Role of the LevFin group fundamentally changing?

iphonedsponsors does lbos and m&as and does pitches to pe shops

levfin does hy dcm and hy modeling. thats the way its been and will be

Let me guess...sponsors intern?

At my BB, coverage groups will typically "own" the model, but lev fin will take it and use it for their purposes. Furthermore, building and running models is not actually difficult. Tedious, but not difficult.

MezzKetAs long as LevFin is underwriting or syndicating leveraged loans, they'll always do their own modelling since it is essential for credit committee...

I've read some of your previous posts, so I know you know what you're talking about; however, this is not always the case. It may be in most cases, but at some banks such as mine, the coverage group (it may depend on group - I'm not sure) will do the modeling specifically for the credit committees.

iphonednope, its just how it is at my BB, there are lots of changes though since they split the two groups recently. nothing in banking is difficult i just miss having a life and going shopping.

Of all things, you miss shopping....