Blackstone Multi-Asset Investing (BXMA)- Credit Team, Associate
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 Overview:
Blackstone Multi-Asset Investing (BXMA) manages $101 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.
Role:
Blackstone Multi-Asset Investing (BXMA) - Credit Team, Associate
Role Overview
The Credit Strategy team within BXMA invests across the global credit landscape, sourcing and underwriting opportunities throughout the capital structure across both public and private markets. Investments span partnerships with fund managers, operating platforms, co-investments, and direct investments.
The team is seeking a highly analytical and eager Investment Associate who is excited to work across a broad opportunity set. The Associate will play a central role in underwriting investments, building complex financial models, and conducting thematic strategy research.
This role offers exposure to a wide range of asset classes including structured credit, corporate credit, asset-based finance, and real assets.
Key Responsibilities:
Investment Sourcing & Underwriting
• Working with broader team to source and conduct due diligence for prospective investments within the Credit space, including sourcing and underwriting public and private strategies across a wide range of asset classes.
• Performing deep dive due diligence on fund managers, companies, and/or assets, including creating detailed financial models and scenario analysis and researching industries and themes
Portfolio Analysis
• Continuous evaluation of existing portfolio exposures (across fund investments/partnerships, direct investments, and co-investments), including tracking key positions, themes, and exposures within portfolios, regular conversations with fund managers and industry participants, and challenging/stress-testing investment theses.
• Developing tools to process and analyze large data sets for individual investment underwriting as well as broader portfolio construction analyses.
Structuring
• Assisting in structuring investments across partnerships, funds, co-investments, and direct transactions.
• Analyzing legal documentation, covenant structures, and transaction terms.
Senior-Level Leadership Presentation
• Creating materials for investment committees, regular portfolio discussions, and updates for senior management and external investors.
Qualifications
Blackstone seeks to hire individuals who are highly motivated, diligent, and who have demonstrated excellence in prior endeavors. In addition to strong analytical and quantitative skills, the successful candidate should meet the following qualifications:
• 3+ years of experience in investment banking, leveraged finance, credit investing, structured products, or a hedge fund / asset management platform
• Strong financial modeling skills with advanced proficiency in Excel and PowerPoint
• Strong written and verbal communication skills
• Intellectually curious with a deep interest in markets
• Self-starter, independently drive analysis and develop investment views
• Team-oriented, collaborating across investment teams
• Programming or data analysis experience (Python, SQL, VBA, or similar) is a strong plus
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.
Expected annual base salary range:
$110,000 - $125,000
Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.
Additional compensation and benefits offered in connection with the role consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone's 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.
