Distressed Debt Fund Out of Undergrad Opinions?
Does it ever make sense to join a Distressed Debt Fund right out of college? Seems like the firm invests in distressed bank loans. Wondering what exit opportunities would look like in a few years.
I have some unique RX experiences on my resume, but feel as though the operational side of things are interesting and sitting down writing pitches all day aren't. If I was gonna do that, I'd rather go look at more tech-focused companies like Snap or Netflix that seem at least more exciting than distressed industrial companies. Is a switch to equities feasible if I work at a smaller shop where I get to take on a ton of responsibility? What are some potential exit opps? I do feel like I'd become a great investor in the distressed debt space working at this firm, but just not sure how enjoyable this would be as a career path.
Happy to PM people if that's helpful to gain more insight about the firm.
Depends on the quality of the fund, if you are the occasional singular Wharton person that ends up at Silver Point, I'm sure you will be fine exiting to PE or other equity HF aside from maybe the top handful that don't recruit much. Otherwise, might b better 2 do banking first.
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