A leading global alternative investment management platform is looking to appoint an Associate into their Direct Lending Portfolio Management team in London.
The firm operates one of the largest and most active direct lending and credit platforms in the world, with a significant presence across both the US and European markets. The London team sits at the centre of the firm's European credit activities, managing a substantial portfolio of senior secured and leveraged credit investments across a broad range of sectors and structures. The team is well-resourced, highly regarded in the market, and benefits from consistently strong deal flow across economic cycles.
This is an opportunity to join a high-calibre credit investment team at a firm with exceptional brand recognition in the alternative asset management space. The role offers genuine portfolio management responsibility from day one, direct exposure to complex credit situations, and the chance to develop alongside experienced investment professionals in a collaborative and performance-driven environment.
Key Responsibilities
* Monitor and manage an active portfolio of leveraged credit investments, including ongoing financial analysis, covenant tracking and performance assessment
* Conduct detailed credit underwriting and due diligence on new investment opportunities, including financial modelling, business assessment and downside scenario analysis
* Prepare and present investment committee memoranda and portfolio review materials to senior stakeholders
* Support the management of stressed and restructured credit situations, including amendment negotiations, waiver requests and lender coordination
* Engage directly with borrowers, private equity sponsors, legal advisers and other counterparties throughout the investment lifecycle
* Contribute to portfolio construction and risk management, including sector exposure, concentration analysis and liquidity monitoring
* Support origination and deal execution activity in close collaboration with the broader investment team
* Assist in the preparation of investor reporting, fund performance materials and LP communications
Candidate Profile
* 18 months to 4 years of relevant experience in one of the following:
* Restructuring or corporate finance at a Big 4 or advisory firm
* Leveraged finance or credit portfolio management at a major investment bank
* Direct lending or alternative credit at a fund or asset manager
* Strong fundamental credit analysis and financial modelling skills, including experience building and interrogating leveraged credit models
* Ability to assess business quality, capital structure and downside risk across a range of sectors
* Excellent written and verbal communication skills, with the ability to present clearly to senior investment professionals
* High attention to detail and the ability to manage multiple workstreams in a fast-paced environment
* Commercial awareness and genuine interest in credit markets and alternative asset management
* Strong academic background from a leading institution
* Professional qualifications such as ACA, CFA or equivalent are advantageous but not essential
Please apply with an updated CV if this opportunity is of interest and aligns with your experience and longer-term career objectives.