Credit & Insurance - Asset Management, Senior Associate

Overview

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 $1.1 trillion 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.

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Job Title: BXCI Asset Management, Senior Associate

Blackstone Credit & Insurance

Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including private investment grade, asset based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending, and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses.

BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.

Blackstone Credit & Insurance’s Asset Management group mobilizes resources to preserve investor capital and enhance investment returns in challenging situations. Once assets that are or could be challenged are identified, BXCI’s Asset Management team has dual responsibilities:

• The team focuses on the restructuring and re-underwriting of troubled or underperforming BXCI Private Credit Strategies investments; working closely with equity owners including sponsors, management, creditors, and other stakeholders to preserve and enhance value through balance sheet restructurings, liquidity solutions, and interim credit relief amendments; and
• Where these processes result in BXCI assuming equity ownership, the role extends into the active ownership and management of a portfolio company, employing a private equity mindset. This includes developing and executing a value creation plan, and partnering with management teams and boards to drive strategic, operational, and financial initiatives, with the objective of maximizing exit outcomes and recoveries.

The position offers significant exposure to complex restructurings, control investing, and active ownership situations, providing a differentiated skill set at the intersection of credit, private equity, and operations.

The main areas of responsibility will include assisting senior-level team members with:

• Maintaining significant ownership over assigned situations, including serving as a day-to-day point of contact for portfolio company management, advisors, sponsors, peer lenders, and internal origination teams, and exercising sound judgment in fast-moving, high-stakes environment
• Preparing investment memoranda, analyses (with significant emphasis on identifying root causes of underperformance), financial forecasts, and other ad-hoc requests to support real-time decision making related to existing investments
• Restructuring of capital structures by developing financial models, identifying optimal financing solutions, and supporting negotiations to enhance liquidity, reduce debt burdens, and secure long-term financial stability for an organization
• Providing comprehensive support to management and the board of directors by preparing detailed analyses, strategic recommendations, and facilitating effective decision-making to drive business performance and achieve corporate objectives. This may include participating in due diligence processes for potential add-on acquisitions & divestiture as part of broader restructuring efforts
• If required, coordinating the selection and engagement of third-party consultants and service providers for value creation initiatives
• Mainta…