The Blackstone Group

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X, and Instagram.

Business Unit: BXMA

Business Unit Overview:

Blackstone Multi-Asset Investing (BXMA) manages approximately $88 billion across a diversified set of businesses. We strive to generate attractive risk-adjusted returns across market cycles while mitigating downside risk. Our strategies include Absolute Return, which supports diversification, and Multi-Strategy, which invests opportunistically across asset classes, including direct investments.

Job Description:

The Multi-Strategy Investing platform (“MSI”) was launched in 2011 and is the team's flagship commingled fund. MSI’s mandate is flexible across the capital structure – investing in equities, preferreds, converts, bonds, loans and structured investments. The team can execute on both private and public opportunities across geographies or industries.

The MSI team is able to leverage BXMA’s hedge fund manager relationships, the broader Blackstone network (including Real Estate, Private Equity, Credit, and Strategic Partners), and the team’s direct relationships to source attractive investment opportunities. The team seeks an Investment Associate to support the fund’s fundamentally driven investment process.

Key responsibilities for this role include:

• Source and underwrite potential credit investments including high yield bonds, leveraged loans, distressed/special situations and bespoke capital solutions
• Construct detailed financial models on individual securities
• Draft and present investment memoranda
• Monitor existing investments by maintaining company models and updating position-level investment scenarios and risk/reward expectations
• Conduct research on the macro and micro factors that may impact potential investments
• Serve as a key contributor driving direct credit investment opportunities across sectors and geographies
• Generate improved direct sourcing capability
• Enhance platform-wide returns through rigorous credit underwriting and active portfolio/position management

Qualifications for Role:

• Demonstrated track record managing and/or recommending stressed/distressed credit investments
• Familiarity with loan/bond documentation, collateral packages, intercreditor structures and covenant frameworks
• Advanced accounting and financial modeling skills
• Strong written and verbal communication skills; translate complex credit issues into clear recommendations
• A well organized and disciplined approach to work effort
• Strong analytical and quantitative skills
• Active listening skills; integrates new information and develops investment recommendations
• Strong emotional intelligence, professional integrity, and the intellectual curiosity to ask probing questions
• Proactive, hands-on approach in a fast-moving, deal-driven environment

Additional Qualifications:

In addition to the above, Blackstone seeks to hire individuals who are highly motivated, intelligent, have sound judgment, and have demonstrated excellence in prior endeavors. In addition to strong analytical and time management skills, the successful candidate must meet the following qualifications:

• 4+ years of direct credit-investment experience within a buyside platform
• Deep understanding of capital markets, credit trading strategies, liability management tools, and restructuring processes used by alternative asset managers
• Excellent verbal, written, and interpersonal communication skills to synthesize information quickly and communicate effectively
• Manage ad-hoc projects with minimal oversight
• Strong proficiency in PowerPoint, Excel, and Bloomberg
• A growth mindset and eager to learn new concepts
• A team-oriented mindset
• Strong attention to detail
• A willingness to incorporate artificial intelligence into the investment process
• Professional integrity and discretion with sensitive information
• Candidate should be a highly motivated and a team-oriented individual who thrives in a dynamic environment
• Undergraduate degree is required; CFA or progress toward designation is a plus

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position. Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Expected annual base salary range:

$150,000 - $175,000

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training. All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please email Human Resources at HR-Recruiting-Americas@Blackstone.com.

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:

• Attending client meetings where you are discussing Blackstone products and/or and client questions;
• Marketing Blackstone funds to new or existing clients;
• Supervising or training securities licensed employees;
• Structuring or creating Blackstone funds/products; and
• Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis. Please speak with your Blackstone Recruiting contact with any questions.

To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.