Private Credit Associate, Strategic Advisers

Fidelity Investments•Boston, MA

57d•$100,000 - $200,000•Hybrid

About The Position

Strategic Advisers, LLC (SAI) is a registered investment advisor and wholly owned subsidiary of FMR LLC that provides investment management services to clients through Fidelity's retail and institutional distribution channels. For more than 25 years, SAI has specialized in asset allocation solutions, as well as crafting methodologies for many of Fidelity's investment planning tools to help investors reach their financial goals. With over $1 trillion in assets under management, the SAI team of investment professionals builds and manages asset allocation portfolios for over three million customer accounts. SAI has established a growing team to source, underwrite and execute private market investments across private equity, private credit, and real assets. This team will be supporting a new product offering enabling Fidelity SAI clients to access private market investments. The Private Markets Research team seeks to originate and evaluate private investment managers and investment opportunities which we believe will outperform public market alternatives through skilled value creation and investment selection. In this role, you will work under the guidance of senior team members and the Private Credit Portfolio Manager to perform investment manager and market research. As an initial core member of the Private Credit Research team, you will support the sourcing, due diligence, monitoring, investor reporting, and execution of private credit investments. This role will have an initial focus on Direct Lending, with exposure to various private credit investment strategies and geographies over time.

Requirements

Bachelor's degree required; CFA or progress toward CFA a plus
3+ years of relevant investment experience; performing private credit manager due diligence preferred, co-investment diligence experience a plus
Solid understanding of private credit market fundamentals, credit principles, and capital structures
Leveraged finance or credit-oriented fundamental company analytical and LBO modeling skills
Strong research, analytical and technical skills with a problem-solving mentality and an orientation to detail
Proven communication and presentation skills with an ability to discuss issues in a clear, concise manner
Ability to work collaboratively in a team environment
Strong proficiency in Excel and Microsoft Office, as well as private market research/benchmarking tools

Nice To Haves

CFA or progress toward CFA
performing private credit manager due diligence
co-investment diligence experience

Responsibilities

Sourcing
Due diligence
Monitoring
Investor reporting
Execution of private credit investments

Benefits

comprehensive health care coverage and emotional well-being support
market-leading retirement
generous paid time off and parental leave
charitable giving employee match program
educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career

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