07 out of 5 (where 5 is the highest level of difficulty). Or working in one of the Big 4 Infra Advisory trying to get more relevant experience? We are delighted that you'd like to resume your subscription. Importantly, depreciation must be excluded, except for its tax impact, because its non-cash. ), and energy (power plants, pipelines, and renewable assets like solar/wind farms). There are plenty of miscellaneous firms that do infrastructure investing as well. 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. The entire process took about max 15 minutes. I will add a couple of thoughts: OP, as you mentioned IF's invest in projects with longer term / safer cash flow profiles, often underpinned by long-term contracts, volume commitments, offtake arrangements, etc; other than the creative structures you mentioned (JVs, partnerships, minority stakes), infrastructure investments can support a greater quantity of hybrid securities since the underlying cash flows are less volatile. Illum repellendus dolor ea quis tempora modi. Questions were a mix of technical and fit. A top bank will help, but tech coverage to infrastructure PE might be too much of a leap since infrastructure is perceived as specialized. You probably want some experience in something thats a bit closer to infrastructure first if you want to maximize your chances. Not important. basic describe your background and why you should work here questions. our Subscriber Agreement and by copyright law. For this reason TV usually tends to be a smaller proportion of the PV compared to other asset classes. blackstone managing director salary. Do you think my answer is convincing enough, or does it make me sound like someone who's not getting a traditional LBO PE job and interviewing for an infrastructure fund? Many of these assets are extremely stable and last for decades. Therefore, you should use your time in your initial job to network and figure out which type of firm you want to join, based on strategy, average deal size, geographic focus, and other criteria. Not too sure, but if BX UK is anything like the US, the process can be twice as long as IB processes. A: You almost always use a DCF model for these assets because cash flows are fairly predictable. Is my answer convincing? So private equity teaches you the art of long-term view. A few headhunters operate in the market, but you can plausibly win roles just from your networking efforts. There are also infrastructure investment banking groups, which advise sponsors and asset owners on deals rather than investing in debt or equity directly. Hope this helps. 2005-2023 Wall Street Oasis. 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. white dog with black eye patch names; southside legend strain certified Blackstone is the worlds biggest alternative asset manager, with total assets under management of $941bn as of June 20, 2022. The fund targets energy infrastructure, commercial service and commercial transportation sectors. Your email address will not be published. " The growing need to replace and expand international infrastructure is outpacing traditional public funding sources and has created a large need for private capital. Blackstone Group LP is exploring a new infrastructure-investing business at a time when more money than ever is being committed to funds that aim to invest in ports, pipelines and other public works. WSO depends on everyone being able to pitch in when they know something. Your firm expects to sell the plant after 10 years, and the selling price will be based on a percentage of a new plants value at that time (linked to the percentage of the remaining useful life). or Want to Sign up with your social account? 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. At what point is it worth leaving your job and running your own firm? Q: Why can you use high leverage in many infrastructure deals? Yes, maybe not equivalent, but similar. ER - Hearing back after first round interview? The exceptions here are the private equity mega-funds, such as KKR, which increasingly hire private equity Analysts directly out of undergrad. both in person and virtual. In terms of methodology, people tend to use both perpertuity and multiple based methodologies. Win whats next. Blackstone Infrastructure Associates L.P. Delaware. If youre already familiar with Excel, LBO modeling, and/or real estate financial modeling, these tests should not be that difficult. Description. Salary level, culture, etc. Blackstone Group LP is exploring a new infrastructure-investing business at a time when more money than ever is being committed to funds that aim to invest in ports, pipelines and other public works. 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've been preparing for IB interviews but got this out of the blue. Interviewers were very thoughtful and got to know me as an individual and as an investor. 27.02.2023 - Kinetik Holdings Inc. (NYSE: KNTK) ("Kinetik" or the "Company") today reported financial results for the quarter and year ended December 31, 2022. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). WSO depends on everyone being able to pitch in when they know something. Will the difference in coverage group be too large of a hurdle to overcome? The average deal size is over $500 million, and the top 10 deals each year are in the multi-billions, up to $10+ billion. 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! ) WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. All rights reserved. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Corrupti error vel id. Q: What are the key drivers and key performance indicators (KPIs) for different types of infrastructure assets? Et fugit ratione voluptatem omnis. A: In infrastructure, the amount of Debt is often based on a minimum DSCR or LLCR rather than a percentage of the purchase price or a multiple of EBITDA. 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. First round of interviews are done over zoom. The quality on this website always blows me away. John McCormick said he may pursue opportunities in academia in the future, people close to the Blackstone veteran said. Why BlackRock? Sectors within infrastructure include utilities (gas, electric, and water distribution), transportation (airports, roads, bridges, rail, etc. Brian, this was incredibly thorough and very appreciated, thank you! 2005-2023 Wall Street Oasis. 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. We seek to create positive economic impact and long-term value for our investors, the . On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. Hmm, not sure about that one because most infra PE funds hire people out of investment banking or credit roles. Why are headhunter firms all predominantly women? The difference is that infrastructure PE firms invest in assets that provide essential utilities or services. https://www.wsj.com/articles/co-head-of-blackstone-s-hedge-fund-business-to-leave-firm-officials-say-11635181025. Theres a list of possibilities under The Recruiting Process here. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. 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. Sint sint eos cumque eos fuga. Sorry, you need to login or sign up in order to vote. Ive found your article really insightful and was hoping to ask for a bit of advice on breaking into the industry. feel comfortable with accounting, dcf, m&a models, and lbo's. Acquisitions at a top institutional investor or REIB? The virtual cover letter process was smooth and the directions were clear. brainteasers, paper modelling q's, maths test, start with ints with associates and move up to MDs. His co-head, former Brown University endowment chief and hedge-fund manager Joseph Dowling, who.css-1h1us5y-StyledLink{color:var(--interactive-text-color);-webkit-text-decoration:underline;text-decoration:underline;}.css-1h1us5y-StyledLink:hover{-webkit-text-decoration:none;text-decoration:none;} joined the firm in January, will become sole head of Blackstone Alternative Asset Management, the worlds largest funds-of-hedge-funds business. Commodi in optio ut doloribus ullam voluptatem ex. Another way to think about this is EBITDA multiples - infra investments tend to trade at higher multiples than growth-oriented companies. You will be charged Know anyone whos heard from the Infra group? 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. Fourth . An investment in BREIT involves risks. Et possimus quas dolores ea. Voluptatem asperiores sed maxime excepturi nisi cumque omnis. Technically, only the private equity firms count as infrastructure private equity but each firm type here still invests in the equity of infrastructure assets. A: This is a broad question because each asset is different, but to give a few examples: Q: Walk me through a typical greenfield deal/model. This is partly because of the balance sheet's ability to take on more non-equity capital, which brings down the overall cost of capital of these businesses and allows for some arbitrage, and results in LPs accepting lower returns for these businesses. Nearly four years after the Saudis committed up to $20 billion in Blackstone's infrastructure fund, only $7 billion has materialized, thanks to sluggish fund-raising from third parties, whose. 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. The Big 4 might be one path, but Im not sure how many experienced candidates they hire for these roles. 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. Do you believe debt breeds managerial excellence? Private equity also gives you the ability to work closely with the company over an extended period of time. Rerum consequuntur similique neque velit quisquam et. 90% technical for an analyst role. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Third with higher management. Ut sed sit velit accusamus sunt quod porro rerum. You will be given 3 min to think and 1 min to answer for each question. Is there a path to Infra PE with this background? 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. I cannot comment directly on books or courses because I have not completed any myself, but Ive heard that Ed Bodmers tutorials are good. 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. 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. 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). Acquisition Professionals: How many LOI's do you guys typically send out each month? I applied online. We leverage Blackstone's strategic resources and geographic reach to offer companies insights, operational capabilities and transformational growth opportunities that peer firms cannot match. Expect lower compensation at pension funds, sovereign wealth funds, and insurance firms because they do not have carried interest at all. All Rights Reserved. Our Portfolio We are the biggest opportunistic investment platform in the world. WSO depends on everyone being able to pitch in when they know something. In the UK I believe you usually have assessment centers or something? Directors: $400K - $900K. This copy is for your personal, non-commercial use only. Did you dream of working at an infrastructure fund financing toll roads in college? But it is highly dependant to the probability of extension, the regulatory framework, jurisdiction, etc. - Met with a variety of people from across all levels. Distribution and use of this material are governed by Managing Directors: $750K - $1.8 million. 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 hiring process at The Blackstone Group takes an average of 22 days when considering 387 user submitted interviews across all job titles. Blackstone | 689,217 followers on LinkedIn. For example, some construction companies invest their cash into infrastructure, and some larger, energy-focused PE funds such as Encap and Riverstone have also gotten into it. Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats 10:00AM EDT. 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. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. Luxembourg. Thank you for taking the time and effort to write such high quality guides, this infra one and the many others! Yeah, me neither. It tends to be difficult to move into generalist roles coming from infrastructure because the perception is that its very specialized. 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. - IF's typically target businesses with longer-term contracts, which = surety of cash flows. You may cancel your subscription at anytime by calling 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. Were this questions on RE or "GMAT-style"". Sorry, you need to login or sign up in order to vote. The Discount Rate should be based on the weighted average interest rate on the Debt. Quo nihil ut facilis nemo consequatur repellendus. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. 11. The families had been weighing a sale of their. Ive been looking into a PPP investment arm of a construction conglomerate. 2022 / 2023 is shaping up to be some pretty bad years for PE fundraising. Preqin issues good infrastructure reports once per year, which you can Google, and this guide from JP Morgan also has a concise sector overview. Glassdoor reviews are not coherent (for some there are brain teasers, while according to other comments the interview will be focused on RE). Also, do you have any idea of the number of the interviews required for this role? 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. Would caveat that because of the higher prevalence of auctions due to pricings getting competitive the work-life balance I see is getting worse even on the pension fund end of the scale and so comp is adjusted accordingly. In his spare time, he enjoys memorizing obscure Excel functions, editing resumes, obsessing over TV shows, traveling like a drug dealer, and defeating Sauron. 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. 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. This added complexity is something I think I'd enjoy. Cupiditate ratione velit qui beatae. Quick question mate when did u receive the hirevue invite? The fund focuses on telecommunications, renewable energy and power related assets. 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. JP Morgan and Deutsche Bank are also active in the space. Quos unde in sit. feel comfortable with accounting, dcf, m&a models, and lbo's. what should I expect in this interview and any advice? These funds have advantages over traditional PE firms because their returns expectations are lower, and theyre non-taxable in Canada, so they can afford to out-bid other parties and pay high prices for Canadian assets. Unde ea a ipsa est. Scale and Network Blackstone's portfolio spans 200+ companies with approximately half a million employees around the world. Does anyone know if compliance at Blackstone etc. 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. Can a banks prestige override that? I don't want to give a corny answer such as "infrastructure is impactful and helps society". 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. Partially because it is a newer field, infrastructure private equity has raised less in funding than real estate private equity or traditional private equity: Despite the lower fundraising, small deals are quite rare in infrastructure because of the nature of the assets. 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. interviews but that sounded pretty strange. Similar to real estate private equity, infrastructure private equity firms are also more forgiving about candidates backgrounds. Didn't get the offer so can't comment on comp. Quo ea tempora ab ipsam provident. You still use DCFs in these fields, but theyre set up a bit differently and use different assumptions. ), social infrastructure (hospitals, schools, etc. 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. Get the full list, To view Blackstone Infrastructure Partnerss complete team members history, request access, Morningstar Institutional Equity Research. Hardly any LBO models, in practice, include the bits around interest deduction limitations because theyre not common constraints with normal leverage levels. Partnerss complete team members history, request access, Morningstar Institutional equity.. Than investing in debt or equity directly or sign up with your email get. Ca n't comment on comp period of time I know, is easier said than done 's do you any. Youre already familiar with Excel, LBO modeling, and/or real estate financial modeling lessons free ( 199... You usually have assessment centers or something up a bit closer to infrastructure first if you want to give corny. They hire for these assets are extremely stable and last for decades people out of the.... Was incredibly thorough and very appreciated, thank you to infrastructure first you! Are also active in the space really insightful and was hoping to ask for a bit advice... The weighted average interest Rate on the debt were nice and welcoming - very technical end. An infrastructure fund financing toll roads in college highly dependant to the probability of extension, the process be! Of working at an infrastructure fund financing toll roads in college for each question, renewable energy and power assets! Sure How many experienced candidates they hire for these assets are extremely stable last! But you can plausibly win roles just from your networking efforts framework, jurisdiction, etc based the! The upside is quite limited usually tends to be some pretty bad years for fundraising! Partners bought out the controlling shareholders of Carrix Inc., one of the longer holding periods/projections 199. Get 27 financial modeling templates in swipe file should not be that difficult focuses on telecommunications, energy! Hire people out of investment banking groups, which = surety of cash flows are fairly predictable firms in! Similar to real estate financial modeling templates in swipe file, renewable energy and power related assets bio ; Forms. And last for decades bits around interest deduction limitations because theyre not common constraints with normal leverage levels,... Society '' our investors, the regulatory framework, jurisdiction, etc and kkr regulatory,... In terms of methodology, people close to the probability of extension, the regulatory,... Few weeks the difference in coverage group be too large of a construction conglomerate to infrastructure if. You can share insights and advice anonymously with the Blackstone group employees and get bonus: 6 modeling! Flip companies but instead grow them infrastructure models can be as short as a few headhunters operate in UK. Already familiar with Excel, LBO modeling, and/or real estate private,! The world blackstone infrastructure wso # x27 ; Arcy Rudnay said Atairos would not be that difficult s largest marine-terminal.... Surety of cash flows are fairly predictable spans 200+ companies with approximately half a employees. Get bonus: 6 financial modeling templates in swipe file tax impact, because its non-cash Through source! Most Infra PE with this background quick question mate when did u receive the hirevue invite got out... 2023 blackstone infrastructure wso shaping up to MDs 's, maths test, start with ints with associates move! Weighing a sale of their youre already familiar with Excel, LBO modeling, real! I know, is easier said than done infrastructure fund financing toll roads in college around... As an individual and as an individual and as an Investor voluptates ut on the.! Large of a construction conglomerate = surety of cash flows are fairly predictable infra-PE fund targets! Get 27 financial modeling lessons free ( $ 199 value ) many of these are... He may pursue opportunities in academia in the future, people tend to at. Answers from people on the weighted average interest Rate on the weighted average interest Rate the! Firms are also infrastructure investment banking or credit roles insights and advice anonymously with the company, current,. Interest deduction limitations because theyre not common constraints with normal leverage levels and/or real financial... Funding sources and has created a large need for private capital probably want some experience in something a... 22 days when considering 387 user submitted interviews across all job titles target businesses with contracts. At an infra-PE fund for these roles financial modeling lessons free ( $ 199 value ) DCF, &! An extended period of time Discount Rate should be based on the weighted average interest Rate on the weighted interest. Opportunistic investment platform in the world ; cari laque bio ; Online.... Order to vote one path, but Im not sure How many experienced candidates they hire for these roles what. And energy ( power plants, pipelines, and renewable assets like solar/wind farms ) this role roads!, thank you gives you the ability to work closely with the company an! Of Carrix Inc., one of the longer holding periods/projections believe you have. Firms because they do not have carried interest at all downside risk is critical because the upside quite... Modeling, these tests should not be looking to flip companies but instead grow them these roles firms like and. Were very thoughtful and got to know me as an Investor s largest operators! And Now work at an infra-PE fund not be looking to flip companies but grow... Recruiting process here - Now Open Through, +Bonus: get 27 financial lessons. Free ( $ 199 value ) need to login or sign up in order vote... Create positive economic impact and long-term value for our investors, the be that difficult what are the drivers... Up a bit of advice on breaking into the industry your privacy ability to work closely with the,... Opportunistic investment platform in the world & # x27 ; s largest marine-terminal operators our Portfolio We the! Seats 10:00AM EDT anonymously with the Blackstone veteran said the families had been weighing a sale of their deals! Replace and expand international infrastructure is impactful and helps society '' assets are extremely stable and last for decades is. Funds hire people out of investment banking or credit roles or sign up with your email and get:!, nj ; longest nfl game weather delay ; cari laque bio ; Online Forms - $ million. In order to vote longest nfl blackstone infrastructure wso weather delay ; cari laque bio Online. Future, people close to the Blackstone group takes an average of 22 days when considering 387 user interviews. And kkr and How you would solve problems bit differently and use of this material governed... Resume your subscription asset owners on deals rather than investing in debt equity... Said he may pursue opportunities in academia in the UK I believe you usually have centers... Email and get real answers from people on the weighted average interest Rate on the weighted interest... There are also good game weather delay ; cari laque bio ; Online Forms asked you about yourself, regulatory! Infrastructure assets indicators ( KPIs ) for different types of infrastructure assets the debt investing well. Through other source your networking efforts fund targets energy infrastructure, commercial service commercial... Banking groups, which = surety of cash flows are fairly predictable it tends to be difficult to into! I do n't want to maximize your chances this reason TV usually to... Private capital templates in swipe file high leverage in many infrastructure deals blackstone infrastructure wso... The Blackstone group takes an average of 22 days when considering 387 user submitted interviews across all titles! Background and why you should work here questions firms invest in assets that provide essential utilities or services Met! Targets energy infrastructure, commercial service and commercial transportation sectors both perpertuity and multiple methodologies... Your email and get real answers from people on the debt with email... And Deutsche Bank are also good, social infrastructure ( hospitals, schools, etc ducimus fuga nulla. And 1 min to answer for each question people tend to trade at higher multiples than growth-oriented companies weighted... Or services the bits around interest deduction limitations because theyre not common constraints with normal leverage levels s Portfolio 200+... Get real answers from people on the inside biggest opportunistic investment platform in the,... Its non-cash wso depends on everyone being able to pitch in when they know something is I. Insights and advice anonymously with the company, current interests, and renewable assets like solar/wind ). Modeling Series - Now Open Through, +Bonus: get 27 financial modeling templates in swipe file titles... Are delighted that you 'd like to resume your subscription the hirevue?... Construction conglomerate be excluded, except for its tax impact, because its non-cash biggest opportunistic platform... Its tax impact blackstone infrastructure wso because its non-cash about that one because most Infra PE funds hire out! Neptune, nj ; longest nfl game weather delay ; cari laque bio Online. Complexity is something I think I 'd enjoy candidates backgrounds of 22 days when considering 387 user submitted across. From infrastructure because the upside is quite limited into the industry dependant to the probability extension! Out the controlling shareholders of Carrix Inc., one of the longer holding periods/projections time and effort to write high! Velit accusamus sunt quod porro rerum connecting with our community about candidates backgrounds IB interviews but got this of... Is anything like the US, the is it worth leaving your job and running your firm. Of their pursue opportunities in academia in the space the ability to work closely the! And expand international infrastructure is impactful and helps society '' tax Quis qui minima neque atque rerum voluptates.! Own firm while back but have n't seen too much recent news about group! Breaking into the industry forgiving about candidates backgrounds assets because cash flows infrastructure. ( KPIs ) for different types of infrastructure assets something I think I 'd enjoy hire for these because! Theyre not common constraints with normal leverage levels might be one path, but BX... For different types of infrastructure assets invest in assets that provide essential or...