Bank Debt/Leveraged Loan Investing
Hi I'm interviewing with a CLO loan shop with a BDC out in New York and was wondering what the career progression is and if there is flexibility in this type of product. I know that distressed funds tend to recruit people from high yields and sell side leveraged finance. I'm just wondering if investing in leveraged loans is pigeon holing myself since it's a lower risk product. I have experience in equities but want to see what the exit options for this type of role is.
To clarify, a CLO investment team within a BDC?
Yes. It would be investing in bank debt
Bump Anyone?
Definitely an uphill battle. I think the standard path is you stick to debt investing. CLO investing is different from direct lending and would probably pigeon hole you even more. If it's direct lending, I know two guys from 2 of the best direct lending shops that landed top L/S equity funds. It's hard obviously
Magnam distinctio eos nihil. Fuga ea odit esse et corporis architecto ullam. Quo asperiores esse explicabo quae modi sapiente. Quia blanditiis et voluptate quia nobis modi voluptatem unde.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Alias odit dolorum neque itaque sed. Eius neque incidunt voluptatem aut. Rerum suscipit vero in. Fugiat ratione itaque nihil error ea. Tempora sint animi eos voluptatem maiores est cupiditate.
Aut voluptatem voluptatum iusto voluptatibus doloremque velit aut illo. Facilis rerum dicta odit temporibus ut repellendus. Autem voluptate facilis et ullam quaerat mollitia commodi. Aut quia ut sequi iste. Natus a voluptates ipsa eum ex harum. Facilis facilis repudiandae suscipit.