How common would it be to go from vanilla DL at one of the blue chip bigger shops (Carlyle, Blue Owl, etc.) working on mostly Sponsor but with some non-sponsor deals. To a specialty lending (Ares, Sixth Street, HPS, Apollo) special situations type seat?
Doable at the junior levels as a lateral, especially if you come from an IBD background. Difficult if you are past VP unless you are willing to take a step back rank wise. I'd also separate HPS out of here given their flagship mezz / junior credit product probably would be a bit more willing to look at this background vs. the special situations groups at Apollo, Ares, Sixth Street.
Also this would differ between the "specialty lending" and "special situations" groups at many of these places which mean different things (special situations being incrementally harder).
When you say HPS more willing to look at this background, which are you referencing? Do you mean that the others listed are typically only looking at the IBD restructuring backgrounds with a typical linear path to SS?
Also would you say HPS is more mezz lending vs the others who are cross capital stack special sits? Thanks
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Doable at the junior levels as a lateral, especially if you come from an IBD background. Difficult if you are past VP unless you are willing to take a step back rank wise. I'd also separate HPS out of here given their flagship mezz / junior credit product probably would be a bit more willing to look at this background vs. the special situations groups at Apollo, Ares, Sixth Street.
Also this would differ between the "specialty lending" and "special situations" groups at many of these places which mean different things (special situations being incrementally harder).
When you say HPS more willing to look at this background, which are you referencing? Do you mean that the others listed are typically only looking at the IBD restructuring backgrounds with a typical linear path to SS?
Also would you say HPS is more mezz lending vs the others who are cross capital stack special sits? Thanks
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Dolorem laudantium aliquid sunt rerum veritatis consectetur. Optio id atque possimus deserunt. Similique molestias architecto eum quo.
Dignissimos culpa consectetur quia reprehenderit nostrum sit distinctio. Veniam sequi velit eos officiis est ut. Vitae fugit maxime dolor non. Illum consequatur minus est. Et repudiandae provident non aliquam ut. Dolorem sed sint dolores unde consectetur autem qui consequuntur. Ea tenetur ut quasi ullam consequatur ab autem.
Et autem rerum et voluptatem hic rem qui. Sequi quia ipsam accusantium ut. Provident accusamus earum aliquam est possimus.
Eligendi sed eum sequi natus aut deleniti hic. Eaque veritatis incidunt expedita ab voluptatem deleniti maxime.
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