Post-MBA moving from PE to credit special sits

Hi guys:

I'm a 1st year post-MBA PE experienced associate (some places would call it senior associate), and I'd really appreciate your thoughts on how I can switch from equity to a more flexible/debt oriented mandate?

I'm interested in switching into special situations / credit in a strategy that would still allow me to do private deals (but I don't mind if the work is mostly public). My work experience consists of public equity and growth equity pre-MBA, and LBO private equity post-MBA. I have closed deal experience in growth equity, but none in LBO private equity yet. I have some exposure to credit (did some research for one of my jobs where some of our past portfolios didn't do well), but I don't have real restructuring experience (those were past portfolios, not ones we actively own).

I'm interested in going into special situations / credit, and would prefer to still be able to do some private deals. However, I do understand that my background is stronger on the equities side - I don't have issues with understanding a business (at least in terms of getting through case studies or doing diligence), and my modelling skill is decent (can do anything that normal LBO shops do).

How should I think about positioning myself if I want to transition to special situation / capital structure flexible investing? What are some funds that would be interested in my mostly equities experience, and how would that experience bring commercial value for them?

Thanks!

 

Hey Associate 1 in PE - LBOs, I'm the WSO Monkey Bot and I'm here since nobody responded to your thread! Bummer...could just be time of day or unlucky (or the question/topci is too vague or too specific). Maybe one of these topics will help:

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