Mar 13, 2023

Private Credit vs Restructuring

Got an offer to work at a private credit firm for SA that would likely transfer into FT. Roughly 2BN fund. My goal is to be a PM at a HF. Does anyone have any idea of comp expectations and exit opps for this type of fund - they typically do direct lending to 1st lien.


have no clue how good/bad this is, so relative to IB (M&A or restructuring) what am I looking at?

 

I have superdays for restructuring at HL and LAZ coming up (so assuming i got an offer and return there, which should I pick). Or it it not worth spending the time prepping and this would this be working backwards? I can't find much info on this fund (TCW/ First Eagle/ Nuveen) so I'm kinda afraid that going here would stunt growth vs  going through the classic 2 yrs banking (RX) then move to a top HF (D.E Shaw CROPS, Special Sits funds, Cerberus, Centerbridge, Elliot)

 

I have superdays for restructuring at HL and LAZ coming up (so assuming i got an offer and return there, which should I pick). Or it it not worth spending the time prepping and this would this be working backwards? I can't find much info on this fund (TCW/ First Eagle/ Nuveen) so I'm kinda afraid that going here would stunt growth vs  going through the classic 2 yrs banking (RX) then move to a top HF (D.E Shaw CROPS, Special Sits funds, Cerberus, Centerbridge, Elliot)

Lets discuss that when you do have an offer from HL/LAZ RX. If you want to eventually exit to special situations funds like Centerbridge and all then Id focus on getting the RX IB offer. Tough to exit from doing 1L direct lending at TCW/First Eagle to Special Sits 

 

Ut et ipsum ut placeat consequatur voluptas dolore. Et consequatur enim qui soluta. Necessitatibus iure in aspernatur eum ratione magni quaerat.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Harris Williams & Co. 25 98.3%
  • Goldman Sachs 17 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”