Director, Portfolio Management, Private Infrastructure Debt
About The Position
Principal Private Infrastructure Debt team is growing! We’re looking for a Director, Portfolio Manager to join our team. The Director is responsible for senior‑level portfolio management and credit oversight for a diversified global infrastructure debt portfolio, with accountability for ongoing monitoring of investment performance, reporting, and proactive risk management aligned with client Investment Management Agreements. The role also involves underwriting of Infrastructure U.S. Private Placements (USPP) and Project Finance transactions and collaborates closely across the Principal Private Credit platforms, reporting to the Head of Infrastructure Debt.
Requirements
- Bachelor’s degree required; MBA or CFA expected
- 10+ years of experience in infrastructure debt, private placements, project finance, and/or structured credit
- Strong credit analysis and financial modeling skills with a high level of attention to detail
- Established market relationships in the Infrastructure USPP and Project Finance markets
- Experience across global infrastructure sectors
- Strong understanding of project finance documentation, including intercreditor agreements, security packages, and covenants
- Experience with stressed or workout situations is a plus
Nice To Haves
- Excellent written and verbal communication skills with the ability to represent the portfolio internally and externally
- Demonstrated leadership capabilities within infrastructure and project finance investment teams
- Ability to balance a disciplined, risk-focused approach with commercial awareness in a competitive environment
- Professional and constructive approach to managing conflict, differing viewpoints, and complex stakeholder dynamics
Responsibilities
- Portfolio Management & Credit Oversight
- Lead portfolio management and credit oversight for a globally diversified infrastructure debt portfolio, including ongoing credit surveillance, portfolio risk assessments, valuation oversight, and coordination with key constituents including legal, treasury, risk, finance, and operations teams
- Senior client liaison for active and prospective clients
- Credit Analysis & Underwriting
- Play a key role in underwriting and executing USPP infrastructure and project finance transactions by executing in fundamental credit analysis, financial models, and downside scenarios, supporting investment decisions and participating in investment committee processes as applicable.
- Client, Market & Platform Engagement
- Act as a sector subject‑matter expert by contributing market insight to investment evaluation and portfolio positioning, supporting sourcing efforts alongside origination teams, and participating in client engagement, branding, marketing, and thought‑leadership initiatives that enhance franchise visibility.
- Stressed & Underperforming Asset Management
- Monitor and manage underperforming or watch‑list exposures by supporting borrower and sponsor engagement, assisting with remediation or restructuring strategies, coordinating internally on waivers or amendments, and ensuring timely escalation of credit issues.
Benefits
- Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness. Employees don’t accrue a bank of time off under FTO and there is no set number of days provided.
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What This Job Offers
Job Type
Full-time
Career Level
Director
Number of Employees
5,001-10,000 employees
