Opportunistic Credit vs. Tac Opps vs. Special Sits
Can anyone explain the difference between the 3? Seems to have a bunch of overlap but not completely clear.
Can anyone explain the difference between the 3? Seems to have a bunch of overlap but not completely clear.
+87 | Sr Asso / VP Unemployment Check-in | 52 | 3h | |
+30 | What did you do after signing? | 10 | 15h | |
+26 | VP Level - when to follow up after final round | 10 | 3d | |
+24 | Resume Gap after 2.5 Years in PE | 5 | 22h | |
+21 | Public company LBO | 7 | 1d | |
+20 | Vista Lateral Associate | 12 | 2d | |
+18 | VP HF Lateral to PE | 1 | 1d | |
+18 | PE Recruiting From IB- Play It Safe Or Reach For Best Fund Possible? | 6 | 12h | |
+16 | Banner Ridge | 27 | 1d | |
+16 | IB/PE Lifers, Was It Worth It? | 5 | 3d |
Career Resources
There is a bunch of overlap and no one definition.
Nobody really uses the phrase Tac Opps broadly, that's just a group at Blackstone.
Opportunistic credit generally means you're investing in stressed/distressed public cap stacks targeting a 12-20% IRR.
Special sits can include the definition of opportunistic credit, but it can be much more broad as well. Usually, special situations is defined as the ability to invest in asset classes others can't invest in and/or with deal structures that others can't invest with. The idea behind special situations is that there is a unique problem that traditional capital solutions can't satisfy so you create your own unique capital solution to solve the problem.
Dignissimos itaque quaerat voluptate saepe vel ut. Molestiae architecto incidunt eaque cum. Veniam perferendis in eos. Quis est esse impedit enim voluptas at hic.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...