Can I transition from restructuring to regular private equity?

Hey everybody,

I currently work in the M&A group at a respectable boutique, but have the option to switch to the restructuring group given the current market situation. I find restructuring more interesting than M&A, but ultimately know that I want to go into PE; outside of firms like Apollo that have true generalist programs, and perhaps a few special sits groups, there aren't many PE firms that will truly utilize both M&A and RX skill sets.

If I do decide to switch to the RX group, will it damper my recruiting prospects as far as what sorts of PE firms are available to me?

Will recruiters be resistant to me wanting to do traditional PE? What about traditional PE funds?

Thanks!

 

Depends on how good the Rx group is. Top Rx groups (PJT/Laz/Evr/Moelis/HL) have the ability to go to non-distressed PE as well, but if you come from a lower-quality Rx group, I believe the optionality is reduced a bit.

 

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