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Project Finance vs. Structured Finance vs. Public Finance

Posted: Sun Sep 25, 2011 12:11 am
by Anonymous User
Are these all ways of basically saying the same thing (i.e., getting money from some people to some other people so that someone can do something cool with it)?

Are there any special differences the the practices themselves (outside of the actual thing being financed)? For example, if I go to a firm with good structured/public finance practices, could I plausibly move to a firm in a few years to do project finance? My offers in hand basically make the best firm for projects the worst fit for me overall, but I'm really interested in projects work.

Apologies in advance for being totally clueless. Wikipedia-ing these things has been super unhelpful.

Re: Project Finance vs. Structured Finance vs. Public Finance

Posted: Sun Sep 25, 2011 12:22 am
by quakeroats
Anonymous User wrote:Are these all ways of basically saying the same thing (i.e., getting money from some people to some other people so that someone can do something cool with it)?

Are there any special differences the the practices themselves (outside of the actual thing being financed)? For example, if I go to a firm with good structured/public finance practices, could I plausibly move to a firm in a few years to do project finance? My offers in hand basically make the best firm for projects the worst fit for me overall, but I'm really interested in projects work.

Apologies in advance for being totally clueless. Wikipedia-ing these things has been super unhelpful.
No those aren't the same. I'm sure someone at Milbank can explain project finance to you.

Re: Project Finance vs. Structured Finance vs. Public Finance

Posted: Sun Sep 25, 2011 12:31 am
by monkey85
Project Finance - think industrial projects - bridges, factories, and the smattering of energy-related projects (oil facilities, solar, electric grids, etc.); poster above is correct that this is Milbank's baby.

Structured Finance - think "structured" products - taking unsecuritized products and turning it into a tradeable security so that people can invest in it (e.g., mortgage-backed securities)

Public Finance - helping states, cities, and governments obtain funding for public works projects (e.g., bridges, stadiums, museums, universities)