Investment Associate, Private Credit
- Employer
- Legal & General Investment Management America
- Location
- Chicago, Illinois
- Salary
- Commensurate with experience
- Closing date
- Mar 10, 2023
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- Job Function
- Credit Analysis, Private Equity/Venture Capital, Other
- Industry Sector
- Asset Management
- Employment Type
- Full Time
Job Details
Overview
The investment associate will help originate, analyze, execute and manage investment grade corporate private placements and infrastructure debt investments for our clients.
This role is base in Illinois.
Responsibilities
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Help filter potential new private credit investments according to value and suitability for our clients based upon fundamental and detailed investment analysis.
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Work closely with private credit investment and credit colleagues in Chicago and London to analyze potential investments; draft investment and credit memos; and to negotiate and execute transactions in line with client requirements to obtain the best value.
- Help pro-actively manage existing investments by reviewing regular reports and managing waivers and approvals according to the relevant procedures. Our approach is to seek to address any issues early on and to update our risk views in real time.
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Help manage key internal and external counterparty and borrower relationships.
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Support the marketing process to new investor clients where required and help market private credit investment solutions to borrowers and other market participants.
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Support the formulation of the broader investment strategy by identifying new sectors that could be appropriate investment targets for our clients.
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Help support the provision of on-going client reporting and contribute to the periodic review of private credit procedures.
Qualifications
- The candidate is likely to have 3+ years’ experience in buy-side debt private placements with experience across multiple sectors in corporate and/or infrastructure debt. Successful candidates may also have experience in a bank credit program and have familiarity with rating agency methodologies.
- The role requires reviewing large numbers of transactions to identify suitable investments that align with our focus on stong relative value and the ability to structure and execute transactions which achieve the required credit rating and value is critical.
- The candidate will need to be organized, focused, and self-motivated with strong communication and analytical skills.
- It is necessary to be able to work with a variety of investment formats and also to be able to structure a transaction entirely in house if required.
- Strong financial modelling skills are an advantage and detailed knowledge of investment documentation is also important.
As an EOE employer, Legal & General Investment Management America will extend equal opportunity to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity, ancestry, national origin, age, disability, medical condition, genetic information, marital status, pregnancy, military status, and/or any other characteristic protected under applicable federal, state or local laws governing nondiscrimination in employment. (2020)
Company
Legal & General Investment Management America, Inc. (LGIMA) was founded in 2006 and specializes in fixed income, liability driven investment (LDI) solutions and index capabilities for the US institutional market.* We offer a range of strategies to help our clients manage their investment objectives including investment grade fixed income, which can range from market-based alpha-oriented strategies to those that are designed to be more liability-centric, derivative overlays, and indexed solutions.
Our solutions-focused culture is geared toward customization for our clients. As a firm, LGIMA has professional resources dedicated to insuring that our credit portfolios are structured in a risk-conscious manner, but can still have the ability to produce excess returns over an appropriate, sometimes custom, benchmark. Our index fund management offering extends well beyond the standard market cap weighted indices. We have the capability to manage index funds against various equity indices.
As of December 31, 2019, LGIMA managed over $219 billion in assets. Our clients include pension plans, foundations & endowments, unions, and public funds.
- Telephone
- 312-964-3108
- Location
-
71 S. Wacker Drive
Suite 800
Chicago
IL
60606
US
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