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.
Understand the mechanics
Technical deep-dives
Build the model, trace the cash, and understand what drives the return.
- LBO MechanicsHow to build an LBO model
- ValuationEnterprise value vs. equity value
- DiligenceNet operating working capital
- Value CreationPrivate equity value-creation levers
- Fund MetricsDPI and fund liquidity
- LBO MechanicsFive common LBO modeling traps
Prepare for the next step
Career Playbook
Prepare for interviews, compare career paths, and navigate PE recruiting.
- RoadmapBreaking into PE without banking
- Comp DataPE salary benchmarks and carry calculator
- InterviewsPrivate equity interview questions
- ResumePE resume template and bullet-writing guide
- RecruitingOff-cycle PE recruiting timeline
- NetworkingPrivate equity networking
Paid interview practice · $59 USD
UpLevered PE Modeling Practice Test
Build an LBO and write an investment recommendation under a two- or three-hour deadline. Compare your work with the completed model and worked solution.
One fictional deal. Both the two-hour template and three-hour clean-sheet tracks are included, with the completed solution and debrief.
See the test and filesWant a warm-up first? Free distribution LBO case + Excel model.
Keep something useful
Free models & templates
Go deeper when you need to
Tools & workflows
Deal Flow Bullet
Useful PE work, by email.
New guides, worked examples, and recruiting notes from Andrew. Free to subscribe.