Best books to start brushing up on finance skills relevant to PE/DD work? Might be looking to lateral somewhere that focuses on it and would like to have a bit of a foundational knowledge so I don't sound like an idiot while networking with people.

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Financial DD? -> just accounting statements don't even lateral here it's not worth it

Commercial Or Market DD is the sexier consulting MBB type strategy work in this area. A lot of experts testimony and high level industry trends and analysis.

Honestly books won't help. These just take reps and time. I would start out by reading the 10Ks of some of these big companies (Tesla/Netflix, etc) because they comment on how their business and financial statements are affected by macroeconomics and industry trends and competition.

Source: did a year of CDD consulting for lower middle market PE firms

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Yeah most FDD teams are made up of ex audit/tax/advisory folks. Still a very important job! But just not as "strategic" as CDD.

FYI hours for CDD are ass bc you're always on a crunch. Usually every project is 3-4 weeks long and it's constant burn bc the client has a deadline they need to meet due to the transaction and you're also on the hook for meeting those deadlines. Not to mention most PE folks are ex Investment bankers so they don't feel bad about 80 hour weeks

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