Vice President or Director, Restructuring & Workouts - Private Credit

Kayne Anderson Capital Advisors•Chicago, IL

18d•$175,000 - $250,000

About The Position

Kayne Anderson, founded in 1984, is a leading alternative investment management firm focused on real estate, credit, infrastructure, and energy. With a team defined by an entrepreneurial and resilient culture, Kayne Anderson’s investment philosophy is to pursue cash flow-oriented niche strategies where knowledge and sourcing advantages enable us to deliver above average, risk-adjusted investment returns. As responsible stewards of capital, Kayne Anderson’s philosophy extends to promoting responsible investment practices and sustainable business practices to create long-term value for our investors. Kayne manages $40 billion in assets (as of 12/31/2025) for institutional investors, family offices, high net worth and retail clients and employs 350 professionals. Kayne Anderson Private Credit (“KAPC”) is seeking a Vice President or Director to join its Restructuring & Workouts team. This individual will play a key role in managing stressed and distressed portfolio investments across KAPC’s middle market direct lending platform. The role is designed for a hands-on restructuring professional with a strong creditor-side orientation who can independently lead complex situations while partnering closely with deal teams, management teams, and external advisors. The position offers significant responsibility, including primary leadership of select credits and direct exposure to investment committee decision-making. This hire will be an integral part of a lean, high-impact team responsible for preserving and enhancing value across a diversified portfolio of middle market investments.

Requirements

5–10 years of relevant experience in: Restructuring advisory (e.g., FTI, Alvarez & Marsal, etc.)
Direct lending / private credit special situations or workouts
Credit restructuring groups at banks or investment firms
Experience working on the creditor / lender side is strongly preferred
Demonstrated involvement in complex restructurings, including liability management and distressed situations
Ability to independently lead transactions and workstreams, not just support execution
Strong understanding of capital structures, credit documentation, and restructuring frameworks
Experience with middle market companies, ideally in a direct lending context
Financial modeling expertise, including liquidity analysis, recovery modeling, and downside scenarios
Comfort operating in a lean, entrepreneurial environment with limited infrastructure

Nice To Haves

Hybrid background across advisory and investing roles, providing both technical and ownership perspectives
Experience engaging at the board or management level, particularly in operational or turnaround situations
Track record of managing multiple concurrent situations within a portfolio setting

Responsibilities

Lead restructuring and workout situations across KAPC’s portfolio, including both in-court and out-of-court processes (e.g., amendments, liability management, Chapter 11, and rescue financings)
Act as primary point of contact on select stressed/distressed investments, driving strategy, negotiations, and execution
Develop and evaluate restructuring strategies, including capital structure solutions, liquidity management, and downside protection scenarios
Engage directly with management teams, sponsors, and advisors, including participation in board meetings and creditor negotiations
Oversee financial analysis and modeling, including liquidity forecasting, recovery analysis, and valuation work
Coordinate internal stakeholders, including deal teams, investment committee, and senior leadership
Manage external advisors, including legal counsel, financial advisors, and consultants
Monitor broader portfolio trends, identifying early warning signals and proactively managing risk across credits
Support underwriting teams on stressed situations, amendments, and opportunistic secondary or rescue investments

Benefits

Competitive medical, dental, and vision insurance
Flexible spending accounts (dependent care, healthcare, limited purpose FSA)
Accident and Critical Illness insurance
Long Term Disability insurance
Competitive 401(k) benefits
Pet healthcare savings program
Member’s Only Healthcare - healthcare navigation
WellHub - corporate wellness platform
$10,000 lifetime reimbursement for family forming services (e.g. IVF, adoption, surrogacy)
Rocket Lawyer legal benefits
Reimbursement of professional society memberships and exam fees
Up to $10,000 matching annually for contributions to qualified non-for-profit organizations
Parental leave