Leveraged Loans - dead end?
Given that CDO's (CLO) have stagnated, does a career in a fund specialising in Leverage Loans sound like trouble?
Can this experience be transferred to another area should the markets turn for worse? In other words what would the exit ops be?
cheers
There are a plethora of distressed debt funds as well as funds that specialize in turnarounds where your knowledge would be of great use regardless of the market conditions...
If you're referring to Leveraged Finance, yeah obviously the market is still active and new deals are getting done. The exit ops are plentiful for those with a leveraged finance backround.
pretty sure OP is talking about working in some sort of loan portfolio group
if so, def not a bad place to be...while CLOs have slowed a lot, there is still real money piling into loans in the primary mkt as well as some HFs and tons of activity from HFs and real money in the seconardy...plus with the rise (and in my opinion) continued rise in volume and liquidity of LCDS, loans are not going anywhere and certainly a good skill to have...can easily move to a HF specializing in credit or a loan trading seat at a BB
hope that helps
What if you are in a sales seat for leveraged loans? what do you think about career longevity?
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