Starting a job in a private equity fund that buys european non performing loans. What do I need to know?

As the title says, I am starting a new job in a private equity fund that specializes in buying non performing loans from large european banks.

I come from a banking background and looking for advice from anyone who has previously worked in the sector.

What is crucial to know? Would would benefit me? And mistakes to avoid?

Further learning or reading material

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