Private Credit Associate

Role Overview

The Private Credit Associate will be based in New York, NY and play a pivotal role in evaluating and executing investment opportunities in private credit markets. This role involves thorough analysis of sponsor-backed leveraged buyouts, refinancings, recapitalizations, growth financings, and other opportunistic credit scenarios.

Key Responsibilities

• Conduct in-depth analysis of investment opportunities including leveraged buyouts, recapitalizations, refinancings, and growth financings.
• Develop and update comprehensive three-statement operating models, debt sizing and LBO models, and downside case scenarios.
• Perform detailed credit underwriting encompassing business and industry evaluations, historical financial analysis, cash flow forecasting, capital structure assessments, recovery and covenant analysis.
• Collaborate closely with management teams, private equity sponsors, lenders, consultants, and legal advisors throughout due diligence processes.
• Compile and present investment committee memoranda and advise senior investment professionals on recommendations.
• Participate in negotiating loan agreements, covenants, pricing, and terms with borrowers and outside counsel.
• Oversee transaction execution by coordinating with investment banks, sponsors, lawyers, and other relevant financing parties.
• Manage ongoing portfolio monitoring activities including reviewing financial performance metrics, compliance certificates, amendments, and refinancing prospects.
• Assist with portfolio valuation processes and prepare quarterly reports.
• Provide mentorship to analysts and actively engage in knowledge sharing within the team.

Qualifications

• 2 to 4 years of relevant experience in investment banking, leveraged finance, restructuring, private credit, or direct lending roles.
• Advanced skills in financial modeling and accounting principles.
• Proficiency in analyzing complex leveraged capital structures and credit documentation.
• Capability to distill extensive data into clear and concise investment recommendations.
• Strong written and verbal communication skills.
• Bachelor’s degree with notable academic achievements.

Preferred Background

• Experience with Leveraged Finance, Financial Sponsors Coverage, Mergers & Acquisitions, Restructuring, Direct Lending, Private Debt, and Credit Research.