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?

 

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