Feb 24, 2023

MF Liquid Credit vs Private Credit at the analyst level

I know that some of the MFs (Blackstone, KKR, and I believe Carlyle) have analyst programs for both their liquid and private credit teams.

I understand the difference between the two asset classes, but is there a major difference in exit opportunities between these two groups? Assuming that the plan would be to leave after your two year analyst program, would one group provide exit opportunities that the other would not? Again, thinking about this from a very junior perspective as I understand that you get more pigeonholed in later in your career.

Thanks in advance for any help.

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JamesBank

Why are we talking about exiting from private credit? Soon I'm going to see post about exiting from SMs. We need to stop using the term exit. Work the job you want to work.

Analyst level means first job out of undergrad. I don't think it is a ridiculous question to see how much optionality you have in the case that you don't absolutely love the very first job you have after graduating college, wouldn't you agree?

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