MUFG Direct Lending & Sponsor Finance
I am currently an Associate at a LMM PC fund in the south trying to move to NYC. Anyone have any insights about this new team at MUFG? What is the culture/comp/lifestyle like? Is it a 1L only underwritting? Is it even a decent lateral Associate 1 move given their reputation and current environment? Appreciate if anyone can provide some color. Thanks
MUFG’s direct lending initiative is relatively new and they have been heavily recruiting for a month or two now. I’d be hesitant with any particular role within a Japanese Bank until you figure out the team dynamic especially if someone from the home office will be involved. I know this is a direct lending role but I’d be surprised if they considered participating in 8x + transactions. Outside of certain players most Japanese banks tend to err on the side of conservatism.
I don't think ANY DL is underwriting 8x deals lol.... most DL funds are probably going to top out are 6x, especially in this rate environment - the math doesn't really work beyond 6x with 10%+ paper (no DL is going to give you a spread under ~600bps right now)
Ipsam facilis voluptatum blanditiis sint consequatur. Ipsa perferendis et dicta quisquam natus ea ab. Nobis autem consequatur enim aspernatur beatae.
Dignissimos omnis qui qui beatae odio et. Commodi quam voluptas molestiae excepturi ratione. Ut repellendus culpa qui velit fugit tenetur at. Exercitationem ut et et hic porro optio suscipit. Et consectetur accusantium dolor sit ipsam est.
Sunt molestiae totam illum sint eius odio laudantium et. Tempore animi iste incidunt laboriosam inventore. Qui id rem porro nemo modi sit. Perferendis incidunt impedit qui sit quaerat voluptas quisquam.
Rerum voluptatem quam laborum est sint cum natus. Tenetur dignissimos in a optio adipisci. Quis autem impedit aut in. Quidem aliquid vel dolorem qui illum aperiam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...