Blackstone Credit – Investment Management & Strategy, 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 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.
 

Blackstone Credit – Investment Management & Strategy, Analyst  

Business Unit: Blackstone Credit

Business Description:

Blackstone Credit is one of the world’s largest credit-focused asset managers. Blackstone’s Credit and Insurance segment has $319 billion in AUM. Blackstone Credit seeks to generate attractive risk-adjusted returns for our clients by investing across the entire corporate credit market, from public debt to private loans. Our capital supports a wide range of companies across sectors and geographies, enabling businesses to expand, invest, and navigate changing market environments. 

Job Title: Analyst

Job Description:

We are seeking an Analyst to join the Investment Management & Strategy Team that supports Blackstone’s Direct Lending Platform, with a specific focus on the retail and institutional direct lending funds. The Investment Management & Strategy Team centralizes and drives all aspects of day-to-day decision making and management for the Business Development Companies (“BDCs”) (BCRED & BXSL) and institutional direct lending funds. The Investment Management Team will (i) pro-actively identify areas of risk and opportunity within the portfolio, (ii) establish and influence the investment ramp including investment pace and assets/strategy/sector mix, (iii) monitor portfolio performance and assets with a top-down approach and focus on largest contributes, outperformers, and underperformers, (iv) develop and maintain corporate models, (v) monitor, manage and stress test liquidity in collaboration with BXC finance/risk/capital markets teams, (vi) evaluate and drive key corporate decision making and strategic initiatives (dividend management, new strategies/products, strategic/platform acquisitions, other special projects), and (v) lead and support content creation related to credit markets and specifically, direct lending trends. 

Responsibilities:

The Investment Management & Strategy Analyst will work within the BXCI Chief Investment Office to manage all aspects of direct lending including development & execution of key strategies and day-to-day management of portfolios. The main areas of responsibility include:

• Investment management & analytics: analytics to drive investment, portfolio, and fund related decisions:

-Portfolio Construction (asset mix/details, sector concentrations,

deployment, pipeline/repayments)

-Balance Sheet (leverage/capital structure, capital raising, liquidity

stress testing)

-Corporate Strategy (dividend management, performance)

• Assist in the day-to-day management of US direct lending funds, including investment allocations, liquidity forecasts, dividend/distribution strategy, tracking asset performance, and related activities.

• Develop platform-wide forecasts to project dry powder and deployment needs to help drive origination and financing strategies.

• Develop and maintain certain fund/corporate models to track performance against forecasted returns, management fees and deployment ramp.  Run scenario and ad-hoc analysis to predict capital needs and evaluate impact of portfolio structuring decisions.

• Support/review investor-related reporting for covered funds, including but not limited to, quarterly presentations, portfolio data files, capital call forecasts and stress testing.

• Partner with technology to design tools/dashboards and enhance automation. 

• Work with cross functional teams (investment teams, capital markets, finance, risk) to support day-to-day fund/portfolio level decisions.

• Support content creation, research, and data analysis of certain private credit market trends and areas of risk/opportunities.

• Identify and evaluat