Have a call with a fund to discuss a potential associate role - what are some good questions to ask to show I've done some homework?

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Could ask for deeper info about their “formula”, i.e. their strategy of what they look for in deals, beyond what’s on their website. Can frame along the lines of “what value proposition do you market to your LPs” or something like that.

Other “homework” questions probably mostly specific to the firm - anything unusual or unique that you noticed about them.

For the most part recommend asking a ton of questions about culture, even if less homework-ey. Ditto for questions about what you’d typically be doing in your role (split btw deals / ops, for example).

A lot of the stuff you’d want to know won’t be available publicly, and fit is such a huge part of it that they’ll want to know you’re taking the in-interview diligence seriously. This is as much an opportunity for you to interview them as the other way round.

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You can just go by what they say yheir strategy is on their website and otherwise infer from industry etc of their platform deals.

Good to know names / general descriptions of their portcos (or recent ones if they’ve been around a while / do a lot of deals) but I wouldn’t worry too much about the details of specific transactions

I usually do research on one of their PortCo (ideally which they led the investment in) and discuss and problem solve through an outside in perspective

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Actually not a bad idea for a consultant. I didn’t consider that.
I came from an M&A banking background so was easy to just talk to my own deal experience for that kind of stuff.

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