European Private Credit Investor, Associate/Vice President

Description

About this role

About BlackRock Alternatives:

Charged with establishing BlackRock as clients' preeminent partner in alternative investing globally, BlackRock Alternatives (BA) is one of the top five largest alternative asset managers in the world today. We are active in all asset classes and connect them in ways other firms can't match, operating on an integrated platform consisting of real estate, infrastructure, credit, private equity and hedge funds. Our scale means we offer expertise and access unique to BlackRock, and you'll collaborate with teams across our firm in unexpected ways. As part of a key growth engine for the firm, you'll be invited to continue building the platform that is shaping the future of Alts investing by creating and evolving innovative investment ideas and tech solutions on a team that continuously outperforms - setting new standards.

Grow your career with the firm that's building tomorrow's alternatives platform, backed by a purpose that drives positive outcomes for our clients, our investments and the communities we serve.

Credit:

The Global Credit team offers an array of liquid and illiquid credit products designed to meet specific client risk and return profiles. The European Middle Market Private Debt team is part of the European Fundamental Credit business, within Global Credit, and provides, on behalf of BlackRock's clients and funds, mid-market companies with senior, unitranche and subordinated loans for acquisitions, capital growth, refinancings, LBO's and liquidity situations. The team seeks an experienced Credit Analyst to lead underwriting, fundamental credit analysis, due diligence and approval of new investments.

Role description:

The (Senior) Associate or Vice President will be responsible for assessing and structuring direct lending investment opportunities across Europe. Partnering with the Origination team , she/he will be responsible for the fundamental analysis of private credit investments made on behalf of our clients and funds for mid-market corporates mainly in the German speaking countries, as part of the European team, as well as cross border transactions alongside BlackRock's' North American direct lending teams. The European Private Debt team is specialised on senior, unitranche, subordinated, sustainable / impact, private high yield and recurring revenue credit products. He or she will lead an effective fundamental credit research analysis and lead the investment process in partnership with the Portfolio Managers and other analysts in the team. The role will entail the following:

• Conduct independent fundamental credit analysis and due diligence and approval of new investments
• Calibrate financing needs and structures for prospective borrowers
• Financial modelling of investment opportunities
• Interact with management teams, private equity sponsors, industry sources, and other investment professionals
• Seek solutions to deal structures and issues within the boundaries of fund parameters in co-ordination with the originator, internal functions and external participants
• Lead role in the investment evaluation process including attendance at management presentations, review of due diligence reports, and preparation of internal investment proposals in conjunction with the originators
• Presents Portfolio Managers and Investment Committee with a clear and consistent approach to mitigate credit, legal, industry, ESG and other relevant risks
• Champion selected investment opportunities (in coordination with the originators) through the investment process until completion
• Provides input on or leads negotiation of terms and conditions for transactions and works with the originators and the legal team to ensure appropriate structuring / documentation
• Negotiation and review of transaction legal documentation and liaising with internal and external legal advisers
• Ongoing monitoring of portfolio assets including waivers & amendments, contributing to the quarterly fund valuation process and reporting to investors.
• Involvement in providing portfolio reports and analytics for internal and external use
• Adhere to investment process and operational standards
• Help identify/ manage operational risks and improve processes as relevant

Skills, Experience and Education:

• Excellent credit skills demonstrated through prior relevant experience underwriting, structuring and executing private credit and/or leveraged finance transactions
• Ability to direct the structuring of a transaction, manage transaction process with internal and external parties and working with originators to complete investment opportunities
• Strong financial modelling and legal documentation skills
• Motivated team player and flexible in approach with ability to work independently
• Must demonstrate integrity and alignment to BlackRock's principles and commitment as a trusted fiduciary to our clients.
• Flexible and responsive with keen attention to detail.
• Open-minded thought process and intellectual honesty with an ability to dynamically adapt to coverage of different products
• Excellent written and verbal communication skills - presents ideas in a clear, concise and constructive manner
• Excellent academic background
• Must be fluent in German and English
• Other European language skills are a key asset (e.g. Dutch, Swedish, Norwegian, Danish)
• Sector expertise is an advantage (Healthcare, Software, Technology, etc.)

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; 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 current hybrid work model is designed to enable in-person connections and collaboration that is core to our culture, while supporting increased flexibility for all employees. In line with local health guidance and regulations, employees are required to work at least 3 days in the office each week, with the flexibility to work from home up to 2 days a week. Some business groups may require more time in the office due to their roles and responsibilities. The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.

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 careers.blackrock.com | www.blackrock.com/corporate | Instagram: @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.