Best opportunistic credit shops in LA?
For context, I’m a 1st year analyst in RX in NYC but want to move to LA after I’m done with my 2nd year here.
Curious to hear people’s thoughts on comp/culture/career trajectories at the following places and which ones I should try to target:
- Ares Special Opportunities Fund
- Beach Point Multi-Asset/Opportunistic Credit
- Canyon Partners
- Oaktree Special Sits/Global Opportunities
Have heard ASOF and Oaktree SS have good returns, not sure on others but would be curious if anyone else has some info
heard good things about culture at Beach Point but not sure on comp there
Yeah same here. Have heard it’s decent wlb but haven’t seen anything online about comp
Lane42, PIMCO opportunistic, and Empyrean as well.
L42 looks super cool on paper but has no return history and is like 6 months old. Should not be on list…. At least yet
To be fair this is more flagging who is in LA. I think if I had head to head, I'd rather take on an associate 1 gig there though vs. a couple of the others mentioned. You basically are buying into the launch team which has former head of Oaktree NA Opps, former head of Apollo Hybrid Value, both reporting into Scott Graves . . . Probably as de-risked as it gets for someone with "no" return history with a bunch of AuM growth potential and ability to move up to VP / Principal.
Pretty sure Glendon is also out in LA.
Any info on Empyrean’s mandate?
Thoughts on PIMCO? Heard mixed things on comp assuming this is Dan Degtyar’s group
PIMCO the firm that all of us can't get in muahaha, same with Ares. They had 1000+ summer and junior level applicants last rotation. God save us all
What ranges did you hear?
whats the word on comp? happy to share intel for other shops
how is tennenbaum/blackrock?
Curious as well
Look at TCPC stock, that’s how they’re doing
Saw on another forum that ASOF aso1 is $350k but might be a couple years old
Don’t touch Glendon
Why
What’s wrong with them?
Why?
SS is a PE strategy. Global Opps is a credit strategy.
Do you know if they’re aiming for the same return profile, or is SS higher than global opportunities?
OP here - also wondering who has credit pods if any in LA. Thanks!
Also interested
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