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Private Debt & Direct Lending - VP (x,f,m)

Employer
AXA Investment Managers
Location
London, United Kingdom
Salary
Competitive
Closing date
Apr 26, 2024

View more

Job Function
Other
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
At AXA IM our purpose, to act for human progress by investing for what matters, is central to every action we take as a business. As a responsible asset manager, we actively invest for the long-term to help our clients, our people and the world to prosper.
As a future Private Debt & Direct Lending VP, you will report to the Head of Global Head of Private Debt for PRIME, and you will be part of AXA IM PRIME business unit.

AXA IM Prime is a Private Market Enabler and Hedge Funds platform offering diversified sources of private market returns across private equity, infrastructure equity, private debt, and hedge funds. With €30 billion of alternative investments under management and a team of seasoned investment professionals committed to proactive ESG and strict risk management criteria, AXA IM Prime is committed to transparency and reliability. The company manages €5 billion of commitments annually over the next three years and has 30+ employees across three offices.

DISCOVER your opportunity

This role involves primarily analysing and structuring co-investments in Private debt investment opportunities and making investment recommendations for the Private debt portfolios across a wide range of industries, geographies (Europe and US) and instruments (unitranche, senior secured and subordinated debt)
The selected candidate will execute co-investments in Direct Lending investments under the responsibility of the Head of Private Debt Co-investments

Your role and responsibilities will include:

Opportunities screening
• Reviewing new credit opportunities (direct investments, and to a lower extent secondary trades) and quickly assess their credit merits and associated risks, as well as key legal terms
• Determining to what extent an investment would fit with portfolio construction objectives and targeted returns
• Understanding ESG impact of investments and fit with AXA IM Prime targets
• Sharing outcome of findings with rest of the team and making recommendation based on a first assessment of opportunities

Deal execution
• Run in-depth analysis of credit opportunities including review of information material and due diligence reports, assessment of key risks and mitigants, preparation of comprehensive financial modelling together with sensitivity analysis and business valuation/debt coverage
• Assess appropriate debt structures and terms, including review of term sheets and credit term agreements
• Prepare credit papers on the opportunity and present recommendations to portfolio manager(s) of the Private Debt funds, AXA IM Prime and AXA investment committees
• Lead and run deal process until closing of the investment, working closely with internal and external parties as appropriate (AXA IM Prime legal/ ESG/ operations/ finance/ compliance as well as external counsel and fund administrator)
• Closely monitoring the financial performance of investments made and their impact on portfolio construction. Perform an adequate reporting and quarterly valuations on these. Also run amendments and refinancing of allocated portfolio assets.

Client relationship, reporting and fund raising
• Maintain relationships with origination partners, management team of portfolio companies, sponsors, advisors and law firms
• Active interaction with AXA internal parties in relation to inter alia investment performance, market views
• Contribute to the fund-raising effort alongside AXA IM Prime sales team including helping identifying client, pitch preparation, and client meeting attendance
• Perform control over reporting tool to ensure accuracy of data reported
• Monitor portfolio and asset performance
• Contribute to producing regular reporting documents using AXA IM Prime reporting tool and asset managers reporting tool. Such reports will be shared with AXA IM Prime clients

AXA IM Prime business set-up
• Contributing to the product offering for AXA IM Prime primaries fund selection and work alongside AXA IM Prime structuring team to set-up the relevant funds (commingled, bespoke and AXA dedicated)
• Contribute to building a best-in-class reporting tool that fits with AXA and third-party requirement

Your Profile

SHARE your unique expertise

We welcome different combinations of skills & experiences.

Education/Qualifications
• Master's degree in Economics degree or Engineering (with applied finance)
• Fluency in written and spoken English; Foreign languages (German, Nordics, Dutch, French) are a plus
• Restructuring experience is also a plus

Experience/Skills
• Experience in direct lending and/or leveraged finance within buy side funds/ asset managers/ banking institutions/ CLO managers/ debt advisory firms
• Origination experience is not key but strong credit acumen and execution capability are paramount. Must-have skills include credit and financial analysis, cash-flow modelling and sensitivity analysis, legal documentation review and negotiation

Competencies/Soft skills
• Strong team orientation with capacity for intensive independent work
• Strong analytical skills
• Strong writing and presentation capabilities
• Emphasis on quality of analysis for clients
• Strong integrity, self-starter and can do attitude
• Excellent Relationship management

We would love to know more about you. Let's connect! Send us your resume.

About AXA

The AXA Group is a global leader in insurance and asset management, with 160,000 employees serving 105 million customers in 62 countries.

We protect and advise our clients at every stage of their lives, offering products and services that meet their needs in the areas of insurance, personal protection, savings and asset management.

Our mission : To act for human progress by protecting what matters

Our values : Customer first, Integrity, Courage and One AXA

About the Entity

At AXA IM we are investing with a clear purpose - to make the world a better place. We act for human progress by investing for what matters. Our conviction-led approach enables us to uncover what we believe to be the best global investment opportunities across alternative and core asset classes. We are already entrusted by our clients with more than €887 billion in assets.

AXA Investment Managers | Home | AXA IM Corporate (axa-im.com)

AXA IM is an Equal Opportunity Employer, and we encourage candidates with disabilities or any other protected characteristic to apply. We are committed to providing reasonable accommodation to qualified applicants and employees with disabilities, when needed, to apply for a position or to perform essential job functions.

Inclusion and Diversity | Careers | AXA IM Corporate (axa-im.com)

What We Offer

We are committed to offer you an environment where you can:

Grow your potential : Be part of a forward-thinking business with internal opportunities and personalized learning paths available to help constantly develop your skills and abilities .

Shape the way you work : Work for a company which is highly committed to providing flexibility & balance to its employees, offering you a large range of benefits (hybrid working, competitive health benefits, among many others.).

Thrive within a diverse community : Play a role within a responsible company that actively recognizes and values individual differences in a diverse and inclusive workforce.

Move the world forward : Join a responsible employer that acts in favor of societal and environmental causes as an investor, insurer and company, notably through the AXA Heart in Action association. As part of our commitment to sustainability and environmental responsibility, we will celebrate your arrival by planting a tree.

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