How are SPC's performance and culture/comp in recent years? And their investment mandate? I noticed they have several guys in Chicago for direct lending or MM PE, and they also hired some analysts with real estate debt background?
Also, it's one of the few distressed funds hiring undergrad kids. From junior analyst level, how is Silverpoint's analyst experience comparing with other established distressed debt players like Oaktree, GSO, Bain Cap Credit, Centerbridge, Cerberus, York, Avenue, KKR SSG, TPG Sixth Street and Carlyle Strategic Partners?
Talked to a few of the people at the firm over the summer, and it seems their mandate covers both distressed debt and equities (though the latter comprises a much smaller portion of their allocation... say ~10-15%). More importantly, analysts are thrown into a brutal learning curve that I think is perceived as a healthy challenge. Work is not really compartmentalized from my understanding -- everyone needs to be simultaneously well-versed in bankruptcy law, FI, equities, etc. As for comp figure, you can PM me for the details since I know two people of different graduation years going there out of college.
Lastly, I think they're actually considered favorable to the firms you mentioned at my undergrad since many of the intellectually hungry are looking to go into RX or distressed. They only recruit one person per year, period. That one person usually comes from one particular school, and the recruits have a tendency to have 4.0s (just an observation).
They take 0-2 people a year, but yeah, it’s basically the top one or two kids from Wharton. Everyone who goes there seems to have had a ton of other opportunities, but it’s perceived as the best.
Probably the top place to go out of Wharton. Know a couple guys there from my year and interviewed with them several years ago. PM me if you want.
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They also take tons of kids from BBs, bunch of analysts from JPM, Barclays etc.
I don’t think that’s true on the public side. They do take from BB on occasion, but it’s generally top groups and only one or two a year.
They also have a private credit team, and that’s probably where you see the people from more varied places.