Credit Secondaries Managing Director / Principal – Strategic Partners

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. 

Business Unit Overview

Blackstone Strategic Partners is a global leader in illiquid fund investing, with $100B of Assets Under Management. We offer a range of liquidity opportunities to both limited and general partners, including secondaries, GP Stakes and co-investments across private markets. Founded in 2000, we are one of the world’s largest and most established secondaries platforms spanning private equity, infrastructure and real estate asset classes.

Job Description

The team is looking to hire a NY based Managing Director or Principal to focus on the credit secondaries strategy. Strategic Partners provides the opportunity to join one of the most active and long-tenured investment teams in the secondaries industry. The hire will be responsible for sourcing, analyzing and executing investments in credit portfolios and funds across all private credit asset classes. The hire will work on secondary LP portfolio transactions, GP-led continuation funds and other structured deals. Additionally, the Managing Director or Principal will fundraise and meet with current and prospective investors.

The role offers a compelling opportunity to help build and develop the growing credit vertical within Strategic Partners, providing meaningful exposure to the evolution of the platform and broader business-building initiatives.

Responsibilities:        

• Overseeing a team, managing all aspects of the deal process, due diligence and closing
• Negotiating and structuring transactions effectively within tight time constraints
• Prepare internal memoranda and other materials to support investment recommendations
• Monitor investments to communicate strategy and performance with existing and prospective investors

Qualifications                                

Blackstone seeks to hire individuals who work well in a team-driven working group, are highly motivated, intelligent, have sound judgment and have demonstrated excellence in prior endeavors. In addition to strong analytical and quantitative skills, the successful candidate should have strong communication skills, demonstrated excellence in written communication and a desire to work both independently and collaboratively in a lean and growing team.  The ideal candidate will have 10+ years of private credit experience.

The successful candidate must be:

• Proven management skills and capable of leading/managing multiple projects simultaneously
• A driven individual with a strong sense of professional integrity

• Self-motivated and resourceful, consistently managing multiple priorities while delivering results.

• An enthusiastic team member who collaborates well with others and builds strong working relationships
• An articulate communicator who also recognizes the importance of listening
• Resilient, flexible, open to feedback and focused on achieving excellence
• Client-focused and committed to developing creative solutions
• Analytical and logical, with raw intellectual ability and exceptional judgment

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 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.
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