This is a traditional debt advisory group. Corporates will use them if the management team can’t otherwise figure out how to raise debt capital and sponsors will use them if the sponsor themselves is strange (fundless, no / short track record, etc) or the sponsors deal is a storied credit or weird industry. They’re mostly placing paper with your typical private credit firms. The group was recently expanded to include equity private placements so therefore not the same as public markets ECM. Relatively speaking the group is newer and not as big or active as say Lincoln’s debt advisory group, but they have a stable deal flow. The group head is pretty chill - she sits in New York whereas most of the team is in Chicago I think. So no facetime for her, not that she’d want it anyways. They’ll typically work with the industry groups to put together materials but have heavy input on positioning for credit investors. You’ll model but it’ll be fairly simple LBO / cash flow modeling.
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This is a traditional debt advisory group. Corporates will use them if the management team can’t otherwise figure out how to raise debt capital and sponsors will use them if the sponsor themselves is strange (fundless, no / short track record, etc) or the sponsors deal is a storied credit or weird industry. They’re mostly placing paper with your typical private credit firms. The group was recently expanded to include equity private placements so therefore not the same as public markets ECM. Relatively speaking the group is newer and not as big or active as say Lincoln’s debt advisory group, but they have a stable deal flow. The group head is pretty chill - she sits in New York whereas most of the team is in Chicago I think. So no facetime for her, not that she’d want it anyways. They’ll typically work with the industry groups to put together materials but have heavy input on positioning for credit investors. You’ll model but it’ll be fairly simple LBO / cash flow modeling.
Thanks a lot for your response! I appreciate the explanation.
Same boat
applied online last week and have an initial phone screening this week
Good luck!
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Perspiciatis ut est id officiis eos nihil. Itaque omnis qui exercitationem reprehenderit dolor. Qui consequatur odio nobis necessitatibus dolorem optio. Earum eos est earum quibusdam.
Et earum aspernatur recusandae eos non aliquid aliquam. Dolorem quo dolorum ut fugiat eos tempore voluptas ducimus. Et esse qui molestiae molestiae voluptate cumque excepturi. Eum et et dolore fugiat incidunt fugit fugiat. Sit corrupti ducimus aut architecto.
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