Associate, Strategic Financing, PFS - New York

About this role

Company Description

HPS Investment Partners, a part of BlackRock, is a leading global, credit-focused alternative investment manager that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for our clients. We manage various strategies across the capital structure, including privately negotiated senior debt; privately negotiated junior capital solutions in debt, preferred and equity formats; liquid credit including syndicated leveraged loans, collateralized loan obligations and high yield bonds; asset-based finance and real estate. The scale and breadth of our platform offers the flexibility to invest in companies large and small, through standard or customized solutions. At our core, we share a common thread of intellectual rigor and discipline that enables us to create value for our clients.

HPS was established in 2007 as a unit of Highbridge Capital Management, LLC (“HCM”), a subsidiary of JPMorgan Asset Management (“JPMAM”). On March 31, 2016, the senior executives of HPS acquired HPS and its subsidiaries from JPMAM and HCM (the “Transaction”.[i] Following the Transaction, JPMAM retained a passive minority investment in HPS, which was subsequently redeemed in April 2022. In June 2018, affiliates of Dyal Capital Partners made a passive minority investment in HPS. In February 2022, an affiliate of The Guardian Life Insurance Company of America made a passive minority investment in HPS, which was subsequently increased in August 2024. On July 1, 2025, BlackRock acquired the business and assets of HPS, with 100% of consideration paid in BlackRock equity (the “HPS/BlackRock Transaction”).

The HPS/BlackRock Transaction brings together BlackRock’s corporate and asset owner relationships with HPS’s diversified origination and capital flexibility. BlackRock and HPS have formed a new private financing solutions business unit (“PFS”) led by Scott Kapnick, Scot French, and Michael Patterson, creating an integrated franchise with approximately $370 billion in client assets, including $205 billion of private credit assets.[ii] This combined platform, which has more than 590 investment professionals and approximately 1,300 employees globally,[iii] offers broad capabilities across senior and junior credit solutions, asset-based finance, real estate, CLOs and GP-LP solutions. As part of the HPS/BlackRock Transaction, Scott Kapnick, Scot French, and Michael Patterson have joined BlackRock’s Global Executive Committee, and Scott Kapnick has been appointed as an observer to the BlackRock Board.

Department Description 

The Strategic Fund Financing team focuses on sourcing and optimizing credit facilities across the PFS platform. These include asset-backed facilities secured by HPS fund investments, subscription facilities secured by capital commitments from HPS investors, as well as more bespoke financings. 

Position Description                                                    

HPS is currently seeking to recruit an Associate level candidate to join the Strategic Fund Financing team in New York, NY to support the PFS platform. The individual should be highly organized with strong attention to detail.  They should have the ability to meet strict deadlines, as well as work independently and as part of a team.  A desire for a fast-paced environment is crucial.

Responsibilities                                                                                                                  

• Specific responsibilities will include but not be limited to the following:

• Manage compliance with credit facility terms, including ongoing Borrowing Base compliance

• Coordinate with Legal and Business Development on new fund pipeline and investor requests

• Source term sheets for new opportunities

• Amend agreements or refinance where necessary to stay current on market terms

• Manage various existing asset warehousing arrangements

• Coordinate with operational teams with respect to mechanics of facility closings and daily monitoring

• Review and compare leverage across funds to ensure leverage targets are met

• Review fund investments for inclusion in asset facilities

• Manage loan approval process with lenders

Candidate Profile

• Graduate with a bachelor’s degree in Finance or related field

• 3-7 years of experience in financial services industry

• Understanding of credit facilities and/or CLOs

• Understanding of bank loans

• Proficie