Associate, Direct Lending

About Invesco

As one of the world’s leading independent global investment firms, Invesco is dedicated to rethinking possibilities for our clients. By delivering the combined power of our distinctive investment management capabilities, we provide a wide range of investment strategies and vehicles to our clients around the world. If you're looking for challenging work, intelligent colleagues, and exposure across a global footprint, come explore your potential at Invesco.

Our people are at the very core of our success. Invesco employees get more out of life through our comprehensive compensation and benefit offerings including:

• Flexible paid time off
• Hybrid work schedule
• 401(K) matching of 100% up to the first 6% with a discretionary supplemental contribution
• Health & wellbeing benefits
• Parental Leave benefits
• Employee stock purchase plan

The department:

Invesco is looking to add a New York-based Associate or Analyst to its Middle‑Market Direct Lending Group for an immediate start. The Middle‑Market Direct Lending Group currently operates as an independent team of eleven experienced investors within Invesco’s $49 billion Private Credit platform. The Group primarily focuses on directly originated, private debt investments private‑equity backed middle market companies in the form of senior secured cash flow‑based loans and may also invest, to a lesser extent, in second lien loans, junior capital investments and equity co‑investments.

The new hire will join at a time of significant growth for the Group and individual opportunity for strong upward mobility as the Group recently launched multiple funding vehicles.

The candidate will support senior Direct Lending deal team members in the assessment of new direct lending financing opportunities and in actively managing new and existing portfolio accounts. The candidate will play a pivotal role on the deal team through the preparation of credit proposals including company and industry analysis, capital structure analysis, cash flow projections and modeling, evaluation of management and sponsor quality, identification of key risks and evaluation of mitigating factors.

• Involvement in all aspects of evaluating, implementing, closing and monitoring private debt investments sourced by senior origination professionals.
• Assist in reviewing, analyzing and making recommendations on new financing opportunities incorporating data from Confidential Information Memorandas, Management Presentations and other presentation and diligence items.
• Build highly customised cash flow models to understand historical and projected cash flows and service indebtedness under a variety of different scenarios.
• Support the due diligence process, including (but not limited to) preparing due diligence lists, synthesising data room materials, reviewing third‑party consultant reports, understanding macro‑level and/or industry trends, performing valuation analysis, participating in due diligence discussions with management and/or private equity firms and other analysis that may be important to making a highly informed investment decision.
• Support the preparation of the Investment Committee materials, which will include an analysis of key due diligence findings, a supportable investment thesis, a discussion of investment risks and other information to support the investment recommendation.
• Perform ongoing monitoring and review of existing transactions including historical financial inspection, cash flow modelling, industry analysis and assessments, and maintaining and strengthening borrower and sponsor relationships.
• Help prepare presentations for meetings with clients.
• Assist in work streams associated with capital raising activities, which may include preparing marketing presentations, assisting with due diligence process and other activities related to legal documentation, internal approvals and compliance.

• Bachelor’s Degree required, other designations (CFA or CPA candidates) helpful.
• 1‑3 years of work experience in a credit or private equity related role. Strong preference for direct lending, private…