Not a lot information on this on the forum, so thought I'd start a thread for it. Anyone have any insight on what the exit opps are like for restructuring groups on the street (HLHZ, Evercore, PJT)? I heard exits are mostly limited to distressed debt HF's, have not heard of restructuring analysts going to MF PE for their traditional buyout funds.
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Can't speak for other groups but BX / PJT restructuring has / is sending kids to distressed funds as well as PE (Blackstone, Apollo, H&F, etc) and Long/short funds (Maverick, Viking, Governors Lane, Hound, etc.). You have the opportunity to recruit across the spectrum but kids tend to want to recruit for top distressed jobs
Maybe kids who want to do distressed are generally attracted to restructuring groups? Good to know that they can recruit for traditional buyout funds as well.
Kids from PJT/LAZ/HL generally exit to top distressed funds including apollo, oaktree, silver point, centerbridge, elliott... etc. Know a couple kids in Rx at my place who do go to healthy-side funds, but they're probably more interested and have a leg up for distressed funds
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Can anyone share some light on London exits?
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PJT London has sent 2 people to KKR last year out of a yearly analyst class of ~15. Yes in London recruiting is not as structured as in the US but that happens pretty much every year.
HL - seen many people on the more distressed side of things but still places very well. Very comparable exits to CS FSG/LevFin (even seen people move from one to the other).
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can you provide more color on the lazard person?
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