Investing Vs Underwriting in DCM/LevFin/Commercial Banking

Bankers,

If someone works at a Debt Capital Markets Group (at Credit Suisse or Morgan Stanley or DB) as an Associate and helps raise debt capital for a client then is he underwriting debt ? (My guess is yes)

If someone works in Golub Capital and makes a Term Loan B investment of say $5mm in a manufacturing company - it is investment. Right ? And this is not underwriting. Right ?

 

Bump

"It's not about pride or ego. It's only about money. I can leave now, even with Grama and KGB... and halfway to paying Petrovsky back. That's the safe play. I told Worm you can't lose what you don't put in the middle. But you can't win much either."
 

yes.

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 

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