Hi guys, have an upcoming interview with a MM private / structured credit fund that originates and invests in a wide range of credit securities - senior secured, asset-backed, mezz/pref, NPL pools, "specialty loans," etc. A member of the team informed me that i would be asked to "evaluate & price a wide range of loan types" and be quizzed about q wide range of industries but wouldn't elaborate further. Very open-ended. Anyone know of a good resource/primer to prepare--other than reading a fabozzi type text, which i don't have time for? Don't know where to begin, as i currently work in a completely different field. Any help would be greatly appreciated!
Trending Content - Private Equity Forum
| +48 | Secondaries Career Outlook: Comp, Exits & Long-Term Upside? | 15 | 17h |
| +46 | PE to PortCo Chief of Staff | 19 | 1d |
| +45 | Consumer PE is dying/dead? | 10 | 2d |
| +27 | Private Equity Office wear | 13 | 2h |
| +18 | Use Cases For Claude Cowork / Claude Code | 4 | 27m |
| +12 | Post-Banking Seats | 7 | 3d |
| +11 | Graduating Before Junior-Summer PE/Growth Internship — How Should I Approach the Firm? | 3 | 4d |
| +8 | How do I go from underpaid to overpaid | 2 | 6d |
| +7 | JD, MBA related to PE and other Wall Street Jobs | 2 | 4d |
| +7 | Oncycle rumors | 2 | 12m |
Career Resources
Fitch's Leveraged Loan Primer, you can skip most of the chapters in Fabozzi but he does a good job on some of the more complex structures (CDO/CLO). Citi CDS Primer, Morgan Stanley Credit Derivatives Insights.
thanks for this. any advice on learning a lot quickly about different industries?
You can't really do that; but what you can do is think logically about what loan or industry you've been presented with, and work backwards.
If you're lending to a middle-man retailer (e.g. O'Riley Auto Parts), they are likely not to be capex-intensive, but are probably subject to cyclical pressures around the auto industry (less new cars on the road = more people buying parts).
If you're lending to a commodity producer with a long-dated perspective (e.g. a cotton producer), you will have to make some future prediction on cotton prices and what can/cannot be hedged; as well as the intial capex to plant the crop and no cash flows while it grows.
Payday lender? - probably need a provision for litigation expense. You get the idea.
Nihil est perferendis fuga harum molestiae. Autem qui quaerat aliquid officiis enim. Voluptatem ad iusto dolores eos non. Eos est reprehenderit placeat hic. Aut dolore aliquam est aspernatur ipsum.
Vero quibusdam doloribus veniam dolor ad. Occaecati perspiciatis nulla consectetur voluptatem et.
Rerum odit nulla sit voluptatem ratione et distinctio. Totam ut iure est iusto. Consequatur nemo dicta doloremque.
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...