KKR “Structured Finance” Group - Insights needed
Hi guys,
Could anyone provide insights into this group? It’s for the London office.
I am particularly looking for info on:
- day to day role of an analyst / associate
- comp
- “exit opps” — > does this pigeonhole you for the rest of your career?
- how does it compare to the PE group?
I have gathered some info on what they do:
- invest in Speciality Lenders / Loan Servicing platforms —> I guess this will be PE type of investing?
- Investments in ABS
- NPL investments
- Large Loan Portfolio Invesmtents
How comparable is this to traditional PE? And how much sense does it make to consider such a role if original purpose was to do PE?
Thanks in advance!
You will be pidgeonholed. Structured finance means they will mostly be buying the debt and equity tranches of CLOs or other levered vehicles with some other asset class (corporate debt, real estate, etc.) being the underlying collateral. This is especially the case considering KKR already has a huge corp credit group based in NY/SF. My impression with people at my shop who look at structured finance oppt is that it's somewhat of an unfulfilling job as you're just running these big excel models but don't have any (real) insight into the underlying issuers, meaning no "exit" into anything other than another structured finance role.
I'll just add that this is nothing like KKR's PE group and there is zero chance you exit into traditional PE if you end up sitting in this seat.
Thanks a lot for your answer. I was just wondering given, one part involves acquisition of specialist lenders and similar that this would be similar to a financial services focussed PE role but I am of course aware that they have their own FS industry team in their PE division.
In case anyone has further insights, please feel free to share - also via PM if better. Essentially my main interest is in traditional PE either in a generalist role or a “traditional” industry group, however my current industry group in banking might limit my options - so just looking at potential alternatives, but I guess this might not be the right path then...
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