Blackstone Credit & Insurance, Liquid Credit Strategies – Principal

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, Twitter, and Instagram.

Blackstone Credit – Liquid Credit Strategies (CLO Portfolio Management), Principal

Business Unit:

Blackstone Credit

Business Description:

Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span

the credit markets, including private investment grade, asset based lending, public investment grade and

high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and

opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual

investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a

leading provider of investment management services for insurers, helping those companies better deliver

for policyholders through our world-class capabilities in investment grade private credit.

Job Title: Principal

Job Description: 

The Liquid Credit Strategies Team (“LCS”) manages $114 in AUM across diversified portfolios of fixed

income investments, primarily consisting of senior secured floating rate bank loans and high yield bonds

of non-investment grade companies. The group manages and sub-advises 166 funds accounts in US and

Europe, including Collateralized Loan Obligations, Separately Managed Accounts, Commingled Funds,

Closed End Funds and Business Development Companies. LCS also invests in the debt and equity tranches

of CLOs.

LCS is seeking an experienced investment professional to join the Portfolio Management team of

Blackstone’s leading CLO Franchise with $35B of CLO assets across 70+ portfolios, and partner with the

credit analyst team and traders to identify trade opportunities to drive relative value, risk management,

and portfolio performance.

The successful candidate will have a deep understanding of credit analysis and loan market/trading and

will leverage strong analytical skills and excellent communication skills to effectively collaborate with

various stakeholders.

Key responsibilities include:

• Constructing model portfolios that meet return hurdles with appropriate levels of risk
• Partnering with the investment team to develop trade ideas and identify emerging risks in the portfolios 
• Generating thematic portfolio trades — ratings, sector, yield etc.
• Liaising between the research, capital markets and trading teams

Qualifications: 

Blackstone seeks to hire individuals who are highly motivated, intelligent, have sound judgment and have demonstrated excellence in prior endeavors. Candidate should be a team-oriented individual who thrives on challenge in a dynamic environment. The successful candidate must have:

• A Bachelor’s degree is required. MBA or CFA preferred
• 7+ years of experience in credit portfolio construction and management and/or trading
• Strong judgement and ability to prioritize and manage short and long term initiatives
• Self starter mindset with ability to operate in a dynamic environment
• Excellent communications skills and ability to write clearly and concisely

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:

$225,000 – $250,000

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 [email protected].

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.

Read Full Description