PM Associate, Private Credit
About The Position
Established in 1984, Bain Capital is one of the world's leading private investment firms with approximately $105 billion in assets under management. Bain Capital manages a range of strategies including private equity, public equity, credit, venture capital, real estate, life sciences, and impact investments. Our competitive advantage is grounded in a diligence-intensive, value-added investment approach that enables the firm to deliver industry-leading returns for its investors. Headquartered in Boston, Bain Capital has offices in Chicago, Dublin, Guangzhou, Hong Kong, London, Madrid, Melbourne, Mumbai, Munich, New York, Palo Alto, San Francisco, Seoul, Shanghai, Sydney, and Tokyo. BAIN CAPITAL CREDIT OVERVIEW Bain Capital Credit is a leading global credit specialist with approximately $53 billion in assets under management. We invest across the full spectrum of credit strategies, including asset-based finance, direct lending, leveraged loans, high-yield bonds, non-performing loans, real estate and other hard assets and equities. Through a wide diversity of mandates, we have the ability to invest in every level of a company or asset’s capital structure from secured debt to equity and can provide holistic solutions to growing companies with unique financing needs. Our investment process is characterized by detailed business and financial analysis and a culture of vigorous debate. We combine a consulting-based approach to industry, competitor, and business analysis with an in-depth examination of a target company’s financial performance and capital structure. Our goal is to select the best industries, the best companies, and the best relative value among the many securities each company offers. Bain Capital Credit has a world-class team of over 110 investment professionals with extensive experience analyzing and managing high-yield investments. PRIVATE CREDIT GROUP Bain Capital Credit’s Private Credit Group evaluates investment opportunities across the spectrum in the middle market, or typically companies with $10-150M of EBITDA located in North America, Europe and Asia Pacific. With a dedicated global team of over 40 investment professionals, we can lead investments across the capital structure in senior secured first lien, second lien and unitranche loans, subordinated debt, and preferred or common equity co-investments. Our dedicated global team affords us the ability to diligence the most complex situations and provides private capital to those companies. PORTFOLIO MANAGEMENT TEAM The Portfolio Management Team works directly with senior management on group strategy and fund positioning, with a focus on asset allocation, return optimization, risk management, liability management and fund analysis. The Private Credit Group has $21 billion AUM today across two business development companies, Bain Capital Specialty Finance, Inc. (NYSE: BCSF) and Bain Capital Private Credit (BCPC), the flagship Global Direct Lending and Middle Market Credit Partners funds, as well as several other separately managed accounts, Private Credit CLOs and structured fund products. We are looking to hire an Associate.
Requirements
- Strong academic credentials and a demonstrated track record of professional high performance
- Minimum 3-5 years of experience with a strong preference for prior credit market experience including leveraged lending, private credit or structured credit experience
- Excellent communication skills; able to synthesize complicated analyses concisely and articulate conclusions in a compelling manner. Open to spirited debate over ideas.
- Strong financial statement analysis and modeling abilities.
- Strong understanding of public and private capital markets, corporate securities and capital structures
- High agility and an ability to multi-task and work across the organization on a wide range of workstreams and deliverables.
Nice To Haves
- Experience with middle market direct lending, or CLO or other structured / financing products is a plus
Responsibilities
- Analyze current portfolio positioning and capitalization across funds and managed accounts in the firm’s Private Credit strategies
- Support in evaluating, structuring, and executing on funds, structured funds (rated notes, collateralized fund obligations), financing structures (SPVs, CLOs) and other structured products
- Contribute to the assessment and execution of strategic growth planning initiatives within the Private Credit Group
- Build and maintain complex financial models of the Private Credit Group’s funds and managed accounts
- Generate the analytical framework used by the portfolio management team, investors, and other related parties
- Conduct a wide range of research and analysis for use in portfolio management, investor requests and internal analytics
- Communicate with senior management and investors on current portfolio construction and return information
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
