Traditional Private Equity vs. Special Situations Investing

Starting FT at an EB (laz/evr/pjt) and considering the fact that recruiting seems to get pushed up every year, have started giving some very minor thought to my own buy side interests. I have concluded that I have no clue where my interests lie. I spent last summer interning at a MF in one of their alternative investment groups, so I have a little bit more than no experience in "special situations". If anyone who has done both, or considered both and ended up choosing one over the other, could provide insights that would be greatly appreciated. I have thought about aspects that I think I like and don't like about both areas of investing, but would like to formulate concrete reasons why I am pursuing whatever that may be when recruiting rolls around.

 
Most Helpful
HugLife:
Been discussed AT LENGTH... several times recently

1st IB Analyst lesson. CTRL + F and Google.com

Yes, thank you! There’s been 1 post on this forum roughly 2 months ago that directly compared the two. With these two areas being of particular interest to a lot of IB analysts, is reopening dialogue on the subject really that big of a deal?

Again, thank you for your completely useless contribution to this thread and for pointing me to resources that I’m very aware exist, and even used before creating this thread.

 
Hedge_My_Risk:
HugLife:
Been discussed AT LENGTH... several times recently

1st IB Analyst lesson. CTRL + F and Google.com

Yes, thank you! There’s been 1 post on this forum roughly 2 months ago that directly compared the two. With these two areas being of particular interest to a lot of IB analysts, is reopening dialogue on the subject really that big of a deal?

Again, thank you for your completely useless contribution to this thread and for pointing me to resources that I’m very aware exist, and even used before creating this thread.

There have been an influx of special sits and distressed related posts in the last 6 months or so. I've posted on several. There are also never a shortage of "traditional IB posts". Look at both, read them, look at the differences.

Expecting someone like me to come in and write some super thorough analytical reply for you when there have been several distressed/special sits posts recently unreasonable.

Also insulting me means I will NOT be providing you with any form of answers to your questions despite having done PE/distressed investing at multiple buyside shops.

 
HugLife:
Hedge_My_Risk:
HugLife:
Been discussed AT LENGTH... several times recently

1st IB Analyst lesson. CTRL + F and Google.com

Yes, thank you! There’s been 1 post on this forum roughly 2 months ago that directly compared the two. With these two areas being of particular interest to a lot of IB analysts, is reopening dialogue on the subject really that big of a deal?

Again, thank you for your completely useless contribution to this thread and for pointing me to resources that I’m very aware exist, and even used before creating this thread.

There have been an influx of special sits and distressed related posts in the last 6 months or so. I've posted on several. There are also never a shortage of "traditional IB posts". Look at both, read them, look at the differences.

Expecting someone like me to come in and write some super thorough analytical reply for you when there have been several distressed/special sits posts recently unreasonable.

Also insulting me means I will NOT be providing you with any form of answers to your questions despite having done PE/distressed investing at multiple buyside shops.

I would be more receptive to your original post if you didn't seem to have a past of making these condescending, irrelevant contributions. Nearly a year ago I made a post about compiling a list of buyside institutions who hire out of undergrad that you also decided to make one of your "world class" contributions to. Stating something along the lines of "LOL if u have to ask". In that case too, did it ever occur to you that maybe I was trying to encourage a community discussion, rather than personally benefit. Clearly, given where my internship experience has been, I have some knowledge of who and who doesn't hire out of UG and clearly have some capability/opportunity to get one of those jobs. IMO, there are not enough "sticky" quality discussions that occur on this forum. Keep doing your part in prohibiting that from changing.

Here's the thread I am referencing in case you didn't know how to use the search function or google (ever heard of it?)
https://www.wallstreetoasis.com/forums/updated-comprehensive-list-of-bu…

 
Hedge_My_Risk:
HugLife:
Hedge_My_Risk:
HugLife:
Been discussed AT LENGTH... several times recently

1st IB Analyst lesson. CTRL + F and Google.com

Yes, thank you! There’s been 1 post on this forum roughly 2 months ago that directly compared the two. With these two areas being of particular interest to a lot of IB analysts, is reopening dialogue on the subject really that big of a deal?

Again, thank you for your completely useless contribution to this thread and for pointing me to resources that I’m very aware exist, and even used before creating this thread.

There have been an influx of special sits and distressed related posts in the last 6 months or so. I've posted on several. There are also never a shortage of "traditional IB posts". Look at both, read them, look at the differences.

Expecting someone like me to come in and write some super thorough analytical reply for you when there have been several distressed/special sits posts recently unreasonable.

Also insulting me means I will NOT be providing you with any form of answers to your questions despite having done PE/distressed investing at multiple buyside shops.

I would be more receptive to your original post if you didn't seem to have a past of making these condescending, irrelevant contributions. Nearly a year ago I made a post about compiling a list of buyside institutions who hire out of undergrad that you also decided to make one of your "world class" contributions to. Stating something along the lines of "LOL if u have to ask". In that case too, did it ever occur to you that maybe I was trying to encourage a community discussion, rather than personally benefit. Clearly, given where my internship experience has been, I have some knowledge of who and who doesn't hire out of UG and clearly have some capability/opportunity to get one of those jobs. IMO, there are not enough "sticky" quality discussions that occur on this forum. Keep doing your part in prohibiting that from changing.

Here's the thread I am referencing in case you didn't know how to use the search function or google (ever heard of it?)
https://www.wallstreetoasis.com/forums/updated-comprehensive-list-of-bu…

I'm one of the last people who you should accuse of not contributing here.

In trying to look for things I've posted on here are a couple of my posts related to this topic that you would of had to scroll through to get to that thread from a year ago

https://www.wallstreetoasis.com/forums/distressed-debt-special-situatio…

https://www.wallstreetoasis.com/forums/distressed-spec-sits-vs-regular-…

 
HugLife:
Hedge_My_Risk:
HugLife:
Hedge_My_Risk:
HugLife:
Been discussed AT LENGTH... several times recently

1st IB Analyst lesson. CTRL + F and Google.com

Yes, thank you! There’s been 1 post on this forum roughly 2 months ago that directly compared the two. With these two areas being of particular interest to a lot of IB analysts, is reopening dialogue on the subject really that big of a deal?

Again, thank you for your completely useless contribution to this thread and for pointing me to resources that I’m very aware exist, and even used before creating this thread.

There have been an influx of special sits and distressed related posts in the last 6 months or so. I've posted on several. There are also never a shortage of "traditional IB posts". Look at both, read them, look at the differences.

Expecting someone like me to come in and write some super thorough analytical reply for you when there have been several distressed/special sits posts recently unreasonable.

Also insulting me means I will NOT be providing you with any form of answers to your questions despite having done PE/distressed investing at multiple buyside shops.

I would be more receptive to your original post if you didn't seem to have a past of making these condescending, irrelevant contributions. Nearly a year ago I made a post about compiling a list of buyside institutions who hire out of undergrad that you also decided to make one of your "world class" contributions to. Stating something along the lines of "LOL if u have to ask". In that case too, did it ever occur to you that maybe I was trying to encourage a community discussion, rather than personally benefit. Clearly, given where my internship experience has been, I have some knowledge of who and who doesn't hire out of UG and clearly have some capability/opportunity to get one of those jobs. IMO, there are not enough "sticky" quality discussions that occur on this forum. Keep doing your part in prohibiting that from changing.

Here's the thread I am referencing in case you didn't know how to use the search function or google (ever heard of it?)
https://www.wallstreetoasis.com/forums/updated-comprehensive-list-of-bu…

I'm one of the last people who you should accuse of not contributing here.

In trying to look for things I've posted on here are a couple of my posts related to this topic that you would of had to scroll through to get to that thread from a year ago

https://www.wallstreetoasis.com/forums/distressed-debt-special-situatio…

https://www.wallstreetoasis.com/forums/distressed-spec-sits-vs-regular-…

I actually remembered your name so there was no scrolling done L O L. Anyway, yeah I am familiar with both of those threads. Not taking away from your positive contributions, I just don't understand why you are so against having a discussion that hopefully can be relevant as recruiting approaches. It doesn't make any sense to me. I understand the topic has been talked about in the past... the way I see it, they are two very sought out exit opps... recruiting is approaching faster than ever... might as well try... This forum sucks. I think I'll just stick to the tried and tested coffee chats/phone calls to learn more.
 
Hedge_My_Risk:
HugLife:
Hedge_My_Risk:
HugLife:
Hedge_My_Risk:
HugLife:
Been discussed AT LENGTH... several times recently

1st IB Analyst lesson. CTRL + F and Google.com

Yes, thank you! There’s been 1 post on this forum roughly 2 months ago that directly compared the two. With these two areas being of particular interest to a lot of IB analysts, is reopening dialogue on the subject really that big of a deal?

Again, thank you for your completely useless contribution to this thread and for pointing me to resources that I’m very aware exist, and even used before creating this thread.

There have been an influx of special sits and distressed related posts in the last 6 months or so. I've posted on several. There are also never a shortage of "traditional IB posts". Look at both, read them, look at the differences.

Expecting someone like me to come in and write some super thorough analytical reply for you when there have been several distressed/special sits posts recently unreasonable.

Also insulting me means I will NOT be providing you with any form of answers to your questions despite having done PE/distressed investing at multiple buyside shops.

I would be more receptive to your original post if you didn't seem to have a past of making these condescending, irrelevant contributions. Nearly a year ago I made a post about compiling a list of buyside institutions who hire out of undergrad that you also decided to make one of your "world class" contributions to. Stating something along the lines of "LOL if u have to ask". In that case too, did it ever occur to you that maybe I was trying to encourage a community discussion, rather than personally benefit. Clearly, given where my internship experience has been, I have some knowledge of who and who doesn't hire out of UG and clearly have some capability/opportunity to get one of those jobs. IMO, there are not enough "sticky" quality discussions that occur on this forum. Keep doing your part in prohibiting that from changing.

Here's the thread I am referencing in case you didn't know how to use the search function or google (ever heard of it?)
https://www.wallstreetoasis.com/forums/updated-comprehensive-list-of-bu…

I'm one of the last people who you should accuse of not contributing here.

In trying to look for things I've posted on here are a couple of my posts related to this topic that you would of had to scroll through to get to that thread from a year ago

https://www.wallstreetoasis.com/forums/distressed-debt-special-situatio…

https://www.wallstreetoasis.com/forums/distressed-spec-sits-vs-regular-…

I actually remembered your name so there was no scrolling done L O L. Anyway, yeah I am familiar with both of those threads. Not taking away from your positive contributions, I just don't understand why you are so against having a discussion that hopefully can be relevant as recruiting approaches. It doesn't make any sense to me. I understand the topic has been talked about in the past... the way I see it, they are two very sought out exit opps... recruiting is approaching faster than ever... might as well try... This forum sucks. I think I'll just stick to the tried and tested coffee chats/phone calls to learn more.

You have 2 threads started and both are self-brags. You weren't REALLY looking for a spirited conversation. You wanted to mention in both that you interned at a MF and that you are going FT at an EB, hoping some undergrads would sidetrack asking for advice.

You also havent even started at your FT job yet and are already "recruiting approaches". You have no experience to say what you like about a Rx or direct lending (special sits) process vs a sponsor-to-sponsor sellside.

 

Recusandae expedita corrupti hic rerum. Ipsam nihil cupiditate enim. Voluptas pariatur amet sapiente non in minima.

Illum quo possimus repudiandae dolore. In nostrum natus reprehenderit laudantium. Magni optio est rem maiores.

Career Advancement Opportunities

April 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 99.0%
  • Warburg Pincus 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

April 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

April 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

April 2024 Private Equity

  • Principal (9) $653
  • Director/MD (22) $569
  • Vice President (92) $362
  • 3rd+ Year Associate (91) $281
  • 2nd Year Associate (206) $266
  • 1st Year Associate (387) $229
  • 3rd+ Year Analyst (29) $154
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (246) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (314) $59
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”