J.P. Morgan LevFin

What are people's thoughts on J.P. Morgan's Syndicated & Leveraged Finance group? What are the exit opps like for PE?

 
asiansensation:
An MD at another BB once told me that JPM did have an amazing lev fin group, but that they had twice as many people in the group as the #2 or #3 banks on the lev fin league tables

Implying that they have huge deal flow compared to other Lev Fin groups right?

 

It's hard to compare, and depends a ton on you as an individual but generally better than most industry coverage teams. Similar exit opps to PE as M&A. Thing is, there's a bunch of "good" M&A shops on the street. But there's only two top LevFin groups if you look at deal volume, JPM & BAML. LevFin/M&A are the two most analytical groups which is why they're good for PE>

 
Best Response
ibhopeful532:
It's hard to compare, and depends a ton on you as an individual but generally better than most industry coverage teams. Similar exit opps to PE as M&A. Thing is, there's a bunch of "good" M&A shops on the street. But there's only two top LevFin groups if you look at deal volume, JPM & BAML. LevFin/M&A are the two most analytical groups which is why they're good for PE>

^^^ PE exit opps similar to M&A???? What...are...you...smoking. SLF is not a top 2 analytical group at JPM (or any other bank, I'd imagine). SLF gets no exposure to merger modeling or LBO modeling. At least at JPM, coverage builds the model and SLF just provides the financing terms and max leverage. There is nothing very analytical about this group - they look at debt comps and talk to potential accounts to come up with illustrative pricing and then execute financing transactions - nothing analytical about it. You might have exit opps in credit and mezz funds, but definitely not PE - and most people I know end up staying there for a 3rd year and getting directly promoted. If PE is what you want, then do a coverage or an M&A group, no question.

 

100+, does it really matter past that point?

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 

I'm interested in hearing more about this group. It seems as if no one has a real answer about whether the group does any modeling or places well in PE. What about placement in credit HFs? What are ya'll thoughts on this?

 
Antsman:
I'm interested in hearing more about this group. It seems as if no one has a real answer about whether the group does any modeling or places well in PE. What about placement in credit HFs? What are ya'll thoughts on this?

Bump

 

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