Capital Markets Groups within Funds

Hello all,

Could anyone provide some insight into the roles and responsibilties, and perhaps any interview guidance surrounding capital markets groups at funds. My understanding is that several funds have these capabilities to raise capital without the transaction fees of banks, with several funds looking to build out similar capabilities. (This would not be referring to raising capital for funds themselves of placement agents).

It would be great to get any guidance if these groups are fairly technical in regards to understanding valuations or more along the lines of a sales-focused capital markets role matching potential lenders to portfolio companies.

Thanks!

3 Comments
 

I am confused. Are you talking about PE funds getting lines of credit from banks? Or are you talking about funds (mainly debt) creating capital markets groups (mainly syndications) within their fund? The latter is basically a way for a fund to manage exposure and skim fees thereby juicing their returns. The former is basically a treasury management function within a fund making sure there are appropriate capital call lines, etc.

 

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