6 questions reported in TPG interviews, organised by the group that asks them. Every question carries a model answer and graded feedback on your own attempt.
Questions
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Hard
Model builds
Built in the spreadsheet grid
Unit economics, cohort retention, burn efficiency and minority protections. 4 questions
A foundational diligence question for software and subscription businesses.
A company reports $30m of ARR. What would you need to know before treating that figure as high-quality recurring revenue?
A cap-table maths question that tests whether you distinguish a valuation outcome from an investor's actual ownership outcome.
You invest $25m at a $75m pre-money valuation. The company later raises $50m at a $200m pre-money valuation, and you do not participate. What ownership do you have after each round, and why does this…
An investment-committee question that tests whether you can turn operating risks into an ownership and liquidity outcome.
How would you construct a downside case for a minority growth equity investment in a software company?
A growth-equity associate live case testing whether the investment view changes when customer data contradicts management's headline metrics.
You are preparing a final investment-committee recommendation for a minority investment in a vertical SaaS company. Work through new evidence as it arrives, make a decision at each checkpoint, then…
Margin bridges, pricing, procurement and 100-day plans. 1 question
A common value-creation case in private equity portfolio operations interviews.
How would you identify and execute a pricing opportunity at a portfolio company?
LBO modelling, leverage capacity, value creation plans and exit paths. 1 question
Opening question in most private equity interviews.
Describe the characteristics of an ideal LBO candidate, and then name a type of business that would be a poor LBO candidate despite being a good business.
Write your answer, get it graded on technical accuracy, completeness and communication, and see exactly which mechanic you missed.
Company tags reflect where a question type is commonly reported in interviews. They are not sourced from, endorsed by, or affiliated with TPG.