Direct Lending at First Eagle / THL Credit
I am at a college in Boston and doing mygroup (CS/ /BarCap). I also spent my prior summer at this same bank. I am getting along well w the team and pretty confident ill get a return offer for a FT role in this group. I enjoy being on the credit side and see myself in private credit in the long term. I have also been in touch with lot of senior members at First Eagle (THL Credit) and wanted to see what folks here think if I skip the Analyst years at the bank and start my career directly on the a Direct Lending Analyst? In the long run I would like to be at a fund that invest across the debt stack (Senior/Uni/2L/Mezz).
What are your thoughts on First Eagle Direct Lending platform.. or similar first lien funds? (Assuming I get the offer at the fund)
What am I going to miss if I pass on the levfin desk doing broadly syndicated deals? (Edited for clarity)
Do these funds hold the entire piece on their books or are they syndicating it out as well? And how is this different than MF Credit arms?
How is their underwriting process different than the lB levfin groups?
All feedbacks and advice appreciated