Any Hedge Funds in DC that do Distressed Financing?

[Anonymous]

I am a corporate bankruptcy associate at a large DC area firm. I am beginning to look for other opportunities and one of the positions i thought about was general counsel at a hedge fund. Does anyone know of any DC area hedge funds that do distressed financing? I work with several hedge funds but none are DC based and I am having a hard time figuring out if there are any based in the DC area. Thanks in advance.

[Anonymous]

Carlyle...it's one of the biggest players in the PE/distressed space.

http://www.carlyle.com/our-business/global-market-strategies/global-distressed-corporate-opportunities

However, given your background, since you have the skills to work somewhere outside of DC, why don't you take this as an opportunity to move to NY?

[Anonymous]

Anonymous wrote:Carlyle...it's one of the biggest players in the PE/distressed space.

http://www.carlyle.com/our-business/global-market-strategies/global-distressed-corporate-opportunities

However, given your background, since you have the skills to work somewhere outside of DC, why don't you take this as an opportunity to move to NY?

Why would you assume OP wants to live in NY?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Carlyle...it's one of the biggest players in the PE/distressed space.

http://www.carlyle.com/our-business/global-market-strategies/global-distressed-corporate-opportunities

However, given your background, since you have the skills to work somewhere outside of DC, why don't you take this as an opportunity to move to NY?

Why would you assume OP wants to live in NY?

Because if the OP wants to be a BSD in distressed or high-yield/junk bond space, he/she is going to have wayyy more opportunities up in NY/CT than just carlyle in DC.

Furthermore if you have the ability to be a big player in ny/ct, why wouldn't you want to move there instead of staying here? It's just a better place in general if affordability is not an issue.

[Anonymous]

Thanks for the responses. For a number of reasons, leaving the DC-area currently is not an option. I was aware of Carlyle, but from what I recall when I looked into this previously, I believe most of their GC work is done out of other offices.

[Anonymous]

Um, yeah, an Carlyle isn't going to hire an associate-looking-for-a-change as their GC. Obviously, they would hire a far more experience person.

[Anonymous]

Anonymous wrote:Um, yeah, an Carlyle isn't going to hire an associate-looking-for-a-change as their GC. Obviously, they would hire a far more experience person.

Yea, seriously. I worked at Goldman and Carlyle only mustered a polite fart in my direction.

[Anonymous]

Anonymous wrote:Thanks for the responses. For a number of reasons, leaving the DC-area currently is not an option. I was aware of Carlyle, but from what I recall when I looked into this previously, I believe most of their GC work is done out of other offices.

Perhaps moving into PE/HF as an associate for the particular distressed fund/portfolio and leaving legal/compliance is an avenue that would be easier to pursue? Not sure if you would be interested or if you would have the modeling background for it but just throwing it out there.

[Anonymous]

You can find emerging market pe funds, but not sure about hedge. emerging market capital partners and Darby overseas investments are a few.