Credit team principal

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 $1.1 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 Follow @blackstone on LinkedIn, X, and Instagram.

Business Unit Overview:

Blackstone Multi-Asset Investing (BXMA) manages $90 billion across a diversified set of businesses. We strive to generate attractive risk-adjusted returns for our clients across market cycles. Our strategies include Absolute Return, Multi-Strategy, Total Portfolio Management, and Public Real Assets.

Job Title: BXMA- Credit Team, Principal

Job Description:

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 allocations and 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.

VPs and Principals are expected to lead investment sourcing and underwriting, monitor existing investments, lead investment presentations (for investment committees, clients, and other stakeholders), and communicate with external partners as well as other BXMA teams.

Key responsibilities include the following:

• Leading the sourcing and diligence of prospective investment strategies within the Credit space, including by engaging fund managers and industry participants, completing thematic market research, and underwriting specific investments with fund managers, co-investments, and direct investments across a wide range of asset classes.
• Leading investment due diligence, including quantitative analysis, detailed financial and/or cash flow modeling, scenario and sensitivity analyses, fundamental industry and market research, legal and tax assessments, and creating presentation materials for investment committees, clients, and other stakeholders.
• Structuring investments and funds/partnerships, considering investment objectives and parameters, counterparty alignment, downside protection, and legal and tax implications.
• Continuous evaluation of existing portfolio exposures (across fund investments, co-investments, and direct investments), including by tracking key exposures and risk factors, having regular conversations with fund managers and industry participants, and challenging/stress-testing investment theses.
• Leading investment committee presentations, regular portfolio discussions, and updates for senior management, clients, and other stakeholders.
• Developing strategies to improve and optimize investment diligence, monitoring, and reporting processes.
  
  

Qualifications:

Blackstone seeks to hire individuals who are highly motivated, diligent, and who have demonstrated excellence in prior endeavors. Candidates will ideally have 5+ years of relevant work experience (e.g., investment banking, leveraged finance, credit trading, investment management, etc.).

In addition to strong analytical and quantitative skills, the successful candidate should have the following qualifications:

• Entrepreneurial, team-oriented mentality
• Strong communication skills, including demonstrable writing and presentation skills
• Strong leadership skills
• Excellent attention to detail
• Good judgement and confidence
• Experience working in a team environment and contributing to a positive team culture
• Experience completing ad hoc projects independently
• Prior programming experience is a plus but not necessary
  
  

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:

$200,000 - $225,000

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 email Human Resources at [email protected].

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.