cap.codes

Decoding capital investment and private equity strategies.

Cover Image for Navigating the Payments Landscape: Insights from Stripe's 2023 Annual Letter

Stripe's annual letter offers invaluable insights. Let's delve into the key takeaways from Stripe's 2023 annual letter, focusing on the opportunities and challenges within the payments domain.

More Posts

Cover Image for Mastering the Paper LBO: A Key to Unlocking Private Equity Success

Mastering the Paper LBO: A Key to Unlocking Private Equity Success

In the realm of private equity, one of the most pivotal tools at your disposal is the Leveraged Buyout (LBO) model. Particularly, the paper LBO stands out as a crucial skill set for anyone aiming to navigate the complex waters of private equity investments, from analyst to senior associate levels. This simplified version of the LBO model serves as a cornerstone in private equity interviews, testing a candidate's grasp on the fundamental mechanics of LBOs without the need for complex software like Excel. Here, on cap.codes, we decode this essential tool, unveiling how to construct a paper LBO from scratch and its significance in evaluating investment opportunities.

Demystifying Free Cash Flow: A Comprehensive Guide for Private Equity Associates

For private equity associates, mastering the nuances of Free Cash Flow is not just about adding another tool to your financial toolkit; it's about sharpening your ability to discern between good and great investment opportunities. This comprehensive guide aims to provide you with the knowledge and insights to leverage FCF in your analysis, ensuring you stay ahead in the competitive world of private equity.

Understanding EBITDA: A Guide for Private Equity Associates

In the complex and dynamic world of private equity (PE), funding structures play a crucial role in shaping the investment strategy and return profiles of PE firms. As an associate in this field, having a deep understanding of these structures is essential. This article aims to demystify the various components and strategies of PE funding structures, providing insights that are particularly relevant for associates navigating the industry.

Mastering IRR Calculations for Private Equity Associates

In the dynamic world of private equity (PE), the ability to accurately assess investment returns is critical. Among the various metrics used, the Internal Rate of Return (IRR) stands out as a fundamental tool for evaluating the profitability of potential investments. For private equity associates, mastering IRR calculations is not just about crunching numbers; it's about understanding the narrative behind those numbers — the story of an investment's potential success or failure.

Understanding Private Equity Funding Structures: A Guide for Associates

In the complex and dynamic world of private equity (PE), funding structures play a crucial role in shaping the investment strategy and return profiles of PE firms. As an associate in this field, having a deep understanding of these structures is essential. This article aims to demystify the various components and strategies of PE funding structures, providing insights that are particularly relevant for associates navigating the industry.

The Art of Researching Firms: A Key to Unlocking Successful Interviews and Applications

When it comes to securing a position in the competitive realm of capital investment and private equity, one cannot underestimate the power of thorough research. Whether you're on the hunt for an internship or eyeing a coveted spot at a buy-side firm, understanding the intricacies of the firm you aspire to join is fundamental. This guide, inspired by expert advice shared on cap.codes, delves into the essential strategies for researching firms effectively, ensuring you step into the interview room fully prepared.