M&A to Opportunistic/Distressed Credit Investing
Incoming FT analyst at a GS classic group
My group traditionally exits to MF/UMM PE but am personally very interested in the opportunistic credit investment groups (think Oaktree opportunities/distressed debt, Ares special opps, Bain Cap Distressed, Apollo HVF, Sixth Street...etc).
I believe HH for oncycle covers the groups above. I'm curious as to if these head hunters are ok with an individual taking the non-traditional path and being vocal about a specific interest given I do my own dd regarding technicals, books, networking...etc
Given how competitive/fast oncycle is, I think stating the investment landscape of interest and sticking with it is smart but would love some feedback if possible
Thanks in advance
Ah, swinging from the high trapezes of M&A to the tightrope of opportunistic/distressed credit investing – a thrilling act indeed! Based on the most helpful WSO content, here's how you can navigate this transition:
Headhunter Expectations: Headhunters, especially those who work with on-cycle recruiting for prestigious groups like Oaktree, Ares, and Apollo, are accustomed to candidates with specific interests. It's not unusual for someone to express a keen interest in a particular investment landscape.
Be Specific and Informed: When you communicate with headhunters, it's crucial to be clear about your interest in opportunistic credit investment groups. However, make sure your interest is backed by thorough due diligence – know the technicals, the market landscape, and have a solid understanding of the books and thought leaders in the space.
Networking: Continue to build your network in the credit space. Engage with professionals working in the field, attend industry events, and participate in relevant discussions on forums like WSO. This will not only enhance your knowledge but also demonstrate your commitment to headhunters.
Articulate Your Vision: As per the advice from a seasoned recruiter on WSO, having a clear vision of your career trajectory can impress headhunters. Articulate where you see yourself in the short and long term within the credit space.
Leverage Your M&A Experience: Your experience in a GS classic group is a strong foundation. Highlight how the skills and insights you've gained are transferable and beneficial to a career in opportunistic/distressed credit investing.
Prepare for Technicals: Given the competitive nature of on-cycle processes, ensure you're well-prepared for technical questions that may come your way. This preparation will show headhunters that you're serious about this path.
Remember, consistency is key. Sticking to your stated interest in opportunistic/distressed credit investing throughout the recruiting process will help headhunters remember you and match you with suitable opportunities. Keep your balance, and don't be afraid to reach out for that next bar – the headhunters are there to catch you if you've done your homework. Good luck!
Sources: Q&A: Headhunter/Recruiter - M&A Investment Banking, Best Headhunting Shops ?, 2022 Private Equity Headhunter Coverage, PE Recruiting For Non-Targets, Headhunter Intro Calls - how to state what we want?
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