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|Re: Private Equity De-Mystified! by oneblacboi: 12:45pm On Aug 13, 2012|
Nice educative post on PE. As a fresh grad looking to launch a career in PE, where would you advise i start?
|Re: Private Equity De-Mystified! by nitrogen(m): 3:03pm On Aug 13, 2012|
Have missed this thread.
|Re: Private Equity De-Mystified! by globechamp: 5:18pm On Aug 13, 2012|
What a great thread here.
Ever since my interaction with a PE firm few years ago, I immediately ditched the fact that there is poverty in Africa. Mehn, these PE guys are making a KILLING. I know what I am talking about. Check out the major PEs in Nigeria and you will discover that there funds under management has grown in leaps in less than a decade? Why? I will speak from my experience working in an environment with one of the biggest PEs in Nigeria at the moment. Pardon me if I dont mention names.
1. They have excellent structures in place. All their processes are very thorough. They can research about a firm/investment to the last drop of their blood before they then pass the research results and recommendations to the management team who have have decades of experience running PEs in USA, Africa etc. They even fly in experts from the world to come and access what they are doing and advise what they need to do differently in order to look more attractive, despite the crazy image Nigeria has the world over.
2. They are extremely committed to VALUES. Because they have consistently delivered outstanding results more guys are willing to give them more dollars to manage. And seriously, they are getting the dollars.
3. They hire the best people, I mean the creme la creme. Most of their guys are from Wharton, Stanford, Harvard etc
4. They dont even have a single signboard and just ONE office, yet they manage investments all over the world. You cant even find them in the news.
Seriously, PEs are making it seriously in Nigeria.
By the ways, I now currently work for a project company funded by one of the PE funds, working hard to get back into the mainstream of PE.
Denee? Nice thread
deenee: @ moremi,I still repeat without trying to sound like a "broken record", that the PE terrain is not as bad as you connote. I also think that the comparison you are drawing with the "West" is flawed. PE is still very new in Nigeria whilst in the "West" PE transactions have been in existence for close to a century hence the "level playing ground" that would make your analogy credible is missing.
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