EMEA Private Debt (Mid - Market) - Vice President - London

BlackRock•London, CA

2d•Hybrid

About The Position

About this role Business Unit Overview: The role will be within our Private Financing Solutions (PFS) team . This new platform brings together several leading franchises under one structure to serve client needs and deepen our role in the financing ecosystem. PFS is built to address the structural forces reshaping markets and deliver more complete solutions across public and private investments Private Credit: By combining HPS with BlackRock’s private credit business, we’ve created a private credit platform designed to meet the needs of clients with long-dated investment capital through unmatched investment expertise, product depth, and global scale. This $190 billion platform spans the full capital structure from senior to junior credit and includes a wide array of corporate-focused strategies, including direct lending, venture, growth, and distressed, as well as asset-based financing inclusive of real estate debt. PFS is positioned to deliver the risk/return profile, duration, yield, and flexibility our clients are looking for — and will operate alongside BlackRock’s $3 trillion public fixed income franchise that spans Fundamental Fixed income The European Middle Market Private Debt provides, on behalf of BlackRock’s clients and funds, mid-market companies with debt financing for acquisitions, capital growth, refinancings, LBO’s and liquidity situations. Role description: The Director/VP of European Middle Market Private Debt credit research will be responsible for structuring and assessing middle market direct lending investment opportunities across Europe. Partnering with the Origination team and private debt research analysts, she/he will be responsible for the fundamental credit analysis of direct lending investments made on behalf of our clients and funds for mid-market corporates in the UK and Western Europe as well as cross border transactions alongside BlackRock’s’ North American middle market direct lending teams. The European Middle Market Private Debt team provides mid-market companies with senior and subordinated financing solutions for acquisitions, capital growth, restructuring, LBO’s and liquidity situations. The platform spans debt investments across the capital structure, sustainable / impact and recurring revenue credit products. He or she will lead an effective fundamental credit research analysis and lead the investment process in partnership with the Portfolio Managers and other analysts in the team.

Requirements

Excellent credit skills demonstrated through prior relevant experience underwriting, structuring and executing direct lending/private debt and/or leveraged finance transactions
Sector expertise is an advantage ideally in Software and Technology
Ability to direct the structuring of a transaction, manage transaction process with internal and external parties and working with originators to complete investment opportunities
Strong financial modelling and legal documentation skills
Motivated team player and flexible in approach with ability to work independently
Must demonstrate integrity and alignment to BlackRock’s principles and commitment as a trusted fiduciary to our clients.
Flexible, responsive with keen attention to detail.
Open-minded thought process and intellectual honesty with an ability to dynamically adapt to coverage of different products
Excellent written and verbal communication skills – presents ideas in a clear, concise and constructive manner
Must be fluent in English and Dutch is highly desirable

Responsibilities

Conduct independent fundamental credit analysis, due diligence and approval of new investments
Calibrate financing needs and structures for prospective borrowers
Financial modelling of investment opportunities
Interact with management teams, private equity sponsors, industry sources, and other investment professionals
Seek solutions to deal structures and issues within the boundaries of fund parameters in co-ordination with the originator, internal functions and external participants
Lead role in the investment evaluation process including attendance at management presentations, review of due diligence reports, and preparation of internal investment proposals in conjunction with originators
Presents Portfolio Managers and Investment Committee with a clear and consistent approach to mitigate credit, legal, industry, ESG and other relevant risks
Champion selected investment opportunities (in coordination with Origination) through the investment process until completion
Provides input on or leads negotiation of terms and conditions for transactions and works with originator and legal to ensure appropriate structuring / documentation
Negotiation and review of transaction legal documentation and liaising with internal and external legal advisers
Ongoing monitoring of portfolio assets including waivers & amendments, contributing to the quarterly fund valuation process and reporting to investors.
Involvement in providing portfolio reports and analytics for internal and external use
Adhere to investment process and operational standards
Help identify/ manage operational risks and improve processes as relevant

Benefits

retirement investment and tools designed to help you in building a sound financial future
access to education reimbursement
comprehensive resources to support your physical health and emotional well-being
family support programs
Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about

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