In the Data Room

This is part of a series of posts by recipients of the 2021 Career Services Summer Funding Grant. We’ve asked funding recipients to reflect on their summer experiences and talk about the industries in which they spent their summer. You can read the entire series here.

This entry is by Shrey Sanghvi, WH ’24

This past summer, I had the great opportunity to work as an Investment Analyst Intern at Bay Street Capital Holdings. Although the internship was remote due to the pandemic, I was still able to learn and thrive in this fast-paced investment firm. Over this four month experience, I worked heavily in the private equity space and helped advise investment decisions in the public sector.

In the beginning of this experience, I began working on the ‘Data Room’ for Bay Street Capital Holdings that would be used when investing or appealing for an investment. A couple weeks before I joined the company, Bay Street received its certification to become an LP. Because of this, there were various documents such as DDQs or LPAs that needed to be prepared and included in the Data Room in order to be able to go through with the process of funding a startup. Along with authoring these documents, I conducted research on startups and potential General Partners in order to help develop the Private Equity side of the firm. Along these same lines, I led a team of three other interns in creating a ‘Wellness Index’ as well as the Bay Street Pitch Deck used for marketing to General Partners. This Wellness Index served as a screening for both public and private companies by creating criteria based on employee wellness and its correlation to company performance. Finally, I helped research publicly traded companies and provided key research that went into an investment that Bay Street made.

In addition to working in the private equity and public sectors, I also was able to speak to industry leaders, attend company conferences and learn various investing techniques. In the creation of this index, I had to interview various companies who created indexes on their own in order to get an idea of what making one entailed. Also, I attended a Private Equity Conference in which I joined calls with industry leaders who explained how to make investment decisions as well as how to market to larger partners. Lastly, the founder of Bay Street, William Huston, took me under his wing throughout the summer and taught me various investment techniques. For example, he taught me his main principles for investing and what components to look at when making an investment. Also, he held meetings with me twice a week throughout the summer where he spoke to me about my work and explained its correlation to Bay Street in the big picture with the investments they make.

In sum, this summer presented me with a great opportunity to peek into the future and look at what a job as a private equity analyst would entail. Through this opportunity, I was able to work with similarly motivated peers as well as a maverick founder who has taught me important on the job skills and pushed me to perform to the best of my ability. This internship made this summer extremely enjoyable and is definitely an experience that I will treasure as I work towards a career in the business world.

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