Public Credit in AM to Private Credit

Hi all,

How hard is the exit from a public credit research role at a big AM(Fidelity, Blackrock, Wellington, etc...) to a direct lending/private credit role? The public credit role specifically is in HY/Bank Loans. Thanks for any insight!

3 Comments
 

Have you always done public credit or do you have any experience on the private side? If you don't have any experience on the private side you will have to show that you are able to 1) understand the deal process & manage the various counterparties 2) conduct the DD vs. just forming a view from what has be prepared for you by bankers. Would be hard but not impossible in my opinion.

 

Illum porro voluptate ipsum possimus nihil rerum illo. Consequatur doloribus asperiores cupiditate omnis dignissimos quasi. Quaerat debitis nesciunt velit impedit est quasi voluptas. Qui aut voluptatem aut deserunt quas. Quos sunt id minus voluptatum et. Molestiae ullam eum veritatis voluptate fugiat est doloribus. Impedit est blanditiis quo natus aut aut consequuntur sunt.

Career Advancement Opportunities

June 2026 Private Equity

  • The Riverside Company 99.6%
  • Blackstone Group 99.2%
  • KKR (Kohlberg Kravis Roberts) 98.9%
  • Warburg Pincus 98.5%
  • Bain Capital 98.1%

Overall Employee Satisfaction

June 2026 Private Equity

  • KKR (Kohlberg Kravis Roberts) 99.6%
  • The Riverside Company 99.2%
  • Ardian 98.9%
  • Blackstone Group 98.5%
  • Starwood Capital Group 98.1%

Professional Growth Opportunities

June 2026 Private Equity

  • Bain Capital 99.6%
  • The Riverside Company 99.2%
  • Blackstone Group 98.9%
  • Starwood Capital Group 98.5%
  • KKR (Kohlberg Kravis Roberts) 98.1%

Total Avg Compensation

June 2026 Private Equity

  • Principal (9) $653
  • Director/MD (24) $547
  • Vice President (97) $363
  • 3rd+ Year Associate (104) $281
  • 2nd Year Associate (234) $272
  • 1st Year Associate (411) $229
  • 3rd+ Year Analyst (33) $157
  • 2nd Year Analyst (95) $134
  • 1st Year Analyst (271) $124
  • Intern/Summer Associate (37) $80
  • Intern/Summer Analyst (352) $61
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”