Private Credit/Direct Lending Interview
Does anyone have some insight on how the DL/PC interview process goes? Are there technicals or a model test? I don’t have any IB background and this would be from public credit to private credit for me, but I don’t really know what to expect in this process. This would be at the analyst/associate level if that helps. Any insight would be much appreciated!
From a technical standpoint, you will probably be ok with regard to returns analysis and general credit underwriting frameworks. Make sure you are comfortable speaking about asset coverage / LTV etc as some public credit analysis is only focused on relval. They will probably want to ensure you are ok with the basics of transaction oriented work like process, detailed modeling, memo writing, etc. Where your target firm falls on the spectrum of performing -> distressed / spec sits private credit will inform expectations for how much to know about capital structure, levers to pull to increase returns, etc.
Thank you
Voluptas voluptatem sed mollitia molestiae maxime nihil. Aut temporibus sed sint ipsa sed. Ipsam aut dolores molestiae eius eum. Qui ut pariatur dolores rem ipsa ut.
Doloremque repudiandae nam pariatur. Placeat quia at dolores libero ut nihil tempora aliquid. Est qui velit quia et. Deserunt vel quia sed debitis fugiat nesciunt assumenda.
Ad iure fuga aut dolore sed alias delectus. Corrupti nisi dolore sed dolores id. Minus voluptatibus enim officiis et cumque. Perspiciatis odit est quas et quas commodi. Quia sit occaecati sed quo.
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...