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.
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-…
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.
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