Global Infrastructure Investment Associate

Description

About this role

Blackrock Global Infrastructure is looking to hire an Associate for an immediate start based in Greenwich, CT.

About BlackRock Global Infrastructure

• Blackrock Global Infrastructure traces its legacy back to the First Reserve Energy Infrastructure business which was acquired by BlackRock in 2017. Since joining BlackRock, the team has raised and fully deployed its third fund and is in the process of raising and investing its fourth fund (see below for further details)
• The group sits within Blackrock Alternatives under the Infrastructure umbrella - across its various strategies, the larger Infrastructure platform currently has $50B AUM across infrastructure equity, infrastructure debt, listed securities, and solutions strategies
• The Global Infrastructure group is headquartered in Greenwich, but also has offices in London, Singapore, Houston, and Mexico City; there is the potential for strong performers to move to the other office locations in the future
• While the Global Infrastructure group historically focused on energy infrastructure, it has evolved into more general, diversified infrastructure fund that focuses on high-quality, essential infrastructure assets that are critical to economic development and prosperity, and satisfy basic human needs
• The fund's investment thesis is three D's: Decarbonization, Decentralization, and Digitalization, with energy transition being a common thread touching all sectors.
• Target sectors include Energy & Environmental, Low Carbon Power, Digital Infrastructure, Transportation & Logistics, and Regulated Utilities
• The group closed on Fund III ($5.1B) in 2020 and has since fully deployed into companies and projects across the global power, midstream, utility, digital and transportation sectors.
• Fundraising for Fund IV is underway with ~$5B raised to date. The fund already has closed on three investments - please see below for additional detail:
  • Gigapower JV with AT&T - commercial fiber platform expected to provide best-in-class fiber network to ISPs and other businesses around the US
  • Jupiter Power - US operator and developer of standalone, utility-scale battery energy storage systems
  • E360S - Canadian environmental services/waste management firm
• Potential career-track role for strong performers

Key Responsibilities:

• Financial Modeling: developing, utilizing, and analyzing financial models in order to evaluate investment opportunities
• Due Diligence and Execution: working with the team to assess and execute new investments. This will include conducting due diligence, financial review, preparation of presentation materials for investment committee etc.
• Market research: Performing market research, including research on potential investments, industries, competitors, etc.
• Portfolio Monitoring: assist in the monitoring of portfolio companies including analysis of corporate development, add-on, and financing opportunities, analyzing budgets, interacting with key members of management, and positioning business to be prepared for exit

Development Value:

• Candidates will gain deep full-cycle experience in infrastructure investing through the evaluation of new investments as well as all aspects of running a business through the monitoring of existing portfolio companies

Skills/Qualifications:

• Undergraduate degree with strong academic background
• 2+ years of previous investment banking and/or principal private equity or infrastructure investing experience
• A keen interest in diversified infrastructure
• Demonstrable financial modeling and evaluation skills
• Strong presentation skills as well as strong oral and written communications skills
• Team-oriented
• Enthusiasm and commitment to working in a friendly, entrepreneurial, team environment is critical

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 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. Beginning in September, all employees will shift to at least 4 days in the office per week, with the flexibility to work from home 1 day a week. 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 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 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.

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.