Is there any issue with going straight into SSits/OpVal/DD investing as opposed to Rx IBD first?

I’m based in london and the restructuring pipeline is basically full of people doing summers and then converting.

I’ve done M&A for two years and really enjoy it, but I just can’t sit straight without wanting to know what the rest of the Capital structure looks like. I’ve always wanted to be investor mostly private but could entertain some public, & have had the main goal of being able to look at a company in its totality and then invest across the cap structure.

My issue is I don’t really want to go back and do a masters for the summer seat & waste a year, especially after doing two years in m&a, so I’m wondering if it’s best to just try & land a small special situations or distress credit hedge fund.

Also, from what I’m gathering some of the transactions you can end up with in restructuring investment banking aren’t actually relevant for SSits/DDinvesting either & are more just stringing out existing creditors agreements or pre-packing administration sales. Correct me if I’m wrong.

Furthermore, if we go from one extreme to another, BX TacOps hires straight out of undergrad, so clearly they’re missing the two years at a restructuring bank and still fairing quite well/are able to pick up the reins across the cap structure.

Would really appreciate the opinion of people in the industry. Let me know if my logic seems off. I know I’ll be sacrificing the size of deals at a smaller fund compared to in restructuring at a bank, but I still think I’ll be able to work my way upstream from this position either way.

Appreciate your time.