at my firm the ops team doesnt sit in on IC, is this the norm?

likefunny
Posting as :
works at
You are currently posting as works at

What I’ve been told is that every firm / team has a different relationship with the value creation / portfolio ops team. Some are treated as nearly equal partners (on IC); others are just in-house consultants (not on IC)

like

Yeah, they are called “Ops team” for a reason

like

At our firm the ops team sits in and often presents at IC. They own the value creation portion of the underwriting. But we are an ops focus firm which isn’t always the norm.

like

which firm?

like

Yes

like

Op are you in ops? Why would an ops team sit in on IC?

likesmart

Yes, I anecdotally have a few other friends in Ops at other firms who do sit in on IC, i know Silver Lake does for sure. Knowing the investment thesis and context of the deals directly informs the work we do. Guess these firms are the exception.

likefunny

Depends on the firm. This should be discussed as part of interview and on-boarding process to make sure it makes sense for you

like

It always blows my mind that people in PE constantly WANT to be in more meetings. Very different mindset than being in industry.

Every once in a while I (VP level Ops) person will join an IC or coinvestor call and literally not once has it felt like a valuable use of time

likehelpful

I don’t contribute much to the conversation in front of IC, I don’t have decision making rights, and generally the information put in front of them is either purely financial or - if operational - so high-level so as to be useless for learning purposes at this point in my career.

I might fee different if I was a 25 year old ASC whose only other job was IB but that isn’t the case for me

helpful

I was a part of IC as ops at a smaller boutique. That being said, our deals team was more tightly tied to Dd, sourcing, and valuations. It was my responsibility to put together an investment thesis and deliver on value generation

like

Ops team presents the deal with the team. IC decision makers only super senior partners / founders

like

Yeah learning about the deal thesis seems super interesting, no?

like

You don’t need IC for that. Where relevant - I’m either involved in diligence or do a readout with the team that worked on diligence

Deals >>>>> Ops

Lmao what do you mean? This post has nothing to do with comparing deals vs ops team man. Its fine to have that opinion fair enough but dont see what it has to do with my question?? Happy thanksgiving btw 😂

like

Related Posts

Anyone receive an approval for B1/B2 extension recently?
If yes, how long did it take to hear the final decision?
If not, were you able to reach uscis customer care?

Thanks in advance for any input !

like

Favorite low cost beauty tricks? Friend swears by aztec clay. I've been looking into doing my own facials and hair masks with natural ingredients. I heard castor oil can help your hair grow as well?

like

Cognizant Sharks
What is this metaphosis event.
I have not join cognizant yet ;though I have accepted the offer letter. Doj 29 nov 2021
Not sure on Cognizant that I will join. I am waiting for better offer to be released.
Any inputs or guidance.

like

When your to do list is long and you keep working, yet some how nothing gets crossed off and things only get added. Oh and I'm on vacation next week, so the list is growing w/ last minute crap. 😝

like

I don't have any friends in banglore. It is hard for me to find friends cause i am always that aloof kid who in addition is not straight so can't even bond with my teammates. How do people live like this. Even my flatmates don't talk . : (

like

How is WLB and job security in EPAM anywhere

like

Need referral, SAP consulting profile

Any thoughts on Southwest or United loyalty programs? Which one is better, points and upgrade wise?
Currently Delta Platinum but Moving out of Delta coz of lack of flights to new client location.

like

Any idea what comp is like for director of tax or vp of tax in fortune 100? TIA

like

Popular Opinion: Ask questions even if they are stupid.

Unpopular opinion: Ask questions supported by logic and do your own research before you had a question.

What is your view?

like

Hey Fishes, How much hike can i expect when i am being promoted from a GCB 7 to 6? My Current package is 10.50 and YoE 9 yrs

like

Accenture(10 LPA, web development), Apisero(9 LPA, integration developer), L&T(12.2 LPA, not so good tech)
Which one should I select ?
Confusion level at peak.

like

Accenture folks! How many people get fired before promotion time due to extensive time at the bench?

like

I want to quit but I'm not sure what kind of role I want to look into. Would appreciate any advice! The only thing I know is that I don't want to work overtime anymore. I'm a new senior and my main client gave me some good hedge fund auditing experience. I don't like controls or reading into guidances. I'm also not very good with dealing with politics in the office or too much socializing. I liked hedge funds but afraid it'll be very busy as well and lots of politics. Thx in advance for replies!

like

Mask wearing inside stores: should it still be encouraged or not?

like

Any one from Airbus project?

Need some information.

For every Logistics Manager:
What are the top 3 red flags when evaluating hiring a new provider?

like

Additional Posts in Private Equity and the Buy Side

Hey everyone. 1 YOE here and looking to lateral. This will be the first time I apply as a professional as opposed to a student. I have CDD exposure but would appreciate some help putting that in my resume. Would anyone be willing to share some of the bullets they used to describe their CDD work?

like

How easy is it to move up market from LMM as a VP?

like

Do most pe firms require an MBA to move past the associate role? Been reading conflicting views online.

Any insight would be great.

like

What are the best Growth/VC firms in Canada?

like

Associate at one of the big tech focused PE funds (Vista, Thoma, Silver Lake) — what are peoples thoughts on maxxing out Levered CoInvest (6 figs of my own savings) given the narrative shift in public markets for tech companies?

like

Thoughts on Bain Capital in Europe?

like

What would an $8 billion evergreen private equity fund be classified as? UMM? Separate category?

like

From the outside, I always thought of PE firms to be well-oiled machines where everyone is working hard but with a clear purpose. Now starting at an LMM as a senior associate I feel kind of lost. It’s chaos - every person above me wants something else and there are constant discussions, bickering and politics being played. Is this representative of other (LMM?) PE firms, or did I get unlucky? It feels like a tech startup lol.

like

How much importance is placed on the model in the overall investment process?

like

Aside from running your own company does LMM PE best prepare someone to run/invest in small businesses (<$10M revenue)/non traditional hockey stick growth startups Any other roles that would prep better?

like

Non MBB, finishing fin/acct MBA and looking to pivot into banking/pe. 10 yrs sales prior in unrelated field. 20 yrs military. MBA is non target school since military/state funded programs are free.

Any advice on where to start looking that is realistic? I'm not willing to hump 80 hours next to a 22 yr old undergrad for the same pay, but also 100% understand I'm taking a huge side step in this hopeful transition

like

Anyone with experience interviewing for EQT?

like

Has in cycle started or is it just the rumors?

What do you all make and yoe? PE associate. 1.5 banking, 2 in PE. 125 base. 165 bonus. No carry yet. Curious what your numbers are?

likehelpful

How much does a MF PE associate 1 and 2 get paid?

Think Apollo is at top of that list, but curious across all of them if anyone knows!

like

Can anyone speak to the presence of impact investing across PE versus VC or HF?

For context, I’m going for my MBA next fall (targeting M7) and want to pivot into impact-focused finance but am struggling to understand which option is best. I’m going in with 3 years of tech consulting experience (data & analytics) in the financial services industry.

like

Should be feel bad about possibly leaving my company? I’m about 2 years through a 3 year analyst contract and I’ve been interviewing at a different firm.

I like my current company and the people a lot, but the location isn’t ideal for me and comp is significantly below market. The guilt caused by the thought of leaving is killing me.

Any thoughts/recommendations?

like

Just had my first experience interviewing with a PE ops team; case interview was lead by a junior employee who hadn't bothered to review a resume & very clearly had not been taught how to lead a case interview.

Have other PE opportunities, so second guessing if this is the right exit path. Is this typical of what to expect with the larger funds that have consulting/portfolio ops. teams? Anyone have a similar experience?

like

I received an offer to join a MM growth equity fund as an Associate. What are some important things to consider about the fund (eg associate experience, etc) before joining? What about the offer (eg comp, etc)

like

Has anyone here gone through corporate development recruiting? If so, would you be able to share interview case prep materials?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal