Special Sits Investing Mandate – Associate/ Vice President
About the role
Our Fundamental Strategies platform at Sixth Street is an opportunistic investment strategy primarily focused on stressed and distressed credit and other special situations in the public markets. It is set up to utilize an industry-agnostic, value-oriented approach to identify and invest in the most attractive risk/return opportunities across themes, sectors, geographies and asset classes matching the firm’s flexible, long-term capital base. The strategy has been core to the firm since inception.
Responsibilities
- Analyze themes and identify investment opportunities across industries and capital structures primarily in stressed and distressed credit
- Conduct detailed quantitative and qualitative analysis, with a focus on risk and return, in order to underwrite potential stressed and distressed investments across a wide variety of industries, asset types and investment strategies
- Perform detailed financial modeling of potential investments and lead due diligence efforts
- Analyze financial statements, financing terms, covenants, legal/bankruptcy documents, restructuring plans, capital/corporate structures, industry trends, market technicals and other items related to stressed and distressed investments
- Work effectively with a variety of counterparties including attorneys, brokers, bankers, and consultants as required to evaluate, source, negotiate, and/or structure investment transactions
- Manage portfolio investments and restructurings
- Serve as a key contributor to overall business building efforts as part of this growing team, which may include the opportunistic formation of additional investment vehicles
- Prepare investment memoranda to outline investment thesis with supporting financial analysis, research and overview of investment risks and return
Requirements
- Relevant investing experience within private equity, public credit or stressed and distressed credit - depth of knowledge of credit and special situations underwriting
- Excellent work ethic and high degree of professionalism
- Commitment to a team and goal-oriented environment
- Strong attention to detail, ability to multi-task and work effectively in a fast-paced, dynamically changing environment
- Strong ethical standards and integrity
Pay
The annualized base pay for this position is expected to be between $175,000 - $225,000.
About Sixth Street
Founded in 2009, Sixth Street is a leading global investment firm dedicated to developing themes and offering solutions to companies across all stages of growth. Our firm is designed for cross-platform collaboration at scale: we build businesses, invest for growth, acquire assets, provide direct financing, identify value in public markets, purchase royalty streams, and regularly develop first-of-their-kind structures to meet the strategic objectives of management teams. We do all this globally and as one unified team of investment and control-side professionals working on behalf of our institutional investors and their beneficiaries around the world. We believe adhering to our core values is a competitive advantage. Everyone on our team contributes their perspectives and expertise to help us solve complex challenges and get to the right answer. At Sixth Street, the best idea wins.