Thoughts on Lateraling to HF from Private Credit
Currently work at a MF private credit fund. Our firm is known for its non sponsor work as well as its ability to dig deep on diligence + docs. Associates do the heavy lifting on the diligence along with VPs and very rarely lean on 3rd party work (unless run of the mill sponsor process). I like the work of analyzing companies and making the investment decision; however, I don't really like the process work, nor do I want to continue down the path of credit due to concave nature of returns and focus mostly on downside. All I see at higher levels and positions is more of the same. Would love optionality as to where can best invest in the cap stack. Public markets have always excited me and really want to push to that world.
I want to make the transition to L/S equity; however, I do recognize I have a challenging background for the transition (combined with fact I've been a generalist). I've done two years in IB (
Any thoughts or advice on how to best position or prepare myself for the recruiting process? My goal is to find a fund with a spot where I can learn as much as possible (and would prefer to pursue a generalist role vs sector but am not terribly picky). As additional color, I do also have an advanced degree in computer engineering as well (although I wouldn't want to work in a solely quant role).