Senior Private Credit Business Development Professional

About this role

About BlackRock Private Markets
BlackRock’s private markets platform serves investors seeking outperformance in infrastructure, private debt, private equity, real estate and multi-alternatives solutions. We strive to bring our investors the highest quality opportunities by drawing upon our global footprint, superior execution capabilities, proprietary technology and position as a preferred partner. As of Sept. 30, 2023, BlackRock manages US$331 billion in liquid and illiquid alternative investments and commitments on behalf of clients worldwide.

About BlackRock Private Credit

BlackRock has built industry-leading private credit capabilities over the past 20 years, seeking to deliver attractive results throughout market cycles. Our platform provides a whole portfolio approach to investing across the risk/return spectrum, leveraging our global scale to deliver investment solutions that meet our clients' needs. Deep and experienced teams deploy capital in direct lending, opportunistic and event-driven strategies, providing solutions across U.S., European and Asian private markets. As of September 30, 2023, BlackRock manages US$84 billion on behalf of Private Credit clients globally.

Position Overview

The Private Credit business development team’s role is to foster (i) greater depth of client relationships, (ii) specific and extensive private credit strategy experience, and (iii) a differentiated service element to help BlackRock meaningfully and more rapidly increase its footprint in a quickly growing and increasingly competitive private credit asset class. The team will do so by leveraging its product expertise, proprietary and long-tenured client relationships and proven history of executing successful private credit fundraises. The business unit, which focuses primarily on outward client-facing engagement, incorporates two core (and complementary) functions, each of which require experienced and robust product knowledge: (1) fundraising (in collaboration with internal distribution partners, and existing and prospective clients) and (2) servicing existing clients.

This individual will be responsible for the delivery of efficient fundraising and/or client service execution in order to meet the objective of promoting growth and development of our private credit business. This hire will have a meaningful impact on the team’s day-to-day achievement of its goals through raising client funds and meeting client needs.

Key Responsibilities:

• Work in close partnership with BlackRock’s Institutional and Retail Client Business teams, Credit Portfolio Managers, Alternative Specialists and Product Strategists to provide coordinated client coverage
• Responsible for raising meaningful capital for the firm’s Private Credit Strategies
• May assume responsibility for client coverage on a regional/national basis or for certain client types and assign similar responsibilities to more junior professionals
• Extensive working knowledge of all factors affecting a fundraise including meaningful input to firm decision-making regarding strategies for which we are seeking to raise capital, planning and developing the most saleable narrative, identifying key re-up clients and prospective clients, determining cadence and timing of our client approach, working directly with clients and collaborating internally to raise client capital, working through complex issues involving structure/tax/legal, negotiating all core documents in concert with L&C, and closing client commitments into our funds
• Assists in client follow up, requests and analysis as opportunities progress
• Identifies unique opportunities to expand our Private Credit business through product adjacencies that add value to the platform
• Identifies opportunities that may help establish or expand relationships with largest prospective clients (fund-of-one, multi-strategy mandates, etc.)
• Serves as an ambassador for the firm and is viewed by client/consultants as a senior-level BlackRock representative
• Attends (when appropriate) industry events/conferences and is capable of joining in a speaking/presenting role to represent BlackRock
• Demonstrates strong working knowledge of key market trends and developments

Skills/Qualifications:

• Extensive experience in and knowledge of the asset management industry, specifically a deep knowledge of public and private credit strategies; demonstrated success in raising capital across a broad array of clients
• Capacity to move fluently between clients, relationship managers and portfolio managers to provide value add perspective and deliverables
• Proven sales background –smart, articulate and highly motivated
• Understanding of key drivers of success and a working knowledge of our competitors
• Ability to effectiv