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Why the Private Equity Fellows Program? 1 The image part with relationship ID rId2 was not found in the file. Columbia Business School Private Equity Fellows Program Class of 2018 Information Session Greta Larson, Associate Director, Private Equity Program Elizabeth Gao `17 – Fellows Program Participant (Apr. 12) Venika Kapur `17 – Fellows Program Participant (Mar. 22) Brett Lacher `17 – Fellows Program Participant (Mar. 22) Fulya Tuncer `17 – Fellows Program Participant (Apr. 4) Private Equity Program Selected Key Dates Since Founding The Private Equity Program serves as the Business School’s primary point of contact with the private equity industry, unifying students, alumni, and the business community into a single network. Industry relationships developed and deepened by the Program enable the Business School and Columbia University to collaborate on private equity related initiatives. Private Equity Program 1.0 Private Equity Program 2.0 Private Equity Program 2.5 (2007-2009) (2010-2012) (2013-2014) Private Equity program founded with Alumni outreach through Private Equity Fellows Program and development of support of the Dean’s Office offerings at Columbia in partnership research and publications with with corporate sponsors Columbia faculty and CaseWorks Greta Larson joins Program as Donna M. Hitscherich joins as Director SAP Americas makes landmark gift to Assistant Director Program Launch of alumni series with Alston & Advisory Board is formed Bird Margaret Cannella joins to establish the Fellows Program Database of “Friends of the Private EY joins as exclusive accounting firm Equity Program” is created with 1,000 sponsor of the Inaugural Deal Camp CaseWorks publications and WSJ and names Financial Times features KKR begins sponsorship of Deal Camp Program assists PEVC Club with 15th Newsletter reaches 4,000 friends of the Program Annual Student Conference Inaugural newsletter reaches 3,000 alumni and friends of the Program The Fellows Program is part of the overall work of the PE Program which has been working on alumni engagement since its founding in 2007 2 Private Equity Fellows Program Select Job Placements 3 Fall 2016 Schedule 4 Spring 2017 Schedule 5 Private Equity Fellows Program 2016 Video http://www8.gsb.columbia.edu/video/videos/private-equity-fellows-program 6 What is the PE Fellows Program? • 107 Alumni Mentors which are • Sessions include deal assigned based upon interest discussions with top firms such and personality as Carlyle, TPG, General • Program staff available for Atlantic, and panels at strategic consulting and advice points of the second year that help facilitate job searches • Session discussions moderated by seasoned alumni professionals Weekly Sessions/ Mentorship Case Studies • Join the Fellows network that Networking/ • Program resume book Job includes previous Fellows and Search Community sent to PE recruiters Mentors • Job opportunities are shared • Fellows Program helps with fellows from former facilitate peer support in a participants and mentors difficult industry to join 7 Why the Private Equity Fellows Program? 1. Build a Life-Long Network, Make Connections ● Develop job search strategy with alumni mentors ● Socialize with fellow students and recent grads with common career goals ● Learn from and network with industry leaders at Fellows Program and Private Equity Program events ● Become part of the Fellows Program alumni network upon graduation 8 Why the Private Equity Fellows Program? 2. Practical and Hands-on Industry expertise ● Actively participate in case studies led by seasoned industry professionals ● Interact with recent alumni as they describe the deals they have worked on and their roles within deal teams ● Engage in case writing/technical notes - depending on willingness and availability/ need for skill-building 9 Why the Private Equity Fellows Program? 3. Prepare a Successful Job Search ● Enrich your contact list ● Benefit from fellows-specific recruitment ● Get your resume interview-ready ● Engage in practice interviews/ technical training ● Close your job search successfully ●The PE Search process is an “Enterprise” process, and the Fellows Program is designed to make a lonely endeavor less lonely! 10 Who is right for the Program? 1. Selection Criteria ● “2+2” experience and other valuable deal experience ● Grades, core courses ● Recommendations, two faculty members ●Examination, LBO modeling ● Interviews ● Essay/ cover letter (see application for details on topic) ● Demonstrated evidence of interest, enthusiasm and dedication to the industry ●Only 25-30 will be admitted APPLY HERE: https://columbia.az1.qualtrics.com/SE/?SID=SV_86XY8eSdg3vJDOl 11 What are we looking for? ●High employment potential ●Self Motivated ●Thinks “outside the box” ●Willing to help other students in the Program ●Shows commitment and passion for the industry ●Gives back to the Program in time, energy and expertise 12 2018 PE Fellows Program Application Process Key Dates March 22, April 4, April 12, 2017 – Fellows Program Overview Sessions Stage 1: ● April 28 - Resume in PDF format, Essay; responses to essay questions, and form submission due ● May 1 – Each candidate must have two faculty recommenders, those recommendations are submitted via a survey link: https://columbia.az1.qualtrics.com/SE/?SID=SV_3PplZvrwEK4LYyN Stage 2: ● May 4 - Announcement of those selected to move on to LBO models test; ● May 5-10 – LBO Model test will be administered on campus; times to be arranged and announced with notifications. Stage 3: ● May 12 - Announcement of those to move on to last stage of candidate interviews. Interview times will be arranged in person and/or and via Skype where necessary. ● June 2 – Announcements of Fellows will be announced. Mentors will be assigned and and orientation webinar will be held in mid-June. 13 2018 PE Fellows Program Application Deadlines and Deliverables Date due Deliverable April 28 Application form Submit online via link: https://columbia.az1.qualtrics.com/SE/?SID =SV_86XY8eSdg3vJDOl April 28 Resume in PDF format Send PDF to [email protected] April 28 Responses to essay Send to [email protected] questions May 1 Two faculty Professors must submit via recommendations link: https://columbia.az1.qualtrics.com/SE/ ?SID=SV_3PplZvrwEK4LYyN It is your responsibility to share the link provided on the application form with your professors May 5-10 LBO model test Model test will be offered at a few times that administered will be announced. The test will be offered on campus. May 12 - Finalists to be announced; May 12-26 - Interviews to be held with finalists 14 LBO MODEL GRADING RUBRIC Basics Debt Analysis Adjustments LBO Filled Out Max Level Balanced Balance Sheet Sensitivity Tables Interest Calculations Goodwill Credit Statistics Interest Floor Cash & ST Inv. Transaction Overview Bullet Repayment Equity Section Sources & Uses of Cash Financial Statements Debt Paydown Schedule Agreement upon acceptance to Fellows Program Each semester of the Fellows Program, expectations will be provided in a contract and each student will be asked to review and sign. 16 Columbia Business ScHool Private Equity Program Mentors Tracy Bahl `04 CVS Caremark Jeffrey Lipsitz `89 Cortec Group Scott Bartnick `15 ClearSky Power & Technology Fund Robert Liptak `99 Clarus Ventures, LLC Luca Bassi `00 Bain Capital, Inc. Ling Liu `98 Cathay Capital Holdings Jonathan Bean `94 Hampden Insurance Partners Michael Livanos `08 Stellex Capital Management Anja Bickelmaier `11 Quadriga Capital Rahul Lulla `12 3i Group David Blechman `00 New State Capital Partners Ted Maa `12 Pine Brook Partners David Bovenizer `94 Lionheart Industrial Group LLC Courtney Mee `15 J.P. Morgan Chase & Company Peter Burns `92 Commonfund Capital, Inc. Signe Michel `12 Permira Patrick Carey `11 Jacobs Asset Management, LLC Jeffrey Mizrahi `09 Sand Oak Capital Kevin Chan `97 SEAVI Advent Private Equity Gregory Morzano `94 Old Ironsides Energy, LLC Jason Chatterjee `11 Sycamore Partners Lauren Mulholland `12 Monomoy Capital Partners Michael Cody `76 Raytheon Jacopo Nadal `13 Insight Equity Aditya Dabas `15 Grey Mountain Partners Kevin Nee `92 Covariance Capital Management David De Leeuw `69 Lion Chemical Capital Peter Nelson `85 Nautic Partners Marc de Saint Phalle `94 Formerly Bessemer Trust Ovunc Okyay `10 IIG Istanbul Investment Group Filippo de Vecchi `95 Advent International (Shanghai) Anatoliy Otchkovskiy `14 Hudson Advisors/Lone Star Funds Adam Deutsch `14 River Hollow Partners Tommaso Pizzi `10 IDEA Capital Funds SGR John Donlon `74 RBS Business Capital Bharath Rajagopalan `15 Partners Group Mark Dzialga `90 General Atlantic, LLC Adam Reinmann `04 Wendel North America Conner Esworthy `14 Quartet Health Jesus Rueda Molins `15 Apax Partners, Inc. Alexander Funk `15 Palladium Equity Partners Elijah Schachter `99 Point One Percent, LLC Michael Gatto `93 Silver Point Capital Andrew Schiff `00 Aisling Capital Michael Genereux `95 PJT Partners Jonathan Schilowitz `12 MFG Partners Adam Glucksman `03 The Carlyle Group Louis-Marie Schmitlin `15 CDP Capital (CDPQ) Joshua Goldman `12 One Rock Capital Partners Laurie Shahon `76 Wilton Capital Group Andrea Goren `94 SG Phoenix Tom Shattan `78 Shattan Mendel Enterprises Stewart Gross `87 Lightyear Capital LLC Sebastian Shea `10 G Square Healthcare Private Equity LLP Mark Hallock `82 M2O Private Fund Advisors, LLC Andres Small `12 Partners Group (USA) Inc. Scott Hauser `15 OMERS Private Equity Christopher Snyder `12 Uni-World Capital Stephen Hickey `87 CVC Credit Partners Alexander Somers `15 Arrowpoint Partners Steve Houston `92 Stifel
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