Blackstone Credit - Liquid Credit Strategies - Business Development Associate

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $975 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, Twitter, and Instagram.

Blackstone Credit – Liquid Credit Strategies, Business Development Associate

Business Unit: Credit

Business Unit Description:

Blackstone Credit is one of the world’s largest credit-focused asset managers, with $246 billion in AUM. We seek to generate attractive risk-adjusted returns for our clients by investing across the entire corporate credit market, from public debt to private loans. Our capital supports a wide range of companies across sectors and geographies, enabling businesses to expand, invest, and navigate changing market environments.

Job Title: Associate

:

The Liquid Credit Strategies Team (“LCS”) manages $100B in AUM across diversified portfolios of (fixed income) debt investments, primarily consisting of senior secured floating rate bank loans and high yield bonds of non-investment grade companies. The group manages and sub-advises 143 funds accounts in US and Europe, including Collateralized Loan Obligations, Separately Managed Accounts, Commingled Funds, Closed End Funds and Business Development Companies. LCS also invests in the debt and equity tranches of CLOs.

The Business Development Associate will help support and oversee relationships across a multitude of distribution partners, placement agents, internal distribution channels and consultants. The role also involves providing support to portfolio managers as they market our strategies, including refining product positioning and client materials by incorporating input from their client discussions. Responsibilities also include the coordination of PM travel with various client facing channels to ensure regular roadshows and effective meetings when in region.

The role also involves reporting progress on oversight and fundraising goals to senior management as well as oversight and implementation of key business development and business operations initiatives across the LCS platform.

This role involves significant coordination across various teams within Blackstone Credit including Portfolio Management, Institutional Client Solutions, Finance and Middle Office. The hire is part of a new team and will require proactiveness to propose new initiatives and flexibility to adapt to the business’ evolving needs and growth strategy.

The Associate will contribute to and work with the broader LCS business to:

• Work with Institutional Client Solutions in the development of marketing presentations for new products
• Perform ad hoc analyses and work on special projects as needed
• Research competitive landscape including strategies and product structures
• Perform ongoing analysis and diligence to formulate business plan, design products (returns, risk, cash flows, liquidity, structure, tax, operations), and assess financial impact to the firm
• Support operational implementation of new product and other strategic initiatives across the Credit functional teams
• Prepare presentations and memorandums for management and other key stakeholders
• Research, analyze and make recommendations regarding business and product opportunities across client segments and geographies
• Review progress of fundraising targets in various channels against results and identify inefficiencies
• Collaborate with internal stakeholders and project manage/drive execution of new initiatives

Qualifications:

Blackstone seeks to hire individuals who work well in a team-driven working group, are highly motivated, intelligent, have sound judgment and have demonstrated excellence in prior endeavors.

The successful candidate must have:

• Ability to adapt to new challenges in a dynamic environment while handling multiple projects
• Strong desire to work in an entrepreneurial environment
• Possesses a strong work ethic, personal and professional integrity, a positive attitude and genuine passion for excellence
• At least 4 years of related experience
• Ability to be a collaborative team player
• Prior Investment Banking (Credit or Asset Management) or Product Development / Fund management experience preferred
• Excellent interpersonal and communication skills, both written and verbal
• Undergraduate degree in Finance, Accounting or Economics with strong academic record
• Self-starter, highly organized, and detail-oriented
• Strong proficiency in Microsoft Excel and Microsoft PowerPoint

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position. Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Expected annual base salary range:

$120,000 - $125,000

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training. All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:

• Supervising or training securities licensed employees;
• Structuring or creating Blackstone funds/products; and
• Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.
• Attending client meetings where you are discussing Blackstone products and/or and client questions;
• Marketing Blackstone funds to new or existing clients;

Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis. Please speak with your Blackstone Recruiting contact with any questions.

To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.