UpLevered / Middle-market private equity
The private equity desk reference.
LBO mechanics, valuation, deal structuring, and middle-market workflows, explained with worked examples, traps, checklists, and downloadable models.
Technical deep-dives
Build the model, trace the cash, and understand what drives the return.
- How to build an LBO model17 min
- Enterprise value vs. equity value30 min
- Net operating working capital25 min
- Private equity value-creation levers27 min
- DPI and fund liquidity22 min
- Five common LBO modeling traps11 min
Career Playbook
Prepare for interviews, compare career paths, and navigate PE recruiting.
- Breaking into PE without banking30 min
- PE salary benchmarks and carry calculator32 min
- Private equity interview questions24 min
- PE resume template and bullet-writing guide48 min
- Off-cycle PE recruiting timeline18 min
- Private equity networking21 min
Paid interview practice
UpLevered PE Modeling Practice Test
Build an LBO for a fictional manufacturer and write a one-page investment recommendation. Compare your work with the completed model and debrief.
- Manufacturing case
- 2-hour template + 3-hour clean-sheet
- Completed model + solution
- $59 USD, one-time
Want a warm-up first? Free distribution LBO case + Excel model

Free models & templates
Browse free downloadsTools & workflows
- Private Equity ToolsReturns calculators, deal screening gates, and fund mechanicsTask router
- Returns LabIRR/MOIC, EV bridge, sources & uses, and waterfall calculators5 calculators
- Private Equity GlossaryCore PE and LBO terms with formulas and visual exhibits51 terms
- AI in Private EquityPractical workflows for CIM-to-IC memos, NDA checks, and model review3 workflows
Email updates
Get new cases and modeling tips
Occasional emails from Andrew with worked examples, new practice cases, and free resources.