2027 Blackstone Credit and Insurance, Chief Investment Office Summer Analyst (Asset Allocation, Capital Formation, Structuring)

Blackstone•New York, NY

5d•$110,000 - $110,000•Onsite

About The Position

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 www.blackstone.com. Follow @blackstone on LinkedIn, X, and Instagram. Blackstone Credit and Insurance Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including private investment grade, asset-based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit. Program Description Blackstone's Summer Analyst Program is a 10-week in-person experience, offering participants extensive exposure across the firm. This program provides Summer Analysts with valuable guidance through mentorship, continuous feedback, technical and soft skill training, networking opportunities with professionals across the firm, and the unique chance to fully immerse themselves in Blackstone's culture. BXCI Structuring Blackstone Credit & Insurance (BXCI) is seeking to add a Summer Analyst to its Structuring team within the Office of the Chief Investment Officer (OCIO). The Structuring team is primarily responsible for: (i) creating rated investment vehicles that facilitate capital efficient investing for BXCI clients, (ii) developing structures for new investment strategies, (iii) leading the design and execution of novel investments across BXCI, (iv) liaising with BXCI fundraising teams on capital raising opportunities, and (v) preparing models, analysis, updates and presentations regarding the aforementioned topics. The Summer Analysts will work closely with all OCIO functions, origination teams and across the broader BXCI platform. The team is lean and candidates are expected to work on numerous projects at a time. BXCI Asset Allocation The Asset Allocation team within the BXCI CIO office delivers Blackstone’s investment management expertise to insurers and multi-asset credit clients, helping those firms meet their investment objectives and drive long-term value. BXCI partners with insurers and other institutional clients to deliver customizable and diversified portfolios of Blackstone products from Blackstone’s credit, real estate, and alternatives platforms, as well as the option for full, outsourced management of clients’ investment portfolios. Blackstone Credit and Insurance, Asset Allocation offers Summer Analysts the experience on a professional team whose work involves delivering Blackstone’s investment management expertise and products to insurance companies. Summer Analysts at Blackstone have the opportunity to participate in all aspects of investing and can expect to be staffed on a number of transactions at once. Due to the relatively small size of the professional staff, Summer Analysts are expected to assume integral roles on deal teams. Capital Formation & Capital Markets The Chief Investment Office, Capital Formation Summer Analyst will work alongside the capital formation team responsible for BXCI’s liability origination, including CLOs, BDC bond issuances, secured debt structures, etc. Responsibilities include performing financial analysis, investment analysis and reporting for potential investments, structured financing, and strategic transactions. The Summer Analyst will assist in the execution of transactions and drafting of presentations and investment committee materials. The Summer Analysts will be exposed to advanced financial modelling, capital markets, credit structures, CLO origination and portfolio investment strategies.

Requirements

Strong interpersonal and communication skills, both written and verbal
Strong analytical skills
A desire to work in a team environment with dynamic roles
Sincere commitment to professional development
Excellent attention to detail
Strong work ethic, intellectual curiosity, good professional judgement and contributes positively to a collegial atmosphere
Currently enrolled as an undergraduate student
Anticipated graduation date: Fall 2027 – Spring 2028
Resume must include expected graduation month/year and GPA
Resume must be in PDF format

Responsibilities

Asset / portfolio due diligence
Cash flow modeling
Preparation of Investment Committee materials
Preparation of marketing materials (i.e., fundraising, financing proposals, etc.)
Review and drafting of legal documentation
Management of ratings process
Develop and maintain portfolio management and monitoring tools to support existing investment structures
Support portfolio management team on portfolio construction and asset allocation
Generate reports to track market conditions to inform tactical asset allocation discussions
Partner with portfolio management team to produce materials for investment portfolio reviews
Perform ad hoc portfolio analysis to support needs of insurance clients including M&A activity
Collaborate with Blackstone’s business units to develop bespoke investment solutions across fixed income and alternative products
Construct detailed financial models and valuation analyses
Conduct insurance industry research and analysis
Participate in all aspects of debt financings and structuring for Blackstone Credit & Insurance, including drafting proposals, committee materials, and portfolio analytics
Conduct financial analysis for potential investment opportunities, through market benchmarking, fund economics, and investment strategy
Assist in all phases of a transaction, from initial outreach through final execution, for private and public financing solutions
Assist in preparing ad-hoc materials for senior management/investment committee review
Actively monitor performance of existing financing / structured investment vehicles, and provide regular updates to internal stakeholders and senior management
Work with sophisticated financial models to project future liability needs based on various scenarios and assumptions
Collaborate with the team in proactively managing our rating agency partnerships
Liaise with internal stakeholders on data, reporting, risk, and compliance related matters
Conduct market research and competitor analysis across numerous structures (BDCs, closed end funds, CLOs), and markets (public and private corporate credit, asset-backed credit, etc.)
Assist in preparing quarterly reporting packages for external use