Renewable Energy Finance to Private Equity
I am fairly new to WSO but I had two questions I've been thinking about a lot and I am open to hearing any insight or advice!
What are the next steps in terms of recruitment now that the 2022 analyst class cycle is all over the place?
In the current state of the market, are infra / energy buyout funds or renewable energy funds a better exit?
I am currently working at a BB (JP, BAML,Citi) in a renewable energy finance group. My group is a combination of tax equity investing (deploying BB balance sheet into tax equity investments), securitization and sale of solar ABS, and warehousing (basically revolvers that are asset backed). Right now, many of the big tax equity investors have slowed down on tax equity investing due to the low tax liability and reduced incomes so that form of deal flow is slowed down and I'm worried that will hurt my recruiting opportunities. I am also concerned about the fact that my group is so policy dependent meaning that changes in policy have massive implications on my group. I'm unsure what my next step is whether that is trying to pivot out into a traditional power coverage group, or trying to pivot immediately to private equity. I heard some former analysts who are now at PE funds that PE recruitment has been pushed to early 2021 but I've heard a lot of different information regarding that. I feel like due to this pandemic and the political hurricane occurring, I've lost direction on what I should be focusing on for next steps.
Any advice is appreciated.
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