PE Associate PitchBook Usage

Have numerous use cases for PitchBook within my daily workflow: • PB offers an excellent private Company database. I would say it has information (incl. description, headquarters, ownership, etc.) that is critical in my day to day workflow. • If I want to understand the funding history for a Company, I look at the deal history for a Company to understand who owns and and when it last underwent a debt / equity recap. • Get an understanding of the comparable universe for a private Company. While trx data is limited, it at least gives me an idea where to start looking internally. • I love the filter feature in PB, it allows me to pull an array of companies within a specific sector and size, which I can then pull relevant data for when screening an investment thesis / sector. • I don't read the market insights and research reports often. I find them to be surface level and not that informative relative to other industry reports (e.g., Bain).

We find an industry that we're interested in learning more about and we use PitchBook to provide an initial filter to understand what assets exist in the space and their relative size. It's an excellent strategy to have a broad understanding of the industry and who the key players are (including equity investors that are active in the space). However, once we've done that sweep in Pitchbook, it's difficult to rely on the financial information presented (e.g., Revenue, TEV, EBITDA, etc.). I will use it as a last resort when trying to benchmark the various assets. I instead rely on internal data from GP quarterly reports. One other useful instance is that I can set up PB notificiations via email to understand if there are any news articles related to a fund / company. This keeps me from googling regularly and can instead get a good idea of what happened with assets of interest in a relatively quick amount of time. This easily saves me and my time 2-3 hours (for those that choose to use this feature).