Work through real case studies, drill interview questions with flashcards, and follow a step-by-step learning path — built for Accounting, Valuation, M&A and Private Equity.
Your learning path
Pick a topic and work through its modules in order, from the basics up to advanced concepts.
Apply what you've learned to case studies modeled on real finance interviews.
Lock it in with spaced-repetition flashcards that track exactly what you've mastered.
As an investment professional at a private equity firm, you are tasked with analysing a club deal in which two sponsors and a co-investing limited partner fund the equity together — explaining how governance and risk are shared between them, and quantifying how the very same deal returns differently for fund capital than for fee-free co-investment capital.
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AdvancedAs a private equity fund analyst, you are asked to walk through how a distribution waterfall works — comparing the European (whole-fund) and American (deal-by-deal) waterfall structures, explaining the GP catch-up mechanism, and identifying when a clawback provision is triggered.
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AdvancedAs an associate at a private equity fund, you are evaluating a secondary buyout: acquiring a portfolio company from another sponsor that has already owned it for five years. Quantify what the first sponsor earned, determine what you can realistically earn as the second sponsor, and explain why a second sponsor can rationally pay a higher entry multiple than the first.
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Create a free account to save your progress across cases and flashcards.
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