credit

What is life like at Cerberus in the distressed group? Culture? Comp? Insight from any level is appreciated.

29 May 2023

In particularly their credit team as I have an interview for an entry role analyst position on Multi Sector credit. Don't seem to be spoken about a lot on forums or generally as a sought after place to work. Which is surprising as considering how large their AUM is with 70%> actively managed. Any...

29 May 2023

Does anyone have any performing credit comp reports? HY/LL/CLO/HF etc. can PM https://www.odysseysearchpartners.com/comp/2023-p…

26 May 2023

Hey Monkeys, Thoughts on debt advisory at Nomura. Do they act as lead left in a lot of transactions in MM or act as joint book runners? Also, any thoughts, in general, would be appreciated.

27 Apr 2023

I will work in a debt advisory boutique and was wondering what the natural moves are after doing a stint in debt advisory. Naturally I imagine going to bigger shops is natural, but what about other debt teams such as LevFin? And is it common to go from debt advisory to private credit/debt funds?

10 Mar 2023

Wanting to start a thread for Bain Cap Credit since they said the process starts in March. Curious if anyone heard back yet

07 Mar 2023

Hi Everyone, Looking for insight on what kinds of products would be good to specialize in a BB trading role to position myself to be competitive for L/S credit hedge funds? Don't have too much knowledge on the buy-side opportunities available within funds running credit strategies so any advice is...

01 Mar 2023

Looking for some colour on long credit hedge funds in London and what pay and compensation would be at the VP level. Also how these firms differ and anything on culture. Names that come to mind: Anchorage, Angelo Gordon, Albacore, Arini, Diameter, Fortress, King Street, Och-Ziff/Sculptor, Oak Hill,...

26 Feb 2023

What are potential exit ops from kkr real estate, and how does kkr's re credit group rank among peers (BX, Ares, Apollo) etc.?

24 Feb 2023

Curious on the differences between these various types of fund-level credit facilities utilized by RE debt funds. Subscription Facilities (sublines): More familiar with these; loan is secured by the commitment of the investors in the fund. Normally banks will size the loan availability to say, 90%...

07 Feb 2023

Firstly, I'm very new to all things debt-related and have just recently fostered an interest in credit, so bear with me if this all sounds conflated, it's most likely because I'm still trying to get my head around things and struggle differentiating aspects between LevFin, DCM, Fixed Income,...

03 Feb 2023

Posting this here in attempt to get this thread going for younger monkeys who may be curious about credit. What are the main differences between Private and Public Credit investing? What are typical pathways to a career in credit? Comp compared to M&A, S&T, Corp Dev? Work-life-balance? I think if...

26 Jan 2023

I want to go into trading but also have an interest in credit research specifically, with the goal to break into the buy-side. Ideally a HF Which area is the better option? I know that with ALM I can move into ALM section at a bank then move into trading (spoke with someone who's done it, although...

24 Jan 2023

Hey guys, I am about to join a Real Estate Debt fund next month which invests across the whole capital structure (senior, whole loans, mezz, distressed, construction loans etc.), and this forum has been very insightful in helping me land the role. I would like to ask for book recommendations that go...

10 Jan 2023

I am starting as MBA Associate at a Semi Large Private Credit Fund ($8B Fund). Pre MBA I was BIG 4 Accounting and had little experience with financial modeling or Lev Finance. I am good at interviews and was able to talk my way into the job. Would appreciate if anyone can share where would be the...

09 Jan 2023

Hi everyone Curious to hear about Bain Capital Corporate Special Sits / Distressed franchise (mandate, culture, track-record, etc), especially in London Understand mandate is broad, typically include loan to own, minorities, pull to par, pure PE plays, even long equities Also know they have several...

21 Dec 2022

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06 Dec 2022

Hey guys, I've done a lot of research on this forum about the CRE industry and lending seems to be a great place for me to start out given my background in finance/accounting my interest in debt, and my long term goal of working at an REPE fund in acquisitions. I'm currently 3 months in at a big 4...

18 Nov 2022

got no return from my IB SA this summer and am lucky enough to have following offers either in-hand or expected for FT 2023. all somewhat niche so trying to get a gauge on which one will position me best for a BB/EB IB lateral down the line. Really torn rn, anything helps. Offer 1: LevFin at a...

13 Nov 2022

Question for anyone in private credit/direct lending - anyone have any recommendations/resources for direct lending deal comps? I think most data sources like LCD pretty much only have the syndicated deals and even looking at preqin/DLD the data seems super inconsistent and incomplete. Trying to get...

31 Oct 2022

Hey everyone, So I am currently recruiting for 2023 SA positions, and was fortunate enough to get an offer to do Credit Delivery at a MM firm. I am currently in the recruiting process for another MM in their Public Finance team, and was told that I would likely be advancing to the Superday. The only...

04 Oct 2022

Hi guys, I'm hoping to get some color from industry guys who were around during the '08 debacle. Let's say you're a first year at CS and noticing that senior management is starting to go quiet and the mood is a bit... different. Reading stuff online it doesn't seem too good right now for CS and it's...

01 Oct 2022

Does anyone have additional background on Deerpath Capital? -What does salary and total compensation look like for an associate (investments/deal team)? I have heard that Golub pays base up to $150 for associates and $180 for Senior associates. Is Deerpath in the ballpark here or materially lower?...

31 Aug 2022

I am trying to learn more about a potential opportunity in a private credit investment group vs. PE position at a pension. How does WLB compared to traditional PE (GP or LP)? What is the comp structure? On average, how many "deals" are you pushing through a month? i have 2+ years of experience...

25 Jul 2022

Hello, I've got a 1.5h-2h modeling test for an analyst position at a private debt fund coming up. Just called the investment manager who gave me a glimpse into what to expect and I am left with two questions. He basically said I'll get an IM and a few assumptions to build an operating model, but...

19 Jul 2022

Hi there everyone. I am interested in breaking into S&T (particularly structured credit/HY credit/distressed debt, etc). I am a rising college senior and currently interning at a French bank in NYC. One of my rotations for the internship is syndicate (mostly ABS/CLO) and the other is not very...

11 Jul 2022

What is the pay, and bonus potential like at a BB CRE lending group for first year analysts. Think Wells/JPM/Citi ? Would this be considered Commercial banking?

02 Jul 2022

Hi I have a Direct Lending Analyst offer at an investment arm of a large insurance company (Manulife/Metlife) and at an Asset Manager (TCW/Barings/First Eagle) that raised a BDC to do direct lending. Both offers are for Middle Market Direct Lending. The insurance arm invest in 1L/2L/Uni/Mezz/Pref...

28 Jun 2022

Hi all, I wanted to ask you guys what you think of commercial banking and what the exit opportunities are. I'm currently interested in the role because it provides a good stepping stone route into corporate banking. For those who work in commercial banking, what are base pay and bonuses like? What...

21 Jun 2022

Currently work in LO credit research but want to get into L/S or opportunistic credit so trying to develop solid content going into interviews. Can someone please walk me through how to structure a short credit pitch: everything from the fundamentals/modeling to the trading mechanics (ex. sourcing,...

16 Jun 2022

I'm mentoring an intern at our fund this summer who is going to Bain Capital Credit next summer. We've been discussing post-undergrad jobs, and I know nothing about what the exit opportunities from BCC are, assuming that he got a full time analyst offer. Can anyone help me with the following...

01 Jun 2022

Haven't seen much info on Bain Credit (specifically performing credit) and wondering how they compare to other MF credit arms and fast growing lenders like Ares/Golub/Blue Owl. Feel like I've seen lots of press on other lenders scaling a bit more and being more and more active leading large direct...

24 May 2022

Hi All, I came across this Role at Mac Cap where they are hiring for their Mining Finance team. Duties Include: - Managing Principal Credit and Equity Investments - Assist in structuring and marketing derivatives to clients in the metals and mining sector - Deal recommendations, execution, and...

28 Apr 2022

Never seen topic like this, how would you rank credit shops, such as Ares, Bain Cap, Golub, Carlyle, Audax, Antares etc. in terms of comp/prestige/WLB? Thanks

27 Apr 2022

Currently a research analyst in a performing/liquid/tradeable credit group. I'm in a pretty good seat but am starting to get a little bored of more or less "vanilla" credit analysis. I know I want something more challenging, but there are so many different strategies in credit (distressed, L/S,...

27 Apr 2022

I recently graduated from a target west coast school and have been working at a mid-size (~$100BN AUM) bank for 9 months now as a "specialty banking" credit analyst in a rotational pool (2 year program). Pay is decent (not great for LA though), 40-50 hour work weeks (firm likes to sell that point...

21 Apr 2022

I am on to superdays for a summer analyst program in a private credit firm. I have done prep for PE and IB interviews but I am less familiar with the necessary prep for technical credit interviews. Will I be fine knowing IB/PE techs or are there credit specific questions I should study for? If there...

19 Apr 2022

I am a recent grad with 2 years of full-time work experience in Canada (MTL) at a well-known Real Estate Lending fund. Currently working as a front-office analyst, the deal flow is pretty good, as well as the level of autonomy in developing financial models & investment memos, as well as the...

30 Mar 2022

Got a summer internship position at one of the big 3 credit rating agencies in New York- I have the choice to pick my top 3 LOBs as well as my top 5 teams in general. Which teams would be the best for exit opportunities? I plan on staying at this company post graduation, so I'm assuming this is a...

30 Mar 2022

Are there any family offices that specialize in/invest heavily in credit? The only one I know of is MSD Partners. Are there any others to note that are fairly sizable/hire every now and again? From what I understand a lot of FOs avoid credit due to the tax treatment, is this true? Given my credit...

14 Mar 2022

Hello guys, I am a fresh graduate working in credit division of corporate banking. I have to write credit reports for loan applications and annual review of existing facilities. After 3 months in the role, I feel like I didn't improve much, all my writings and analysis were still like university...

26 Feb 2022

Looking for insight onto how the various credit groups at the megafunds are structured, most specifically interested on Blackstone and Apollo, but views on KKR and others would be helpful as well. - From what I've gathered, some of Blackstone's credit groups include liquid credit strategies (LCS)...

21 Feb 2022

As per my previous post challenging Matan Feldman to a Zoom trial where we go slide by slide to demonstrate his theft of my intellectual property and breach of our contract that clearly states I own IP. While I reserve my rights to pursue him in a court of law, I will forego those if he is willing...

13 Feb 2022

On point of principle I would like to invite Matan Feldman to join me on a live zoom webinar with all of his customers and anyone else interested in watching. First Matan can explain how after having no knowledge of topics such as structural subordination and inter-creditor agreements. Or how he...

13 Feb 2022

Hey Credit Monkey's - how common are MBA's in the Credit/Debt Industry? Looking at Corporate Banking, Private Credit/Debt, Direct Lending, etc. Currently getting my MBA at a t15 program, the credit industry interests me more than IB/PE (and seems more feasible for me to enter tbh).

12 Jan 2022

Hi everyone How is ones credit score affected by getting a Heloc? If I were to close a small unused Heloc account and open a larger account (70k to 400k), would my credit score take a large hit due to the much larger sum requested? Moreover, let's say I never touch the new 400k HELOC (or use a small...

28 Dec 2021

Hello all, I am currently deciding between two offers, one from a top 50 bank (50B in total loan assets) and the other from a much much smaller bank (about 300M loan assets). Top 50 Bank: Credit support position, 60K, no formal credit training (its not a credit analyst position), promises to expose...

16 Dec 2021

Hi Everyone - I will be going through PE interviews soon and some of the firms I'm looking at are growth equity / minority investors. These firms have the capability to invest via equity or debt. I was wondering what are some of the things / analysis etc that you conduct or look for when deciding...

29 Nov 2021

Hi All, I am in the fortunate position to have to decide between two offers with similar compensation and benefits. First one is to join a credit fund that is growing really fast but still a bit unknown that has over $10 billion in AUM. There is plenty of room to grow and make a career as the fund...

16 Nov 2021

I just received the invitation for the London BREDS Summer Internship Math Test (via Zoom). Has someone done this test? Do you have any suggestion on how can I prepare before attending it? Many thanks!!

19 Oct 2021