Credit Secondaries Associate at GCM Grosvenor

SUMMARY

We are seeking an Associate to join our growing Credit platform to focus on our Credit Secondaries business. The Associate will be responsible for performing a broad range of analytical, communication and research duties as part of the firm’s secondary credit investment activities. The associate will also work alongside investment professionals involved in the firm’s credit primary and co-investment platforms.

As an onsite/hybrid employee, you are expected to be in the office on Tuesdays, Wednesdays and Thursdays and on an as needed basis Mondays and Fridays.

RESPONSIBILITIES          

• Coordinate due diligence processes on credit secondary transactions, including the research of underlying portfolio investments and the creation of detailed valuation models.  This individual must have the ability to think and act as a principal investor, converting analyses into well-developed investment recommendations will be important.
• Play an active role in investment transactions from start to finish, including legal documentation and all closing logistics. Must have project management skills and the ability to work effectively in a deal teams, often on several transactions or potential opportunities simultaneously, under tight deadlines.
• Prepare financial analyses in support of the firm’s due diligence on secondary credit investment opportunities.  Such analyses will include, but not be limited to, complex modeling of fund cash flow projections and transaction structures.
• Communicate manager and strategy-related issues to the investment team
• Prepare investment committee memoranda and offer insights and ideas regarding potential investments and deal terms.
• Monitor and report on investment/portfolio performance and draft internal and external communications including periodic updates on portfolio performance.
• Communicate with sellers/advisors as part of sourcing and investment processes.
• Collaborate with business development and marketing teams on investor presentations.
• Perform special projects related to the strategy or credit industry.

EDUCATION, SKILLS AND EXPERIENCE REQUIREMENTS

• Bachelor’s degree required. Appropriate professional designation, such as a CFA, preferred but not required.
• 3 – 5 years of experience with a track record of investment leadership and advancement in positions of increasing responsibility.
• Experience in credit fund manager selection or credit investment underwriting is preferred.
• The individual should have broad-based investment and capital markets knowledge.
• Ability to state and justify a well- reasoned investment opinion – both verbal and written. Experience in presenting complex material in a clear and concise manner to senior investment leaders.
• Demonstrated initiative and ability to work in a fast-paced, changing environment.
• High degree of integrity and the ability to recognize the requirements of confidentiality with a strong concern for quality of final product and the ability to balance that concern with deadlines.
• Excellent organizational skills and the ability to manage multiple tasks simultaneously in a cross-functional team environment. Entrepreneurial approach to task management. Ability to take control and manage tasks independently to closure.
• Strong analytical skills with proven success in a role that provides due diligence, research and interpretation of market environment, opportunities and investment strategies.
• Superior written and verbal communication skills.
• Collaborative individual who is a team player, self-starter and independent thinker.
• Ability to travel.

The successful candidate will be self-motivated and energized by working amongst a group of thoughtful, smart and successful colleagues. He or she will enjoy being part of an organization focused on excellence and will be a naturally collaborative person who enjoys interacting with individuals at all levels. Additionally, he or she will be a strong team player with a proactive approach and the ability to exercise discretion and judgment.