Blackstone Credit and Insurance – Senior Associate, Private Credit Strategies

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, Twitter, and Instagram.
 

Business Group: Blackstone Credit and Insurance
 

Business Group Overview:

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.

Job Title: Blackstone Credit and Insurance – Senior Associate, Private Credit Strategies

Job Responsibilities:

• Participate in all aspects of the investment process using quantitative and qualitative skills to assess a wide range of industries and investment types.
• Conduct financial and competitive analysis to identify investment merits and key risks during the due diligence process.
• Provide and execute private investment capital transactions to upper middle market companies and private equity sponsors in connection with leveraged buyouts, mergers and acquisitions, recapitalizations, growth financings, and other corporate transactions.
• Implement a flexible approach when structuring investments, such as senior debt (secured and unsecured), subordinated debt, preferred stock and/or private equity capital structures.
• Conduct industry research regularly by diligently monitoring companies including recent news, quarterly/annual financial statements, ratings changes, amendments and waivers.
• Meet and interact with management teams to ensure targets and metrics are properly established and met.
• Undertake numerous projects at a time given the lean size of various private investment teams.
• Perform other duties as needed.

Qualifications:

Education:

• Bachelor’s degree (or foreign equivalent) in Finance, Economics, or a related field required.

Experience:

• Minimum 2 years of experience in job offered or related occupations required.
• Minimum of 2 years of experience originating, underwriting, structuring and closing syndicated leveraged loan and other bespoke financing solutions to support leveraged buyouts, M&A, recapitalizations, and other corporate transactions at private equity backed and other non-sponsored corporate borrowers.
• Minimum of 2 years of experience analyzing, evaluating and structuring 1st Lien & 2nd Lien leveraged loan credit documentation (predominantly credit agreements & commitment letters).
• Minimum of 2 years of experience conducting due diligence on businesses across a wide range of industries (including technology, consumer, financial services, healthcare and industrials) in order to assess credit risk.
• Minimum of 2 years of experience creating and presenting internal credit approval memos summarizing leveraged finance transactions and providing recommendations to internal risk committees.
• Minimum of 2 years of experience running leveraged loan and high-yield bond syndication processes with key responsibilities including drafting rating agency/investor presentations (in consultation with company management teams) and conducting diligence calls with credit investors