Blackstone Multi-Asset Investing Associate

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 Multi-Asset Investing
 

Business Group Overview:

Blackstone Multi-Asset Investing (BXMA) manages $90 billion across a diversified set of businesses. We strive to generate attractive risk-adjusted returns for our clients across market cycles. Our strategies include Absolute Return, Multi-Strategy, Total Portfolio Management, and Public Real Assets.

Job Title: Blackstone Multi-Asset Investing – Associate

Job Responsibilities:

• Conduct fundamental research to underwrite potential investments across asset classes including equity, credit, hard assets, and private investments, including helping develop the commercial thesis.
• Perform and lead pertinent financial analyses including discounted cash flow, LBO, comparables, and precedent transactions as well as manage detailed operating models on new and existing investments.
• Conduct discussions with company management teams, bankers, sell side analysts, industry experts and hedge fund managers (as applicable) to formulate investment theses.
• Partner with the investment team to develop investment ideas and identify potential risks in the portfolios.
• Provide support for executed portfolio company deals including analysis of their reporting packs and joining discussions with management teams.
• Draft and deliver investment memoranda for presentation to the Chief Investment Officer and/or BSOF Investment Committee, as applicable.
• Supervise and train junior analysts.
• Support Operations, Finance, and Sales teams by providing investment related information as needed.
• Perform other duties as needed.

Qualifications:

Education:

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

Experience:

• Minimum 2 years of experience in job offered or related occupations required.
• Minimum 2 years of experience underwriting, conducting due diligence, preparing investment memoranda, and closing financial transactions in both equity and credit deals across the United States.
• Minimum 2 years of experience conducting fundamental research, pitching to CIO / investment committee, and monitoring public investments.
• Minimum 2 years of experience using Microsoft Excel to build detailed operating models, cash flow models, valuation models, and scenario analyses.
• Minimum 2 years of experience performing pertinent financial analyses, including but not limited to discounted cash flow, LBO, liquidation analysis, waterfall analysis, comparables, and precedent transactions.
• Minimum 2 years of experience using Microsoft PowerPoint to develop internal and external presentation materials.
• Minimum 2 years of experience developing familiarity with Bloomberg Terminal, CapIQ, sell-side research, and other sources to gather, organize, and interpret data.
• 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.