PRIVATE EQUITY PRACTICE

About the course

PEP - Private Equity Practice - is a hands-on, problem-solving-based course geared towards equipping young professionals for a career in Private Equity investing. In the program, students are taught to analyze real cases involving financial statements, accounting and financial diligence, market analysis and diligence, legal aspects of a Private Equity transaction, financial modeling and supporting analyses. Furthermore, students are brought into contact with a range of professionals involved in the private equity investment "ecosystem", including senior management of invested companies, consultants, financial advisors, lawyers and, naturally, PE professionals. PEP's affiliations with four leading Brazilian universities and fourteen partnerships with venture capital and private equity firms provide a strong differential for our students recruitment efforts.

ALUMNI

PEP's mission is to nurture talent for the Private Equity industry. See our impacted students below.

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Giovanna studied Business Administration at FGV. She was part of the summer internship program at Bank of America Merrill Lynch in 2018, working in the Investment Banking area. Giovanna participated in the 2018 edition of PEP and was a mentor in the 2019 edition. Having previously worked at Private Equity funds Stratus and General Atlantic, Giovanna is currently an associate at PIMCO.

Giovanna Massaro

Isadora is studying Business Administration at Insper. She participated in InFinance, Insper's financial market league, in the areas of M&A and Private Equity. She completed a vacation internship in Investment Banking at BR Partners. Isadora participated in the 2022 edition of PEP.

Isadora Barbosa

Nicholas studied Production Engineering at Poli-USP. He was part of Poli Finance, Poli-USP's financial market league, and was champion of the Brazilian stage of the 2018 CFA Challenge. He participated in the PEP in the 2018 edition. Nicholas is an associate in Private Equity at Advent International.

Nicholas Mardegan

Gabriel graduated in Economics at FEA-USP and was director of partnerships at Liga de Mercado Financeiro. Gabriel participated in the 2017 edition of PEP and was a mentor in the 2018 edition. He created the blog www.mfporumjovem.com . He has worked in Private Equity at Pátria Investimentos and at Singuler Guff and is currently a Venture Capital investor at Canary.

Gabriel Kon

Carolina is studying business administration at FGV EAESP. In college, she participated in CJE-Empresa Júnior de Mercado Financeira at FGV, where she served as coordinator of the Trainee Cycle and was part of the macroeconomics team of the Investment Committee, in addition to participating in the areas of People Management and Sales. Carolina participated in PEP in 2022.

Carolina Lunardelli

Marcella studied Business Administration at FEA-USP. In college, she was part of the Financial Market League, as director of the Partnerships area. During 2018 she worked at Bank of America Merrill Lynch, in the Equity Research area, and is now a partner at XP Investimentos, leading the ESG Research area. She helped create PEP, participating in the 2017 edition, and was a mentor in the following edition.

Marcella Ungaretti

Michel graduated as Magna Cum Laude and First in Class in Civil-Aeronautical Engineering from the Instituto Tecnológico de Aeronáutica – ITA, with passage through the Massachusetts Institute of Technology – MIT. He was a student of PEP in the 2017 edition. He currently works as an Equities Brazil Analyst at Verde Asset Management.

Michel Portas

Sarah is studying Economics at FEA-USP with training scheduled for December 2023. She was part of FEA Finance, the FEA-USP financial market league. In 2021, she was an Equity Research Intern at UBS covering Oil and Gas for Latin America. She is currently a Private Banking intern at XP. Sarah participated in PEP in 2022.

Sarah Silva

Arnaldo studied Production Engineering at Poli-USP. He was president of Poli Finance, Poli-USP's financial market league, and was champion of the Brazilian stage of the 2018 CFA Challenge and of the BTG Pactual Experience in 2017. He participated in PEP in the 2019 edition. Arnaldo worked in Investment Banking at Morgan Stanley and now works in the same area at Bank of America.

Arnaldo Sima

Laura studied Business Administration at FGV. She was part of her college's junior financial market company, Consultoria Júnior de Economia, acting as financial director. Laura participated in the 2019 PEP edition and worked at Bradesco Private Equity. Currently, she works on Nubank's M&A team.

Laura Mendonça

Isabella is studying Economics at FGV - EESP, with graduation expected for December 2023. In college, she was part of the FGV financial market league, FGV Finance. She participated in the Goldman Sachs summer internship in 2022, in the Investment Banking area. Isabella participated in PEP in 2022.

Isabella Dainez

Caio studied Economics at Insper. In 2018, he won the challenges of Credit Suisse, Bank of America Merrill Lynch and BTG Pactual. In 2019, he was part of the summer internship program at BTG Pactual in Credit Risk and at Bank of America Merrill Lynch in Investment Banking. He participated in the 2019 edition of PEP. He has worked at Bank of America and Point Break and is currently part of the Fitpart team.

Caio Bessa

Victoria studied Business Administration at FEA-USP. It was part of the FEA-USP Financial Market League. She participated in the first edition of PEP in 2017. Between 2017 and 2019, she worked at JP Morgan and is currently part of the IR team at Ibiúna Investimentos.

Victoria Caporal

Ana Flávia is studying Business Administration at FGV - EAESP, where she was part of CJE. She is certified in Finance with an UCLA Extension. She was an intern at Pragma Gestão de Patrimônio and is currently an M&A intern at Solstic Advisors. Ana Flávia participated in PEP in 2022.

Ana Flavia Andrade

Pedro studied business administration at Fundação Getulio Vargas and did an exchange program at ESADE Business School. He was president of Consultoria Júnior de Economia, FGV's junior financial market company. He worked at Vinci Partners and Bank of America before joining JP Morgan, where he currently works. Pedro participated in the 2019 edition of PEP.

Pedro Mendonça

Priscilla Veras received a full scholarship for the Economics course at Insper with an exchange at Pompeu Fabra University in Barcelona. She participated as a Private Equity member of the college's financial market league, InFinance. She worked at BTG Pactual in the Private Equity area, at StoneCo and at Pátria. She is currently part of the value creation team at Warburg Pincus. In addition, she was champion of the Credit Suisse Equity Research competition, the CS Award.

Priscilla Veras

Juliana is studying Economics at FEA-USP. She completed an internship in Credit Risk at Bank of America Merrill Lynch and is currently an intern in Equity Research at Morgan Stanley. Juliana participated in PEP in 2022.

Juliana Perez

Luciano studied Mechanical Engineering at ITA and participated in PEP 2018. He was a vacation intern at Ambev's finance department and worked at Oria Capital, a Private Equity fund that invests in technology companies with a focus on B2B. He is currently an M&A associate at Ártica Investimentos.

Luciano Oliveira

Maria Vitória studied Production Engineering at Poli-USP. During 2018, she was part of the Morgan Stanley internship program in the Equity Research area. She is currently an intern on the analysis team at Miles Capital, an asset management focused on equities. She participated in PEP in the 2019 edition.

Maria Vitória Barros

Milena is studying economics at Unicamp, with training scheduled for December 2024. She was part of the Unicamp Financial Market Group (GMF), where she led the “Feminine Mentorship” project, with the aim of attracting more women to the financial market. She participated in the 2021 class of the Dn'A Women program. Milena participated in PEP in 2022.

Luis Bastos studied economics at FEA-USP, where he completed an internship in Equity Research at Bank of America Merrill Lynch, working in the healthcare, education, and infrastructure sectors. In 2018, Luis was part of PEP's second edition. He has been actively involved in several projects related to the financial market, being a challenge finalist and president of the FEA-USP Financial Market League.

Luis Bastos

Milena Sato

Jaqueline studied civil-aeronautical engineering at ITA. She worked at Stone and at Somos Educação. She interned at Núcleo Capital and also at Bank of America Merrill Lynch in 2017, working in the investment banking area. Jaqueline participated in PEP in 2019. She worked at Goldman Sachs, in the Investment Banking area and is currently a Private Equity associate at XP.

Jaqueline Tortora

Caroline is studying Business Administration at Insper, with training scheduled for December 2024. She is currently coordinator of business and engineering projects at Insper Jr, Insper's junior consulting firm. She recently did a summer internship at a multi-family office, and will now do the summer intern program at BTG Pactual, in the Investment Banking area. Caroline Gaal attended PEP in 2022.

Fábio studied Accounting at FEA-USP. He was part of the Financial Market League and participated in the first edition of PEP, in 2017. He was an intern in the management of Fixed Income and Multimarket at Safra Asset and is currently Equity Portfolio Manager at Bradesco Asset.

Fabio Bassan

Caroline Gaal

Bruno studied Mechanical-Aeronautical Engineering at the Instituto Tecnológico de Aeronáutica. He was vice-president of ITA Júnior and took part in summer internships at BTG Pactual and in Investment Banking at Bank of America Merrill Lynch. He participated in PEP in the 2019 edition and is currently an investment analyst at Point Break.

Bruno Cirne

Carolina holds a technical degree in Accounting and is studying Economics at FEA-USP, with training scheduled for December 2025. She is part of the Financial Market League FEA-USP, working in the Marketing area. Carolina was champion of the Geo Challenge in 2022, the second edition of the global equities analysis challenge. Carolina participated in PEP in 2022.

Fernando studied Business Administration at FGV. He was part of the Venture Capital and Infrastructure team during a vacation internship at Garín Investimentos. In addition, he was Director of FGV Finance, FGV's financial market league. He participated in PEP in 2019. He served on the SoftBank investment team and is currently part of the Warburg Pincus team.

Fernando Pupo Nogueira

Carolina Lauriano

Gabriel studied Production Engineering at Poli-USP. He was a director at Poli Finance, Poli-USP's financial market league. He has already interned at BTG's PE fund and was an analyst at a family office. He participated in PEP in the 2019 edition. He interned in Private Equity at Prisma Capital and Partners Group and is currently an Investment Banking analyst at Bank of America.

Gabriel Auler

Isabelle is studying Administration at Insper, with graduation scheduled for 2024. She was part of Insper Asset, a student league focused on the financial market, acting as director of marketing. Isabelle participated in PEP in 2022.

Isabelle Bogari

Bruno studied Production Engineering at Poli-USP. He was part of Poli Júnior, a junior company of Poli-USP, was a semifinalist for the BTG Pactual Experience and participated in PEP in the 2019 edition. He has worked as an Equity Research intern at JP Morgan and is currently an analyst at Crescera.

Bruno Latorre

Gabriel studied Economics at FEA-USP, where he joined in 2017. He participated in the 2018 edition of PEP. He did an exchange at the University of Zaragoza in Spain. He interned at Itaú BBA and currently works in the Investment Banking area at Bank of America.

Gabriel Mahfuz

Giovanna is studying Economics at FGV - EESP with training scheduled for July 2024. She was project director at CJE, FGV's junior financial market company, and was a finalist for the Constellation Challenge in 2022. Giovanna participated in PEP in 2022.

Giovanna Sá

Beatriz is studying Chemical Engineering at Poli-USP and, in 2021, did an exchange at Hasselt University, in Belgium. She participated in the 2nd edition of the Young Women in Investment program of the CFA Society Brazil and is currently an intern on Julius Baer's investment consulting team. Beatriz participated in PEP in 2022.

Beatriz Papoti

Nathália is studying Economics at FGV - EESP. She was director of the Junior Economics Consultancy at FGV, a finalist in the Constellation Challenge and interned at Morgan Stanley. She is currently part of the investment team at 23S Capital, focused on Growth Equity. Nathália participated in PEP in 2022.

Nathália Pinho

Get in touch

Marcelo studied Production Engineering at Poli-USP. He was part of Poli Finance, Poli-USP's financial market league, and was champion of the Brazilian stage of the 2018 CFA Challenge. He participated in the PEP in the 2018 edition. He is currently a Private Equity associate at Warburg Pincus LLC.

Marcelo Hamburger

Stella is studying Law at FGV-EDESP. In early 2022, she was part of the Global Banking team during a summer internship at UBS BB. She participated in the Private Equity cell at FGV Finance, FGV's financial market league, and is currently director of the entity. She participated in the edition of the PEP in 2022.

Stella La Regina

Rafaele studied business at FEA-USP, and did an exchange program at Zhejiang University, in China. Rafaele participated in the first PEP edition of 2017 as a student and was a mentor in the following years. She did a summer job at Santander's treasury desk, was a Private Equity analyst at Ória Capital and currently works in the Corporate Development area at Zenvia.

Rafaele Aoyama

Guilherme studied Production Engineering at Poli-USP. He was part of Poli Finance, the Poli-USP financial market league, and was champion of the Brazilian stage of the 2018 CFA Challenge. He participated in PEP in the 2018 edition, and is currently an investment professional at Kamaroopin.

Guilherme Polho

Isadora is studying Business Administration at FGV EAESP, with graduation expected for December 2024. In college, she is part of FGV's Financial Market Junior Company (CJE FGV), as Head of the Macroeconomics Technical Nucleus. She did Summer Job at BTG Pactual in Offshore Funds (2021) and at Aqua Wealth Management (2022). Isadora participated in the PEP program in 2022.

Isabella studied Economics at FEA -USP. She was part of the Financial Market League of FEA USP, holding the position of Director of Partnerships. Isabella was a Constellation Challenge finalist in 2018. She was an equity analyst at Apex Capital and is currently an equity analyst at Navi. She participated in PEP in the 2018 edition.

Isabella Fonseca

Isadora Padovani

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A GENUINE PREPARATION FOR THE PRIVATE EQUITY INDUSTRY

We strongly believe that investments, particularly in Private Equity, are not something that can be learned only theoretically. For this reason, we strive to bring PEP students as close as possible to investment cases and financial analysis, to structure and propose transactions that a PE fund could conceivably execute. Practice is key. Hence the name Private Equity Practice.

PRACTICAL AND IN-DEPTH CONTENT, INDIVIDUALLY MENTORED

The PEP classes are of limited size, allowing the Instructor and the mentors to closely follow the students' work. In each course module, students will be required to develop real work in financial modeling and analysis that will be individually assessed by the course organizers. The comments are detailed and not broad or generic. Each account in each Excel spreadsheet is reviewed.

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UPCOMING CLASSES

Syllabus

Introduction to the Private Equity industry
Private Equity Cycle Overview and Case Studies
Financial Statement Analysis
Cash Flow Analysis from a Private Equity Perspective
The first PE model
Accounting and Financial Due Diligence
Legal Due Diligence and main contracts (SPA/SHA)
Market Due Diligence and working with a Strategic Advisory
PE from the viewpoint of an Executive of an investee company. Case Study
Final Presentation of an Investment Case for PE Professionals

Retratos - Alfredo Sandes - edit_edited.jpg

Alfredo Sandes is a Director of Advent's investment team, in where he works since 2014. He is mainly involved in investments in Education, Learning and Technology, and Consumer Goods, as well as in the management of portfolio companies across these sectors. During his career at Advent, he has been involved in transactions such as Estácio Participações, Centro Universitário da Serra Gaúcha, Easynvest, Nubank, among others. Alfredo previously worked in the Investment Banking division of Goldman Sachs, where he executed transactions in the Real Estate and Pulp & Paper sectors. Alfredo earned the CFA title and a Bachelor's degree in Electronic Engineering, with honors, from ITA, and a Master's degree in Education from Stanford University.

Alfredo Sandes - Founder and Instructor of PEP

Camila Lopes - PEP Instructor

Marcelo Hamburger - PEP Instructor

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OUR TEAM

Fernando Varella

Instrutor do PEP 2024

Fernando Maia

Instrutor do PEP

Sofia Diniz

Instrutora do PEP