Two rounds; first one with analyst on basic technicals and some behaviorals; second round with asso & analyst focusing on resume and some technicals
Very nice people, no stock pitch but did ask a few industry trends
I applied through university. The process took 3 weeks. I interviewed at Novacap in Apr 2023
Interview
Communication was efficient and interviews were relatively straight forward. Had 2 behavioral rounds then did a case in office. Case was based on data provided by the Company - not too difficult if you have the technicals down.
First round with 2 analysts, pretty straight forward technical questions, gauging your knowledge of LBOs.
Second round with a senior analyst from the FIG group. All behavioural questions trying to gauge fit.
Interview questions [1]
Question 1
What should a PE company do with excess free cash flow generated by its LBO target?