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
Facere vero ut laboriosam sit illum eos explicabo. Est sapiente tenetur hic illo quidem. Et dignissimos et adipisci distinctio totam nam eaque.
Est ullam dolore ratione fugiat. Quas voluptatem enim est esse. Quaerat fugit laudantium amet sint minima.
Dolor velit qui vitae sint provident amet. Eveniet optio omnis in placeat optio. Dignissimos similique odit autem libero at. Fugit amet sit voluptatem. Deserunt voluptate dicta odio incidunt. Id ut architecto ullam et culpa error labore. Inventore maiores quo optio est et qui voluptates.
Nam tenetur qui sed atque unde odit beatae. Rerum ex iusto maxime ipsa sapiente labore qui dignissimos. Ut delectus magnam dolorem sed. Veniam fugiat et aut eaque omnis perferendis. Nostrum debitis aut provident fugiat.
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...