MSIM Private Credit Liability Management Associate
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About The Position
Morgan Stanley Investment Management (MSIM) is seeking a Private Credit Liability Management Associate to join its dynamic team in New York. This role is integral to the MSPC Finance team, which is responsible for the negotiation, structuring, execution, and management of fund-level financing solutions across various Direct Lending funds and separately managed accounts. The Associate will work closely with the CFO of the direct lending platform and the Head of Capital Markets to execute a range of financing solutions, including subscription-lines, corporate revolvers, asset-based facilities, securitizations, unsecured bonds, and bespoke financing solutions tailored for different direct lending funds. In this position, the Associate will prepare internal documentation and presentations, including board approval presentations for new and amended transactions. They will also maintain borrowing base calculations and other monthly and quarterly lender reporting requirements, ensuring accuracy and timeliness in all reporting. Coordination with asset-based lenders for asset-level approvals prior to asset inclusion in SPV financing vehicles is a key responsibility, as is liaising with MSPC deal teams to address lender inquiries and data requests. The Associate will collaborate with the MSPC finance team to clarify the accounting implications of new or amended financing arrangements on fund performance. Additionally, they will work with third-party administrators, collateral agents, and custodians to review monthly and quarterly waterfalls and borrowing bases. The role also involves coordinating with fund operations regarding the timing and availability of fund borrowings and repayments, as well as engaging with rating agencies to obtain relevant issuer or portfolio company ratings or credit estimates.
