2027 Blackstone Credit and Insurance, Infrastructure and Asset Based Credit Summer Analyst

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X, and Instagram.

Job Title

2027 BXCI, Infrastructure & Asset Based Finance Summer Analyst

Business Unit Overview

Blackstone Credit & Insurance

Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including private investment grade, asset-based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.

Program Description

Blackstone's Summer Analyst Program is a 10-week in-person experience, offering participants extensive exposure across the firm. This program provides Summer Analysts with valuable guidance through mentorship, continuous feedback, technical and soft skill training, networking opportunities with professionals across the firm, and the unique chance to fully immerse themselves in Blackstone's culture.

Primary responsibilities will include:

Asset Based Finance

• Participating in all aspects of the investment process from origination to deal closing, with a focus on Structured Credit across a wide variety of key sectors including digital infrastructure, consumer & commercial finance, and fund financeMeeting with potential borrowers and their teams, industry/strategy research, quantitative or financial analysis, and drafting investment memoranda for internal and external use
• Working with the team to perform due diligence on prospective investments
• Modeling and evaluating various types of deal structures
• Assisting with the structuring and negotiating of deal term sheets
• Reviewing credit agreements and other loan documentation
• Thinking creatively about ways to improve the team’s existing processes

ABF Residential

The ABF Residential team manages residential credit investments across the capital structure and across a variety of product types (single family rental, non-QM, residential transition loans, etc.). The team specializes in private, complex transactions and scalable partnerships, leveraging a broad range of structures to achieve attractive returns for a variety of strategies. Due to the team’s relatively small size, analysts play an integral role across the investment process. Primary responsibilities include:

• Conducting due diligence on prospective credit investments, with a focus on residential credit investments, including originator/borrower meetings, industry research, financial modeling, and investment material preparation
• Assisting in the underwriting, onboarding, and monitoring of residential mortgage originators
• Structuring and executing capital markets transactions and RMBS securitizations
• Collaborating with the investment team to underwrite opportunities, leveraging Blackstone’s various teams and resources as needed
• Drafting and presenting materials for investment committees
• Monitoring existing investments, including tracking KPIs and continuously challenging the validity of the investment thesis
• Thinking creatively about ways to improve the team’s existing processes
• Analyzing and modeling new strategic initiatives and business development opportunities