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Private Debt Associate in London - Career Advice - I need help!
Hello, This is my first post on this platform. I am very concerned that I have pigeon-holed myself into a career path I do not want. 5.5 years ago I joined a small lower mid-market private credit fund in London (EBITDA EUR 2-6m, ticket sizes are EUR 5-25m). I joined the firm, because the founder was...
Private Credit Groups in BBs
Greetings fellow monkeys and non-monkeys, I am looking to gather some information regarding Private Credit arms of BBs. I am aware that GS and MS have small teams that do DL or more junior financing, but I haven't heard much about other BBs (Citi, DB, JPM, BoA). Do they have their own PC teams as...
TIKEHAU Private Credit vs. ARDIAN Private Equity Infrastructure (internship)
Hello everyone, I have just been selected for an internship within Tikehau Private Debt team and at the same time I’ve been taken on for the following step of an Ardian Infra PE internship. Considering also that I did not receive an internship offer from Ardian at the moment, which one of the two...
2024 Questions List - LevFin and Private Credit
Hi everyone - I will intern in PC next year and I was thinking of making a very exhaustive post for everyone who wants to try to get into LevFin or Private Credit , and who don't really know what to expect, how to choose among the diverse career opportunities, which are the best groups to apply to,...
Private Debt Europe
I'm looking for info on Private Debt in Europe (London/Paris) at places like Eurazeo, Ardian, Tikehau... What are the comps, working hours, culture, progression like for Analysts? Thanks !
Where to start? The Private Debt/Credit/Special Situations/HFs space
Like many participants on this forum, my initial inclination was towards pursuing (PE). However I recently gained interest in the debt side of things, and have been doing research to better understand the space, numerous strategies, funds and career paths. These all seem less straightforward (than...
Advice for the first 90 days @ BBH
Here we go, so I have gotten my foot in the door at a traditional finance shop with a long history of servicing investors. I am working in Client Services and have been wondering what the best way to tackle the first 90 days. I'd like to take excel courses to boost my skills and study for the SIE to...
Private Debt-Private Credit-Direct Lending in Canada
Looking to learn more about this type of lending and the difference between all 3/if it's synonymous. Do people tend to come from fixed income backgrounds or would someone from a commercial banking/commercial real estate background be able to transition over? What does the interview process look...
Exit opportunities after CB from a BB
Hi guys, I just received an offer from a top BB in Europe for an A1 corporate banking position. I was wondering about potential exits and If it was a good choice from a mid/long term perspective. Some LevFin seem pretty natural and doable but how about PE/Private Credit roles ? In the meantime I...
Park Square Capital - London
Does anyone have insights about the company and the recruitment process? Or any general advice regarding private debt interviews?
HELLO
URGENT: CVC CREDIT INTERNSHIP VS BERENBERG IB (ECM) GRADUATE
Hello everyone, The post Is pretty self explanatory. Would love to hear what you think on the choice and why. Thanks!
Entry into Infrastructure Debt
This one's for all the infra debt professionals/people who know folks in infra debt. Curious to know what backgrounds infra debt folks typically come from, how many YOE, and what the work/workload is like i.e. is it very much like project finance in a bank but with higher hurdle rates?
Private Debt online assessment
Hi all, as part of my interview process I was asked to do a 2-hour assessment online. The HR said that "it is an Excel as well as a PowerPoint assessment utilizing the financial data. It will include financial modelling and then you will present the work in the PowerPoint." I have a consulting...
Where to learn about Lev Fins/ Private Credit (Relevent Modelling and Fundamentals)?
I am starting as MBA Associate at a Semi Large Private Credit Fund ($8B Fund). Pre MBA I was BIG 4 Accounting and had little experience with financial modeling or Lev Finance. I am good at interviews and was able to talk my way into the job. Would appreciate if anyone can share where would be the...
London Private Credit Compensation 2022
There are lots of data points on here for IB and PE but haven’t seen much on Private Credit and specifically in London. With bonus season coming up would be good to see comp across different funds. Suggested inputs: Fund size: £Xm / bn range (Debt only if PE company) Fund type: Debt / Private...
Private Credit / Direct Lending Analyst
Dear fellow monkeys,since I will be doing two internships in Private Debt in Frankfurt, Germany, next year, I was interested to hear your opinions regarding some questions that I will list below. To understand a little bit about the companies - one of them is a MM private equity fund with...
Joining a Private Debt shop from vanilla LevFin. Any resources for learning the basics of mezz/pref/subdebt?
I'm starting a new role at a credit shop that is focused on lending up and down the cap structure. My read is they do everything from unitranche down to mezz, pref, and equity coinvests. I'll be joining from a bank's LevFin team where I really only worked on more vanilla stuff like 1L term loans,...
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?...
Private Credit / PE IC Memo Tips & Examples (PPT)
Hi Guys, got a three day take-home exercise for a private credit analyst position coming up. I'll get some DD materials and have to create a IC memo in PPT and present it afterwards. I've researched a bit what goes into an IC memo but was looking for I) any specific tips regarding IC memos in...
RE: Transitioning from CRA to IB or Private Debt
Hello, New to the forum here. I currently work at one of the big 3 CRAs and got my CFA recently. I cover U.S. corporates- primarily on high yield and levfin issuers. Was wondering what the best strategy is in terms of making a jump to IB or Privat Debt. My role is about a middle manager (Associate...
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...
Private Credit Case Study w/o traditional background
Hi - New to posting here but would greatly appreciate any help y'all can offer. I have been in ABS structured finance for the past 3 years and realized a while back that I want to move to corporates. I have been self studying with the lens of interview questions but not long case studies. Through A...
Moving to private debt without investment banking experience
Hi monkeys, I am currently working as Product Analyst with a large asset manager (think Capital Group/Wellington/PIMCO). My role involves valuing high yield and emerging market credit products, as well as liaising with clients and portfolio managers to create products around these assets. I am...
Silicon Valley Bank (SVB) Lev Fin Assoc. Comp
Hey I was wondering if anyone here is familiar with Lev Fin Associate comp at SVB in Boston or NY office? Heard 130k base + 30% bonus but not sure. Can anyone confirm? Isnt 30% bonus way below market. Thanks, M
Moving from Public Debt to Private Debt
Hi Monkeys, I am looking for some advice around how to transition from public debt to private debt markets. There is ton of information about how to break into private equity but private debt seems to be a black box. I am currently working at a large asset manager think Blackrock/PIMCO/Fidelity, and...
Private Credit / Debt SA seeking advice and guidance
Hi everyone, thanks for clicking and wanting to help out. I'll keep it brief - I'm a penultimate year undergrad at a target uni in the UK and concluded recruiting with a SA offer at a private debt fund in London. Fund size is £2bn and focuses on privately originated senior debt and unitranche to...
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).
Weighing SA offers: BB IB (NY, NY) vs Software Investing (Boston, MA) vs Direct Lending (LA, CA)
Hi all, currently struggling to weigh a few offers I have. For context, I think I could potentially see myself making a career out of entrepreneurship or software PE/VC. That being said, I know interests change, and I'd like to look at things from a different angle: what would objectively look the...
Direct Lending Resume
Looking to lateral into a HC IB group. Currently at a direct lending shop and was fortunate to work on a few deals this year and wanted to know how to best present my experience on resume that would be positively viewed by bankers. Most of my work has been diligence (data rooms, questions list,...
What is the difference of Private Debt Facilities (Unitranche/Stretched Senior) vs. standard TLBs in LBOs?
Hey guys, I'm getting more interest in the private debt market but have some concept issues with the used facilities (Unitranche & Stretched Senior). I would really appreciate if someone could help me out here as I try to prepare for intern interviews. I'll give you an example to illustrate what...
Private Equity vs Public Equity vs Private Debt vs Public Debt
I am interviewing for a fairly large AM firm within the real estate arm. Within the real estate arm, all 4 of the above groups are included. I understand the differences between each of them, but I can't tell which one's are better in terms of career growth. For example, if I was a new grad who...
Debt Sculpting - Project Finance
Debt Sculpting Model: I have prepared a debt sculpting model and wish to validate the logic and macros in the model. Can someone please have a look at it and provide your valuable feedback. Thanks a ton in advance
Tikehau Capital
Hi Everyone, Anyone has some info about it? Know they're major player in European private debt, wanted to know more in terms of Private Equity, culture etc. Thanks
ResponsAbility Investments AG
Private Equity and Debt for Financial Institutions and Agro-business across different regions in emerging market countries.
Private Debt Salary
Hi all, Does anyone have any insight into the salary structure (salary + bonus) for private debt analysts/associates at an insurance company? Currently located in a second-tier city. Also, what is the earning potential at the MD level? Thanks in advance.
Private Debt Modelling
Hi guys, What are some ways to learn and practice financial modelling that is done at private debt funds? Any help would be much appreciated. Thank you!
Buyside offer of Non-bank loans investment, is it private debt secondary or structured finance?
Hey guys, I am a graduate student and have done internship at Corp M&A, private debt LP and venture capital funds (in EU). I recently received an offer from a credit fund (with strong ABS investment history) called Dynamic Credit, the team that I will join are mainly investing in portfolio of...
Asset Management: Alternative Investments. Hours and Salary
Hey everyone, I was looking for some infos on a career in the Alternative Investment branch of an Asset Management firm (private debt, specifically). Any insight regarding the avg hours and salary would be appreciated (as well as some general infos about what does it look like to work there). Thanks...
HPS investment partners
Any insight into this firm in terms of prestige, experience and comp? I know it is the former Highbridge Group, but are they well known in investment circles?
Does anyone here work for a private debt firm interested in large law firm refinancing/working capital deals?
Would love to connect. I have a few looking for $5mm to $40mm. All are large firms with solid history looking to refinance existing debt and have some working capital.
Fund Management Associate
I am interviewing with a private credit fund in New York for a "Fund Management Associate", the organization also has regular "Associates" but I am still struggling with the difference between the two. Does anyone know what the true differences in these roles are? The more I dig into it, it seems...
Comvest Private Debt
Have an interview with these guys for their Chicago office - does anybody with more experience in private debt have opinions on this shop / their reputation? It sounds like they have been busy and are growing but haven’t been able to find much on them and I want to evaluate the opportunity...
Interview at a credit fund
Hi everyone, I have an interview coming up for an off-cycle intern position at a solid credit fund. But I am not entirely sure what’s the best way to prepare. I have done a summer internship in a leveraged finance group, so I would imagine I’d be asked about capital structure, different...
Private Debt Entry
Does anyone have any insight as to the traditional path to get into Private Debt? I have heard there are multiple paths, but am curious as to what the most applicable field is? I currently work in commercial banking (for the last 12 months) and am wondering if it would be smart to try and make the...
UK Private Debt Analyst - Concerns about becoming a generalist
Hi WSO , Background is as follows- 1st Class at Top UK University, Internship & Graduate scheme at same institution (large private debt business part of an insurance co. so not IB but well-known name on the buy-side) and now an analyst within their Private Debt arm (2 yrs out of university in...
AllianceBernstein Energy Opportunities
Hey WSO , Long-time user but I am (obviously) employing a throwaway account here to mask my identity. I'm looking for information on alliance bernstein's energy opportunities fund as I am in the interview process with them. From what I've gathered thus far they invest in private debt/equity deals...
Why are private markets outperforming public markets?
I've read numerous articles that are stating private markets (including pe, debt, real estate, etc) are outpacing public markets and having much stronger returns in recent years. Why is this happening and will this continue? Is this a good time to get into private equity/re/private debt vs public...
Post final round coffee chat
Can anyone provide any insight on what to expect from a coffee chat with team head in a PE firm after three rounds of interviews for an investment associate role in the Private debt team (spoken to whole team from analyst to MD, case study and HR)? I’ve not come across this part before in the...
Real Estate Private Placement Salaries
I've been interning for a firm that does RE private debt and equity placement (construction, bridge, mezz, JV). I'm trying to get an idea for what one can expect to earn in compensation working at a shop like this. I'd say we're in the lower middle-market. I've researched this topic but there are...
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