Does anybody know how Lazard RX Chi places into distressed/public credit buyside (opportunistic arms at places like Oaktree,etc and HFs)?
Thanks. Seems like people either say it is way worse than NYC or greater than/or equal. seems like lots of leadership changes lately so need current views.
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Based on the WSO dataset, Lazard RX in Chicago is known for its strong placement into distressed and public credit buyside roles. The head of their RX group is based in Chicago, which underscores the office's significance in the restructuring space. Historically, Lazard has been a powerhouse in restructuring, and their Chicago office maintains a specific program focused on RX, differentiating it from their generalist program in NYC.
Regarding exits, analysts from Lazard RX Chicago have successfully transitioned to prominent distressed and opportunistic credit roles, including positions at top firms like Oaktree. The office's focus on restructuring, combined with the leadership present there, provides a robust training ground for analysts looking to move into high-profile distressed investing and hedge fund roles.
It's important to note that perceptions of the Chicago office versus NYC can vary, with some viewing it as on par or even superior due to its specialized focus and leadership presence. However, recent leadership changes might have sparked discussions about its current standing and future trajectory. It would be beneficial to connect with current or recent employees for the most up-to-date insights.
Sources: Top Industrials Shops in Chicago - Top IB Chicago, Why You Should Consider Restructuring – Common Misconceptions/Insight on RX Groups, Wharton kids favor restructuring/distressed investing?, 2018 best RX shops on the street?, What do you love/hate/regret about public credit/HY/Distressed?
bump
LAZ NY is not the same anymore. They lost a lot of heavy hitters and they are definitely not on PJT/EVR/HL RX tier. I think the CHI team is actually perceived as the better one nowadays
Does Chicago still do well after Reid left? I thought Chi RX was strong because the global head of RX sat there. Curious if that has changed things at all.
aaa
Are people giving ms about the Laz vs PJt/EVR/HL point or nyc vs Chi point
Both points are correct, should not be MS.
bump
Non-PE exits since 2021 include Victory Park, Farallon, KKR Strategic Investments, Sixth Street (2x), and Apollo Hybrid Value.
Pretty cracked
godddamn
I think they also have quite a few TPG PE and KKR PE
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