PGIM - Investment Analyst (Private Credit Secondaries)

About the role

The Private Credit Secondaries team at PGIM is seeking an Investment Analyst to join a differentiated role at the intersection of private credit and secondaries investing. The role involves bottom-up credit analysis of underlying borrowers, portfolio-level investing, and transaction structuring across LP-led and GP-led secondary opportunities.

Responsibilities

• Sourcing, due diligence, and execution of private credit secondaries transactions, including the acquisition of LP interests, GP-leds, and structured transactions
• Preparing detailed quantitative and qualitative analyses and investment memoranda within tight time constraints
• Extensive credit analysis and financial modeling of underlying borrowers and funds across several private credit asset classes, including direct lending, mezzanine, opportunistic credit, and infrastructure
• Actively monitoring existing investments, including regular interaction with managers of underlying investments and valuation updates
• Collaborating with the broader team on deal sourcing, fundraising efforts, and other strategic initiatives

Requirements

• Bachelor's degree in Finance, Accounting, Economics, or related field
• 1-2 years of experience in private credit, direct lending, mezzanine investing, credit secondaries, or equity secondaries
• Strong underwriting and financial modeling experience, including transaction analysis and due diligence
• Familiarity with private credit fund structures and/or secondary investment transactions
• Excellent analytical, communication, and interpersonal skills with exceptional attention to detail

Qualifications

• Experience working with originations or investment execution
• Participation in the Chartered Financial Analysts ® (CFA) program a plus

Skills

• Strong analytical and financial modeling skills
• Excellent communication and interpersonal skills
• Attention to detail

Benefits

• Market competitive base salaries
• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave
• 401(k) plan with company match (up to 4%)
• Company-funded pension plan
• Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs
• Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development
• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs
• Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period)

Pay

The salary range for this role is from $90,000 to $100,000. Specific pricing for the role may vary within the above range based on many factors including geographic location, candidate experience, and skills.

Schedule

This is a hybrid role based in New York City, where the team is on-site 3 times a week.