Blackstone
Accelerating Growth
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The Multi-Strategy Investing platform (“MSI”) was launched in 2011 and is the team’s flagship commingled fund. MSI’s mandate is flexible across the capital structure – investing in equities, preferreds, converts, bonds, loans and structured investments. The team can execute on both private and public opportunities across geographies or industries.
The MSI team is able to leverage BXMA’s hedge fund manager relationships, the broader Blackstone network (including Real Estate, Private Equity, Credit, and Strategic Partners), and the team’s direct relationships to source attractive investment opportunities. The team seeks an Investment Associate to support the fund’s fundamentally driven investment process.
Key responsibilities for this role include:
- Source and underwrite potential credit investments including high yield bonds, leveraged loans, distressed/special situations and bespoke capital solutions
- Construct detailed financial models on individual securities
- Draft and present investment memoranda
- Monitor existing investments by maintaining company models and updating position-level investment scenarios and risk/reward expectations
- Conduct research on the macro and micro factors that may impact potential investments
- Serve as a key contributor driving direct credit investment opportunities across sectors and geographies
- Generate improved direct sourcing capability
- Enhance platform-wide returns through rigorous credit underwriting and active portfolio/position management
Qualifications for Role:
- Demonstrated track record managing and/or recommending stressed/distressed credit investments
- Familiarity with loan/bond documentation, collateral packages, intercreditor structures and covenant frameworks
- Advanced accounting and financial modeling skills
- Strong written and verbal communication skills; translate complex credit issues into clear recommendations
- A well organized and disciplined approach to work effort
- Strong analytical and quantitative skills
- Active listening skills; integrates new information and develops investment recommendations
- Strong emotional intelligence, professional integrity, and the intellectual curiosity to ask probing questions
- Proactive, hands-on approach in a fast-moving, deal-driven environment
Additional Qualifications:
In addition to the above, Blackstone seeks to hire individuals who are highly motivated, intelligent, have sound judgment, and have demonstrated excellence in prior endeavors. In addition to strong analytical and time management skills, the successful candidate must meet the following qualifications:
- 4+ years of direct credit-investment experience within a buyside platform
- Deep understanding of capital markets, credit trading strategies, liability management tools, and restructuring processes used by alternative asset managers
- Excellent verbal, written, and interpersonal communication skills to synthesize information quickly and communicate effectively
- Manage ad-hoc projects with minimal oversight
- Strong proficiency in PowerPoint, Excel, and Bloomberg
- A growth mindset and eager to learn new concepts
- A team-oriented mindset
- Strong attention to detail
- A willingness to incorporate artificial intelligence into the investment process
- Professional integrity and discretion with sensitive information
- Candidate should be a highly motivated and a team-oriented individual who thrives in a dynamic environment
- Undergraduate degree is required; CFA or progress toward designation is a plus
The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position. Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.
Source: Blackstone Career Page
