Associate Summer 2024, Bain Capital Credit - Liquid Structured Credit

Established in 1984, Bain Capital is one of the world's leading private investment firms with approximately $155 billion in assets under management. Bain Capital manages a range of strategies including private equity, public equity, credit, venture capital, real estate, life sciences, and impact investments. Our competitive advantage is grounded in a diligence- intensive, value-added investment approach that enables the firm to deliver industry- leading returns for its investors. Headquartered in Boston, Bain Capital has offices in Chicago, Dublin, Guangzhou, Hong Kong, London, Madrid, Melbourne, Mumbai, Munich, New York, Palo Alto, San Francisco, Seoul, Shanghai, Sydney, Luxembourg, Lisbon, Singapore, and Tokyo. BAIN CAPITAL CREDIT OVERVIEW Bain Capital Credit is a leading global credit specialist with over $50 billion in assets under management. We invest across the full spectrum of credit strategies, including leveraged loans, high-yield bonds, distressed debt, direct lending, structured products, non-performing loans, and equities. Through our numerous funds, we have the ability to invest in every level of a company’s capital structure from secured debt to equity, and we can also provide capital to growing companies with unique financing needs. Our investment process is characterized by detailed business and financial analysis and a culture of vigorous debate. We combine a consulting-based approach to industry, competitor, and business analysis with an in-depth examination of a target company’s financial performance and capital structure. Our goal is to select the best industries, the best companies, and the best relative value among the many securities each company offers. Bain Capital Credit has a world-class team of investment professionals with extensive experience analyzing and managing high-yield investments. INDUSTRY TEAM OVERVIEW Bain Capital Credit’s US industry team covers over 16 sectors. Investment professionals apply their industry- specific knowledge and networks to identify and evaluate investment opportunities across the capital structure and for all Bain Capital Credit funds and accounts. Team members spend their time reviewing investment opportunities and selecting securities, conducting due diligence, preparing investment recommendations and monitoring the universe of names they follow. Industry team members interact regularly with the Credit Committee, Portfolio Management teams, and Trading Desk to communicate and refine their recommendations. This individual will be based in our Boston office. RESPONSIBILITIES Perform fundamental company-specific research: visit company management, conduct original on-site research in the field (with customers, suppliers, etc.), and attend industry conferences Perform industry-level analyses to inform the investment process and provide critical context Build earnings models and perform valuation analysis Make proactive buy/sell recommendations and effectively communicate your views with team members Learn and adopt the firm’s straightforward investment process, characterized by direct verbal communication and concise written investment summaries supported by in-depth data-driven analysis (i.e., quantitative models of market size/growth, competitive positioning, and financial statements/analysis valuation) QUALIFICATIONS Strong academic credentials (BS/BA from highly-regarded institution) and a demonstrated track record of successful work experience 2-3 years of post-undergrad business and/or investing experience with an investment management firm, investment banking, or venture capital/private equity firm; prior healthcare experience is a plus Experience analyzing and/or evaluating companies A fundamental, analytically-driven approach to investing with strong analytical/modeling capability Experience interacting with and assessing senior management teams Ability to work collaboratively in team environments and strong relationship-building skills Creative approach to due diligence Excellent communication skills with ability to synthesize complicated analyses concisely and to articulate insightful conclusions compellingly. Open to spirited debate over ideas. Please note we will only consider applications of individuals who do not require visa sponsorship, either now or in the future Bain Capital, LP is one of the world’s leading private multi-asset alternative investment firms that creates lasting impact for our investors, teams, businesses, and the communities in which we live. Since our founding in 1984, we’ve applied our insight and experience to organically expand into several asset classes including private equity, credit, public equity and venture capital. We leverage our shared platform to capture cross-asset class opportunities in strategic areas of focus. With offices on four continents, our global team aligns our interests with those of our investors for lasting impact. Transparency in Coverage – MRF Requirement