Role: Private Credit Direct Lending Associate
Location: Philadelphia Pennsylvania
About the Job
The private credit fund is seeking to expand its team to meet the needs of its growing client base. Built on collaboration, teamwork, and integrity, the firm is committed to pursuing excellence and doing the right thing. It invests in its employees, clients, and partner relationships, as well as in the technology and resources necessary to remain competitive, fostering a dynamic environment that inspires innovation.
What the Private Credit Fund Does
As a recognized leader in providing private markets solutions globally, the fund manages approximately $120.2 billion in discretionary assets and oversees an additional $782.9 billion in non-discretionary assets as of December 31, 2023.
The Opportunity
The Associate will evaluate credit-oriented investment opportunities through a direct credit model. The Direct Credit Team manages approximately $3 billion in discretionary capital, investing across a diverse range of geographies (domestic and international) and industry sectors.
Responsibilities Include:
- Performing fundamental credit analysis and in-depth company-specific due diligence.
- Monitoring existing investments by analyzing and reporting on portfolio companies' financial results.
- Creating and assessing complex financial models.
- Preparing detailed credit memoranda.
- Presenting investment opportunities to senior executives of the firm.
- Supervising analysts on the team in the performance of their duties.
- Assisting in prospective and existing client meetings.
- Supporting legal documentation related to closing investments.
- Conducting industry research, articulating opinions, and writing clear, concise memoranda on investment opportunities.
Qualifications and Skills:
- Relevant credit investment experience at an investment bank, BDC, high-yield or leveraged loan fund, or private credit manager.
- Strong credit background, with proficiency in all phases of capital structure analysis, including valuation analysis of leveraged loans, high-yield bonds, distressed securities, and private debt investments (Senior and Junior).
- Team-oriented approach with the ability to interact productively across multiple verticals within the organization.
- Excellent written, oral communication, and interpersonal skills.
- Demonstrated interest and commitment to private markets investing.
- Strong work ethic and professional demeanor.
- Willingness to work 50+ hours per week and travel 10%+ of the time.
