Megafund Credit Arms

Interested as well, especially Sankaty and Apollo.

Would also be very interested to hear cultural comparisons to the firms described in this thread: http://www.wallstreetoasis.com/forums/life-at-a-top-asset-manager

Thanks CHItizen, I am looking more for primary and distressed debt funds rather than mezz. I know these shops do some mezz but they operate more like credit hedge funds from what I understand. Anyone else work or used to work at a place like this? Is the general path from MF --> Bschool --> HF? Or is this the type of position where you would get your CFA and move up the ranks on a career track?

I know for TPG they expect you to have at least 2 years of IB experience.

Sankaty...drool.

TPG Credit is solid. Fund is newer for DD/SS (closed in '11 I believe). Still not at the same level as Wayzata.

I think most of the credit arms are very solid and tend to profit from opportunities they get partly due to their affiliation with the megafunds

LOL, which TPG hopeful is slangin' monkey shit at me for telling the truth?

Apollo and Centerbridge have a hybrid distressed investing+PE model, but I'm not sure if they have a separate team or if it's all done out of the same fund.

Why specifically a megafund credit arm? If you wanted to do credit, a place like Oaktree would be much better.