what are the exit opps for restructuring?
From what I've gathered, doing restructuring after graduation leads to opportunities in distressed debt hf or more restructuring. What other opportunities are there?
How hard is it to go from restructuring to a PE firm that doesn't necessarily deal with distressed debt or bankruptcies? Also, how hard is it to move from restructuring to M&A? I've heard that the two are very different, yet the skill sets are somewhat similar.
I've looked at past forum topics regarding restructuring but couldn't find the answers to these questions. Thanks.
I have three friends that have come out of restructuring groups :
one went to a major Distressed Debt Hedge Fund, one went to an equity HF (long/short), one went to a MM PE not specializing in distress.
special situations pe
how about regular PE? Is it harder for restructuring kids to get jobs at the better PE shops (not special sits. or distressed), or do they just prefer to go to distressed debt HFs? As I said, I only know of those three cases, would be interested to hear from someone with more knowledge/data points.
Given that restructuring is probably going to be really busy for a while, is this deal experience worthwhile to top Private Equity firms and Hedge Funds? Or is the skillset just suitable for Special Situations PE and distressed debt HFs?
Just curious, how about distressed debt/equity trading on either buyside or sellside?
Thanks.
Most likely it will lead you to a distressed debt HF though.
Does Restructuring limit you in the Finance Realm? Exit Opps? (Originally Posted: 08/28/2008)
Hello,
I am a new poster with kind of a pointed question about the finance sub-set of Restructuring. I am considering accepting an offer with a top Restructuring boutique (Lazard, Miller Buckfire, BX, Rothschild).
Does it give me a different skill set in terms of modeling and general knowledge of finance than my fellow M&A banker might get?
Does it limit my exit opps to only distressed PE funds (Cerberus is one I know guys at my shop go to about one/two per year) and hedge funds that may want me for my ability to analyze debt they want to invest in?
I know its a top group in a specific field but I am worried I am boxing myself in too soon. Any advice?
Thanks
.
Restructuring is obv an active place to be now.
How long will it be a good place to be? Still a good place for a summer analyst next summer?
I'm curious about the exit opps too, other than funds specializing in distressed debt - say how are the exit opps to regular mega fund pe groups?
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