Nov 13, 2023

BB LevFin or Small PC fund with goal large cap PC

Title says it all. 
If your goal is to land a position at a large private credit shop, would you go with BB lev fin experience or would it be better to get first experience in private credit by joining a smaller fund doing Investments <100m? 

 

Ah, the age-old question of big fish in a small pond versus small fish in a big pond. It's a tough one, but let's break it down.

If your ultimate goal is to land a position at a large private credit shop, both options have their merits.

Starting with a BB LevFin experience, you'll get a comprehensive view of the deal cycle, which is quite process-heavy. This includes preparing the IM, management presentations, financing documents, coordinating logistics, and so forth. It's a great way to get a solid foundation in the field. Plus, the brand name of a BB on your resume can open doors down the line.

On the other hand, joining a smaller fund doing Investments
Sources: Q&amp;A: BB LevFin - Mezzanine - Opportunistic PE, Performing / Opportunistic Credit fund vs. LevFin at an IB?, Top Private Credit vs IB for Developing Investor Skillset?, Direct Lending vs LevFin at a BB

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