Asset & Wealth Management, Private Credit, Direct Lending Associate, Dallas

Goldman Sachs • Dallas, TX

5h

About The Position

A career with Goldman Sachs Asset Management (GSAM) is an opportunity to help
clients across the globe realize their potential, while you discover your own.
As part of one of the world's leading asset managers with over $3 trillion in
assets under supervision, you can expect to participate in exciting investment
opportunities while collaborating with talented colleagues from all asset
classes and regions, and building meaningful relationships with your clients.
Working in a culture that values integrity and transparency, you will be part of
a diverse team that is passionate about our craft, our clients, and building
sustainable success.

Bringing together traditional and alternative investments, Goldman Sachs Asset
Management provides clients around the world with a dedicated partnership and
focus on long-term performance. As the primary investment area within Goldman
Sachs, we provide investment and advisory services for pension plans, sovereign
wealth funds, insurance companies, endowments, foundations, financial advisors
and individuals. Goldman Sachs Asset Management invests both capital raised from
outside investors as well as the Firm's own capital in corporate equity,
corporate debt, real estate and infrastructure assets world-wide. The work is
deal-focused and exciting, and will bring you in contact with a wide range of
businesses, industries, investment structures and products.

Private Credit

The Private Credit business at Goldman Sachs Asset Management is one of the
world's largest alternative credit investing platforms with approximately $135bn
of AUM and investment professionals based in the US, Europe, Asia and
Australia. The Private Credit business originates investments across senior
secured loans, mezzanine/unsecured debt, preferred equity and opportunistic
credit and invests both the firm's capital and capital raised from outside
investors across a wide range of industries.

Requirements

• Bachelor's degree required; Minimum of 2 years of Investment Banking or Principal Investing experience
• Strong quantitative, financial modeling, analytical and problem-solving skills
• Passion for investing with specific interest in credit / other structured products
• Excellent verbal and written communication skills
• Flexible and creative mindset; ability to analyze a variety of industries and businesses
• Ability to self-direct, analyze and evaluate and form independent judgments
• Ability to interact and build relationships with a wide variety of people

Responsibilities

• Support investment ideas across the product suite of Credit via early engagement with relevant parties (e.g., financial sponsors / company management teams for the private-side investing platforms)
• Engaging in all aspects of due diligence and business analysis to develop and refine investment theses
• Participating in structuring, negotiating and documenting investments
• Communicating and defending investment theses to internal stakeholders and committees, including relevant Private Credit Investment Committees
• Actively monitoring existing investments in the portfolio
• Building relationships with sponsors, management teams and internal GS stakeholders
• Valuations
• Financial modeling
• Industry and company specific due diligence (research, management meetings, and investor presentations)
• Prepare and present investment memos
• LBO modeling
• Legal documentation & negotiation

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level