PubFin IB → Private Credit? Advice
Hey all,
I’m a 2nd-year PubFin IB analyst (promotion pending), and I’ve been fascinated by the work I've done with structured bank products on tougher credits. I’d like to pivot into Private Credit—open to infra/real assets, specialty finance, or MM direct lending/loan syndication
For anyone who’s made a similar move:
- What paths actually work from PubFin IB → PC?
- What should I highlight on my resume, and what should I downplay?
- What technical prep do PC teams expect?
- Any recruiter or fund recs (NYC preferred, flexible)?
Thank you!
I’m in a CIB group that primarily exits to direct lending PC if you leave the bank and I’ve seen the following:
1. Heavily emphasize execution and underwriting
2. Amount of deals. Our industrials, fig, and energy groups have the most and have a lot of reps.
3. Most go to MM shops, I’m at a Truist/SMBC/BNP type bank
I definitely believe a PubFin analyst at a reputable bank could do it. Just adjust everything towards a credit centric viewpoint
Interesting, there are a lot of crossovers in our work with industrials, fig and 'utilities' / energy clients that I feel would be good ot leverage.
So MM shops would be the target here.
Most definitely target MM shops. Most UMM ones I see it’s mostly people from LevFin, occasion odd group here and there. PC is still growing as an industry, all of these firms seem to be hiring lateral positions.
Just have to find out which specific segment, if I exit I’ll end up going direct lending most likely as it’s more relevant to my position
.
del
Disregard the title - I started my career in public finance as a summer analyst/returned full-time, transitioned to M&A at a Big 4 Corporate Finance, then moved to a middle market direct lending fund (currently a director).
This is super helpful, I appreciate your time! Would you mind dming for follow ups?
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