Working in Special Situations
Anyone know of special situations groups in the south east? ATL/Charlotte/Dallas/FL? Looking more into this type of role and it seems super interesting.
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Could you clarify what about it seems interesting to you in terms of types of deals, for example ? Could help put together a better answer then.
Special Situation in RE is usually distress
FIG as well
Lone star
As someone in Special Situations, this is all about distressed deals. My current day to day is handling things like the following:
Just to clarify the word Special Situations sounds cool to some people, but most people would find the day to day super boring. Im usually dealing with attorneys for 90% of the time.
^^^
This comment is accurate.
Also in terms of what happens its a weird negotiation table, and a little bit less modeling tbh. Seems like people in those groups were involved in some type of deal gone wrong and moved over with their deal or have a heavy legal/language backround that help figure out what can and can't happen going forward.
This is less modeling and more someone reading docs and finding a solution that is legal/profitable
Yup I got promoted into this group. Prior to that I was in underwriting/acquisitions, I used to do nothing but excel modeling, now being in SS, I dont think I have touched an excel model for 5 months.
Man, you do some cool stuff, mind naming some firms that have SS groups?
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PCCP and Fortress come to mind
Thanks, I’ll look into them! Wasn’t aware of PCCP.
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