Blackstone Credit - Liquid Credit Strategies Associate (NY)

Job Description:

Business Unit Overview:

Blackstone Credit is one of the world's largest credit-focused asset managers, with $154 billion in AUM. We seek to generate attractive risk-adjusted returns for our clients by investing across the entire corporate credit market, from public debt to private loans. Our capital supports a wide range of companies across sectors and geographies, enabling businesses to expand, invest, and navigate changing market environments.

The Liquid Credit Strategies Team ("LCS") manages $78.5B 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 over 132 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 Title:

Industry Credit Research Associate

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 develop both quantitative and qualitative skills through the investment process and will have the opportunity to gain exposure to 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:

• Diligently monitor companies including recent news, quarterly/annual financial statements, ratings changes, Amendments and Waivers.

• 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.



Qualifications:

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

• 3+ years of investment research experience, ideally from a credit-oriented fund manager, leverage finance and/or investment banking desk, or CLO platform.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, disability, sexual orientation, national origin or any other category protected by law.

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).

The Blackstone Group and its affiliates provide equal employment opportunity to all qualified employees and applicants for employment regardless of 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 classification prohibited by applicable law.

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