About this roleAbout BlackRock Private CreditBlackRock has built industry-leading private credit capabilities over the past 20 years, seeking to deliver attractive results throughout market cycles. Our platform provides a whole portfolio approach to investing across the risk/return spectrum, leveraging our global scale to deliver investment solutions that meet our clients' needs. Deep and experienced teams deploy capital in direct lending, opportunistic and event-driven strategies, providing solutions across U.S., European and Asian private markets. As of September 30, 2023, BlackRock manages US$84 billion on behalf of Private Credit clients globally.
About US Private Capital BlackRock US Private Capital ( USPC ) is the team within BlackRock Private Credit focused on providing innovative capital solutions to US middle market companies through directly originated investments that generate attractive risk-adjusted returns. As of December 31, 2023, the team has invested more than $40bn in capital across more than 1,000 transactions over a 23+ year track record, on behalf of a broad slate of global clients.
Restructuring & Portfolio Monitoring Activities:- Monitor and manage underperforming investment in the portfolio
- Lead restructuring and/or work-out activities by designing and implementing restructuring and recovery strategies
- Model recovery value optimization scenarios and provide recommendations to Investment Committee
- Manage and negotiate with key internal / external stakeholders to achieve optimal outcome
- Develop and manage relationships with key advisers and lenders in the industry
- Effectively navigate and drive multi-party club lender situations. Remain front-footed and be a leading voice in group discussions (on deals/transactions and internally in IC)
- Prepare updates for and contribute to quarterly portfolio reviews
- Assist other team members in performing financial due diligence procedures as well as other initiatives related to the portfolio companies
Skills & Experience:- Excellent analytical and data analysis skills, highly numerate, responsive with high attention to detail
- 10+ years of experience in investment banking and/or restructuring (leveraged finance, restructuring advisor and/or restructuring / work-out team within a bank or private debt / direct lending)
- Deep understanding of the relevant documentation and how it can affect the design and implementation of restructuring and recovery strategies
- Motivated team player and flexible in approach with ability to work independently
- Excellent written and verbal communication skills - presents ideas in a clear, concise and constructive manner
- Ability to prioritize, working to tight deadlines and flexible to meet workload
- Keen to question, challenge and improve
- A methodical thinker able to resolve complex issues on a daily basis
- Strong academic background
For New York City only: The salary range for this position is $300,000 - $350,000. Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.
Our benefitsTo 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 modelBlackRock'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 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. 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 BlackRockAt 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 @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrockBlackRock 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.