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LevFin
Does anyone have a leveraged finance training guide that law firms create for the training? basically, to understand where and how to set the covenants, etc.?
Jumping from Buy Side to Sell Side - LevFin vs Private Credit Role
Need some advice on making a career move, I'm currently at a boutique private credit shop for 2 years now, doing very interesting special sits and direct lending deals. However, comp is pretty bad and we just aren't closing any deals at the moment, none of the deals we bring seem to close. I believe...
IBD - London
Dear WSO Community, I currently finished my second year of Uni and have two PE internships this summer (around 3-5bn aum). After Uni, I will do a gap year and would really like to see IB in London. However, having a buy-side heavy profile, I think getting into M&A will be hard, which is why I...
Commodity Credit Analyst -> Commercial Banking-> Lev Fin/Private Credit Analyst?
Simple question, I have been working as a cash market commodity trader for the last 3 years and I am looking for something new with an end game of ending up in Lev-Fin/Private Credit Analyst. Just applied to a few roles within my firm as a credit analyst that I have a decent chance of getting. My...
Resources for Leveraged Finance
Hi all - I will be starting an internship in a LevFin group this summer and was hoping to find more info on LevFin (primers, books, videos, news, etc.). Additionally, if anyone knows of older posts on this, please lmk (the search function is a pain to try and navigate). As of now, I have a few...
Is it likely to go from a structured finance/securitization role -> private credit?
Firstly, I'm very new to all things debt-related and have just recently fostered an interest in credit, so bear with me if this all sounds conflated, it's most likely because I'm still trying to get my head around things and struggle differentiating aspects between LevFin, DCM, Fixed Income,...
LevFin deal flow?
With the likelihood of a recession hitting soon and debt markets drying up, it seems that the deal flow in LevFin is pretty dead. I got an offer to join a LevFin team in August/September but due to the above, I am not sure if I should aim for another team? Do you guys think the deal flow will be...
BofA LevFin vs REGL vs Industrials
What do you guys think about the following groups at BofA? Which provides the best path for exit opportunities (PE/HF/MBA)?
WTF is the point of low amort structures in DL/PC/lev lending?
Why not just do interest only? Can someone explain to me the purpose/history or regulatory background of low amortization deals? Explain it to me like I am an idiot (which I am). 1% of even 2.5% per annum is not materially reducing the commitment and credit risk…so I simply don’t understand why...
Lev Fin: Syndicate vs industry coverage vs asset based lending
Would someone discuss the differences between these groups in Lev Fin? Recommendations concerning which group I should attempt to place into would be greatly appreciated.
Non-Primary BB Lev Fin Desks
Hi everyone, I was wondering what deal flow and exit opps look like in the non primary lev fin desks at larger banks? I'm not sure if "non primary" is the correct phrase, but I am referring to the Lev fin desks in LA or SF, awhile there exists a much larger desk in NYC . I've read the other posts...
DCM - Lev Fin - Syndicate - Outside Investors
Hi guys, could someone please explain the following. I read online that "DCM focuses on investment-grade bonds that are syndicated and sold to outside investors". I get that Lev Fin is focused on high yield bonds. What does it mean by bonds are syndicated and sold to 'outside investors'. Are bonds...
CS Lev Fin - good place to SA as sophomore?
Hey Monkeys, Just received an offer from Credit Suisse to work as SA in their leveraged finance division as a sophomore. Would love to hear thoughts and opinions on the group, whether this is a good place to intern as sophomore? A little context: Am non-diversity, should I continue to recruit for...
CIT -- How much better since bankruptcy?
I have a good shot at an opening at CIT within their Tech underwriting Lev Fin group. Most of what is written about them is 4+ years old on here. Anyone have an idea of how CIT has re-positioned themselves since crisis or even 3 years ago? Like are they "shit", as one monkey divulged on an old 13'...
Antares Capital (GE Capital
I just want to get a little insight onto what Antares Capital does. Website is antares dot com (wont let me post URL) ..... Cant tell if it is purely Lev Fin or they do other shit. I have an interview for an internship there coming up on campus and would like to get a bunch of opinions on any aspect...
CFA® - worth it for bankers?
I'm a 1st year analyst in a MM in lev fin and am looking into taking the CFA® this year. I've read a lot though that for banking and PE it's not really beneficial. I would be doing it against my banking hours too. The views of any experienced bankers and PE guys would be really helpful here in...
IBD Lev Fin or Investment Analyst
Investment Banking Headhunters
What would you guys say are the best headhunters to use for IB laterals? I found a few topics on this but they are all outdated and generally do not have great responses. My buddy is looking to lateral from a European city (he is in sort of a hybrid trading / lev fin role at a BB) to NYC and all of...
credit suisse leveraged finance origination & restructuring
Does anyone know about the reputation of this group? How much bankruptcy/restructuring do they actually do?
MS Lev Fin vs. GS/JPM/BAML
How is the MS Lev Fin group, compared to GS , JPM , BAML 's Lev Fin group, in terms of exit for PE fund? Are they doing a lot of modeling or just pricing? It seems that they are placed under the Global Capital Market.
Lev Fin -> PE in Asia
I understand that there has been a lot of halo placed on Lev Fin group in the U.S.. However, for those who aim for PE in Asia, is it necessarily wise to start at BB Lev Fin (in NYC), given that the debt market is so undeveloped and heavily regulated in Asia, more specifically, East Asia region? KKR...
Leveraged Finance Groups' Hours Across Street
Lev Fin seems to be one of the more variable groups I've heard in terms of average days. Specifically speaking, how do hours compare between BBs vs. Elites vs. Boutiques? Obviously the days are much slower than a DCM group but nature of the companies you advise could cause you to be in the office...
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GS Lev Fin vs. JPM M&A
Which would you take?
Some Perspective Needed
Hi guys, Would appreciate some guidance on my current position. I'm a 1st year analyst (first job) at a buy to hold, IG debt fund which is exceedingly risk averse and bureaucratic. I have no faith in senior management and velocity of transactions is dire due to internal bottlenecks and the...
less hours, less work v. something else
I'm really interested in Lev Fin, but the company I'm joining has a small group. I heard they don't work as much, meaning less bonus. Less money doesn't bother me as much as my exit opps or my opportunities to move up. The firm has an otherwise established platform so I'm wondering if its a chance...
Mezzanine/Credit Funds
What are the best groups to get into at a BB to get into a mezz fund or a credit HF ?
Is this LevFin or Portfolio Management?
I'm aware of what Leveraged Finance at Bulge Brackets banks consists of, but also have a friend at a well-known boutique bank who apparently works in LevFin too. However, his bank only purchases debt from these companies, rather than the structuring of said debt, etc. Its more of a portfolio...
scotia capital lev fin?
I realize the presence of Scotia Capital is tiny and even less so for its LevFin, but can an analyst there be considered for pe jobs or is pe strictly the domain of BB analysts? Also would anyone have an idea what the comp is like? This is for NY . Thanks.
DCM To....
Hi Guys, Had some queries for people who are experienced in this area of expertise. I am a first year analyst at a top BB (think MS/ GS etc .) and I work in DCM within the high grade sovereigns team. While initially interested in this sort of work, I have found myself more interested in the...
Barcap Nat Res and Power
for the NY office which group would be better? i know nat res is arguably their top group and top on the street, but it seems like nat res does a lot (if not all) execution in houston for energy purposes. maybe power would be better in NY if that is the case also how are the lev fin and sponsors...
Lev Fin vs Rotational Program for Sophomore
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High yield bonds vs syndicated loans
I have a FT analyst offer for BAML in lev fin and I have to make a decision between high yield bonds and syndicated loans. I know BAML is top on the street in lev fin, but which of these two areas is their strongest are (bonds/loans) and which gives the best exit ops especially for PE .
Current LBO structures and pricing
I'm preparing for a just in time interview with a lev fin group. I'm having trouble finding succinct information on current LBO structures. 1. How much debt is being used a. How many turns of senior / term / mezz, etc b. pricing for each tranche. If anyone could help in this direction it would be...
High Yield Credit to Lev Fin?
Hi everyone, I'm asking this question for a friend of mine who just started working in the high yield credit research department of a top BB (top 3 in research and with a ranked analyst). He wants to know if after one year of experience he will be able to move over to a good lev fin ibd group. What...
Citi or Greenhill?
Hi, I'm new to this forum, but I'm currently sat on the following offers (all in London FT). 1) Citi M&A 2) Citi Lev Fin 3) Greenhill M&A What would you consider to be the most prestigious and best for exit opps in the future? Thanks in advance.
Choosing Between IB Offers in Europe
Fellow Monkeys, I'd like your view on the choice I'm trying to make regarding my position next year (1st year analyst) Im about to graduate from a top French school, interned at BNPP in M&A in Paris, GS in M&A in Paris and GS in ECM in London. The offers I have are: GS , Leveraged Finance, London CS...
HSBC Leveraged Acquisition Finance First Round SA Interview
I have a summer analyst interview coming up with HSBC Leveraged Acqusition Finance. Has anyone interviewed with them for this department before? Any suggestions as to what I should be expected to know? (Basic LBO , leveraged loans, etc?). Cheers
Lev Fin Pick-Up
Will Lev Fin work pick-up in the upcoming years with the impending corporate loan defaults / restructuring work? Which banks have the best Lev Fin groups?
Lev Fin vs. Trading
Could anyone with relevant knowledge of lev fin and trading send me a message to discuss my situation? Particularly a decision of internship for next summer at a particular firm. Thanks, KZow
Middle Market Banks with Lev Fin groups
Do many middle market shops get into small leveraged finance deals? I'm looking for a list of 5-6 banks. Any help would be appreciated. TTH7
Carlyle Leveraged Finance
Can anyone comment on Carlyle's lev fin practice either in the States or in Europe? Current credit crunch aside, is Carlyle Lev Fin similar in terms of deal flow to top BB Lev Fin groups such as JPM /CS? I know Carlyle is strong in buyouts, but haven't really heard of their Lev Fin practice. Thanks
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