How to make the transition from a Mezz. / Direct Lending role to a large multi-strat credit fund?

Hi fellows,

Relatively simple question here, as laid out in the title: I spend ~3 years in banking at two firms, doing mostly financial sponsors but also some M&A and restructuring.

Moved to the buy-side about 6 months ago in the credit arm of a PE fund (think AEA or Audax Private Debt). Enjoy the role, like the team and such a joy to be out of banking.

However I know I want to keep progressing and aspire to join a large multi-strat credit fund, with teams working on all areas of credit (think Anchorage, Farallon, Centerbridge, D.E. Shaw...).

I feel that as I am now on the buyside everything is less scripted, and maybe I should adopt a different strategy (as opposed to talking to numerous recruiters).

For info, what I really want to do is the same type of investments (private credit) but be able to put out larger tickets in situations that differ between each other (Private Debt / Mezzanine mandate is relatively rigid). I am also very curious about adjacent areas and would like to work / discuss / have at my IC people who manage HYB portfolios, CLO managers, RE-related debt, infra debt, other structured products...

Thank you for your insights!

4 Comments
 

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