Blackstone Credit & Insurance, Liquid Credit Strategies, Research - Associate

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.

Blackstone Credit & Insurance (“BXCI”)- Liquid Credit Strategies (“LCS”) Research, Associate

Employer:                              

Blackstone

Business Unit:

Blackstone Credit & Insurance

The Liquid Credit Strategies Team (“LCS”) manages $114B in AUM across diversified portfolios of fixed income investments, primarily consisting of senior secured floating rate bank loans and high yield bonds of non-investment grade companies. The group manages and sub-advises 166 funds accounts in US and Europe, including Collateralized Loan Obligations, Separately Managed Accounts, Commingled Funds, Closed End Funds and Business Development Companies. LCS also invests in the debt and equity tranches of CLOs.

Job Title:

Industry Credit Research Associate 

Job Description:        

The LCS credit analyst is an integral part of the investment team.  The credit analyst will conduct fundamental credit analysis to identify attractive investment ideas and proactively communicate recommendations to Portfolio Managers.

The credit analyst will enhance both quantitative and qualitative skills through the investment process and will have the opportunity to work with a wide range of industries and investment types. As a result of the breadth of the experience, the credit analyst will develop a unique understanding of companies and capital structures. 

Responsibilities include:

•        Evaluate new investments in the Primary and Secondary Markets performing thorough analysis of the Borrowers’ business, industry drivers, inherent credit risks, and valuation/recovery prospects.

•        Formulate a clear and concise credit view in order to persuasively communicate recommendations to the Investment Committee (including CLOs, SMAs, BDCs, and Closed End Funds) both verbally and in writing.

•        Diligently monitor companies in the assigned industry segments including through recent news, quarterly/annual earnings announcements, ratings changes, and legal requests. 

•        Update financial models for the assigned portfolio companies on a quarterly basis.

Qualifications:                       

Blackstone seeks to hire individuals who are highly motivated, intelligent, and have demonstrated excellence in prior endeavors as well as:

•        2+ years of relevant work experience, ideally within corporate credit, public or private equity asset manager, sell-side corporate credit or equity investment research firm, or an investment bank in an advisory, capital markets or restructuring group.

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position.  Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Expected annual base salary range:

$125,000 - $150,000

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation and benefits offered in connection with the role consist of comprehensive health benefits,