Credit Secondaries Managing Director / Principal – Strategic Partners at Blackstone in New York, NY

Job description

Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com . Follow @blackstone on LinkedIn , X (Twitter) , and Instagram . Business Unit Overview Blackstone Strategic Partners is a global leader in illiquid fund investing, with $100B of Assets Under Management. We offer a range of liquidity opportunities to both limited and general partners, including secondaries, GP Stakes and co-investments across private markets. Founded in 2000, we are one of the world’s largest and most established secondaries platforms spanning private equity, infrastructure and real estate asset classes. Job Description The team is looking to hire a NY based Managing Director or Principal to focus on the credit secondaries strategy. Strategic Partners provides the opportunity to join one of the most active and long-tenured investment teams in the secondaries industry. The hire will be responsible for sourcing, analyzing and executing investments in credit portfolios and funds across all private credit asset classes. The hire will work on secondary LP portfolio transactions, GP-led continuation funds and other structured deals. Additionally, the Managing Director or Principal will fundraise and meet with current and prospective investors. The role offers a compelling opportunity to help build and develop the growing credit vertical within Strategic Partners, providing meaningful exposure to the evolution of the platform and broader business-building initiatives. Responsibilities: Overseeing a team, managing all aspects of the deal process, due diligence and closing Negotiating and structuring transactions effectively within tight time constraints Prepare internal memoranda and other materials to support investment recommendations Monitor investments to communicate strategy and performance with existing and prospective investors Qualifications Blackstone seeks to hire individuals who work well in a team-driven working group, are highly motivated, intelligent, have sound judgment and have demonstrated excellence in prior endeavors. In addition to strong analytical and quantitative skills, the successful candidate should have strong communication skills, demonstrated excellence in written communication and a desire to work both independently and collaboratively in a lean and growing team. The ideal candidate will have 10+ years of private credit experience. The successful candidate must be: Proven management skills and capable of leading/managing multiple projects simultaneously A driven individual with a strong sense of professional integrity Self-motivated and resourceful, consistently managing multiple priorities while delivering results. An enthusiastic team member who collaborates well with others and builds strong working relationships An articulate communicator who also recognizes the importance of listening Resilient, flexible, open to feedback and focused on achieving excellence Client-focused and committed to developing creative solutions Analytical and logical, with raw intellectual ability and exceptional judgment 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: $200,000 - $300,000 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