What's the Deal with Blackstone Tac Opps?
Hey All,
I'm beginning to panic.
I came from a top target and then a top BB (think GS / MS / JPM) to Blackstone Tac Opps last summer. During on cycle, I was told that I was mainly going to be focused on buyouts, with a little bit of cross-capital structure investing. I'm approaching my second year in the group and so far I have been mainly in non-convertible preferred deals that never close. Was originally thinking that this might be a function of the markets but all my colleagues in buyout have been looking at tons of full-control opportunities. In response to this, I've been trying to recruit for other positions but it seems like the only funds that will even consider my candidacy are top credit shops. I was able to land one interview at a L/S hedge fund and they really liked me. However, they were under the impression I was in classic buyout and given my deal experience, they mentioned that they would only be able to extend me a role with the credit investing PM.
Any advice would be great-- really getting worried here and very tired of going exclusively to credit committee. I did not sign up for a GSO experience! For context, I got an offer to return to banking as an AN3 in my old group or they will give me a year of credit to be an Associate in the direct lending group. What should I do?