Analytical depends on the desk you are on. Probably not gonna be many exits to traditional equity PE. Exits will be more private credit or opportunistic credit hedge funds. Many of these MF's just started these groups so not many data points. At end of day traditional SM L/S equity is dying and AUM is going to private credit. Probably an amazing place to start if you want to be in credit

 

If your working for CMBS desk / acquisition financing for commercial real estate how does below look like:1) Comp2) Hours3) Skills4) Exits - you've mentioned opportunistic credit is this in RE or corporate level? BREDS does performing credit, does it provide great exits to distressed / special sits investing at corporate level (Oaktree, King Street, etc)?Overall would have thought IB provides broader exits and is more interesting to work on corporate deals (M&A / financing)

 
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There are many different desks in these liquids groups. They do lots of secondary investing on top of primary. But…

1- comp is around 180-220k+ all in for first year (BX bonus can be around 100%+)

2- Typically 7-8

3- Skills is underwriting credit, think of it as a buyside lev fun but also getting a chance to participate in secondary market when opportunities arise, sometimes opportunities that were passed up would get revisited in secondary

4- Once you understand credit you can transfer this to anything. Structured credit is done across asset classes and so exit opps are endless in credit. I’m at a competitor firm so can’t speak first hand - this is from speaking to people

 

Hey, how was your interview? Saw their job posting quite often on LinkedIn and guessing that didn't fill the position or are hiring for multiple positions.

Please DM me directly if that works better. 

Thanks,

DX
 

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DX
 

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