GS Private Credit London
Hey,
Does anyone have insight into GS PC in London? What is the culture like at the junior level, and what are the typical exit opps?
Also, if someone starts as an intern in private credit, how difficult is it to switch to traditional PE/IB at the junior level (i.e. applying for a IB/PE AN1 position as a PC intern)?
Best,
bump
Bump
Have some friends who have worked in the team, so happy to provide some insight.
Strong private credit platform, with good deal flow. Culture wise is horrendous, not in terms of hours, but in terms of 0 socially aware seniors and non-sense politics. All Analyst are very friendly, but you are only privileged if you are French / Italian. Mid-level people (VP) do not give a crap about you and half the Associates are disabled.
Typical exit ops is PE, since no one actually have an interest in Credit, as the work is similar to PE but limited carry and operational work. In past people have exited to MF.
You will get an interview everywhere you apply in both sell side and buy sell. Going to IB is a big downgrade from that team.
Happy to answer any other specific questions.
Do you have info on how to recruit for this group as an associate? Do they hire post-MBA or would you happen to know the HH they use? Thanks
They have a job posting right now on their career page for analysts and associates
HAHAHAHAH LMAO
BUMP
Cannot comment specifically on culture but have seen them in the largest PC deals out there. They used to be extremely aggressive in 2019-21 (together with BX Credit fka GSO, and Ares). As per your question, moving to IB would probably be a downgrade for your CV (in addition to being a completely different job and probably considering no one is hiring in the current market in IB). PE is definitely feasible.
Correct. Unlike other Credit funds the team in London do not have a portfolio monitoring team, meaning that juniors often have to sit and do non-sense work which is a lot given that they probably have more than 100 portfolio companies. Comp is also way below the funds you mentioned
bump any info on comp?
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