About this role
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram. BXCI is one of the world’s largest credit-focused asset managers with $547 billion in AUM. BXCI seeks to generate attractive risk-adjusted returns for our clients by investing across the entire corporate credit market, including public credit, private credit and infrastructure & asset backed credit. Our capital supports a wide range of companies across sectors and geographies, enabling businesses to expand, invest, and navigate changing market environments.
Job Title: Senior Associate
Job Description: We are seeking a Senior Associate to work with the European Portfolio Strategy and Portfolio Insights Team that supports Blackstone’s Private Credit Platform. The European Portfolio Strategy Team centralizes and drives all aspects of day-to-day decision making and management for BXCI Private Credit Funds and SMAs. The Portfolio Strategy and Portfolio Insights Team work together to (i) pro-actively identify areas of risk and opportunity within the portfolio, (ii) establish and influence the investment ramp including investment pace and assets/strategy/sector mix, (iii) monitor fund by fund performance and asset performance with a top-down approach and focus on largest contributors, outperformers, and underperformers, (iv) develop and maintain fund models, (v) monitor, manage and stress test fund liquidity in collaboration with cross-functional support from BXCI finance/risk/capital markets teams, (vi) evaluate and drive key corporate decision making and strategic initiatives (capital planning, new strategies/products, strategic/platform acquisitions, other special projects), and (vii) work with ICS Product to support content creation related to credit markets and specifically, direct lending trends. Responsibilities: The Senior Associate’s main areas of responsibility include:
• Investment management & analytics: analytics to drive investment, portfolio, and fund related decisions: -Portfolio Construction (asset mix/details, sector concentrations, deployment, pipeline/repayments) -Balance Sheet (leverage/capital structure, capital raising, liquidity stress testing) -Return optimization by driving strategy around capital call timing, use of leverage facilities and working across functions to identify other areas of efficiency (e.g. cash management)
• Lead the day-to-day management of European direct lending funds. warehouses and SMAs, including investment allocations, liquidity forecasts, capital call/ distribution strategy, and related activities. • Develop platform-wide forecasts to project dry powder and deployment needs to help drive origination and financing strategies. • Develop and maintain certain fund models to track performance against forecasted returns, management fees and deployment ramp. Run scenario and ad-hoc analysis to predict capital needs and evaluate impact of portfolio structuring decisions. • Support/review investor-related reporting for covered funds, including but not limited to, quarterly presentations, portfolio data files, capital call forecasts and stress testing. • Partner with technology to design tools/dashboards and enhance automation. • Work with cross-functional teams (investment teams, capital markets, finance, risk, operations) to support day-to-day fund/portfolio level decisions. • Support content creation, research, and data analysis of certain private credit market trends and areas of risk/opportunities. • Identify and evaluate strategic opportunities that arise to support growth for BXCI's Direct Lending Platform. • Participate in and create materials for board and investor meetings, both internal and external facing. • Participate in meetings with fund and SMA investors to provide an update on portfolio performance • Involvement in monitoring asset and sector level-trends across our portfolio, and preparation of materials for senior management Qualifications Blackstone seeks to hire individuals who are highly motivated, have sound judgement and have demonstrated excellence in prior endeavors. In addition to strong analytical skills, the successful candidate should have:
• Bachelor’s Degree • Professional experience in investment banking, leveraged finance, accounting, credit research, advisory or related valuation or transaction services role (experience and familiarity with direct lending and/or leverage finance markets a plus) • Ability to work in a dynamic environment and handle multiple projects • Strong technical, analytical, financial modeling and quantitative skills • Detail-oriented, highly organized and keen attention to details • Possesses a strong work ethic, personal and professional integrity, a positive attitude • Highly self-motivated and intelligent with the ability to work effectively in a team environment; proactive and takes initiative • Ability to transform raw data into insight for the business • Excellent interpersonal and communication skills, both written and verbal
The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position. Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.
Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training. All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.
If you need a reasonable accommodation to complete your application, please contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).
Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:
• Attending client meetings where you are discussing Blackstone products and/or and client questions;
• Marketing Blackstone funds to new or existing clients;
• Supervising or training securities licensed employees;
• Structuring or creating Blackstone funds/products; and
• Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.
Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis. Please speak with your Blackstone Recruiting contact with any questions.
To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.