Hi WSO,
I have a FT IB offer from one of the big non-BB IB's in London, specifically in a credit-focused group that does a lot of different debt financing deals, i.e. hold-co financing, equity bridge loans, direct lending, portfolio financing, project finance. The loans are pretty bespoke, the team models sculpted amortization, PIK etc, and a lot of deals are done in infra/power/energy sectors. Size range 25m-250m
Some background: MSc at a European target uni (non-UK), SA in the same group, and I have an upcoming off-cycle spring internship in M&A with a top regional MM IB, in the region where come from.
I like the team and culture, but I am just a little bit worried about possible exit opportunities. My career goal is to move into the private credit (preferably mezzanine/distressed) space.
Is it reasonable to move to a credit fund after my FT stint or would I need to lateral to a LevFin group or similar first? What are reasonable exits?
Dear Alumni from HEC,
This looks like a FT offer at Nomura, a MiM at HEC Paris and an off-cycle at AZ.
If I am not wrong, you will have no problems to move to a good credit fund. Btw, if given the offer at AZ don't turn it down, some spanish colleagues from the MiM were really amazed with the experience there and if they were in your shoes would turn down the offer at Nomura,
If you need some more info just PM me.
Very, very close but yet no cigar. Thanks you for the input, I'll PM you!
Agree with the above OP - but one thing, are you sure the group does project financing? Granted all credit products are somewhat different, but project finance is an entirely different species...
bump
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