Nonconventional path to PE
I'm a first year analyst in the private credit arm of a large life insurance company. I'm in the workouts / restructuring group - basically when one of our investments becomes distressed, we step in and try to either restructure our investment (eg agree to defer interest and principal payments or even convert debt into equity) or extract as much money as possible in a bankruptcy scenario. We also do some distressed investing, mostly with companies we are already invested in.
I'm really interested in distressed PE and the operational aspect of it. Would I have a good chance at landing an offer at a middle market distressed PE fund or would I need to lateral to an IB/RX group first? Previous analyst classes have had an extremely wide range of exits, from BB corporate banking to one person who landed MFPE so it's hard for me to gauge the average exit.
If I do have a good chance, how/when should I start reaching out to headhunters and associates?
Thanks!
Hey Investment Analyst in PE - Other, I'm the WSO Monkey Bot and I'm here since nobody responded to your topic! Bummer...could just be unlucky but one of these topics will help shed some light:
More suggestions...
I hope those threads give you a bit more insight.
How in depth are the models you are running? financial forecasts, etc or mostly liquidation analyses?
Quite in-depth, as we would strongly like to avoid a liquidation if possible. Typically will project out several downside / base / upside cases.
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