Private Equity & Exit Opps
In a Sources & Uses table, what is the 'plug,' and what's the quick formula for the sponsor's equity check?
Model answer
Sponsor equity is the plug: sources must equal uses, and after you've counted all the debt tranches, any rollover equity, and any target cash used, whatever remains to fund total uses is the equity…
The full, human-reviewed answer is in the bank.
Sign up free and Daily 10 serves you 10 questions a day from all 2,300+ — or go Pro for unlimited reps.
Pro unlocks every model answer — $19.99/mo.
More from Private Equity & Exit Opps
- At a high level, how does private equity recruiting differ from investment banking recruiting?
- What's the difference between on-cycle and off-cycle PE recruiting?
- Should an IB analyst go on-cycle or wait for off-cycle? What are the real trade-offs?
- What role do headhunters actually play in PE recruiting, and why are they called gatekeepers?
- How should you prepare for and handle the headhunter intro call?
- What should you tell headhunters about your fund preferences — and why does consistency matter so much?
Try the real thing
1 / 3DCF & WACC
Why do you use unlevered free cash flow in a DCF and how do you calculate it?
Superday coming up? Take the cheat sheet.
The technicals and stories to have cold before you walk in — free, one email, no mailing list.
Free tier: 20 cards + 10 daily reps + ALL drills — no credit card required.