Credit Suisse Credit Investments Group
Anyone had an interview with this group at CS? Invited to a first round interview and wish to get more info on this group.
Anyone had an interview with this group at CS? Invited to a first round interview and wish to get more info on this group.
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Career Resources
bump
FT?
Bump. Anyone heard back?
Bump
sa
Credit Fund - Interview Prep (Credit Suisse Asset Management (CSAM) - Credit Investments Group (CIG)
Hey @CoffeeBeannnnn - See my post on Bain Credit Interview thread (https://www.wallstreetoasis.com/forums/bain-capital-credit-sa-first-rou…
I can send Lev Fin / Direct Lending / Private Credit Interview Prep materials, especially with regard to the capital markets side (market updates on leveraged loans they invest in). I have a ton of CLO stuff too if necessary, but not my bread & butter as much. I'll focus this thread on non-CLO manager interview prep.
Interview Prep - Leveraged Finance Capital Markets/ Direct Lending / Private Credit
1) Read Loan Market Updates (weekly/Q) - LCDcomps.com / LevFin Insights (LFI)
2) Loan Products (RC/TLA/1L TLB/2L TL/Unitranche) - (get comfortable distinguishing btw typical lender - bank vs. institutional, pricing, tenor, covenants, etc.
3) Direct Lending vs. Broadly Syndicated - Execution Strategy - know the diff considerations from borrower perspective
4) Underwriting Fees & Flex - LBO: RC / 1L TLB / 2L TL. Typical fees and flex, normal market:
5) Credit Risks & Mitigants (Credit Strengths & Weaknesses) – familiarize yourself
Credit Strengths (Moody's)
Credit Weaknesses (Moody's)
Helpful links to comments I wrote on OID, All-in-yield calc, UW fees and flex, Term Loan A vs. Term Loan B. Hit me up if u want - happy to send materials / docs / primers, etc.
https://www.wallstreetoasis.com/forums/tla-vs-tlb-maturity-and-leverage#comment-2071053
https://www.wallstreetoasis.com/forums/oid-in-leveraged-loans
Sample Role - Job Posting - Responsibilities
Day-to-day involves working with the deal captains and fund founders on analytics, structuring, negotiation, execution, process management, and portfolio management. The associate is expected to be a key part of the investment team and will:
Credit Suisse Asset Management (CSAM) - Credit Investments Group (CIG)
With substantial scale, an extensive network, and experienced local teams in New York and London, CIG is one of the largest non-investment-grade credit managers in the US and Western Europe. The full-service group of dedicated credit professionals offers a broad suite of solutions across the risk/return spectrum to meet a variety of client needs from capital preservation to systematic income and alpha generation.
Credit Suisse Asset Management (CSAM) - Credit Investments Group (CIG) - Strategies (Senior Secured Loans and CLOs)
Senior Secured Loans
Credit Suisse Asset Management (CSAM) - Credit Investments Group (CIG) Collateralized Loan Obligations (CLOs)
(edit - actually this role and the prep may be a tad different w/ the CLO component, but gives you a good start to build off)
CLO Example - Summary Report - to give you an idea of CLO Credit Strengths and weakness
Company X CLO is a typical cash-flow CLO transaction managed by Company X. The CLO is backed by a $600 million portfolio of non-investment-grade broadly syndicated loans and other assets that the manager purchases from and trades in the primary and secondary markets. In our credit analysis, we considered the attributes of the CLO's underlying assets, including the assets' average default probability, average recovery rate, diversity score, average life and average spread. The CLO will issue several classes of notes that receive quarterly interest payments and, after the reinvestment period, principal payments, in order of seniority. In addition, the CLO will issue subordinated notes that receive only residual interest and principal payments.
CLO - Credit strengths
CLO - Credit challenges
Had interview for FT. Anyone heard back?
Bump Anyone heard back from this group?
Is this open to sophomores or just juniors?
do they hire analysts in London?
Bump. Anyone heard back?
think they might be done. Know someone who accepted an offer the other day
SA or FT?
Bump
Sa or ft?
FT was reposted today. Thoughts?
Anyone know if summer analyst recruiting is done?
Anyone have an interview with FT / heard back for FT?
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