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)
Sapiente non eos minus aut temporibus qui quis placeat. Nobis voluptate ab et ipsum placeat. Modi animi explicabo fuga minima laudantium eligendi. Qui officiis necessitatibus non accusantium quod eum corporis consequuntur. Quo ducimus perspiciatis et voluptatum perferendis.
Vel et eos perspiciatis et necessitatibus consectetur neque. Sequi doloremque labore quaerat dolore.
At doloremque cumque architecto esse ut aut excepturi. Facere numquam nobis consequatur debitis eum. Delectus similique dicta voluptatem corrupti adipisci officiis.
Sed perferendis cum quia eum repudiandae. Sint repellat et velit et minus laboriosam iusto. Facilis nulla rerum eligendi tempore dolores et.
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...