Hi All - need your help on advice as I'm in between two offers right now:
1. Private Debt Shop - Direct Lender - 1L, 2L, Unitranche deals; sourcing, evaluating, structuring and executing transactions.
2. CLO Asset Manager/Co-mingled Funds - invests in Sr. Sec. Loans; would be evaluating deals in the leveraged finance market and executing transactions (buying paper of LBOs, M&A, etc.)
Both are associate level roles. The Private Debt shop opportunity is interesting and with a leader in the space. The CLO AM role is with a company that is not as well known in the space, but has a great investment committee and the pay is extremely competitive. Only thing is - IMO - if I were to take the CLO role I could pigeon hole myself into a career of buying up paper/loans, etc., and not really have an opp. to be flexible down the line. Not a bad gig. The Private Debt shop just seems more interesting as you'd be closely working with PE Sponsors and mgmt. teams. Curious as to what you'd take if you were in my shoes?