Blackstone Credit – Principal, Private Credit Strategies

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.
 

Business Unit:

Blackstone Credit

Business Unit Overview:

Blackstone Credit is one of the world’s largest credit-focused asset managers. Blackstone’s Credit and Insurance segment has $295 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:

Blackstone Credit – Principal, Private Credit Strategies

Job Responsibilities:

• Focus primarily on providing private capital to upper middle market companies and private equity sponsors in connection with leveraged buyouts, mergers and acquisitions, recapitalizations, growth financings and other corporate transactions.
• Utilize a flexible approach when structuring investments, which may include senior debt (secured and unsecured), subordinated debt, preferred stock and/or private equity.
• Develop both deep quantitative and qualitative skills through the investment process and gain exposure to a wide range of industries and investment types.
• Focus primarily on providing private capital solutions to companies that would otherwise be unavailable in the public markets and invest in event-driven or other special situations opportunities through the public markets.
• Evaluate companies in various stages of distress, as well as non-distressed situations with complexity or idiosyncratic risk.
• Participate in all aspects of the investment process from origination to deal closing.
• Perform financial analysis, execution of transactions (including meeting and interacting with management teams as part of the due diligence process), industry research and competitive analysis, and drafting of memoranda for internal and external use.
• Work on numerous investment opportunities at a time.

Job Qualifications:

Education

• Bachelor’s degree (or equivalent) in Finance, Economics, or a related field

Experience

• Minimum of 8 years of experience in job offered or related occupations
• Minimum of 8 years of experience using Microsoft Excel to build detailed financial models and analyze financial returns and valuation.
• Minimum of 8 years of experience using Microsoft PowerPoint to develop internal and external presentation materials on potential transactions.
• Minimum of 5 years of experience using CapitalIQ to underwrite, conduct due diligence on, and close private credit and structured equity investments in the United States.
• Minimum of 5 years of experience using either Salesforce or DealCloud to track and execute the sourcing of new transaction opportunities.
• Minimum of 5 years of experience working with Microsoft World to negotiate definitive legal documentation for bespoke, structured capital solutions and related contracts.
• Experience can be concurrent.

San Francisco Applicants: Blackstone will consider for employment qualified applicants with arrest and conviction records, consistent with the San Francisco Fair Chance Ordinance.

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.

Expected annual base salary range:

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training.  All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please contact Human Resources at 212-583-5000 (US), 44 (0)20 7451 4000 (EMEA) or 852 3656 8600 (APAC).

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:

• Attending client meetings where you are discussing Blackstone products and/or and client questions;

• Marketing Blackstone funds to new or existing clients;

• Supervising or training securities licensed employees;

• Structuring or creating Blackstone funds/products; and

• Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis.  Please speak with your Blackstone Recruiting contact with any questions.

To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.

Salary : $200,000 - $250,000