Middle Market Rising?

gravedancer08 — Mon, 22 Sep 2008 12:57:37 -0400

As the standalone bulge bracket investment bank becomes a thing of the past, what will be the affect on the prestige and position of the dominant middle market banks (Lazard, HL, etc.)?

Distressed Investment Fund Rankings

gravedancer08 — Wed, 06 Aug 2008 16:41:49 -0400

If you were to rank the top HF, PE, and Vulture shops that deal actively in distressed debt, what would that list look like?

Candidates include...

Harbinger, Siguler Guff and Company, Matlin Patterson, Aetos Capital, Apollo, Ares, Audax, Carlyle, CMS, Goldman, Blackstone, Gramercy Global, Highland, Japonica, Lehman Distressed Ops Fund, Morgan Stanley Global Distressed Ops Fund, Quadrangle, Wayland, WL Ross, Sankaty Advisors, Cerberus, Oaktree, Avenue, Golden Tree, Siver Point, Plainfield, Satellite, Anchorage, Tudor, Moore, OZM, GLG, Eton Park, TPG-Axon, Viking....

When to look for EXIT OPS?

gravedancer08 — Mon, 04 Aug 2008 12:23:44 -0400

How soon after starting work should a 1st yr analyst be searching for exit ops (HF,PE,etc.)?

When do HF's and PE's start to recruit?

In your oppinion, how long should an analyst work in IB before exiting (ASAP, 2yrs, etc.)?

Bond Prices

gravedancer08 — Fri, 11 Jul 2008 11:48:38 -0400

In every financial restructuring case you read it describes how "Joe Vulture" got XYZ bonds for 20 cents on the dollar. Where is the best place (website) to go to find where bonds are trading relative to their par?

Thanks in advance

the DIP-side Argument

gravedancer08 — Tue, 01 Jul 2008 01:02:28 -0400

Whenever I read a forum discussion relating to financial restructuring on this site, there's always a bunch of 'experts' naming off their list of top financial restructuring shops and attempting to put down other shops with the argument that "THEY ARE PRIMARILY CREDITOR-SIDE ADVISERS".

I'll ignore for a moment the fact that these statements are likely merely the hearsay of some under-informed know-it-all to ask this question...

Given the choice between working DIP-side or creditor-side, what is the argument for choosing DIP??? It seems to me that if one has aspirations towards any kind of career related to distressed debt, especially vulture investing, he or she would do well to have experience working the restructuring process from the creditor's point of view, rather than that of the DIP...?

Top Activist Vulture Funds?

gravedancer08 — Fri, 06 Jun 2008 18:58:10 -0400

What are the top funds dealing in distressed situations?

Major LBO's in Restructuring

gravedancer08 — Thu, 17 Apr 2008 10:49:57 -0400

I've started to here about certain large LBO's of last summer and before running into trouble. Anyone know of specific LBO-purchased companies approaching or already in distress?

Series 7

gravedancer08 — Wed, 26 Mar 2008 21:03:14 -0400

Straight out of B-school, how many hours of studying to pass? What are the best study materials? How does this test compare to the CPA, or other licenses?

The Question No One Can Answer...

gravedancer08 — Sun, 09 Mar 2008 18:23:26 -0400

I have posted this question before and have been trying to research this topic for some time without much success:

It rarely happens that analysts or associates source deals to their banks, but when they do, I have heard it is typical for that banker to be given a finders fee around 5% of fees. I have been ably to confirm that both Citi and Dresner have policies for finder's fees.

Finder's Fee

gravedancer08 — Tue, 04 Mar 2008 20:51:26 -0500

If a banker sources a deal to his bank (M&A advisory, capital raise, etc.), what are typical finder's fees paid to that banker?