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Switching from Buy-Side FI Research to RX Advisory
I recently accepted an offer at a boutique asset management firm (~$500B) within their high-yield and leveraged loans group for next summer. Moving forward (full-time), I am interested in transitioning to either RX advisory or private credit roles (mezz funds, hybrid-value, stressed/distressed...
Restructuring/CH11 - Gifting/Tipping equity to out-of-the money investors
Can someone please explain that to me as I just can't understand it From what I understand it's very common in CH11 situations to gift / "tip" 2-5% equity to out-of-the money shareholders to secure their vote in the restructuring plan where they would otherwise get nothing following a Debt to Equity...
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