Silver Point
Are there updated views on this place given the fundraising prowess? The fundraising seems insane for a credit fund (particularly impressive in L/S credit imo). It also appears that a lot of the new capital is going into higher-fee funds rather than primarily CLOs.
Seems like expansion of headcount though is fast (too fast?) and the place may be less good to build a career and easy to just get layered.
Would also appreciate any thoughts on hours and culture. I assume people work hard, but is it to the point of exhaustion and diminishing returns, or is it more intellectually rigorous than grindy?
Based on previous WSO threads, Silver Point Capital is recognized for its strong fundraising capabilities, particularly in the credit space, including long/short (L/S) credit. Their ability to channel new capital into higher-fee funds rather than primarily CLOs highlights their strategic positioning and appeal to investors. However, there are some concerns about the rapid expansion of headcount, which could potentially lead to challenges in career progression and the risk of being "layered" within the organization.
Regarding hours and culture, analysts at Silver Point are known to face a steep learning curve, which is often seen as a healthy challenge. The work environment demands a broad skill set, requiring proficiency in areas like bankruptcy law, fixed income, and equities. While the workload is intense, it appears to be more intellectually rigorous rather than purely grind-focused. However, the demanding nature of the role suggests that long hours and hard work are the norm, though specifics on whether it leads to exhaustion or diminishing returns aren't explicitly detailed.
Sources: https://www.wallstreetoasis.com/forum/venture-capital/pick-you-life-venture-capital?customgpt=1, Thoughts on Silverpoint Capital?, Q&A - Analyst at $1.5B Endowment Fund, Golub Capital type direct lending fund, Silver Point FT Recruitment
Very good at what they do in all things credit. Pays well if you are good but won’t be afraid to cut you.
Makes sense. Given good performance, do you think it's a place to build a career? Not sure if there are too many cooks in the kitchen right now (400 people across the firm). Also is it work hard reasonably or just no regard for personal life,e.g. ability to go home to kids as one enters their 30s seems important. Or is it more akin to sell your soul MF PE? Trying to gauge longer term fit
Very grindy especially at the junior level
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