Exit opps for high yield DCM?
I'm joining an emerging markets DCM group at a BB as an analyst. I thought DCM was only investment grade, but I am learning that since I am in emerging markets, my team does a lot of high yield corporates as well, which includes real credit analysis.
If I work on high yield deals and emphasize that experience/skills on my resume, would I have a chance at exiting to private equity? Or private credit? I know that DCM isn't great for exit opps, but since learning that I will also work on high yield deals, I've been thinking that I have a chance for at least private credit.
Thoughts?
Do you guys do acquisition finance in those emerging markets or is all just for general corporate purposes?
I believe it is a mix of both. The senior guys on my team have mentioned acquisition financing multiple times when I spoke to them, but I can definitely ask more about it. Does it make a big difference?
If your clients are PE and/or PC firms then probably yes. Generally I think people exit bank jobs to go work for a client or a firm like a client in-house as far as I understand.
I think PE/PC firms these days have growing capital markets teams in-house so I could see that as being a reasonable potential next step if you want / it made sense for the work you end up doing at your job.
either way, best wishes. Good luck :)
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