Principal, Alternative Credit (Fund Finance)
About The Position
Ares’ Alternative Credit strategy targets various types of asset-focused investments where diversified pools of assets (rather than corporate earnings) generate the cash flows upon which the Team’s investments are based. Alternative Credit invests across a spectrum of liquid and illiquid opportunities that include various specialty finance sectors, fund finance, net leases, structured products, cash flow streams (e.g. royalties, licensing, management fees), and other asset types. Alternative Credit has a broad range of sub-strategies designed to be client-focused and solutions-based with three main formats: pure play, customized and flagship funds. We are currently seeking a Principal to join the alternative credit team in New York focused on fund finance origination and structuring. The Principal will focus on a variety of core fund finance responsibilities including: identifying and developing relevant Sponsor relationships, gathering market intelligence, sourcing new investment opportunities, negotiating, structuring & helping to execute fund finance transactions, developing and coordinating various branding initiatives. The accelerated AUM growth in recent years combined with the growth of activity in the Fund Finance sector has created an immediate need to enhance the groups US origination capabilities. This new hire will compliment the existing market leading fund finance franchise.
Requirements
- Bachelor’s Degree or international equivalent required
- Minimum of 8+ years’ experience at a top investment firm, investment bank, advisor or similar organization, which might include experience in fund finance, leveraged finance, buy-side M&A, structured product sales/syndications and/or principal investing experience.
- Strong intellect with outstanding quantitative and qualitative analytical skills; strong knowledge of finance and accounting
- Understanding of loan / transaction documentation – commitment letters, term sheets and credit agreements
- Excellent writing, analytical and presentation skills
- Demonstrated competency in financial statement analysis, business valuation, accounting and finance.
- Superior networking skills and ability to source valued information
Responsibilities
- Sponsor Relationship Development : Assist with identifying and maintaining US based Sponsor relationships
- New Deal Origination: Facilitate sourcing new deal flow across US Sponsor network with a focus on (but not limited to) fund finance transactions
- Structuring/Execution: Play an integral role in negotiating, structuring and executing on transactions as part of the Deal team
- Syndication: Distribute originated risk within the firm and/or externally as needed
- Branding: Brand development including conferences, panels, social events etc
Benefits
- Comprehensive Medical/Rx, Dental and Vision plans
- 401(k) program with company match
- Flexible Savings Accounts (FSA)
- Healthcare Savings Accounts (HSA) with company contribution
- Basic and Voluntary Life Insurance
- Long-Term Disability (LTD) and Short-Term Disability (STD) insurance
- Employee Assistance Program (EAP)
- Commuter Benefits plan for parking and transit
- access to a world-class medical advisory team
- a mental health app that includes coaching, therapy and psychiatry
- a mindfulness and wellbeing app
- financial wellness benefit that includes access to a financial advisor
- new parent leave
- reproductive and adoption assistance
- emergency backup care
- matching gift program
- education sponsorship program
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What This Job Offers
Job Type
Full-time
Career Level
Principal
Number of Employees
1,001-5,000 employees
