Blackstone Credit & Insurance - CIO - Capital Formation, Associate

Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram. 

Blackstone Credit & Insurance, Chief Investment Office, Capital Formation, Associate

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 Description

Provide support to the Capital Markets & Bank Relations team with respect to liability capital markets, financing, and bank relationship management activities for the Credit & Insurance business (“BXCI”).  Responsibilities will include the following:

• Work on debt financings for both single-asset and portfolio transactions, including modeling, lender diligence and materials, proposal comparisons, and the review and negotiation of credit agreements and related transaction documentation with legal counsel

• Collaborate with portfolio management teams and banking teams to build efficient financing structures and portfolios 

• Support debt and equity capital markets activities, including the issuance of private and public bonds out of select BXCI funds

• Prepare materials and market updates for debt investors, rating agencies, banks, fund boards, and internal committees

• Participate in meetings with bank partners, create briefing notes for senior management, and maintain ongoing engagement data to assist in holistic management of BXCI’s bank relationships

• Interface with capital raising and distribution partners, portfolio managers, risk, middle office / operations, and custodians

• Conduct ongoing liability management and analysis of financing and capital structures for BXCI’s funds

• Manage data analysis and rating agency interactions to receive and maintain asset ratings for rated financing vehicles

• Assist with ongoing organization of team project pipeline, ensuring opportunities, materials, and timelines are clearly tracked and accessible

• Collaborate with internal BX teams to design and implement AI-enabled tools, embedding AI into day-to-day workflows and leading internal efforts to drive adoption and innovation

• Develop new relationships with banks, insurance companies, and other sources of financing and/or investment opportunities for BXCI funds

• Provide general support to the capital markets and financing functions of BXCI

Qualifications               

Blackstone seeks to hire individuals who work well in a team-driven working group, are highly motivated, have sound judgement, are intelligent, and have demonstrated excellence in prior endeavors.  In addition to strong analytical skills, the successful candidate should meet the following qualifications:

• Undergraduate degree

• 2+ years of experience, ideally working at an investment bank, consulting firm, or credit asset manager. Experience and familiarity with debt capital markets, credit investing and leveraged finance markets is a plus