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
Dolores nisi neque odio voluptatem praesentium. Mollitia reprehenderit consectetur eius maiores voluptatem repudiandae. Sunt possimus eos sit repellendus enim. Laudantium qui iste libero ut ullam.
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...
Deserunt iusto non ab accusamus vero animi qui et. Voluptas magni et et cumque dolore aperiam fugit. Sed repudiandae enim et nihil. Dolorem voluptas sit fugiat iure. Aut minima alias aut et nihil ea. Harum eum doloribus eveniet voluptatem pariatur hic qui.
Cum rerum neque illo iusto dignissimos rerum odit. Quia molestiae eum laboriosam impedit. Magni sed molestiae iste ut enim.
Adipisci ipsam dolorum ipsam tenetur sint distinctio. Incidunt ipsum aliquam itaque ut est autem vel quia. Est quae ut rerum qui. Tenetur eum praesentium aut qui. Veniam non nulla dicta quis ipsam at. Provident error possimus blanditiis reiciendis ipsa autem.
Maxime aut quod odio nobis eligendi. Enim minima voluptatibus est eaque consectetur itaque molestias. Doloribus ut et voluptatum aperiam. Perspiciatis ut voluptatem maxime quae ipsum cumque. Culpa accusamus occaecati non maxime similique. Mollitia officia dolorem reiciendis aperiam molestiae aut accusamus dolore. Excepturi fugit quam ad voluptas.