How to make the transition from a Mezz. / Direct Lending role to a large multi-strat credit fund?

AzaFolkz7's picture
Rank: Chimp | 11

Hi fellows,

Relatively simple question here, as laid out in the title: I spend ~3 years in banking at two firms, doing mostly financial sponsors but also some M&A and restructuring.

Moved to the buy-side about 6 months ago in the credit arm of a PE fund (think AEA or Audax Private Debt). Enjoy the role, like the team and such a joy to be out of banking.

However I know I want to keep progressing and aspire to join a large multi-strat credit fund, with teams working on all areas of credit (think Anchorage, Farallon, Centerbridge, D.E. Shaw...).

I feel that as I am now on the buyside everything is less scripted, and maybe I should adopt a different strategy (as opposed to talking to numerous recruiters).

For info, what I really want to do is the same type of investments (private credit) but be able to put out larger tickets in situations that differ between each other (Private Debt / Mezzanine mandate is relatively rigid). I am also very curious about adjacent areas and would like to work / discuss / have at my IC people who manage HYB portfolios, CLO managers, RE-related debt, infra debt, other structured products...

Thank you for your insights!

Comments (4)

Mar 11, 2018

Hey AzaFolkz7, I'm here to break the silence...any of these links help you?:

  • AMA: Non-finance major--> BB IB--> Director at $5B+ Multi-strat HF (in 6 years) Examples</a></li><li><a href=" ... -internship">HF Interns</a></li><li><a href=" ... Engineering major at an engineering-focused school in the Midwest during the crisis (graduated 2011) I
  • Top Multi-Strat Funds people think the top multi-strat funds and how they differ/rank against each other. I often see debate ... among single PM focused funds, but don't know what differentiates the multi-strat funds from each ... Tried looking and didn't find much in the archives, but I just wanted to get a sense of wha
  • $7Bln Multi-strat hedge fund in NYC Does anybody have a prediction as to what fund this is (description below)? Understanding of ... course, that there is not much information. The description was posted on Glocap. COMPANY DESCRIPTION: Our ... client is a highly successful $7bln+ multi-strategy hedge fund based in NYC. Their core team has spent ...
  • AMA, I'm the head trader for a Multi-strat HF at same HF the whole time so my experience may not be typical AMA hedge fund trader ... Went to a top 25 undergrad program, been at HF trading for past 10+ years, ask me anything. been ...
  • Senior Transition into Multi-Strat Hedge Fund I conceptually like the value proposition, but i have never heard of hedge fund roles other than trader, ... marketing/capital-raising and pm roles. investment banking transition career strategy ... Very Interested in Senior Community Members' views on the feasibility of parlaying ...
  • Career Progression, hedge fund straight out of college I'm currently a 1st year analyst at a very large multi-strat. Anyone have color on what the ... expect to handle a sizable chunk of risk to the tune of $50 million? How many years of experience do ... career progression looks like for a college grad who directly got into the door? Reasonably, when I can ...
  • How much to invest in fund where you work I just joined a large multi strat hedge fund ($10bn+) after 3 years at a bank. I have about $250k ... passive income and day-to-day salary, but the fund has performed well and I have faith in it. How have you ... . I am thinking of putting 50% in the fund. I don't want to create more personal risk by comb
  • More suggestions...

Or maybe the following WSO members have something to say: @d7aug @gstackle32 @Carl-Wells

You're welcome.

Mar 29, 2018

Nothing to contribute but I;m interested as well

Mar 29, 2018

Also interested

Jun 4, 2019