Case study discussion round for a top 5 hedge fund (based on AUM) in the discretionary investing vertical (private credit)

Hello fellas,

First of all apologies for asking for help on a Friday (hope you all are ramming down booze and whatnot to compensate for all the hours you guys put in at work this week).

Been active on this forum since my freshman year, and this is my first post. I have a case study discussion the next week at a hedge fund. Prima facie, the team seems interested in the case study that I had submitted which included financial statements projections, valuation (DCF, SOTP, multiples, LBO), and some other sensitivity analysis. This also included an investment memo (industry & company overview, peer comparison, business & financial risk, covenant analysis and conclusion). My analysis indicated that equity investment would not be favourable, but the fund can invest in one of the bonds which has decent issue rating.

Any inputs regarding how can I structure my walkthrough and explanation around my thesis (the role involves credit investments)? I have been working as an Associate at a VC fund which also does credit investments (where I am primarily involved). Prior to this I was an Analyst at a BB IB. I have some Investment Committee experience, but this is the first time I will be explaining my thesis to a hiring team (first case study discussion interview, wish me luck) and hence, need some input from you guys to present my case in a better way.

Thank you in advance! Cheers.

 
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