Agricultural Finance: The Hottest and Most Overlooked Asset Class in the World?

2 Comments | Private Equity & The Buy-Side - Groups & Regions

Agricultural Finance JobsWhen you hear the words “agricultural finance,” your first thought might be:

“Who cares? I don’t want to be a farmer!

I had the same reaction when a reader contacted me about this one.

But as I started to learn more about it, I got really interested:

  • It’s possible to earn 20% IRRs without leverage…
  • The sector has outperformed broader stock indexes (in certain periods)…
  • Few professional investors have started paying attention…
  • And most importantly: even if there’s a zombie invasion, people still need to eat.

And if all the humans are wiped out, the zombies will still need to eat – so agriculture will be a great opportunity no matter the outcome.

Read on to learn about everything above, plus how you can go from “Theoretical Physics Major” in Australia to agriculture financier in emerging markets:

From Physics to Farming… and Finance?

The Top 5 Mistakes You’re Making in Buy-Side Interviews, and How to Fix Them and Win Offers

2 Comments | Private Equity & The Buy-Side - Interviews and Case Studies

Top 5 Buy-Side Interview MistakesAn island.

Your own beach in Thailand.

“Working on the buy-side.”

We tend to focus on the end result rather than the process to get there.

At least, that’s my theory behind the sheer quantity of bad answers I’ve heard in private equity, hedge fund, and other buy-side mock interviews over the past year.

Your thought process, whether conscious or subconscious, might be something like:

Aha. I worked in investment banking, therefore I should move to the buy-side next. It’s my destiny!”

And then when the interview comes along, you answer all the questions “fine” – at least in your own mind – but then fail to get a call-back.

You could have made many mistakes.

But if I had to guess, it would be one or more of the 5 most common buy-side interview mistakes I’ve seen and heard:

Mistake #1: Failing to Form an OPINION on Deals / Clients / Investments

Private Equity in India: The Most Exciting Emerging Market to Invest In?

10 Comments | Private Equity & The Buy-Side - Groups & Regions

Private Equity IndiaHope.

The foundation of venture capital.

And in some regions, private equity is more like venture capital: raise money from other people, put it into a bunch of companies that have no proven track record of financial results, and then… hope one of them takes over the world.

In other places, it’s less about finding the next Facebook / Instagram / WhatsApp, and more about financial engineering and using clever deal structures and debt to achieve high returns.

India is somewhere in between those two: private equity is quite new, and funds are relatively small… but achieving high returns is still more skill than luck.

At the same time, though, the industry is still “random” enough that you can break in by visiting PE firms’ offices in-person and then doing some networking on Facebook – as our interviewee today did.

Here’s his story, what to expect when you recruit for private equity in India, and what the industry there is like:

From Chartered Accountancy to Private Equity