Alternative Credit

Our elite global Financial Services client is seeking to recruit several Associate/VP level Credit Analysts to analyze and evaluate middle market corporate loans, senior secured direct lending investments and private  credit backed loan portfolios.

Responsibilities:

• Analyze and evaluate middle market corporate loans, senior secured direct lending investments and private credit backed loan portfolios
• Build and maintain complex financial models to assess collateral, cash flow, loan portfolio stress testing, and credit structures
• Author and publish credit research focused on corporate portfolio finance, direct lending, and the structured credit markets
• Interact with and conduct due diligence meetings with asset managers, direct lenders, arrangers, and other middle market corporate loan issuers
• Assess assess underwriting standards, portfolio management practices, risk management frameworks, and performance metrics
• Assist with and/or lead ongoing monitoring and transaction surveillance analyzing portfolio performance, credit migration, and concentration trends
• VP level analysts will supervise, mentor and professionally develop junior team members
• Assist in developing analytical tools
• Prepare credit memoranda and reports for internal credit committee presentations

Requirements:

• Bachelor’s Degree
• Associate Level: 2+ years of relevant corporate credit analysis experience
• VP Level: 8+ years of credit analysis experience analyzing various debt instruments backed by portfolios of middle market corporate loans, private fund investments and/or corporate loans, notes, and bonds
• Advanced Excel, financial modeling and cash flow analysis skills
• Demonstrated ability to analyze creditworthiness of fixed income, corporate loan and/or bond investments
• Advanced communication, presentation and business writing skills

Our elite global Hedge Fund client is seeking to recruit an lateral VP level Investor to source, evaluate, underwrite and execute a variety of special situations and alternative credit investments with a primary focus on litigation finance, legal assets, tax and regulatory claims and other esoteric asset opportunities.

Responsibilities:

• Source, evaluate, underwrite and execute a variety of special situations and alternative credit investments with a primary focus on litigation finance, legal asset, tax and regulatory claims and other esoteric asset opportunities
• Analyze legal claims evaluating liability theories and the likelihood of potential awards
• Structure and negotiate customized term sheets, covenants, warranties, representations, credit agreements, prepaid forward agreements, fee purchase agreements and a variety of other funding agreements
• Draft investment memoranda and write commentary and portfolio analysis for limited partners and the investment committee
• Evaluate, monitor, mitigate and report on investment risk
• Support Portfolio Managers with daily P&L, position reconciliations and booking/executing trades
• Collaborate with internal teams to support operational improvements, automation initiatives, best practices and process improvements

Requirements:

• Bachelor’s Degree; MBA or JD preferred
• 5+ years sourcing and analyzing litigation finance, legal asset, special situations and alternative credit investment opportunities
• Buyside investing experience at hedge fund, private credit, special situations, opportunistic credit, esoteric/special assets or litigation financing investment firm required
• Advanced proficiency with quantitative finance and complex financial modeling
• Advanced Excel skills
• Fundamental knowledge of corporate finance and business operations
• Highly motivated team player with demonstrated critical thinking and problem solving skills
• Ability to thrive in a dynamic fast-paced transactional environment
• Excellent communication, interpersonal, presentation and business writing skills

Our elite global Alternative Investment Management client is seeking to recruit an Associate with structured asset/structured credit transactional banking experience to serve on various transaction teams and assist with identifying, negotiating, financing and closing Special Asset/Structured Credit investment opportunities.

Responsibilities:

• Assist with identifying, negotiating, financing and closing Special Asset/Structured Credit investment opportunities for the Special Opportunities Assets fund
• Interact frequently with portfolio company management
• Perform investment research, financial modeling, transaction underwriting, valuation analysis and deal due diligence
• Assist with business plan development for various investment opportunities
• Develop investment ideas, write investment memos and create presentations for the investment committee
• Assist with legal documentation and deal closings
• Support post-close efforts including add-on M&A transactions, management reporting, portfolio company growth objectives, etc.
• Build and maintain relationships with key internal and external stakeholders
• Assist with capital raising initiatives
• Mentor junior team members
• Assist with ad hoc projects

Requirements:

• Bachelor’s Degree with strong academic standing
• 2-3 years of transactional investment banking or lateral investment analysis experience (targeting 2023-2024 undergrads)
• Experience with Esoteric ABS, ABS Securitization, Structured Finance, Leverage Finance, FIG investment banking or Transportation banking (rail, aircraft, etc.) transactions required
• Advanced financial modeling, transaction underwriting and valuation analysis required
• Excellent communication, interpersonal, business writing and relationship management skills
• Highly motivated, intellectually curious and creative with strong critical thinking skills
• Travel required