Displaying 28 of 28 results

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  2. About I have been a longtime WSO reader (6-7 years) and some years down the track, I thought it would be helpful to do a quick Q&A I think this could be helpful in particular for (i) those looking to switch over from credit to equity investing, (ii) t ...

    +6 38 comments11 Oct 2019 - VP in PE - LBOs

  3. Mezz fund interview

    Private Equity

    Hey guys, I'm a 2nd-year DCM analyst with an interview lined up at a small (<$1bn) MM mezz/ PE fund-- they invest across the capital structure, though I get the sense they do more mezz than straight equity. Anyways, I know what kind of questions m ...

    32 comments21 Mar 2017 -

  4. I'm a VP at a mezzanine fund based in a metro area similar to Minneapolis / Denver / Milwaukee / St. Louis. I have 6 years of corporate banking and debt capital markets experience, 2 years in investor relations at a $2.5B PE fund, and 2 years experie ...

    +1 13 comments20 Jul 2018 -

  5. They, as the buyout funds, will probably raise a certain amount of money (equity) from institutional investors and provide (invest) that money to PE funds who want to leverage even further their equity returns (above what they would get in a senior debt o ...

    +1 19 comments27 Dec 2010 -

  6. Debt fund returns / IRR

    Private Equity

    Hello all, I have a presentation from a growth debt fund which invests in senior debt in small early stage companies ($15-30MM tickets). They talk about 15+% gross IRR (YTM) (before carry and management fees). Now, when looking at the investments they hav ...

    10 comments10 Sep 2015 -

  7. Starting a mezz fund

    Private Equity

    We've funded a few sub notes through one or two of our investors before, but now the rest of our investor network is interested in participating so we're putting together our own little mezz fund. We've just started the process- drawing up ...

    10 comments15 May 2014 -

  8. MM Mezz Fund Internship

    Private Equity

    Hi guys, Do you think it is feasible over 6 months to be brought up to a competent Associate / Snr Analyst at a 4/5 person Mezz fund, with limited debt experience? I have an offer and need to consider day-to-day, how difficult is the job to be brought up ...

    8 comments29 Sep 2016 -

  9. ... mezzanine Teachers Private Capital Salary Yes Yes 189711 440342 282579 304722 376087 ...

    +1 11 comments30 Dec 2010 -

  10. Hey guys, quick question here: Could someone explain what kind of target is good for mezz debt investment in a LBO? Imagine some of the element will be similar (eg: steady cash flow). So guess the real question is, what are the different criteria that you ...

    +1 10 comments7 Apr 2011 -

  11. Mezz Debt & Capital Structure

    Investment Banking

    Oasisers, I was looking at a capital structure that was comprised of 2 tranches of senior debt and 3 tranches of mezz below it. The interesting part is that the 1st piece of mezz after the 2 senior tranches has the lowest interest rate in the entire capit ...

    8 comments10 Feb 2011 -

  12. Question about mezzanine financing: So, I have this mezzanine financing, coupon payments are 10% cash, 5% PIK and there are warrants for say 10% of equity ownership. My question relates as to how do I evaluate this deal? What do warrants represent in a ty ...

    +2 7 comments6 Jan 2012 -

  13. I work at a top-tier MM PE firm and honestly, I've become a little disillusioned with the amount of shit I have to deal with. Don't get me wrong, my hours are not considered terrible (probably 60-70/week, no weekends), but the entire execution o ...

    +1 7 comments4 Jun 2011 -

  14. 88888's blog Does anyone know of any good firms in Boston that focus on debt? boston debt mezzanine Blog ...

    5 comments6 Apr 2011 -

  15. Recent Mezzanine Rates

    Investment Banking

    Does anybody know where to locate recent mezzanine debt rates/pricing? I'm trying to find a range of recent rates but have not been able to find anything. Thanks. mezzanine ...

    4 comments26 Apr 2016 -

  16. Mezzanine/Credit Funds

    Investment Banking

    What are the best groups to get into at a BB to get into a mezz fund or a credit HF? IB HF lev fin mezzanine exit ops No Yes 425842 419280 433130 270966 440324 ...

    4 comments19 Oct 2011 -

  17. I'm a 2nd year analyst at a large bank (think JPM, BOA, WF). I'm not in ibanking- we target the middle market and provide bank debt facilities >$35MM, mostly used for M&A but also can be direct to the Company. I want to find a pre-MBA ass ...

    3 comments22 Apr 2014 -

  18. All, Thank you in advance. Interviews mezzanine capital markets No Yes 174309 395920 403914 104309 316663 ...

    3 comments6 Jan 2014 -

  19. Biggest mezz funds

    Investment Banking

    I'd like to come up with a list of the biggest mezzanine funds out there. i'd appreciate if you guys could just throw some names at me of funds that (exclusively) provide mezzanine capital to firms. funds mezzanine mezz No Yes 198437 441792 4333 ...

    3 comments13 May 2010 -

  20. Anyone have any insight into compensation? Tasks include: (i) monitor portfolio, (ii) analyze portfolio company financial statements, loan covenants and other credit factors, (iii) prepare financial updates and quarterly valuation materials for investment ...

    2 comments16 Apr 2015 -

  21. Credit Question

    Hedge Fund

    Hedge funders, I'm a credit analyst underwriting bank debt and looking to get some exposure to how the underwriting for bank debt differs from investment grade bonds, high yield bonds, and mezz debt. Does anyone have recommendations on blogs, article ...

    2 comments21 Feb 2015 -

  22. From my research, it seems Structured Finance and Mezzanine have pretty good exit ops in hedge funds. But they also are sometimes considered part of Capital Markets, and Capital Markets are considered bad for exit opts. Can someone clear up this confusion ...

    2 comments4 Dec 2010 -

  23. Modeling debt

    Investment Banking

    Friends, Which sources do you use to learn spreadsheet modeling of debt (senior, sub, revolver, LoC, Mezz etc)? And then computation of ratios- Fixed charge coverage, Debt-to-Total Capital, Interest Coverage etc and if the borrower is going to trip a cove ...

    2 comments17 Nov 2008 -

  24. Free List of Mezz Funds

    Private Equity

    Hey guys, I stumbled upon this database of mezzanine funds and thought you monkeys might get some use out of it. Posting in the PE forum because I came across it when looking for capital providers to expand financing relationships at my old shop, but I� ...

    +2 1 comment16 Aug 2019 -

  25. Mezzanine vs Preferred Shares

    Investment Banking

    Hi guys, 4 easy questions for the pundits here:) 1. Is it usual that a "growth equity investment fund" charges an arrangement fee? 2. What's the difference between a Mezz lender and Growth investor that wants to invest via participating pre ...

    +1 1 comment5 Apr 2019 -

  26. My firm is talking with a potential client for M&A advisory. They sound like they want an MBO, but I've only seen outside firms buy other companies. I know this will probably be a leveraged buyout and I've seen that process, but I don't ...

    +1 1 comment25 Oct 2017 -

  27. How are the hours/comp/exit opps/reputation of this industry in general? how about for well known shops like cw capital, torchlight investors, LNR capital, C-III and the like? Is this generally a good launch pad for a career in real estate debt? i'm ...

    1 comment6 Aug 2012 -

  28. Hey, I'm doing some research into the different avenues for raising capital for a new fund. Would anyone have any insight into whether anyone specialises in providing fund capital? More specifically a mezzanine fund. From what I've seen so far t ...

    +114 Jun 2010 -

  29. Mezzanine Funds / Solar Capital

    Investment Banking

    Hey- How do the people on this forum think about Mezzanine funds (i.e. the guys who put in junior debt capital alongside sponsors in private equity deals, but also in other situations)? I am looking for anybody that works there or works with these types o ...

    1 comment11 Jun 2010 -