Blackstone Multi-Asset Investing (BXMA)- Credit Team, Principal

Blackstone • New York, NY

4d

About The Position

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X, and Instagram. Business Unit Overview: Blackstone Multi-Asset Investing (BXMA) manages $90 billion across a diversified set of businesses. We strive to generate attractive risk-adjusted returns for our clients across market cycles. Our strategies include Absolute Return, Multi-Strategy, Total Portfolio Management, and Public Real Assets. Job Title: BXMA- Credit Team, Principal Job Description: The Credit Strategy team is responsible for sourcing, underwriting, and monitoring investments across the capital structure throughout credit asset classes (e.g., investment grade and high-yield bonds, leveraged loans, structured equity, mortgage-related credit, asset-backed securities, specialty finance, real assets, etc.). Investments may take varying forms, including allocations and partnerships with fund managers, operating platforms, co-investments, and direct investments. The potential investment universe is broad (including public and private investments), and the team operates with a highly entrepreneurial and flexible investment approach. VPs and Principals are expected to lead investment sourcing and underwriting, monitor existing investments, lead investment presentations (for investment committees, clients, and other stakeholders), and communicate with external partners as well as other BXMA teams.

Requirements

• Blackstone seeks to hire individuals who are highly motivated, diligent, and who have demonstrated excellence in prior endeavors.
• Candidates will ideally have 5+ years of relevant work experience (e.g., investment banking, leveraged finance, credit trading, investment management, etc.).
• In addition to strong analytical and quantitative skills, the successful candidate should have the following qualifications:
• Entrepreneurial, team-oriented mentality
• Strong communication skills, including demonstrable writing and presentation skills
• Strong leadership skills
• Excellent attention to detail
• Good judgement and confidence
• Experience working in a team environment and contributing to a positive team culture
• Experience completing ad hoc projects independently

Nice To Haves

• Prior programming experience is a plus but not necessary

Responsibilities

• Leading the sourcing and diligence of prospective investment strategies within the Credit space, including by engaging fund managers and industry participants, completing thematic market research, and underwriting specific investments with fund managers, co-investments, and direct investments across a wide range of asset classes.
• Leading investment due diligence, including quantitative analysis, detailed financial and/or cash flow modeling, scenario and sensitivity analyses, fundamental industry and market research, legal and tax assessments, and creating presentation materials for investment committees, clients, and other stakeholders.
• Structuring investments and funds/partnerships, considering investment objectives and parameters, counterparty alignment, downside protection, and legal and tax implications.
• Continuous evaluation of existing portfolio exposures (across fund investments, co-investments, and direct investments), including by tracking key exposures and risk factors, having regular conversations with fund managers and industry participants, and challenging/stress-testing investment theses.
• Leading investment committee presentations, regular portfolio discussions, and updates for senior management, clients, and other stakeholders.
• Developing strategies to improve and optimize investment diligence, monitoring, and reporting processes.

Benefits

• comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits
• paid time off
• life insurance
• 401(k) plan
• discretionary bonuses

What This Job Offers

• Job Type: Full-time
• Career Level: Principal
• Education Level: No Education Listed