Why *private*?
Should be a simple question but it's easy to talk your way into a corner.
Why are you interested in private markets? Why not public ones?
Should be a simple question but it's easy to talk your way into a corner.
Why are you interested in private markets? Why not public ones?
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Career Resources
more inefficiencies. less transparency
The reason you would be more interested in private markets is because you will be part of a team that has the chance to effectuate real change in a company to unlock value in any number of ways. Outside of activist investing, which can be hard to execute, you have to sit there and take it as a public markets investor if the company decides to destroy value. Of course you can sell, but the stock may be down the instant the news hits that the company does something stupid (such as over paying for an acquisition, hiring a moron CEO at egregious comp (I saw one company go bankrupt doing this -- it was a spectacular melt down), getting nailed for fraud, etc.
private you get a nice information flow (monthly financials and projections!) and aren't fighting for edge all the time. You also can influence and make value-added decisions more easily. And at least for mezz (vs high yield) its a good career trade, but I wouldn't say that.
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