Bank Debt/Leveraged Loan Investing

Hi I'm interviewing with a CLO loan shop with a BDC out in New York and was wondering what the career progression is and if there is flexibility in this type of product. I know that distressed funds tend to recruit people from high yields and sell side leveraged finance. I'm just wondering if investing in leveraged loans is pigeon holing myself since it's a lower risk product. I have experience in equities but want to see what the exit options for this type of role is.

United States - Northeast

Comments (6)

Aug 20, 2016

To clarify, a CLO investment team within a BDC?

Aug 20, 2016

Yes. It would be investing in bank debt

Aug 22, 2016

Bump Anyone?

Aug 23, 2016

Definitely an uphill battle. I think the standard path is you stick to debt investing. CLO investing is different from direct lending and would probably pigeon hole you even more. If it's direct lending, I know two guys from 2 of the best direct lending shops that landed top L/S equity funds. It's hard obviously

Aug 25, 2016

Thanks anyone else? Seems like a niche field is what I'm realizing