Credit & Direct Lending Playbook
Private credit is one of the fastest-growing areas in finance, and the interview process is distinct from traditional PE. This playbook covers credit analysis frameworks, memo writing, loan documentation, and the downside-focused thinking that credit funds want to see. Perfect for candidates targeting Ares, Golub, Owl Rock, and similar firms.
What You Get
- Credit analysis framework: the 5 Cs and beyond
- Writing investment memos that get approved
- Downside protection analysis: what can go wrong?
- Loan documentation: covenants, baskets, and carve-outs
- Unitranche, first lien, second lien structures explained
- Sponsor-backed vs. non-sponsored lending differences
- Credit fund economics: fees, hurdles, waterfalls
- 50+ credit-specific interview questions with answers
Sample Excerpt
"Credit investors think differently than equity investors. The question isn't 'how much can I make?'—it's 'how do I get my money back if everything goes wrong?' Walk me through your downside analysis: revenue decline scenarios, margin compression, liquidity runway, asset coverage, and covenant headroom..."
Frequently Asked Questions
One-time purchase
Instant Download
PDF delivered immediately
Lifetime Updates
All future versions included
Secure Checkout
Powered by Stripe