Blackstone Multi-Asset Investing (BXMA)- Credit Team, Principal

About the role

The Credit Strategy team at Blackstone Multi-Asset Investing (BXMA) is responsible for sourcing, underwriting, and monitoring investments across the capital structure throughout credit asset classes. Investments may take various forms, including allocations and partnerships with fund managers, operating platforms, co-investments, and direct investments.

Responsibilities

• Leading the sourcing and diligence of prospective investment strategies within the Credit space, including by engaging fund managers and industry participants, completing thematic market research, and underwriting specific investments with fund managers, co-investments, and direct investments across a wide range of asset classes.
• Leading investment due diligence, including quantitative analysis, detailed financial and/or cash flow modeling, scenario and sensitivity analyses, fundamental industry and market research, legal and tax assessments, and creating presentation materials for investment committees, clients, and other stakeholders.
• Structuring investments and funds/partnerships, considering investment objectives and parameters, counterparty alignment, downside protection, and legal and tax implications.
• Continuous evaluation of existing portfolio exposures (across fund investments, co-investments, and direct investments), including by tracking key exposures and risk factors, having regular conversations with fund managers and industry participants, and challenging/stress-testing investment theses.
• Leading investment committee presentations, regular portfolio discussions, and updates for senior management, clients, and other stakeholders.
• Developing strategies to improve and optimize investment diligence, monitoring, and reporting processes.

Qualifications

• Highest level of integrity and ethics
• Entrepreneurial, team-oriented mentality
• Strong communication skills, including demonstrable writing and presentation skills
• Excellent attention to detail
• Good judgment and confidence
• Experience working in a team environment and contributing to a positive team culture
• Experience completing ad hoc projects independently
• Prior programming experience is a plus but not necessary

Benefits

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.

Pay

Expected annual base salary range: $225,000 - $250,000

Schedule

Full-time