Sponsor

Industry shorthand for a private equity firm in its capacity as the buyer/owner of a portfolio company (e.g. "sponsor-backed," "sponsor-to-sponsor deal").

Where Sponsor comes up

The Five Years After the Deal: Value Creation and ExitSigning is the beginning. Everything that determines the return happens in the years nobody asks about in an interview.Read the guide — 11 min How to Build an LBO Model: The Build Order That Survives a Modelling TestUnder a 90-minute clock, the build order is the difference between a returns number and a half-finished model.Read the guide — 13 min Analyst to Associate: The Promotion, and Whether to Take ItThe offer arrives wrapped as a reward. It is one. It is also a career decision, and those are not the same thing.Read the guide — 14 min

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Private Equity interview prep

Related Private Equity terms

Leverage Ratio (Debt/EBITDA)Dry Powder Exit Multiple Add-On Acquisition Entry Multiple Recapitalisation (Recap)

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