I am trying to understand exactly the potential opportunity that has arisen for me. There has been an opening in the leveraged finance group of a large bank, working withPEfirms and other private companies to originate, arrange, structure, underwrite, and close senior secured debt forLBO's, dividend recapitalizations, and mergers and acquisitions. However this isn't within their financial sponsor group or within a lev fin team that falls under theIBDumbrella. This also isn't within their capital markets team likeCiti, where lev fin falls within capital markets origination.
It's afront officeposition on a deal team, but none of the workers have nor are required to get license by finra or get theSeries 7, 79 or 63. Basically doing credit analysis andportfolio managementand using the bank'sbalance sheet. What exactly does this type of position entail and what are the exit opps. Sounds like corporate banking or commercial banking to me, but it's withing their Leveraged Finance group, so I'm confused. Also zero percent chance or any history of these guys going toPEor hedge funds, but some have gone on to private credit shops. How does this type of group compare to a traditional investment banking lev fin group?
Comments (4)
hope yall enjoyed the Mcgregor-Mayweather spectacle... bump... now can someone give me some advice? thx
Sounds like leveraged lending
what are the cons of this type of work? looks like you get real good at credit, what are exit opps?
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