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Based on the most helpful WSO content, the exit opportunities from LevFin can vary. It seems that it might be easier to move from LevFin to private equity than from a credit fund. This is because there is a lot of "process" in PE, such as preparing the IM, management presentations, financing documents, coordinating logistics, etc. You get a better view of the deal cycle from a bank, as credit is typically quite process-lite.

On the flip side, in credit investing, you have more time to focus on actual investing and will become much better at security analysis, commercial/financial due diligence, etc.

As for moving into MF pure buyout from a LevFin team at a BB, it seems that there isn't a great deal of difference between LevFin and M&A as regards buyout placement. However, other factors such as deal experience will also be relevant.

Remember, this is just a general overview and individual experiences can vary. Hope this helps!

Sources: Q&A: BB LevFin - Mezzanine - Opportunistic PE, Leveraged Finance Exit Opportunities, LevFin WLB-focused Exits and Other Questions, Direct Lending vs LevFin at a BB

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Yeah to add color - currently @ JPM and will say getting way more credit looks than MF. Has to do directly with our capital markets / financing focus. Compare to BAML LF who will get far more LBO modeling reps and traditional MF looks.

 

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