Sell me on Special Sits vs. LBOs

Hi all, I have a pretty unique opportunity to do either:
1. Special situations with a debt focus (distressed debt, Mezz, DIP financing etc.),
2. Vanilla LBOs.

I previously accepted a role to do LBOs however the fund is also launching a special sits group and they asked if I was interested.

My background is non-IB and to be honest, I never really thought about doing distressed debt but the group seems super interesting. I’d love to hear about:
1. Lifestyle
2. Comp
3. Career progression

 

Yep agreed distressed / ssits are way more unique and interesting within the Credit universe vs leveraged loans.

OP, mind if I PM you a question?

 

Qui distinctio qui ipsa eos asperiores. Expedita officia voluptatum necessitatibus labore expedita.

Et quasi dignissimos quibusdam cum aut voluptatum. Dicta quia nostrum sed sed.

Career Advancement Opportunities

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 99.0%
  • Warburg Pincus 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

May 2024 Private Equity

  • Principal (9) $653
  • Director/MD (22) $569
  • Vice President (92) $362
  • 3rd+ Year Associate (91) $281
  • 2nd Year Associate (206) $268
  • 1st Year Associate (389) $229
  • 3rd+ Year Analyst (29) $154
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (246) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (316) $59
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

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...”