I was fortunate enough to be receive offer to join both the LevFin team and the Asset Based Loans & Transitional Finance team this summer and would like some advice on what to choose. I am eventually interested in exiting to a hedge fund or pe shop.
I have been told that Asset Based Loans & Transitional Finance is like a buyside firm because they are writing these ABLs to bankrupt companies and then keeping it on their balance sheet, which would have direct overlap with a buyside firm that lends to bankrupt companies or maybe a long/short credit fund. However, LevFin is known as a great group to be in for exit opps. Also, LevFin looks at a bigger market and could better expose me to different things. Furthermore, I may want to try recruiting for M&A ft and am worried interviewers will look down upon asset based lending at a bank.
Which would be better and how? Thanks!