Advice to decide between 2 offers
I currently have 2 offers that I need to decide between. Looking for advice in what would provide better skillsets for exit opportunities down the road:-
Prudential Capital Group - buyside debt investor (private placements)
Prudential Capital Group manages a
portfolio of $52 billion (as of 12/31/11) of privately placed
debt-primarily senior, subordinated and mezzanine financing.
Prudential Capital Group is one of the largest lenders, lending up
to $10 billion annually to middle-market companies
Analysts support Prudential Capital Group in
managing and investing private placement senior and mezzanine
debt. Prudential Capital's clients range from large
multi-national public companies to smaller privately held
companies.
•Industry and company
research
•Financial modeling and credit
analysis
•Transaction and due diligence
support
•Portfolio and credit
monitoring
•Prepare marketing
materials
Houlihan Lokey - Debt Capital Markets. Similar to any sellside DCM role that I have read about in the forums here.. However the DCM group also structures High yield debt as they don't have a seperate Leverage Finance group.
I am not worried too much about comps. Just want to get some thoughts on what would be the best path towards bschool, better exit opportunities.
Thanks in advance for helpful and valuable suggestions.
Both seem like decent offers and will leave you with good exit opps, etc. Go where you think you'd fit best and like what you are doing more. For me, that would probably be Pru. But HL sounds like a good opp as well.
Prudential IMO. You'll get to work on a nice variety of deals (recaps, dividend recaps, M&A, growth equity using mezz, etc.).
Be warned, we've pitched Prudential several times and they are significantly higher priced than most of the alternatives, no matter what tranche of debt. I'm not really sure how they compete in the current market, given such low rates, but they must stretch a lot more on deals because otherwise, I'm not sure what they offer that the other shops don't.
They were one of the insurers that helped fuel the LBO craze in the 80s IIRC and it seems like they haven't reduced prices since.
HLHZ is strong in Rx (obvious) and decent w/ MM M&A (out of Minneapolis).
Does the prestige factor comine into play at all ? Prudential is a good name but HL is very well known in the banking space.
Go Pru Cap. Buyside-strongside.
But in all seriousness, this depends on what you want to do long term.
Also, while HL is indeed well known in banking, their DCM isn't. As in, I have worked in cap markets and I didn't realize HL has cap markets.
Appreciate all of the above valuable thoughts. Good to see some support for a non-banking role in a pro-IB forum like WSO.
Not sure why you are making such a statement, considering the preference for many on here to move to the buy side, even if its mezz/unitranche lending.
That Pru role is a research based role, forget about the modelling you won't touch it.. both are not good stints to move to PE
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