Picking MF PE or MF Credit?
I'm working in DCM/AcqFin (not LevFin) at one of the Top BB (MS/JPM/GS) and through family will be getting a referral from a CEO of an MF PortCo, who apparently is very well regarded because he brings in tons of money for the MF. It was the referrer's idea to vouch for me, and he said he would contact seniors at the MF as soon as I submit my resume to him.
I don't mean to brag but I'm looking for serious advice here. I know that DCM exits are weak given the lack of financial modelling, so I was wondering whether I should position myself for the PE or Credit team at that MF to maximize my chances?
I heard that PE might be way more of a long shot than Credit, so in that case Credit would seem more realistic. I only have M&A experience from previous internships at EBs, not FT. Appreciating other monkeys' inputs!
Credit, and I’ll take equity. We can go in as a packaged deal (see Step Brothers).
Joke aside, why not give equity your best shot? You can still land credit if it doesn’t work out.
Follow your interest. PE isn’t what it used to be, and pay will be the same if it is a MF. I’m on the equity side at a “top” MF and looking to move to credit side when the opportunity comes.
Would you mind telling us specifically why you are looking to make this move? Where are you based?
Also interested in your reasoning. Joining top Rx soon and considering both credit and equity
It seems pretty obvious that the reasoning is about interest. If you're deciding between equity or credit, choose the field that actually interests you the most and is something you can sustainably and passionately pursue in a long career. Picking credit v. equity due to a "better" investing strategy, career, or industry is a fruitless exercise and impossible to predict on an individual career basis. At the end of the day, the only thing you can control is your own happiness and satisifaction.
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