Credit Secondaries Associate

GCM Grosvenor • New York, NY

91d • $115,000 - $150,000

About The Position

We are seeking an Associate to join our growing Credit platform to focus on our Credit Secondaries business. The Associate will be responsible for performing a broad range of analytical, communication and research duties as part of the firm’s secondary credit investment activities. The associate will also work alongside investment professionals involved in the firm’s credit primary and co-investment platforms. As an onsite/hybrid employee, you are expected to be in the office on Tuesdays, Wednesdays and Thursdays and on an as needed basis Mondays and Fridays.

Requirements

• Bachelor’s degree required.
• 3 – 5 years of experience with a track record of investment leadership and advancement in positions of increasing responsibility.
• Experience in credit fund manager selection or credit investment underwriting is preferred.
• Broad-based investment and capital markets knowledge.
• Ability to state and justify a well-reasoned investment opinion – both verbal and written.
• Experience in presenting complex material in a clear and concise manner to senior investment leaders.
• Demonstrated initiative and ability to work in a fast-paced, changing environment.
• High degree of integrity and the ability to recognize the requirements of confidentiality.
• Excellent organizational skills and the ability to manage multiple tasks simultaneously in a cross-functional team environment.
• Strong analytical skills with proven success in a role that provides due diligence, research and interpretation of market environment, opportunities and investment strategies.
• Superior written and verbal communication skills.
• Collaborative individual who is a team player, self-starter and independent thinker.
• Ability to travel.

Nice To Haves

• Appropriate professional designation, such as a CFA, preferred but not required.

Responsibilities

• Coordinate due diligence processes on credit secondary transactions, including the research of underlying portfolio investments and the creation of detailed valuation models.
• Play an active role in investment transactions from start to finish, including legal documentation and all closing logistics.
• Prepare financial analyses in support of the firm’s due diligence on secondary credit investment opportunities.
• Communicate manager and strategy-related issues to the investment team.
• Prepare investment committee memoranda and offer insights and ideas regarding potential investments and deal terms.
• Monitor and report on investment/portfolio performance and draft internal and external communications including periodic updates on portfolio performance.
• Communicate with sellers/advisors as part of sourcing and investment processes.
• Collaborate with business development and marketing teams on investor presentations.
• Perform special projects related to the strategy or credit industry.

Benefits

• Comprehensive healthcare coverage (including medical, dental, vision and life insurance).
• Flexible spending accounts.
• Employer sponsored retirement plan.
• Paid time off.
• Parental leave.
• Short-term and long-term disability.
• Other care/wellness programs.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 501-1,000 employees