Exit opportunities in loan syndication?
I love my group, but I'm just trying to gauge the exit/lateral opportunities for a position in syndicated loans.
We participate/underwrite in riskier tranches such as term loan Bs that are already arranged by the bigger banks (JPM/WF). We don't structure (lead left) these loans.
In terms of the work, I still do modeling (3 statements) and look heavily into the debt repayment schedules. Cash flow analysis is highly critical and since these are riskier investments we usually have to do an upside,base and downside case scenario in the event we need to exit out. Like most leveraged loans, it's for general corporate purposes such as recaps, M&A (would need proforma analysis) etc...
trade finance, creadit/syndication origination, transaction banking, maybe corp banking (doubt it) etc.
at least that was my impression.. i know some people who moved around these departments
corp banking (i speak about BB banks), however, is imho the most "front office" role and considered most prestigious among above mentioned, so the move might be hard (never seen it inside the same bank)
also depends where you work at btw?
I worked in a very similar role this summer and a bunch of guys left/were about to leave for middle market PE mezz debt funds. It seemed like it was a pretty common route to be honest. This was at a super-regional bank btw
bump
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