Credit Investing - Exit Ops?
Hi,
This summer I'll be doing my junior year internship in credit investing with a big name firm. My prior internships are with a hedge fund and a PE fund. Let's say I get a full-time offer with the place I will be interning and accept - what are my exit options from credit investing there? Go to a credit focused hedge fund? Also if I want to recruit again in the fall of my senior year what will my options be?
I know I want to be an investor but I am unsure what asset class is most interesting to me.
Thanks!
Credit Investing Exit Opportunities (Originally Posted: 11/09/2012)
Hi all,
I was wondering: what types of opportunities may be most likely to come across a 2 year analyst working for a large respectable credit investing firm.
I understand the nature of the work would help prepare you for a (distressed) credit hedge-fund or some leveraged finance role, but are there possibilities into private equity, equity-based hedge funds? Basically, does the focus on credit pigeon-hole a candidate over, say, the brand name of the firm (top 3 in its credit investing industry and well respected overall).
Thank you, Joshua
i'd be curious to know this as well
Its much harder to go from credit investing to PE, than it is to go from PE to credit investing.
Reasoning: PE is highly transactional (much like IB), and also has an operations aspect to it. Credit investing is neither transactional nor operational.
what exactly do you mean by "credit investing"? Can mean a lot of things.
I was assuming like an asset management or hedge fund focused on credit strategies, probably high yield of or structural focused.
PE would be difficult without a good MBA but other investing gigs would not be out of reach. You would likely start out pretty new at an equity shop, but it is definitely possible.
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