Views on BB Leveraged Finance (analyst program) in the era of Direct Lending / Private Credit?
Hey everyone,
Was looking for advice — I'm currently doing FT placement at a BB and was wondering if it would be wise to return to the levfin group I interned at (vs. moving to coverage) given that most sponsor-backed deals seem to use direct lenders? For context, the coverage groups that I could move to are relatively weak, and I would prefer to work in levfin due to exposure to multiple industries and (hopefully) more closed deals. At the end of the analyst stint, would like to exit to UMM / MM PE.
Thanks in advance and would appreciate any input.
bump!
Lev Fin places more to buyside credit funds than PE funds.
At the end of the day, you should go with whichever group has the strongest deal flow.
It’s hard to give more informed feedback without knowing more details on which BB you’re at - that also will make a difference.
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