Special situations opportunity
Hi all, looking at an associate role at a special situations fund. Wanted to understand the perceptions of these funds and exit opportunities.
The fund is focused on privately originated investments, backed by financial or real estate assets. 2/3rds of their investments tend to be debt, and 1/3 equity.
The focus is on distressed or turnaround situations where the company is suffering a liquidity event. Investments are typically $20mm + in sub $50mmcompanies, with a five year hold.
Clearly quite a specific focus, so I wanted to get a view on the likelihood of exiting into traditional Private Equity if I wanted to make that switch down the line.