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ZT Corp > Untitled Deck > Flashcards

Untitled Deck Flashcards

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1
Q

What are the two main types of partners in a private equity fund?

A

Limited Partner (LP) and General Partner (GP)

LPs provide capital while GPs manage the fund.

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2
Q

What is the structure of a private equity fund that does not disclose its investments to investors?

A

Blind-pool

A blind-pool fund allows GPs to invest in opportunities without prior approval from LPs.

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3
Q

Define ‘Capital Commitments’ in private equity.

A

Pledges made by investors to provide capital to the fund when needed.

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4
Q

What is the term for the fees paid to fund managers based on the fund’s profits?

A

Carried Interest

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5
Q

What are the two main deal types in private equity?

A
  • Platform Acquisitions
  • Add-on / Bolt-on Acquisitions
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6
Q

What does LBO stand for?

A

Leveraged Buyout

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7
Q

What is an ‘Equity Waterfall’?

A

A distribution structure that outlines how profits are shared among stakeholders.

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8
Q

What is the purpose of Operational Due Diligence (Ops DD)?

A

To assess the operational aspects of a target company before acquisition.

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9
Q

What does a ‘Value-Creation Hypothesis’ entail?

A

A theory on how value will be increased post-acquisition.

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10
Q

What is a ‘100-Day Plan’ in private equity?

A

A strategic plan outlining rapid-win initiatives to be implemented after a deal closes.

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11
Q

What does KPI stand for?

A

Key Performance Indicator

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12
Q

What is ‘Lean’ in the context of operational improvement methodologies?

A

A methodology focused on minimizing waste while maximizing productivity.

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13
Q

What are the two main financial reporting standards?

A
  • GAAP
  • IFRS
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14
Q

Fill in the blank: _______ is the analysis comparing actual performance to budgeted or forecasted performance.

A

Variance Analysis

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15
Q

What does EBITDA stand for?

A

Earnings Before Interest, Taxes, Depreciation, and Amortization

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16
Q

What is the purpose of cash pooling?

A

To optimize liquidity management by consolidating cash from multiple accounts.

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17
Q

What does RPA stand for?

A

Robotic Process Automation

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18
Q

What is the significance of SOX 404?

A

It mandates internal controls for financial reporting.

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19
Q

What does ESG stand for?

A

Environmental, Social, and Governance

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20
Q

True or False: GDPR is a regulation that governs data privacy.

A

True

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21
Q

What is a ‘Monte Carlo Simulation’ used for?

A

To model the probability of different outcomes in a process that cannot easily be predicted.

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22
Q

What are the three main types of data governance frameworks?

A
  • COSO
  • COBIT
  • ITGC
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23
Q

Fill in the blank: _______ metrics include carbon footprint and water usage.

A

Environmental

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24
Q

What is the goal of ‘Change Management Frameworks’?

A

To manage the transition of individuals, teams, and organizations to a desired future state.

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25
What does 'API' stand for?
Application Programming Interface
26
What is the difference between a Data Warehouse and a Data Lake?
A Data Warehouse is structured and optimized for analysis, while a Data Lake stores raw data in its native format.
27
What is the role of an Integration Management Office (IMO)?
To oversee the integration process post-acquisition.
28
What does NAV stand for in investor relations?
Net Asset Value
29
What is the purpose of a 'Change Adoption Metric'?
To measure the effectiveness of change initiatives within an organization.
30
What are 'Shared Services'?
Centralized functions that support multiple business units within an organization.
31
What is the significance of a 'Service-Level Agreement' (SLA)?
It defines the expected level of service between parties.
32
What does 'DPO' stand for in working capital management?
Days Payable Outstanding
33
34
What is the Fund Structure associated with?
Vintage year and fund lifecycle
35
Define Drawdowns in the context of fund management.
Withdrawals made from a fund to cover investments or expenses
36
What is Carried Interest?
The share of profits that the fund manager receives as compensation
37
What does Hurdle Rate refer to?
The minimum return that a fund must achieve before the manager can receive carried interest
38
What are Bolt-on Acquisitions?
Add-on acquisitions made by a company to enhance its existing business
39
What is meant by Equity Waterfall?
The distribution of cash flows among equity holders in a specific order
40
What is the difference between Preferred Return and Carried Interest in Equity Waterfall?
Preferred Return is the minimum return to investors before profits are split, while Carried Interest is the share of profits going to the manager
41
What is an Investment Thesis?
A statement outlining the rationale behind making an investment
42
What are Cross-Sell and Up-Sell Initiatives?
Strategies to sell additional products or services to existing customers
43
Define Lean in a business context.
A methodology aimed at reducing waste and improving processes
44
What is Six Sigma?
A set of techniques and tools for process improvement
45
What does Kaizen mean?
Continuous improvement involving all employees
46
What is Value Stream Mapping?
A visual tool to analyze and design the flow of materials and information
47
What does 5S stand for?
Sort, Set in order, Shine, Standardize, Sustain
48
What is Root-Cause Analysis?
A method of identifying the fundamental cause of a problem
49
What are the two methods of Root-Cause Analysis mentioned?
* Fishbone diagram * 5 Whys
50
Define Continuous Improvement (CI).
An ongoing effort to enhance products, services, or processes
51
What is Radical Redesign (Kaikaku)?
A significant change in processes, often involving new technologies
52
What is a Trial Balance?
A report that lists the balances of all general ledger accounts
53
What is a Subledger?
A detailed record that supports the general ledger
54
What does GL Integration refer to?
The process of connecting financial systems with the general ledger
55
What is Variance Analysis?
The process of evaluating the differences between actual and budgeted figures
56
What is Working Capital Management?
The management of a company's short-term assets and liabilities
57
What are the components of Working Capital Management?
* Days Sales Outstanding (DSO) * Days Payable Outstanding (DPO) * Days Inventory Outstanding (DIO)
58
What does EBITDA stand for?
Earnings Before Interest, Taxes, Depreciation, and Amortization
59
What is Adjusted EBITDA?
EBITDA adjusted for one-time expenses or income
60
What are EBITDA Margins?
A measure of a company's operating profitability as a percentage of revenue
61
Define Multiple Expansion.
The increase in valuation multiples from entry to exit
62
What is Cash Pooling?
A cash management technique that optimizes cash flow among multiple accounts
63
What does Cash Concentration mean?
The process of consolidating cash from various accounts into a single account
64
Define Intercompany Sweeps.
Transactions that move cash between different entities within a corporate group
65
What are Sweep Thresholds?
The minimum cash balance required before a sweep occurs
66
What are Sweep Windows?
The periods during which cash sweeps are executed
67
What is Cash Forecasting?
The process of predicting future cash flows
68
What are Cash Burn Models?
Models that estimate the rate at which a company is spending its cash reserves
69
What are Debt Tranches?
Segments of a debt issue that are prioritized for repayment
70
What are Covenants Compliance?
The adherence to terms set forth in debt agreements
71
What do Dividend Recapitalizations entail?
The process of taking on debt to pay dividends to shareholders
72
What are ERP Platforms?
Integrated software systems used to manage business processes
73
Name three ERP Platforms.
* SAP * Oracle * NetSuite
74
What are CRM Systems?
Tools used to manage customer relationships and data
75
Name two CRM Systems.
* Salesforce * Microsoft Dynamics
76
What is Robotic Process Automation (RPA)?
Technology that automates repetitive tasks using software robots
77
What are Business-Intelligence Tools?
Software applications that analyze business data for insights
78
Name three Business-Intelligence Tools.
* Tableau * Power BI * Looker
79
What do ETL & Data Lakes refer to?
Extract, Transform, Load processes and storage for large data sets
80
What are APIs & Integration Patterns?
Protocols for enabling communication between different software applications
81
Name three API Integration Patterns.
* REST * SOAP * GraphQL
82
What is a Capital Call?
A request for investors to provide funds to the fund
83
What are Distribution Workflows?
Processes that outline how distributions are made to investors
84
What does NAV stand for?
Net Asset Value
85
What does IRR stand for?
Internal Rate of Return
86
What does MOIC stand for?
Multiple on Invested Capital
87
What does DPI stand for?
Distributions to Paid-In capital
88
What does TVPI stand for?
Total Value to Paid-In capital
89
What are Waterfall Calculations?
Mathematical formulas used to determine distributions among investors
90
What are Ticketing Systems used for?
Managing ad-hoc requests from Limited Partners (LPs)
91
What do SLA Definitions represent?
Service Level Agreements outlining response times for queries
92
What is Daily / Weekly Cash Position Reporting?
Regular updates on a company's cash availability
93
What are Monthly Close & Consolidation Timelines?
Schedules for completing monthly financial reporting
94
What is Synthetic Monitoring?
A method for testing applications by simulating user interactions
95
What are Incident Response Plans?
Strategies for managing data breaches or API misuse
96
What does RPA vs. IPA stand for?
Robotic Process Automation vs. Intelligent Process Automation
97
What is AI-Powered Analytics?
Using artificial intelligence to analyze data for insights
98
What are Blockchain Use Cases?
Applications of blockchain technology in various industries
99
What is IoT Integration?
Connecting devices to the internet for data exchange
100
What are Digital Twin Concepts?
Creating virtual replicas of physical systems for analysis
101
What are PE-Ops Org Models?
Models defining the structure of private equity operations
102
What are Incentive Structures?
Compensation plans tied to performance metrics
103
What are Learning Management Systems (LMS)?
Platforms for managing educational courses and training
104
What are Change Adoption Metrics?
Measures of how well changes are accepted within an organization
105
What is Driver-Based Forecasting?
Forecasting that links financial outcomes to key business drivers
106
What are Monte Carlo Simulations?
Statistical methods used to model and analyze risk
107
What is What-If Analysis?
A technique for exploring the impact of changes in variables
108
What are Stress-Testing Scenarios?
Simulations of adverse conditions to assess resilience
109
What are Standalone Carve-Out Requirements?
Specifications needed to separate business units into independent entities
110
What are Service-Level Agreements (SLAs)?
Formal agreements defining service expectations and metrics
111
What is Legacy Data Migration?
Transferring historical data to new systems
112
What is Exit Clean-Up?
The process of preparing a business for sale or exit

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