Distressed Debt / Special Situations Job Security
I am interviewing at a well known special situations / distressed debt fund and want to better understand if it is a good idea taking a job like this ahead of a potential notable downturn, etc. (which I believe there will likely be).
Since these jobs focus on troublesome / unusual investments, is there a greater risk of investments going "belly-up" and the fund tanking / possibly losing your job? Obviously more companies become distressed in a downturn, but if things keep spiraling down I assume it means potential payouts to these funds also suffer...
I appreciate any input / advice -
Bump
I work in a SS fund and no I wouldn’t be worried about that. Good GPs will manage their portfolio and survive. Now it’s the best time in SS, never had such a large deal pipeline like now.
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