Private debt fund vs Public debt hedge fund

Also if you could explain your reasoning that would be helpful!

bump

Can't speak to the public side but private debt is mostly direct lending across the cap structure in various situations which is much more process and diligence/deal-oriented in the way PE is.

Find one that does both 

Anyone else?

Bump

I won’t stop bumping until someone bites

Private debt is way more stable of a job and probably gives you better underwriting experience since you are getting more information on the companies you underwrite. Would take private debt unless it was more than a 25% discount in comp.

Have done both a strictly private credit role and a role with both pockets of capital. If it’s truly public vs private and other things being equal I would take private. As the other user said I think you get much more of a deep dive on the actual credit work and would be more likely to be able to pick up the trading side if you moved to public in the future. Definitely a personal preference as well as I just prefer the more in depth structuring and transactional work on the private side.

Our shop does both, I prefer private. Can often get deeper into a company, management much more accessible, and you can negotiate structure/economics.