Associate, Credit Secondaries

Ares Operations•New York, NY

5d•Onsite

About The Position

Ares Secondaries Group is a leading investor in acquiring secondary private fund ownership stakes in the alternative asset management industry, providing liquidity solutions across private equity, credit, real estate, and infrastructure. With over 30 years of experience, the Group leverages industry analytics, research, and robust deal origination, underwriting, and portfolio management. Building on its success, Ares Secondaries Group has launched a Credit Secondaries platform and is seeking a motivated Associate to join its new business line in New York. This is a ground-floor opportunity to help build an exciting new product for the firm. The Credit Secondaries group is a new business line within Ares, a natural extension of Ares’ leading Credit and Secondaries platforms. As an Associate, you will be primarily engaged in transaction management and leadership, business development, investment decision making, and portfolio management.

Requirements

Bachelor’s degree or international equivalent required.
Superior academic achievement at a top tier undergraduate program in Finance, Accounting, or a related field.
2+ years of relevant work experience; Secondary investment experience is required.
Sophisticated modeling and analytical capabilities.
Ability to reduce complex problems and models into key drivers.
Ability to combine disparate datasets and assumptions.
Detail oriented with the ability to manage multiple projects.
Ability to work effectively in a dynamic team environment, and with senior and junior professionals.
Strong verbal and written communication skills, and a professional, polished demeanor.
Evidence of intellectual curiosity, creative problem-solving skills, and adaptability.
Self-motivated with an entrepreneurial spirit and the ability to handle and thrive with increased independence and managerial responsibilities.

Responsibilities

Assisting in the fundamental due diligence and analytical effort during the investment process.
Leading transaction teams throughout the entire transaction process, including managing and reviewing the work of junior team members.
Developing and demonstrating an ability to consistently represent the firm in the global investment community including representing the firm outside of the office at marketing meetings, diligence sessions, investor meetings, conferences, and other events.
Develop a network of contacts in the credit secondaries industry through deal negotiations, due diligence activities and attendance at industry conferences and other networking events.
Due diligence activities, including: Qualitative and quantitative asset level credit analysis including data synthesis and trend summaries Analyzing and overlaying macro level trends to diligence diversified credit portfolios Organizing all due diligence materials and developing the investment thesis Guiding and reviewing junior team members’ due diligence activities Leading diligence sessions with third parties including brokers, LPs, and GP managers
Overseeing the development of internal investment committee materials
Communicating investment recommendations and supporting facts to the investment team and/or investment committee.
Managing the closing process, including the preparation and confirmation of legal documentation and other related materials.
Assisting in portfolio analytics and fund performance monitoring.