About UChicago Credit Group
The University of Chicago's only RSO dedicated to credit, covering restructuring, distressed credit, performing credit, and special situations.
Our mission
To make credit accessible, rigorous, and exciting
UChicago Credit Group is the University of Chicago's only RSO dedicated to credit. Our mission has three parts.
Education
A modular curriculum: credit fundamentals first, then sector-specific credit analysis and career paths.
Networking & Recruiting
Networking events, mentorship programs, and employer partnerships for students recruiting into finance and credit.
Hands-on Experience
Credit modeling workshops, supervised pitch projects, and case competitions modeled on professional credit analysis.
A focused club with an outsized footprint in credit.
- Active members
- 80+
- Placement firms
- 23
The club structure
The General Body is the foundation of the club. Training tracks and sector pitch pods offer more focused work.
UCG General Body
The foundation of the club. Members build broad credit knowledge through NME-style education, guest speaker events, and programming focused on markets, recruiting, and industry exposure.
UCG Training Tracks
Three focused, rigorous, mentor-led tracks: Investing, Investment Banking, and Restructuring. Tracks are reserved for first-year members until they complete recruiting.
Tracks
- Investing
- Investment Banking
- Restructuring
UCG High Yield Pitch Pods
Pitch pods are organized by sector and open to the entire club. Each pod is led by a sector leader, completes two pitches per quarter, and publishes its work.
Sector pods
- Industrials
- Consumer, Energy & Utilities
- Financials & Real Estate
- TMT
Four areas of credit
Our training and research are organized around restructuring, distressed credit, performing credit, and special situations.
Restructuring
Restructuring is the work of advising companies and their creditors when a balance sheet no longer works. It covers Chapter 11 cases, out-of-court exchanges, and liability management transactions, and the valuation questions that decide which creditors recover and how much.
Topics
- Chapter 11 and 363 sales
- Liability management
- Recovery waterfalls
- Creditor committees
Distressed Credit
Distressed investors buy the debt of companies in or near default. The analysis is legal and structural as much as financial: reading credit agreements closely, mapping the capital structure, and working out what gets paid, in what order, and when.
Topics
- Capital structure analysis
- Loan-to-own
- Credit agreement review
- Event-driven catalysts
Performing Credit
Performing credit is lending to and investing in healthy borrowers through leveraged loans, high-yield bonds, and private credit. The work is building cash flow models, testing covenants, and comparing relative value across the capital structure.
Topics
- Leveraged loans
- High-yield bonds
- Direct lending
- Relative value
Special Situations
Special situations covers investments driven by corporate events rather than the credit cycle: spin-offs, mergers, recapitalizations, and stressed equities. The work is situational: reading proxies and merger agreements, modeling pro forma capital structures, and underwriting a catalyst and a timeline.
Topics
- Spin-offs
- Merger arbitrage
- Recapitalizations
- Stressed equities