Private Credit/Direct Lending exits
Hey all,
I’m in LevFin at a top BB and have recently been interested in going for a role at a HF as an equity analyst. Thing is, I have a great offer from a Tier 1 Private Credit fund.
Was wondering if I move to private credit and do that for a year, would it pigeonhole me into a ‘debt’ specialist?
Will the move make my HF move tougher?
Thanks!!
Bump
You don't want to be a debt guy. Debt guys are often referred to as the "bitch" or the "dog" in the deal. It is common place for an IB Associate to shit on a private credit VP publicly and the one thing that buy-side Sponsors and sell-side Bankers typically collude on during a process is humiliating the lender bitch-boys. "Pshhh, Donald Debt over here works for a credit fund and thinks that makes him better than a retail banker." the PE Associate may say to his IB counterpart. "You're right" the IB Associate may retort "He is such a bitch, I put him on a leash and walked him around the block during our last DD call and he cried publicly."
Such is the nature of conversations had behind the backs of the credit dweebs.
If you think people only talk shit about you if you work in credit, you're mistaken. Everyone gets made fun (including you buddy), so might as well be making IB money at half the hours / stress in private credit.
LMAO this is fucking hilarious, this has to be low caliber talent. Credit shitpost needed immediately!
Damn that's crazy -- anyways, I need that customer level data ASAP, get to work
Back to flipping logos on ppt brother, your VP is going to give you nice treats if you do tricks for him i hear
Can’t give you an answer but would love to know about how the PC recruiting process was for you.
Specifically if it happens on cycle or not and if you have any points of wisdom to share with someone going to a BB LevFin group interested in PC.
How are exits from a capital markets role at a PC firm? I believe these teams function more as a traditional LevFin role just with maybe less exposure to bonds and more with loans and sponsors. I'd think this could be strong in terms of potential PE or L/S equity exits?
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