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Associate, Private Debt

Invesco
New York City, United Statesfull_timeVerifiedPosted 6 Sept 2024
💰 $165,000/yr($150,000/yr$165,000/yr)

About the role

As one of the world’s leading asset managers, Invesco is dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, we provide a wide range of investment strategies and vehicles to our clients around the world.

If you're looking for challenging work, smart colleagues, and a global employer with a social conscience, come explore your potential at Invesco. Make a difference every day!

Job Description

Invesco is looking to add a New York-based Associate to its Middle-Market Private Debt Group for an immediate start.  The Middle-Market Private Debt Group currently operates as an independent team of ten experienced investors within Invesco’s $45 billion Private Credit platform.  The Group primarily focuses on directly originated, sponsor-backed private debt investments in middle market companies in the form of senior secured loans and may also invest, to a lesser extent, in second lien loans, junior capital investments and equity investments acquired in connection with the loans.  The new hire will join at a time of significant growth for the Group and individual opportunity for strong upward mobility as the Group recently launched multiple funding vehicles.

Your role:

In the Associate Private Debt role, you will assess new private debt financing opportunities and make investment recommendations to the investment committee. You will come to these conclusions through preparation of a credit proposal including company and industry analysis, capital structure analysis, cash flow projections, evaluation of collateral adequacy, management, sponsor quality, identification of key risks and evaluation of mitigating factors.

You will be responsible for:

  • Assess private debt, sponsor-backed financing opportunities

  • Involvement in all aspects of evaluating, implementing, closing and monitoring private debt investments sourced by senior origination professionals.

  • Responsible for reviewing, analyzing and making recommendations on new financing opportunities incorporating data from Confidential Information Memorandas, Management Presentations and other presentation and diligence items.

  • Build highly customized cash flow models to understand historical and projected cash flows and service indebtedness under a variety of different scenarios.

  • Support the due diligence process, including preparing due diligence lists, synthesizing data room materials, reviewing third-party consultant reports, understanding macro-level and/or industry trends, performing valuation analysis, leading due diligence discussions with management and/or private equity firms and other analysis that may be important to making a highly informed investment decision

  • Support the preparation of the Investment Committee materials, which will include an analysis of key due diligence findings, a supportable investment thesis, a discussion of investment risks and other information to support the investment recommendation.

  • Perform ongoing monitoring and review of existing transactions including historical financial inspection, cash flow modeling, industry analysis and assessments, and maintaining and strengthening borrower and sponsor relationships.

  • Help prepare presentations for meetings with clients

  • Assist in workstreams associated with capital raising activities, which may include preparing marketing presentations, assisting with due diligence process and other activities related to legal documentation, internal approvals and compliance.

The experience you bring:

  • Bachelor’s Degree (MBA degree a plus)

  • 3 years of work experience in a credit or private equity related role. Strong preference for direct lending, private credit, leveraged finance in bank or equity investment experience in middle market companies.

  • Aptitude for detail and a strong dedication to accuracy.

  • Excellent verbal and written communication skills and effective interpersonal skills.

  • Excellent quantitative and qualitative analysis and financial modeling skills.

  • Proficient user of Microsoft Office, Excel and Word and Bloomberg.

  • Self-motivated, multi-tasker with the ability to work independently and follow through on projects.

  • Team Oriented

The salary range for this positio

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Company

Invesco

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