Investor
2015 - 2018Lakewood Capital- Analyzed and sourced long and short investments at a hedge fund with $5 billion under management.
- Combined a detailed financial analysis with in-depth fundamental research on the competitive landscape and secular headwinds and tailwinds across many industries including consumer, technology, healthcare, and industrials.
- Prepared concise investment memorandums (PowerPoint, Word, and verbal) detailing investment recommendations and key points of differentiation from what is implied by market prices.
- Built hundreds of complex financial models based on all available public data to forecast earnings power and cash flow generation and sensitized valuation implications across multiple scenarios.
- Led discussions with C-level executives at public companies as well as private competitors, customers, and suppliers.
Focus areas: Finance Strategy, Equity Research, Investment Memoranda, Valuation, Financial ModelingInvestor
2013 - 2015Harvard Management Company- Evaluated primary investments at Harvard's $35 billion endowment.
- Conducted in-depth industry diligence including historical case studies of key drivers of inflection points in a business's fundamental performance over time.
- Consolidated research findings into a decision recommendation presentation that summarized how research on business-specific drivers and competitive dynamics translate into revenue growth, cash flow generation, returns on invested capital, and ultimately fundamental value creation.
- Built and maintained 3-statement models for all holdings to quantify differentiation compared to consensus and frame range of potential outcomes.
Focus areas: Forecasting, Equity Research, Valuation, Financial ModelingAnalyst, Mergers and Acquisitions
2011 - 2013Evercore Partners- Built dynamic models to analyze accretion/dilution, IRR, pro forma de-leveraging, and value creation based on differing financial goals and limitations of targets and acquirers for proposed transactions.
- Analyzed industry trends to support valuation assumptions and evaluate proposed transaction structures.
- Ranked in the top tier of the analyst class.
Focus areas: Financial Modeling, Leveraged Buyout Modeling, Valuation, DCF Valuation, Mergers & Acquisitions (M&A)
Bill Light
Finance Expert in New York, NY, United States
Member since May 16, 2019
Bill has evaluated and sourced long and short investments at Lakewood Capital (hedge fund with $5 billion under management) and Harvard Management Company (endowment with $35 billion under management). Prior to his investing career, he advised on M&A transactions at Evercore Partners. As a freelancer, he enjoys working with both investors and entrepreneurs across a wide spectrum of industries in public and private markets.
Bill is now available for hire
Career Highlights
- Lakewood Capital
- Harvard Management Company
- Evercore Partners
Education
- University of Florida
Software Expertise
- Bloomberg
- Microsoft Excel
Other Expertise
- Equity Investment
- Financial Forecasting
- Investment Analysis
- Research
- Three-statement Modeling
- Valuation
Employment
Education
- Master's Degree in Finance2010 - 2011University of Florida - Gainesville, FL, USA
- Bachelor's Degree in Finance2007 - 2011University of Florida - Gainesville, FL, USA
