Blackstone Credit & Insurance, Liquid Credit Strategies, Research - Principal

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.

Blackstone Credit & Insurance (“BXCI”)- Liquid Credit Strategies (“LCS”) Research - Principal

Employer:                              

Blackstone

Business Unit:

Blackstone Credit & Insurance

The Liquid Credit Strategies Team (“LCS”) manages $114B in AUM across diversified portfolios of fixed income investments, primarily consisting of senior secured floating rate bank loans and high yield bonds of non-investment grade companies. The group manages and sub-advises 166 funds accounts in US and Europe, including Collateralized Loan Obligations, Separately Managed Accounts, Commingled Funds, Closed End Funds and Business Development Companies. LCS also invests in the debt and equity tranches of CLOs.

Job Description:        

The LCS credit analyst is an integral part of the investment team.  The credit analyst will conduct fundamental credit analysis to identify attractive investment ideas and proactively communicate recommendations to Portfolio Managers.

The credit analyst will have the opportunity to work with a wide range of industries and investment types. As a result of the breadth of the experience, the credit analyst will develop a unique understanding of companies and capital structures. 

Responsibilities include:

• Evaluate new investments in the Primary and Secondary Markets performing thorough analysis of the Borrowers’ business, industry drivers, inherent credit risks, and valuation/recovery prospects.
• Formulate a clear and concise credit view in order to persuasively communicate recommendations to the Investment Committee (including CLOs, SMAs, BDCs, and Closed End Funds) both verbally and in writing.

• Diligently monitor companies in the assigned industry segments including through recent news, quarterly/annual earnings announcements, ratings changes, and legal requests. 

• Update financial models for the assigned portfolio companies on a quarterly basis.

Qualifications:                       

Blackstone seeks to hire individuals who are highly motivated, intelligent, and have demonstrated excellence in prior endeavors as well as:

• 8+ years of relevant work experience, ideally within corporate credit, public or private equity asset manager, sell-side corporate credit or equity investment research firm, or an investment bank in an advisory, capital markets or restructuring group.

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:

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: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

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 email Human Resources at [email protected].

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.
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