Blackstone Tactical Opportunities – Senior Associate at Blackstone

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 Group: Blackstone Tactical Opportunities
 

Business Group Overview:

Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment platform. The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. As part of the strategy, the team leverages the intellectual capital across Blackstone’s various businesses while continuously optimizing its approach in the face of ever-changing market conditions.

Job Title: Blackstone Tactical Opportunities – Senior Associate

Job Responsibilities:

• Participate in all aspects of evaluating new opportunities for opportunistic investments across asset classes and across different types of securities.
• Play a pivotal role in every step of an investment transaction, including due diligence, investment committee discussions, transaction execution, and negotiations, among others.
• Perform extensive due diligence which includes investment screening, thesis development, quantitative financial analysis, competitive market analysis, industry and thematic research, leading discussions with management teams, and formulating business plans for companies and investment targets.
• Coordinate and work directly with industry-leading executives, advisors and other key stakeholders as part of diligence.
• Prepare transaction evaluation materials to discuss the merits of a transaction with Blackstone’s senior investment decision makers for investment committee discussions.
• Lead all aspects of deal execution to complete a transaction, which includes deal structuring, raising financing with lenders, negotiating transaction agreements with counterparties and other legal documentation.
• Work closely with existing portfolio companies and their management teams to enhance sales, improve profitability, evaluate acquisition and refinancing opportunities, and run processes to sell portfolio companies.
• Manage Blackstone’s Associates and Analysts, and help build the Tactical Opportunities group culture.
• Perform other duties as needed.

Qualifications:

Education:

• Bachelor’s degree (or foreign equivalent) in Finance, Economics, or a related field required.

Experience:

• Minimum 4 years of experience in related occupations required.
• Minimum 4 years of experience in conducting due diligence, investment evaluation, financial analyses, deal structuring and legal documentation for companies to purchase in whole or in part across the United States.
• Minimum 4 years of experience in closing transactions and investing in the equity capital of companies.
• Minimum 4 years of experience in working with the management teams and boards of directors of companies that are wholly or partially owned by a private equity fund in the United States.
• Minimum 4 years of experience in preparing and discussing transaction evaluation materials with an Investment Committee at a large asset manager.
• Minimum 4 years of experience in evaluating opportunities and building detailed financial models to invest in the common equity, preferred equity and debt of businesses.
• Minimum 3 years of experience working with management teams that operate businesses in the media industry and evaluating how to improve the profitability and exit opportunities for businesses that derive revenue from advertising.
• Minimum 2 years of experience negotiating with lenders and working with lawyers to draft legal documentation to restructure the debt obligations of a private equity owned business.
• Experience can be concurrent.

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:

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.