Restructuring/Turnaround Advisory to Distressed Funds
I'm a senior associate at a "big 3" restructuring advisory firm (think Alix/A&M/FTI) interested in opportunities at distressed funds. I know most distressed funds recruit out of the big Rx banks (i.e., HL, PJT, Moelis, etc.) but haven't heard much of restructuring/turnaround consultants at the junior level going directly to PE. I know some who jumped from the advisory side to a banking role before going to PE, but not sure that this is the path for me. Does anyone know of someone who's done this or have any advice? Thanks
Hi - I work at a PE fund that does some special sits / distressed investing
We would look at kids with your profile but I think you need to actively reach out to funds and recruiters
If you want to send me your CV via PM happy to give some advice
PM'd!
Im interested in RX consulting at big three. Can I PM you?
Out of interest why are you looking to leave? I thought comp in those 3 was quite good? Is it the travel? Do you mind sharing your base now please?
bump - is this for europe?
Your skills will be much appreciated at a turnaround PE shop rather than one that focuses on distressed debt. Totally different skillset.
Agree
What skill set gained in Rx consulting would make more suited to Turnaround PE than Distressed Debt / Special Sits? I would’ve imagined he’d be well suited for either, no?
Special situations mostly involves capital structure work, whereas turnaround PE focuses more on improving operations. Not exclusive in either scenario, obviously, but it's a general rule of thumb.
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