Debt Fund/Direct Lending Recruiting
I was curious to learn more about the debt fund or direct lending recruitment process, if it's on the same timeline as PE, and what to expect in the process. Currently, I'm at a BB group that specializes in underwriting leveraged loans (mostly sponsor deals, acquisition financing, and recapitalizations), which includes a lot of work in exchanging and negotiating grids and credit documents with the client. It doesn't involve any modeling. Can anyone please shed some light on where I would stand or what the process looks like in general?