Private Credit, Direct Lending Investment Professional - Associate
About this role
About BlackRock Private Credit
BlackRock has built industry-leading private credit capabilities over the past 20 years, seeking to deliver attractive results throughout market cycles. Our platform provides a whole portfolio approach to investing across the risk/return spectrum, leveraging our global scale to deliver investment solutions that meet our clients' needs. Deep and experienced teams deploy capital in direct lending, opportunistic and event-driven strategies, providing solutions across U.S., European and Asian private markets. As of September 30, 2023, BlackRock manages US$84 billion on behalf of Private Credit clients globally.
About US Private Capital
BlackRock US Private Capital ("USPC") is the team within BlackRock Private Credit focused on providing innovative capital solutions to US middle market companies through directly originated investments that generate attractive risk-adjusted returns. As of December 31, 2023, the team has invested more than $40bn in capital across more than 1,000 transactions over a 23+ year track record, on behalf of a broad slate of global clients. The USPC team based in San Francisco leads the Growth and Late-Stage lending strategy focused on investing in high-growth technology and software companies.
About the Role
We are seeking an Associate-level investment professional to be responsible for identifying and underwriting new investments, monitoring existing positions, as well as broader fund performance reports. The candidate could have the opportunity to participate in our Growth and Late-Stage lending strategy alongside our core middle-market strategy. This position will report into US Private Capital leadership and partner with other professionals within the organization. Candidates should have a background in credit investing with the research and modeling skills to underwrite and monitor existing investments. Critical to the individual's success will be their investment judgment, ability to work constructively with investment partners, willingness to take initiative, resourcefulness and intellectual curiosity.
Job Responsibilities:
- Research industries, companies and create detailed financial models to highlight relevant metrics to be used in the investment decision-making process.
- Produce quality analysis of company and diligence information to support investment conclusions.
- Develop accurate, flexible financial models / scenario analysis.
- Preparation of concise, accurate and complete investment memoranda.
- Actively monitor existing portfolio names.
Requirements / Qualifications:
- Undergraduate degree with strong academic background.
- 2-5 years of relevant experience in investment banking, direct lending, venture lending or private debt investing (preference for software and technology experience but not mandatory).
- Superior analytical, thinking, and communication (oral and written) skills.
- Candidates must be comfortable participating in diligence meetings with senior management; portfolio companies, sponsors and other investment professionals.
- Motivated, self-starter that seeks problem-solving situations.
- Must be able to work in a team-oriented environment and show ability to quickly climb the learning curve.
For California only the salary range for this position is $115,000 - $180,000. Additionally, employees are eligible for an annual discretionary bonus, and benefits including health care, leave benefits, and retirement benefits.
Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.
Our hybrid work model
BlackRock's hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities.
About BlackRock
At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children's educations, buying homes and starting businesses.
BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
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