Multi-Asset Investing; BXMA - Multi-Strategy Platform, 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 $1.1 trillion in assets under management include investment vehicles focused onprivate 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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Business Unit: BXMA

Business Unit Overview:

Blackstone Multi-Asset Investing (BXMA) manages approximately $88 billion across a diversified set of businesses. We strive to generate attractive risk-adjusted returns across market cycles while mitigating downside risk. Our strategies include Absolute Return, which supports diversification, and Multi-Strategy, which invests opportunistically across asset classes, including direct investments.

Job Description:

The Multi-Strategy Investing platform (“MSI”) was launched in 2011 and is the team's flagship commingled fund. MSI’s mandate is flexible across the capital structure – investing in equities, prefer reds, converts, bonds, loans and structured investments. The team can execute on both private and public opportunities across geographies or industries.

The MSI team is able to leverage BXMA’s hedge fund manager relationships, the broader Blackstone network (including Real Estate, Private Equity, Credit, and Strategic Partners), and the team’s direct relationships to source attractive investment opportunities. The team seeks an Investment Associate to support the fund’s fundamentally driven investment process.

Key responsibilities for this role include:

• Source and underwrite potential credit investments including high yield bonds, leveraged loans, distressed/special situations and bespoke capital solutions

• Construct detailed financial models on individual securities

• Draft and present investment memoranda

• Monitor existing investments by maintaining company models and updating position-level investment scenarios and risk/reward expectations

• Conduct research on the macro and micro factors that may impact potential investments

• Serve as a key contributor driving direct credit investment opportunities across sectors and geographies

• Generate improved direct sourcing capability

• Enhance platform-wide returns through rigorous credit underwriting and active portfolio/position management

Qualifications for Role:

• Demonstrated track record managing and/or recommending stressed/distressed credit investments

• Familiarity with loan/bond documentation, collateral packages, intercreditor structures and covenant frameworks

• Advanced accounting and financial modeling skills

• Strong written and verbal communication skills; translate complex credit issues into clear recommendations

• A well organized and disciplined approach to work effort

• Strong analytical and quantitative skills

• Active listening skills; integrates new information and develops investment recommendations

• Strong emotional intelligence, professional integrity, and the intellectual curiosity to ask probing questions

• Proactive, hands-on approach in a fast-moving, deal-driven environment

Additional Qualifications:

In addition to the above, Blackstone seeks to hire individuals who are highly motivated, intelligent, have sound judgment, and have demonstrated excellence in prior endeavors. In addition to strong analytical and time management skills, the successful candidate must meet the following qualifications:

• 4+ years of direct credit-investment experience within a buyside platform

• Deep understanding of capital markets, credit trading strategies, liability management tools, and restructuring processes used by alternative asset managers

• Excellent verbal, written, and interpersonal communication skills to synthesize information quickly and communicate effectively

• Manage ad-hoc projects with minimal oversight

• Strong proficiency in PowerPoint, Excel, and Bloomberg

• A growth mindset and…