Small Debt Fund - to stay or not to stay?
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?
Beckground: 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?
HF Kong, way too quiet in here. What about these resources:
You're welcome.
Sounds like you know the answer already.
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.
Could you actually throw out some ballpark figures on deal flow? How many does the team see in an average month?
My team has closed 1 deal since joining. The rest of the firm combined has closed 1 other.
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