Distressed Debt / Workout Groups of Private Credit Firms

Does anyone have any insight into the work / culture / pay / etc of the distressed debt / workout groups that sit within the private credit businesses ran by New York Life / Allianz / PGIM / MetLife?

Are these types of guys more about just getting their principal back with a new credit instrument / cash from sale, or would they ever convert to equity or come up with another creative solution? Do distressed-focused hedge funds recruit from these types of groups?

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  • Associate 1 in IB - Restr
Jan 12, 2021 - 1:42pm
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