Guide
Banking Explained
5 articles
Plain-English explainers for banking groups, private capital products, fund economics, co-investments, continuation vehicles, and other concepts candidates hear in interviews but rarely learn in class.
| Article | Time |
|---|---|
GP Economics & Waterfall How private equity GPs get paid: management fees, carried interest, hurdle rates, catch-up, and GP commit - the waterfall behind every PE fund. | 5 min |
LP Metrics & Allocation How LPs like endowments and pensions evaluate PE funds: DPI vs. TVPI, paper vs. cash returns, denominator effects, pacing, and mandate constraints. | 6 min |
Directs & Co-Invests Understand co-investments, direct placements, independent sponsors, sponsor recapitalizations, and placement agent economics for private capital interviews. | 6 min |
Continuation Vehicles Learn continuation vehicle mechanics for private capital interviews: rollover, cashout, GP-led secondaries, LPACs, fairness opinions, and conflicts. | 6 min |
Alt Assets & NAV Financing Learn the private capital strategy universe: buyout, growth, venture, infrastructure, real estate, private credit, hedge funds, NAV financing, and preferred equity. | 6 min |