Can someone help me understand what a leveraged finance group does at a bank with no balance sheet to lend from (such as WB)? I'm assuming this is debt advisory type work. What would a deal look like for a levfin group at a non-lending bank? How do hours / comp compare to the industry groups?
| +355 | Evercore Intern Seizure | 54 | 7h |
| +67 | JPM M&A is Gone??? Purely Coverage Banking??? | 31 | 6h |
| +58 | Is DCM actually underrated ? | 24 | 17h |
| +50 | How do I understand vs. just memorizing? | 5 | 16h |
| +48 | Losing my personality in Banking | 9 | 17h |
| +47 | Are all Tech / TMT groups sweaty? | 38 | 13h |
| +42 | Associate & Above IB exits | 16 | 3d |
| +32 | Incoming IB Analyst: Best Ways to Prepare? | 10 | 9h |
| +27 | Which groups are ideal for laterals? | 12 | 11h |
| +24 | The good and bad with Wells Fargo | 1 | 17h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Bump. Curious as well
Interested as well
Don't know specifically about WB's group, but you are correct in that it is debt advisory, which is becoming increasingly utilized as part of MM and even some LMM transactions. You'd work on:
1) Potential transactions: finding/securing debt primarily for sponsors trying to acquire a business (can be tough because if your sponsor doesn't win the deal, you did a bunch of work for nothing)
2) Recaps of existing portfolio companies: either to provide shareholders with cash returns (distributions, dividends, etc.), provide more flexible financing for growth or acquisitions or potentially to supplement restructuring or special sits in distressed
Hours tend to be better overall from what I've seen, but can spike because there tends to be more compressed timing for some transactions (particularly the potential bucket where sponsors engage you to get a term sheet or financing arrangement so they are able to deliver a fully-baked LOI)
Majority of the deals are with BDCs and non-bank funds (Golub, AB, Ares, etc.).
Bump if anyone has any other info
It’s just like jefferies levfin, you advise, structure and work on smaller lev fin transactions, but you originate to distribute.
Think of all that goes into a lev fin role besides actually committing the capital.
Jefferies has access to not only MassMutual’s balance sheet but recently signed a deal with SMBC that’ll give it even more capital market capabilities. Also, Jefferies is a top group when it comes to LevFin and honestly WB isn’t anywhere close when it comes to LevFin.
Dolor deserunt quis optio ratione est voluptatem quasi. Quisquam sapiente id maxime magnam. Illum culpa nihil accusamus laudantium molestiae quia. Aut dolorem ut officiis dolor accusamus. Doloribus harum voluptatem est doloremque dolorem et.
Eum earum et tempore quos. Vel velit qui accusantium. Dignissimos quos doloremque corporis accusantium consectetur in.
Alias praesentium cumque ipsam quod aperiam voluptas. Aut est possimus dolor rem aut dolorum. Aperiam fuga ut ipsa.
Ipsa numquam deleniti rerum natus natus. Expedita corrupti quaerat id. Et quidem aliquid labore temporibus dolor enim vel et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Veritatis qui placeat laborum dolor quo magni qui. Quia nobis sunt dolore.