Debt vs Equity placement

At final round interviews for an analyst role at a D/E placement role, although the teams are split, i.e. you will only work on placing either debt or equity.

Both shops focus on placing finance for similar deals, and often work on the same assets where appropriate.

Debt team places everything from senior to mezz, and equity does JV, pref etc. largely for developments. Ranging from £50-£500m on both sides

Wondering which team would would be optimal for gaining valuable deal experience, modelling skills and exit opps to REPE down the line.

The debt team is definitely more active at the moment, but don't really want to end up in a debt role long-term. The long-term goal from my perspective is repe acquisitions, leading me to believe that the equity team would suit better.

Any insight would be greatly appreciated.

 

If the equity placement team is really doing only jv, pref, etc. placements for large developments, you will get way, way more reps on the debt team and a more valuable experience at this point in your career. Equity placement in the manner that you described is much more niche and specialized, not to mention pretty much impossible in the current economic environment. If the equity team also does investment sales than I’d lean towards that one.

 

Completely agree that there will be more reps on the debt team, but just wondering about long term progression. Do you think taking the debt role will lead to getting stuck in debt long term?

 

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