IGPC Deal Lead

Wellington Management•New York, NY

2d•Hybrid

About The Position

As part of the continued expansion of our Private Investing capabilities, we are seeking to recruit a Deal Lead to join our Investment Grade Private Credit (IGPC) team. Wellington has been investing in private markets since 2003, and the Firm launched its first dedicated private capital fund in 2014. Today, the private investment teams manage approximately $11 billion in assets in aggregate across private growth equity, venture capital and private credit, and it is the fastest growing investment group within Wellington. The Deal Lead will work closely with the senior investment team across all aspects of the deal process, including originating, underwriting, structuring, executing, and monitoring globally sourced privately placed debt securities, with a focus on structured and asset-backed transactions. This individual will leverage an established network across banks, sponsors, advisors, and issuers to drive differentiated deal flow. The role requires demonstrated experience executing complex structured and asset-backed private placements, including collateral analysis, structural review, cash flow modeling, and legal documentation assessment. The Deal Lead will originate and evaluate investment opportunities, conduct in-depth due diligence, develop investment recommendations, and oversee credits through their lifecycle. Responsibilities include ongoing portfolio monitoring, assessment of structural performance and covenant compliance, and support of strategic investment decisions in partnership with investment and legal teams.

Requirements

Analytical acumen, modeling, research, and passion – The ideal candidate will have strong financial modeling and analytical skills, and the ability to synthesize complex information into clear, well-supported investment recommendations. The ability to synthesize disparate information, identify the most important elements, and arrive at a conclusion is required. In addition, the Deal Lead will emphasize fundamental/thematic, research-driven approach to underwriting asset-backed structures and the ability to implement those ideas through a highly analytical and detailed approach. The successful candidate would have exposure to portfolio management, amendments and potential restructurings as well.
Superior collaboration and influencing skills – The Deal Lead will be a self-directed, hard-working team player, who contributes to the investment efforts of the IGPC team. The successful candidate will build strong relationships with issuers, industry contacts, financing partners, clients and prospects, as well as internally with colleagues on the investment and legal teams. The ability to take risks and challenge investment views is critical, as is the humility to admit mistakes and a desire to learn from others. The Deal Lead must recognize the benefits of diverse perspectives. The ability to communicate (both verbally and in writing) and contribute to an open investment dialogue is required.
Intellectual curiosity, capacity for differentiated thinking, and a growth mindset – The flexibility and openness to continue learning, evolving, and growing as a Deal Lead is important. The Deal Lead will have a global perspective and creative approach for analyzing private placement transactions. Success in this role will open progression opportunities within the IGPC team and broader Wellington.
A minimum of 7 years of relevant buy- or sell-side experience in structured finance private debt or credit research, with a focus on structured and asset-backed securities.
Strong academic credentials: an undergraduate degree in finance, economics or accounting is preferred;
Strong bottom-up fundamental approach to research
Demonstrated expertise in utilizing AI tools to accelerate market, industry, and issuer research, summarize large data sets, and identify patterns that enhance underwriting and monitoring workflows
Established network in the private debt and structured credit ecosystem including issuers, industry peers, and financing partners
Track record of developing, negotiating, and monitoring bespoke covenants
Strong work ethic and attention to detail
Ability to organize, manage, and prioritize time well
Demonstrated ability to work independently and make decisions in the face of uncertainty
Independence of thought, an entrepreneurial nature, and a global perspective
Sound judgment, strong work ethic and highest personal and professional integrity
Willingness to travel

Responsibilities

ongoing portfolio monitoring
assessment of structural performance and covenant compliance
support of strategic investment decisions in partnership with investment and legal teams

Benefits

retirement plan
health and wellbeing
dental
vision
pharmacy coverage
health savings account
flexible spending accounts and commuter program
employee assistance program
life and disability insurance
adoption assistance
back-up childcare
tuition/CFA reimbursement
paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)