I have an upcoming interview with a start-up HY and distressed fund, with one PM and one associate. They split off from a larger fund and have initial capital and support for operations from a family trust. They're in the market now to raise another $100-150mm.
What sort of questions are appropriate to ask at the end of the interview? I was going to start with "what are you seeing in the markets, why split off from your old fund," but how can I gauge if capital raising is going well or if they will still be around at year end? Any insight would be very helpful, thanks in advance.