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Private Credit/Direct Lending Deal Comps
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...
MM Credit Delivery vs MM PubFin
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...
First Year Analyst at CS, screwed in event of crisis?
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...
Deerpath Capital Management
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?...
Can someone share their experience working in private credit investments?
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...
Private Debt Analyst Modeling Test Question
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...
Getting S&T FT at different bank?
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...
CRE Lending
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?
Direct Lending Offer Help
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...
BMO Commercial Banking Analyst Development Program
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...
Short credit pitch?
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,...
Intern advice-Bain Capital Credit exit opportunites
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...
Bain Performing Credit vs. Ares/Blue Owl/KKR/Golub/Blackstone etc
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...
Macquarie Analyst, Mining Finance Team/Principal Investing
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...
Ranking PC?
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
Performing credit- exit opps?
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,...
"Specialty" Banking Credit Analyst Career Options/Exits
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...
Credit Superday Prep
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...
Breaking into Investment Banking from Real Estate
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...
Best Credit Rating Agency LOB/team for IB exit ops?
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...
Credit Family Offices
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...
How to improve credit analytical skills?
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...
Thoughts on Blackstone and/or Apollo Credit
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)...
Wall St Prep/Matan Feldman Zoom Trial for Theft of IP - March 4
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...
Open Invitation to Webinar with Matan Feldman of Wall Street Prep
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...
MBA's in Credit Industry
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).
Heloc and credit score
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...
Seeking Advice: First job in finance.
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...
As an Investor what are items to look for to decide to invest debt or equity?
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...
Private Credit vs Private Equity
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...
Blackstone Real Estate Debt Strategies (BREDS) summer analyst - London
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!!
How soon is too soon to change jobs? / Dream Job
Hi there, will try to keep it brief but: Uni grad, started as a credit strategy analyst in Aug 2021. enjoy my job, intellectually stimulating etc, but my dream job has always been desk sales (credit sales etc) - just seen a job posting for my dream job that starts in 2022 (no idea which month etc) -...
Gunvor Situation
A lot of people know their firm is going to die. https://www.zerohedge.com/energy/gunvor-getting-f… Blood in the water
Table of Contents for pitching a Debt Provider (HF/Bank)
Hi All, I'm looking for a sample flow/table of contents for putting together a pitch to raise post-acquisition debt . Evidently sample decks are also greatly appreciated. TIA PS: You're reading correctly: "post-acquisition debt", which has to do with the pre-Closing hair on the asset
Recruiting Timeline for Credit Investment Associates
Does anyone know what the recruiting timeline looks like for credit shops? Interested in direct lending but more so liquid credit (for shops that invest in the primary market). Have had a few HH reach out randomly for specific roles but is there some sort of typical "on-cycle" timeline? I have also...
Bank Credit Portfolio Management discussion - What they actually do, is it worth it, exit opps?
Interviewing for a Credit Portfolio Manager at a US bank and have a few questions. What the role is about: CPM work across origination, finance, risk and treasury teams. The organisational structure varies depending on each bank. They do not analyse individual deals but rather the portfolio of...
Credit Funds Recruiters
Hello I am currently starting my second year at a MM opportunistic/distressed private credit fund in a tier II city and have 4-5 closed deals under my belt. I would like to move to NYC and I wanted to know which search firms should I get in touch with to target UMM/MM credit fund associate/senior...
Life After Private Credit?
Fellow Monkeys: I'm reaching a point where I am considering a potential career change after bonuses are paid. I've done some searching on previous threads but did not see anything tailored to private credit specifically. In speaking with recruiters, if I wanted to make more money or get a title bump...
Partners Group Super Day
Has anyone done a superday at Partners Group for the financial analyst program? This is a 2-3 year program where you rotate between their different groups for undergrads. What was the format (behaviourals, technicals, case studies)? How many people did you interview with? How did you best prepare?...
Citigroup Credit Primer document 2005
Does anyone have the Citigroup credit primer document, from around 2004/2005, they would be willing to share? Much appreciated if so. Thanks to PrimeP : https://www.mediafire.com/file/jyxyn5spyqtdfia/Cr…
Q&A: Credit - All Job Types (IB, Hedge Fund, Venture, Fintech Start-up)
Open to any questions involving the broad field of credit advisory and investing. To give you a bit of background, I've worked in: bulge bracket restructuring, boutique restructuring, private debt, distressed debt, a FinTech start-up, a family office, and currently at an asset manager that...
Thoughts on Beach Point Capital
Anyone have any insights into Beach Point, deal flow, culture, returns, etc. Mostly interested on the distressed debt side
Credit funds
Lots of threads on here about long/short equity funds, but wanted to learn some more about credit funds. What would the day in the life of someone who works at a fund that focused on high-yield bonds and senior secured loans look like, maybe compared to a long/short equity analyst? What are the...
Bain Capital Credit - Distressed
I was wondering if anyone had experience with Bain Capital Credit’s Distressed arm. What types of deals have they done, are they looking to make control investments, what’s the culture of the team, and how does associate recruiting differ for distressed credit versus PE at Bain (specifically...
Any info on culture at Atalaya Capital Management
Hello I am currently at a MM Direct Lending fund and interested in learning more about culture, recruiting and Associate comp at Atalaya Capital Management in NYC. Anyone hear who can provide some color on this credit fund. Thanks alot.
Credit Qs
1) Why do Letters of Credit outstanding reduce liquidity? I would think it would increase it? 2) Any good resources on understanding credit obligations in terms of propco, holdco, parent/subsidiary etc? Just resources on understanding structures. Thank you.
credit research / strategy long term job prospects
recently got a grad offer for a strategy role at a credit research shop in London , really happy with offer and firm but was just wondering what the next 3-5 years could look like - especially if I've done the CFA. could I do credit trading / sales? equally, could I switch products completely i.e fx...
LO High Yield Credit > L/S HF?
Is this a natural or feasible progression? Where is the lapse in skill set? Also curious about skill transferability to LO deep value (Baupost type)
Blackstone Credit internship program?
Was looking on linkedin and saw that Blackstone is offering an internship for their credit team: https://www.linkedin.com/jobs/view/2022-summer-an… obviously it's difficult to judge from just a LinkedIn posting, but I belive this is the first year they are taking interns for the credit division....
Case Study - Ares Energy and Infra (Senior Associate)
Hi all, have an upcoming case study with Ares Infrastructure.and Power I have been told the case will be 5 hours, but no other detail. Was wondering if anyone had any insight on what one could potentially expect or how best to prepare? They are a flexible capital investor so suspect it will involve...
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