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Though business development companies are performing well in 2023 relative to the prior two years, mergers among companies with shared managers that help reduce costs amid historic underperformance are still on the table. Over the past few years, large assetmanagers such as BlackRock Inc. FBCC) and Franklin BSP Lending Corp.
That’s made these firms more attractive to sponsors and sellers, giving the asset class an upper hand in setting buyout terms. “Credit funds have become the go-to for financing—they can cut big checks and raise money with relative ease with a track record,” said Joe Stein , managing director at Solomon Partners.
Washington, DC, (April 1, 2024) – FOCUS Investment Banking (“FOCUS”), a national middlemarket investment banking firm providing merger, acquisition, divestiture, and corporate finance services, announced today that CMI Management , an organization that provides facilities and assetmanagement services primarily to government agencies, has been acquired (..)
These pre-MBA programs are the most prominent in consulting , finance, and technology , which makes sense since most MBA students target these industries. We’ll return to this point later, but in finance, it’s more common to do a pre-MBA internship at a small VC/PE firm or boutique bank rather than a bulge bracket bank.
middle-market banks (Jefferies, Houlihan Lokey, etc.), Outside of IB, various assetmanagers, hedge funds, consulting firms, and trading firms also run some type of spring week program, but we’re focusing on banking here. female, international, non-STEM/finance major, certain ethnicities, etc.)? Are you personable?
All the large investment banks – bulge brackets , elite boutiques , and middle-market firms – use internships as a recruiting tool for Analysts and Associates. Bad Market and Very Few or No Return Offers – Maybe deal activity was so bad that the bank didn’t need to award many return offers.
If you’ve read this site before, you know this set of goals is impossible for most finance careers: you take a lot of risk, work long/stressful hours, or both. Some SWFs operate like long-only assetmanagers (i.e., So, expect something in-line with pay at middle-market firms , such as $200 – $250K rather than $300K+ total.
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