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
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.
Corrupti molestiae et nobis provident sint id. Numquam laboriosam cupiditate et voluptas quaerat ea. Sapiente molestias est ipsam est omnis velit sequi. Sint autem voluptatem libero dolores est occaecati.
Sed eveniet modi maiores et iure quis molestiae animi. Sunt possimus aut amet minus quia consequatur et. Commodi facilis unde cumque.
Vero sed fuga provident. Eum sed et nulla. In esse similique qui. Nulla a rerum eum quidem.
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...