Small Debt Fund - to stay or not to stay?

HF Kong's picture
Rank: Chimp | 14

Wondering what the community thinks. Is it worth starting a career at a smaller shop that is growing, or better to start somewhere more established?

I have been working at a private debt fund for ~1 year. They were successful in the past achieving somewhat consistent 10%+ returns doing opportunistic and esoteric loans (art, film, etc). As a result they grew quickly to roughly $1Bn. However they are still very much in growth mode and are very unorganized. the Pay is below market (<$70K base ~ 30% bonus ) with no sign of major improvement and deal flow is anemic. Is it worth staying on to grow with the firm or is it time to find a new shop?

Comments (6)

Aug 25, 2019

HF Kong, way too quiet in here. What about these resources:

  • Junior analyst at small fixed income hedge fund I feel I'm getting awesome exposure to private debt, syndicated loans, credit etc that not many ... goes to lunch separately and they aren't very chatty. I'm not sure whether to stay because ... I've been working at a small fixed income hedge fund (~350m) for a few months now whilst ...
  • small loans debt fund anyone have a positive experience working with a debt fund that does loans <$10mm? or have any ...
  • Leaving Investment Sales for Small/New RE fund- sound worth it? opportunity to join a new and young firm that just finished raising a pretty small fund (~$300mm). I would be ... myself staying in IS long term since I don't want to be a broker, so I am at the point now where ... hours per week with a nice boss and making about $100k a few years into my analyst stint. I do not see ...
  • Thoughts on LMM Fund in Small City being in for two years, but would definitely not want to stay long-term. It is a two years and out ... shop in a small city to a LMM/ MM fund in NY or LA after two years? Would an MBA make the most sense? ... will mostly likely not be willing to move on comp. 2. How hard would it be to recruit from a LMM PE ...
  • Debt Funds & CLOs I work at a debt fund, and we are beginning to get asked more and more how we are financing our ... avoiding CLO execution/accepting higher spreads to not be securitized. No Yes 213878 391745 425316 430518 ... can offer. What I've been hearing is that there are borrowers who have had their loans ...
  • From <2 GPA, to Bulge Bracket and Hedge Fund a semester internship in a hedge fund is not enough for me to get an investment banking or hedge fund job. So ... a small company, I receive a piece of advise from my relatives that "it is the best to find a job ... a porter, to hedge fund intern, and finally, a bulge bracket intern **Yet after going back to school, ...
  • AMA- Analyst at $1.5B Endowment Fund is selecting the best managers to give money to. Most of the time your actual allocation will not ... to get the experience I was looking for while staying in the area. Undergrad I double majored in ... role where you need to think like an investor, I found the WSO Hedge Fund Interview Prep Pack extremely ...
  • More suggestions...

You're welcome.

Aug 28, 2019

Sounds like you know the answer already.

Aug 28, 2019

Stay at your current role but also be reaching out / looking for better opportunities. If you can land something better take it. In the meantime keep building your skills. This needs to be evaluated on a specific alternative vs. conceptual.

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Aug 29, 2019

Could you actually throw out some ballpark figures on deal flow? How many does the team see in an average month?

JUST DO IT. Don't let your memes be dreams.

Sep 2, 2019

My team has closed 1 deal since joining. The rest of the firm combined has closed 1 other.

Aug 29, 2019
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