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The Credit Strategy team is responsible for sourcing, underwriting, and monitoring investments across the capital structure throughout credit asset classes (e.g., investment grade and high yield bonds, leveraged loans, structured equity, mortgage-related credit, asset-backed securities, specialty finance, real assets, etc.).
Investments may take varying forms, including partnerships with fund managers, operating platforms, co-investments, and direct investments. The potential investment universe is broad (including public and private investments), and the team operates with a highly entrepreneurial and flexible investment approach.
Analysts and Associates are expected to analyze/monitor new and existing investments, prepare materials for presentations (for both clients and senior management), and communicate with external partners as well as other BXMA teams. Additional key responsibilities include:
- Working with the team to source and conduct due diligence for prospective investments within the Credit space, including meetings with fund managers and industry participants, thematic strategy research, quantitative analysis, and sourcing and underwriting public and private direct investments and co-investments across a wide range of asset classes.
- Continuous evaluation of existing portfolio exposures (across fund investments/partnerships, direct investments, and co-investments), including tracking key positions, themes, and exposures within portfolios, regular conversations with managers and industry participants, and challenging/stress-testing investment theses.
- Performing deep dive due diligence on companies and/or assets, including creating detailed financial models and scenario analyses, researching industries and themes, and analyzing legal documents.
- Structuring of investments and funds/partnerships, including investment objectives/parameters, covenants/legal structures, and tax structures.
- Creating materials for investment committees, regular portfolio discussions, and updates for senior management and external investors.
- Developing tools to process and analyze large data sets for individual investment underwriting as well as broader portfolio construction analyses.
Qualifications:
Blackstone seeks to hire individuals who are highly motivated, diligent, and who have demonstrated excellence in prior endeavors.
In addition to strong analytical and quantitative skills, the successful candidate should meet the following qualifications:
- Relevant work experience (e.g., investment banking, leveraged finance, credit trading, investment management, etc.)
- Entrepreneurial, team-oriented mentality
- Strong communication skills, including a demonstrated writing and presentation skills
- Excellent attention to detail
- Sound judgement and confidence
- Effectively completes ad hoc projects independently
- Experience working in and contributing to a positive team environment
- Prior coding knowledge is a plus but not necessary
Source: Blackstone Career Page
