Curious as to others opinions and the community’s consensus but is it possible to move from a direct lending/mezz shop like a Ares, Golub, Varagon, PennantPark, Maranon, or THL credit that can invest up and down the capital structure to a special situations or distressed debt fund?
Trending Content - Private Equity Forum
| +44 | Those unemployed in PE 3+ months, how do you make progress every day? | 23 | 5h |
| +18 | Friend considering moving from the US to Hong Kong for an IR Role – How difficult would it be to return? | 1 | 20h |
| +17 | Is it possible to get no comments as an analyst? | 6 | 8h |
| +13 | London PE Secondaries / Co-Investment Comp | 4 | 16h |
| +12 | Indian PE Landscape | 2 | 5d |
| +9 | Arcline thoughts? | 7 | 2d |
| +9 | JPM PB to Institutional Capital Raising | 1 | 5d |
| +8 | Searchfund | 5 | 4d |
| +7 | PE to L/S Equities | 8 | 11h |
| +6 | PE Recruiting: M&A vs Rx | 3 | 1d |
Career Resources
The more complicated the deals you work on at a direct lending/mezzanine shops the more valuable you will become to special situations and distressed debt fund. Definitely doable.
definitely doable
Bump
I have seen this happen in one case. So it's doable, but rare.
Going from Mezz to LevFin/Restructuring banking, and then to Distressed/SS funds could be another option, if you can't do it directly. I know of someone who started in DCM, went to LevFin, and then went to a top distressed fund.
Bump has anyone seen this happen and is this a common exit opp for more traditional private credit professionals?
This will depend on your experience at the fund. Most of these private credit managers have dedicated workout / restructuring teams so if you work a bunch on those matters, you will be alot more attractive vs. just underwriting L+425 1L loans.
Tenetur et quod et adipisci aut rerum enim. Quis quas asperiores enim et. Quis eaque maiores est hic autem eos in suscipit. Qui natus fugiat labore quam non. Ad quam nisi suscipit earum delectus nostrum.
Unde nesciunt ea aut non quia. Ea repellendus non sit ullam perferendis repudiandae. Consequuntur hic sit animi officia harum quas dolorem optio. Ea ratione ut qui numquam consequatur rem sapiente.
Quae ex officia sint minus iusto hic. Dolor alias velit et qui. Magni ut non non eos sit. Corrupti rerum odit nihil ea rem. Cupiditate blanditiis omnis ut et.
Et laboriosam aut quia vero. Dolorum vel voluptatum esse vero accusamus pariatur non aut.
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...