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Wall Street Oasis

E56: LMM Private Equity from a Non-target + Commercial Banking

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 28 November 2019

⏱️ 29 minutes

🧾️ Download transcript

Summary

Member @coder32 shares his path from a non-target background to a lower middle-market (LMM) private equity shop in the south. Learn how commercial lenders are getting very aggressive with pricing and covenants to win deals and when he knew it was time to make his jump to private equity.

Transcript

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0:00.0

Hello and welcome. I'm Patrick Curtis, your host and Chief Monkey, and this is the Wall Street Oasis podcast. Join me as I talk to some of the community's most successful and inspirational members to gain valuable insight into different career paths and life in general.

0:21.7

Let's get to it.

0:25.3

In this episode, member Coder 32 shares his path from a non-target university background

0:30.6

to a lower middle market, private equity shop in the south, learn how commercial lenders

0:35.6

are getting very aggressive with pricing and

0:37.5

covenants to win deals, and when this specific user knew it was time to make his jump

0:42.7

to private equity. Enjoy. Coder 32, thanks so much for joining the Wall Street Oasis podcast.

0:58.3

Yeah, thanks for having me.

0:59.6

So it'd be great if you could just give the listeners a quick bio.

1:03.8

Yeah, so I went to kind of the epitome of a non-target school for undergrad in the south private liberal arts school i didn't really know

1:14.1

you know kind of what i wanted to do at first um so i kind of went broad brush got my basics and kind of

1:22.4

fell in love with you know economics and finance, uh, it's not a big business school,

1:32.0

given it's, uh, about 1,200 kids. And, uh, there's about 40 people in the whole finance program

1:39.2

or business school. Small, yeah. Uh, yeah, so it was kind of tough figuring out, you know, what I wanted to do

1:46.6

career-wise, you know, even though I knew that I wanted to do something in finance.

1:53.9

So, you know, one of the things that, you know, I really tried to focus on was, you know,

2:00.5

leveraging any kind of

2:01.7

connections that we had through the alumni base and one of the alumni was a

2:10.2

former so before we before we jump into before we jump into that just give broad

2:14.4

brush strokes of like what kind of where you been and then we'll dive into that stuff oh yeah yeah so upon graduation you know I got an offer at a kind of a

2:25.7

super regional bank credit focused commercial bank in the south perfect you on, you know, small business transactions or, I guess, credit, and also,

2:40.3

you know, kind of middle market leverage loans.

...

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