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UPCOMING EVENTS & NEWS
1. Nov 12 – PE/VC Club Private Equity 101 Event
- The PEVC Education team will be holding an introductory session on the basics of private equity. This ground level overview session is a must attend for anyone that is curious about the private equity profession but has had no prior work experience in the field. Topics to be covered include: PE fund structure, basics of a private equity investment, role of investment professionals and more.
When: 3:00-4:30pm
Location: F65
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2. Nov 11 & 13 – Social Impact Week Events
Monday, Nov. 11
Coffee Farming in Africa: A Social Entrepreneur's Perspective on Business Challenges & Opportunities in Africa. Sponsored by WASA and Social Impact Club. RSVP for lunch. (12-1:15pm, SHDH 1203)
Designing Social Impact: Design Thinking Principles for Social Enterprises. Sponsored by Design Club, Consulting Club and Social Impact Club.
Wednesday, Nov. 13
Panel discussion on Impact Investing Trends with Garrett Melby, Sean Dowling and Jacob Gray. Co-sponsored by WSVF and Consulting Club. Speakers are from GoodCompany Ventures, Osage Partners and Wharton Social Impact Initiative.
RSVP for events at: https://docs.google.com/forms/d/1_ex3rmnm1ajJ8tOZznHIRgTxXgFJJWUQECdCUSKSQcI/viewform
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3. Nov 14 – Search Fund Speaker Event: Jim Southern and Coley Andrews (Partners at Pacific Lake Partners) and successful Search Fund Entrepreneur Jim Vesterman (Wharton ’09)
- Interested in buying and running your own business? Want to be your own boss and the CEO of a small company? You can, via a Search Fund.
A search fund is a vehicle through which a recent MBA graduate (or two graduates) seek to find, acquire, and then run one small, but growing and profitable business. After acquisition, the entrepreneur(s) becomes the CEO of the company and works to build the business over the next 5+ years. The entrepreneurs are compensated with a significant equity stake in the value created during their tenure as CEO of the company.
The most recent study of the over 150 search funds that have been formed states the aggregate IRR of the search fund universe is 34.4%.
Want to learn more? Join us in G55 at 12:00PM this Thursday, November 14. Jim Southern and Coley Andrews are two entrepreneurs and investors who focus exclusively on investing in the search fund model and will be here to explain how it all works.
They will also be joined by Jim Vesterman (WG ’09), who recently acquired Raptor Technologies via the search fund model. In the past 18 months under Jim's leadership the company has grown exponentially and is on a path to great success. Come listen to Jim talk about his search, acquisition, and management experience as a current search fund entrepreneur.
Also, you can learn more by viewing these links:
Jim and Coley bios: http://www.blueoceanep.com/pacific-lake-partners.html
NY Times article: http://www.nytimes.com/2009/03/12/business/smallbusiness/12hunt.html
Stanford GSB Search Fund Overview: http://www.gsb.stanford.edu/ces/resources/search_funds.html
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4. Nov 14 – Hong Kong & South Korea Headhunter on Campus
- When: Thursday, November 14 @ 1:30pm - 2:00pm
Where: TBD
As announced before, we are happy to have Colby Yoon, a headhunter focusing on buyside opportunities on campus. The final schedule is:
1) 30-minute Q&A at 1:30pm - this is open to everyone. Will announce the exact venue as soon as we secure a place.
2) 15-minute one-on-one meeting at Saxby's on 40th and Locust (singup and schedule here - https://docs.google.com/spreadsheet/ccc?ey=0AqJPqV_3fsVSdGhsU2QwLVFkQXR4UzMyQ2JGYTlhemc&usp=sharing)
Please note that Colby is primarily focused on Korea mandates, so keep that in mind as you attend the session and speak with him. His bio is attached. For inquiries, contact Soonki Kook (skook@wharton)
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5. Update your CampusGroups Profile to Stay in the Loop
- Member Geography & Industry Interest Tags
We are now using Campus Groups to designate members’ area of interest across geography, industry and a select group of other areas (Venture Capital, Search Funds, Social Impact and West Coast) via “tags”. These tags will be used for communications directly with the VPs covering that area of interest, including topic specific newsletters, advanced notice of relevant events/signups and other items of interest pertaining to that area. Content in these communications will generally NOT be distributed to the entire club via the weekly newsletter. Please indicate your areas of interest on Campus Groups ASAP to avoid missing relevant content. Instructions below:
1. Log on to the PEVC Campus Groups Page
2. Scroll down, until you see "Join Sub-Groups" on the right hand side bar
3. Join as many sub-groups as you like!
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6. Nov 19 – PE, VC, Scotch & Whiskey Save the Date
- What: Please join the PEVC Club and Scotch & Whiskey Club for a happy hour at 1 Tippling Place. Admission includes two drink tickets good for any number of delicious motivational beverages
Price: $8
When: Tuesday November 19 @ 6PM
Where: One Tippling Place (2006 Chestnut Street)
Sign-ups will be open to the first 40 people who register. Registration details will be released later this week.
Please reach out to Albert Lee (albertle@wharton.upenn.edu) if you have any questions.
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7. Dec 6-8 – Training the Street Sessions – Sign Up Today!
- Back by popular demand, we've brought Training the Street - the leading financial trainer for Wall Street firms - for training sessions which cover LBO modeling and interviews. This is the last session before the year ends, so be sure to sign up today!
December 6th – Friday (9:00 – 5:00): Beginner LBO Modeling
December 7th – Saturday (10:00 – 4:00): Advanced LBO Modeling and M&A Topics
December 8th – Sunday (9:00 – 5:00): PE Interview Prep & Advanced Topics
The instructors will be former deal professional and will bring a "real world" perspective to the classroom. Please see attached brochure for further information and pricing details. Each class includes a substantial set of materials that will be distributed at the seminar. These events have received rave reviews from past Wharton students, and TTS will only provide the training if there is sufficient demand from students... so sign up ASAP to reserve a space! We are confirming room locations and will it out to the group once finalized.
To register:
1. Go to https://trainingthestreet.secure.force.com/register
2. Create your profile if you are a new user, or login using the username and password you created previously
3. Enter the class code listed for the workshop you would like to attend (see descriptions in attached PDF)
o 12/6 - Beginner LBO modeling - course code: EB3338
o 12/7 - Advanced LBO modeling & M&A Topics - course code: 6BA5EF
o 12/8 - PE Interview Prep & Advanced Topics - course code: D85DA0
If you have any questions please contact VPs of Education Nikhil Devulapalli (ndev@wharton.upenn.edu), D.J. Andrzejewski (dandrzej@wharton.upenn.edu), or VP of Career Development Michael Staub (mstaub@wharton.upenn.edu)
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8. Undergrad Mentorship Program
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Program pairs undergraduates and MBAs in an informal setting for a one-off lunch and/or coffeechat session. We are collecting your availability to match you with an undergraduate interested in hearing about your knowledge and experiences. These sessions would be held over coffee or lunch and last 45 minutes to 1 hour. After this initial meeting you are free to continue advising the undergraduate at your own discretion; however, we do not require you to continue this relationship.
We hope to facilitate an increasing number of positive relationships between undergrads and MBAs, thus fostering more interaction within the Wharton community. As future business leaders, we hope that you all will be able to expand your Wharton network both personally and professionally.
Please sign-up at: https://docs.google.com/forms/d/1iuj_44pTvr7Tz6RoHH_PdbM9Fih-49DwR61-pgz_s34/viewform
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PROFESSIONAL OPPORTUNITIES
1. Nov 13 – Blackstone EIS
- When: 6:30pm
Where: The Inn at Penn
Please see attachment for additional information
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2. Latest CareerPath Job Postings
3. Opportunity with Undisclosed PE Firm
- European private equity fund with over €7bn in AUM, investing across Industrials, Business Services, and Consumer/Healthcare, looking for summer (1st yrs) and full-time (2nd yrs) candidates who are fluent in at least one of the following languages: German, Danish, Swedish, Finnish, Norwegian (may also have an opening for an Italian/Spanish speaker). Language skill absolute must (please don't apply if beginner/intermediate level proficiency). Candidates with pre-MBA PE experience and EU work authorization preferred. If interested, please send your resume to mstaub@wharton.upenn.edu.
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4. Full-Time Opportunity in Mexico
- Promecap, a leading Mexican private equity firm with a US$1.3 billion investment portfolio under management is seeking an Associate who will play a key role in analyzing and screening new projects/investments; handling all financial evaluations and modeling and; managing the portfolio. You will have the opportunity to play a key role in the entire transaction process, from deal origination to due diligence, negotiations, execution and project & partnership management.
The ideal candidate possesses excellent, strategic, analytical, financial modeling and problem solving skills with a solid grasp of finance and accounting. Academic credentials include a Bachelor’s degree in one of the following disciplines: accounting, finance, engineering, economics, applied mathematics, actuary science and/or business administration. A master’s degree in business administration or finance is also required.
Strong communication skills – both written and verbal – along with bilingual fluency in English and Spanish - are required. Candidates must possess thorough knowledge of Excel and PowerPoint. Promecap seeks an individual with an open and cooperative manner, a natural leader who can manage and influence internal and external stakeholders. The role presents an excellent opportunity to join a premier private equity fund in Mexico with significant professional growth potential.
Promecap possesses over 15 years of experience in the market. Recognized as one of Mexico’s leading funds, Promecap has analyzed over 700 transactions; invested in 40 projects approximating US$850 million and acted as investment advisor in over 20 transactions totaling.
Key responsibilities of the role include:
- Identify, analyze and evaluate the economic feasibility of new investment projects.
- Handle all financial evaluations and modeling.
- Play a key role in the entire transaction process, from deal origination and due diligence to negotiations and execution.
- Help to manage the investment portfolio
Interested candidates should send their resumes to asolis@promecap.com.mx
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5. Live Due Diligence Assistance
- Exciting PE project with a local lower middle-market private equity fund that is looking for someone to help with live due diligence and modeling, starting immediately. Please review the attached project scope direct all inquiries and CVs to projects@skillbridge.co, with a cc: to mstaub@wharton.upenn.edu.
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CONFERENCES
1. Nov 15 – Wharton Social Impact Conference
- Interested in international development? Promoting financial access in emerging economies? Investing in real estate and infrastructure in developing countries? Driving social impact through "traditional careers" like consulting, general management and banking?
Then this year's Wharton Social Impact Conference offers you a unique opportunity to recruit, network and deepen your connections. Our keynote speakers include Sasha Dichter, Chief Innovation Officer at Acumen Fund and Ed McLaughlin, Chief Emerging Payments Officer at Mastercard; and panels will feature OPIC, Credit Suisse, Accion, Finca, Opportunity Finance Network, and many others.
Tickets are now on sale and can be purchased at http://groups.wharton.upenn.edu/sic/rsvp?id=98217 Buy your ticket today!!!
For more information about our speakers, panels, and panelists, visit our website: www.whartonsocialimpactconf.org
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2. Nov 22 – Wharton BizTech Conference
3. Feb 28 – Columbia Business School Private Equity Conference
Leadership Team Contact Details
Co-Presidents: Luke Chernosky, Alina Costica, Chris Eldridge
Alumni: Burton Flynn, Irina Parvanov | Career Dev: Michael Staub | Communications: Chad Smith | Competition: Zach Peckham | Education: D.J. Andrzejewski, Nikhil Devulapalli | Industries: David Gluckman | Internal Relations: Jacob Williams | Impact Investing: Zac McClure, Sarah Eversman | Search Fund: Mark Turner | Speaker Series: Fraz Ahmed,Michael Kirkman, Ashley Ciaburri | Sponsorship: Imran Siddiqui | Treasury & Ops: Teresa Chen | Treks: David Lee,John Harroff | Venture Capital: Paul Drews, Divya Venkatachari | West Coast: Julie Greenberg | Women in PEVC: Christina Antoniou,Charanya Rangamannar
Brazil: Marcelo Marim | E. Europe: Kamil Burganov | Greater China: Yuchen, Jin | HK & South Korea: Soonki Kook | India: Aditya Sharma | LatAm: Alvaro Guevara | M.E. and N. Africa: Omar Elimam | SE Asia: Aman Rangrass | Sub-Saharan Africa: Folarin Ogunsanya | W. Europe & Turkey: Pemra Narli
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