How different is LevFin and DCM/ECM Capital Market?
O
(Senior Orangutan, 472
Points)
on 10/10/10 at 11:54am





Honestly, search function.
Honestly, search function. I've seen this answered so many times in the past couple of weeks it's not funny.
Regardless, LevFin is less plain vanilla than ECM/DCM and far more integrated into things like the LBO process. What LevFin group is good depends on whether analysts do modeling or whether they do pricing. Some LevFin groups are heavy on Sponsor exposure (LBOs and Dividend Recaps) while others are more focused on corporates (refinancings and new issuances). You can guess which have better exit opps.
Please don't bother asking follow-up questions now. Search function.
Thanks a lot (p.s. I never
Thanks a lot
(p.s. I never said it was funny in any way.)
Difference, investment and
Difference, investment and non-investment grade. day-to-day responsibilities vary with each bank, but lev fin usually have good exit opps into hf's n pe, if you are exposed to good amount of deal flow
LevFin = High Yield DCM =
LevFin = High Yield
DCM = Investment Grade
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