Exiting to distressed debt fund
Is it easier to exit to a distressed debt fund from a Restructuring or Lev Fin team? Thanks!
Is it easier to exit to a distressed debt fund from a Restructuring or Lev Fin team? Thanks!
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Restructuring - you would get direct experience in OOC and Ch 11 bankruptcies
bump. Is the transition easy/possible from a low-tier RX IB (JEF/Baird/Piper)?
Don't have a direct answer to your question, but for context, even coming from an RX consulting background, you'll most likely get looks from distressed shops, especially in this market.
Do you have any stats behind that? I’m an AN1 RX consultant at A&M and haven’t seen any real exits (saw one post MBA associate go to a BB as an assoc1) but no distressed exits. Seems like all buy side opportunities want IB if not RX IB. Happy to hear a counter argument. Currently weighing A&M RX or one of the low tier RX IBs mentioned above for reference and looking to do distressed buy side in the future.
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