Jul 20, 2023

Private Credit Career Advice

Hi All,

I'm looking for some advice/insights.

I'm currently a post-graduate student who landed a role on the buy side for a very small boutique private credit fund ($400M AUM). We look at anything ranging from senior/mezzanine debt to preferred equity. 

In terms of long term career progression, is it better to move into a more well known bank on the sell side, develop the networks and "reputation", exposure to bigger deals, then make the transition to a larger buy side fund later down the line? Or, given that I'm already on the buy side, stick it out and try to just make that jump to a bigger fund after a few years. 

TLDR: Does the skills/experience matter more, or is it the firm's reputation that opens doors better? 

 
Most Helpful

I'd give my 2cents. I think since you are already on the buyside, it will be more coherent to continue in a PC shop. It might take a couple of steps to get to the right place, but I don't think going to a bank for the deal exposure is easier to justify for your next buyside role. You want to show that you want to be an investor and that your career choices are fully aligned with this goal.

 

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