I am wondering two things.
1. Distressed/ss/flexible mandate credit strategies are very cool (cross cap stack). For those in one of these seats, what would you be doing as a student, and where would you go out of school (straight to buyside, rx, etc.)?
2. What is the career "sharpe" of credit vs pub. equity. In other words, how is the comp compared to job security vs. equity strategies.
Thank you
| +23 | % of pods making 9 figures consistently? | 29 | 6h |
| +9 | Fastest Way to MMHF? | 4 | 8h |
| +6 | Bad PM | 1 | 1d |
| +6 | Credit HF Guys: How much do you think abt "value" | 7 | 1d |
| +4 | Amakor Capital - Who are these guys? | 2 | 3d |
| +3 | culture at citadel macro | 1 | 6d |
| +3 | 4 YOE in ER & 30 years old | 5 | 1d |
| +2 | 2+1 -> Start-up -> Publics? | 1 | 6d |
| +2 | Walleye SA 2027 | 3 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
bumpy bump bump
Bump
Bump
Best to do restructuring banking or leveraged finance
Many special sits / credit HF is effectively value investing with credit structuring. Understanding business / industry dynamics, and fundamental financial analysis (valuation, historical analysis, cash flow modelling) should be prioritised.
Following this, understanding basic loan structures (tenor, makewhole, interest - pik / cash, equity linked - warrants, royalty, exit fee, covenants, seniority), enforcement / bankruptcy regime and healthy dose of skepticism (downside oriented view) fits for a credit investor
Quibusdam repellendus tempore quas est. Quaerat repudiandae dicta aut minus.
Soluta id mollitia maxime mollitia aperiam illo enim. Quas amet consequatur ex nihil vel omnis aut at. Laudantium unde et aut quia cupiditate adipisci consequatur. Possimus amet voluptate quaerat.
Odit tempore non quaerat laborum distinctio eius ut. Nemo velit assumenda praesentium rerum amet quo quia. Facere aut in a suscipit dolore. Et voluptatem dolores officiis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...