Private Debt Recruitment
Hi all,
I am looking for some advice and experiences of people who have gone into different forms of private debt.
My situation is as follows. I am a first year analyst working in FIG corporate banking in a BB where IB and corporate banking are one division. I have been getting good exposure on deals, where I have done substantial credit risk modelling. Given the way my firm is organized I have been getting some exposure to DCM and M&A transactions, but most has been with typical corporate banking lending products (pretty much all forms of senior debt). I have had practically no exposure yet to anything in the high yield space.
Currently I am contemplating what I want to do for my next move. I am in no particular rush to leave banking and I like the team and work I am currently on. A lot of the transactions I work on are for credit funds, firms specializing in (IG) private debt and insurance firms. I find these clients very interesting and I am considering applying for some of the larger credit and private debt funds. Given my background so far I am thinking mostly of firms active in direct lending and perhaps mezzanine. My main question is, do you guys reckon this is realistic given my corporate banking background? A different opportunity I have is to move into a DCM role in my second year. Do you reckon it would be worth it to switch to DCM to gain a broader exposure? I am mostly just looking for people who have gone to credit firms and learn more about their backgrounds, and how you broke into credit funds etcetera. I know my description of what I want exactly is still a bit vague, I've only starting working a couple months ago, but I am really looking for some guidance and figured the sooner the better.
Cheers!
Would be interested to hear about this as well....
Private debt job postings (Originally Posted: 02/15/2017)
Are most private debt associate positions placed through the same headhunters that do PE? Or are there popular job boards that have these kind of jobs. Having trouble finding any postings. Thanks in advance.
Bump
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