What is the difference between Syndications and Leveraged Finance
I know some banks also have a joint syndications and leveraged finance group but I was wondering what each group does exactly.
I know some banks also have a joint syndications and leveraged finance group but I was wondering what each group does exactly.
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Syndications = sales Lev Fin = IBD, structuring, analysis
I understand the basic differences but I am looking for more in-depth/technical differences
ex. would a syndicating bank have a title on a deal like bookrunner or something. What are the respective titles for lev fin team vs syndications
Yes. Sometimes, not always. At worst just MLA.
Titles of what? Analyst, Associate etc...?
Someone would be lead left. Usually they are the administrative agent. Not really sure what you are asking for...
In a syndication you have a lead left arranger, this is the aforementioned "bookrunner". Then you have the agent, then the participants (smaller banks usually). Arranger and agent earn a majority of the upfront fees.
Okay this is what I was looking for...my other question is what would be the title of a pure leverage finance investment bank. just advisor?
Okay this is what I was looking for...my other question is what would be the title of a pure leverage finance investment bank. just advisor?
Can't speak as much on leveraged finance as I can on loan syndication and DCM, but interested in hearing others.
LF vs. Syndications Group (Originally Posted: 12/07/2012)
Are these usually two separate product groups in banking? If so, what is the difference between them? Thanks.
syndications = sales lev fin = banking
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