I had some questions about Moelis' Capital Markets capabilities. I know that they don't have a balance sheet so they don't actually have any debt or equity offerings but they do offer advisory for capital raises. I wanted to see how that process works in an EB like Moelis.
Also, would like to know how an Analyst and Summer Intern really gets involved in that process. I know that with their NYC and LA offices they say that both roles are M&A and RX specific. Does that mean that they don't actually work on mandates outside of that? (i.e. equity and debt offerings)
Looking forward to getting some answers, thanks a lot in advance!