Blackstone Tactical Opportunities?
SECURITIES LENDING at I Banks 50 comments
Anyone have an recent impressions of BX Tac Opps? There are a couple of older threads but sound like the group has evolved recently given changes at Blackstone generally (e.g. spin out of growth/venture into a separate strategy)
Worked with them on a cool deal in Europe. Some quite flexible Capital for a not yet LBO acquisition after the business went under. Definitely smart guys that are nimble with what they can buy and do, seems like a fun job where you can do everything from distressed like all the way to LBO like.
terms of coverage: 30% FIG, 30% RE, 30% rest
They do not do any real estate anymore. It is more 30% minority/partnership, 30% control, 40% cool and innovative opportunities.
They are focused on opportunistic MM opportunities for higher growth businesses from my experience. Still looking at new deals as of this month.
Hey guys,
Does anyone know what would be the best prep for Tactical opportunities associate role in London? I assume this one will be particularly challenging, therefore would be good to know what to prep apart from the basics (why me, why BX TOG, LBO, my deal experience, good investment pitch, etc)?
Appreciate any tips!
Thanks
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nyc?
wow. that’s awesome. love the word doc finance technicals at the end too. I’ll PM you. how do you think you did? anything you remember that was out of left field on the short answer quiz?
Hey, any chance you could PM me? Just a few Qs
.
Could you DM it please?
Could you send it to me please?
Anyone know how covid is treating them? Could create some opportunities on distressed side, but current portfolio could be getting battered depending on their structures.
Better than KKR Special Sits for sure
How does Tac Opps stack up against Bain Capital Special Sits? I understand Special Sits at Bain recently broke off from Bain Capital Credit and is raising an additional $4 BN fund right now
Bump
Bump
It is an amazing shop, Bain special situations does more credit like, while tac opps and BX will do more equity like investments (less debt), but can do whatever they want. You will do equity deals and learn how to do private equity just like you were at Blackstone, but then will also do other funky and innovative stuff.
This isn’t true at all and unclear why you keep perpetuating this
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