About this role
About BlackRock Private Credit
BlackRock has built industry-leading private credit capabilities over the past 20 years, seeking to deliver attractive results throughout market cycles. Our platform provides a whole portfolio approach to investing across the risk/return spectrum, leveraging our global scale to deliver investment solutions that meet our clients' needs. Deep and experienced teams deploy capital in direct lending, opportunistic and event-driven strategies, providing solutions across U.S., European and Asian private markets. As of September 30, 2023, BlackRock manages US$84 billion on behalf of Private Credit clients globally.
About US Private Capital
BlackRock US Private Capital ("USPC") is the team within BlackRock Private Credit focused on providing innovative capital solutions to US middle market companies through directly originated investments that generate attractive risk-adjusted returns. As of December 31, 2023, the team has invested more than $40bn in capital across more than 1,000 transactions over a 23+ year track record, on behalf of a broad slate of global clients. The USPC team based in San Francisco leads the Growth and Late-Stage lending strategy focused on investing in high-growth technology and software companies.
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About the Role
We are seeking an Associate-level investment professional to be responsible for identifying and underwriting new investments, monitoring existing positions, as well as broader fund performance reports. The candidate could have the opportunity to participate in our Growth and Late-Stage lending strategy alongside our core middle-market strategy. This position will report into US Private Capital leadership and partner with other professionals within the organization. Candidates should have a background in credit investing with the research and modeling skills to underwrite and monitor existing investments. Critical to the individual's success will be their investment judgment, ability to work constructively with investment partners, willingness to take initiative, resourcefulness and intellectual curiosity.
Job Responsibilities:
- Research industries, companies and create detailed financial models to highlight relevant metrics to be used in the investment decision making process
- Produce quality analysis of company and diligence information to support investment conclusions
- Develop accurate, flexible financial models / scenario analysis
- Preparation of concise, accurate and complete investment memoranda
- Actively monitor portfolio existing portfolio names
Requirements / Qualifications:
- Undergraduate degree with strong academic background
- 2-5 years of relevant experience in investment banking, direct lending, venture lending or private debt investing (preference for software and technology experience but not mandatory)
- Superior analytical, thinking, and communication (oral and written) skills
- Candidates must be comfortable participating in diligence meetings with senior management; portfolio companies, sponsors and other investment professionals
- Motivated, self-starter that seeks problem solving situations
- Must be able to work in team-oriented environment and show ability to quickly climb learning curve
For California and New York City only the salary range for this position is $115,000 - $180,000. Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.
Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.
Our hybrid work model
BlackRock's hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person - aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.
About BlackRock
At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children's educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.
This mission would not be possible without our smartest investment - the one we make in our employees. It's why we're dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.
For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock
BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
We recruit, hire, train, promote, pay, and administer all personnel actions without regard to race, color, religion, sex (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), sex stereotyping (including assumptions about a person's appearance or behavior, gender roles, gender expression, or gender identity), gender, gender identity, gender expression, national origin, age, mental or physical disability, ancestry, medical condition, marital status, military or veteran status, citizenship status, sexual orientation, genetic information, or any other status protected by applicable law. We interpret these protected statuses broadly to include both the actual status and also any perceptions and assumptions made regarding these statuses.BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.