Head of Private Credit

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.  

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Role Summary

50 South Capital (www.50southcapital.com) is the alternatives  investment group within Northern Trust, one of the world’s largest asset management firms, with over $1.3 trillion in assets under management. 50 South Capital’s private equity group makes primary, secondary, and direct co-investments in buyout, venture capital, and private credit funds and companies in the U.S., Europe, and Asia. The team has extensive experience investing in the industry and has been led by its founding partners since 2000. The Firm oversees over $14.5 billion in assets and is experiencing rapid growth.

50 South Capital is seeking to add a senior investment professional in their Chicago headquarters to be part of a growing investment team primarily to source, diligence, execute, and monitor private credit fund  commitments. This senior individual will  contribute to investment decision making across all of 50 South Capital’s funds and strategies, including primaries, secondaries, co-investments and private credit. In addition, this individual will be responsible for assisting in designing new private credit offerings, fundraising efforts, portfolio monitoring and other special projects. The selected candidate will exhibit strong investment analytics as well as strong interpersonal skills and leadership skills. We are seeking candidates with excellent academic achievements, 12+ years of relevant industry experience, and advanced skills in investment analytics, business writing, and presenting.

Primary Duties and Responsibilities

• Lead the private credit team and private credit focused investment offerings

• Source and analyze potential  investment opportunities across the private credit universe. This includes evaluating track records, strategies and teams.

• Communicating thoughts and opinions on firms and companies in a succinct, effective way, including identifying the key strengths and risks for each opportunity, and determining how certain information will be presented.

• Participating in meetings with clients and potential investors to discuss Northern Trust credit capabilities and fund solutions.

• Participating in the preparation of diligence materials as well as assisting with the creation of investment committee memorandums.

• Staying current with the general overall performance of our investments, participating in the creation and presentation of materials for quarterly portfolio reviews.

• Partner with credit team to develop, maintain, and proactively cover a targeted list of active and prospective fund managers via pipeline management, primary research, and profile building.

• Maintaining an ongoing dialogue and relationship with targeted private credit firms including attendance in update calls, in-person meetings, and annual meetings. The position requires travel.

• Representing 50 South Capital in an exemplary fashion to external industry participants in order to develop the Firm’s brand reputation in the market.

Necessary Experience, Education, Knowledge and Skills

• 12+ years working in alternative investments, with focused private credit experience.

• Bachelor's degree, with a major in business, finance, accounting, economics or related field (MBA highly preferred).

• Deep subject matter expertise across alternative investment strategies with a focus on private credit.

• Establish and maintain relationships within the private credit manager community.

• Client-facing experience and ability to represent 50 South Capital and Northern Trust Asset Management to the LP, GP and service provider community.

• Active listener who can understand clients’ specific needs.

• Exceptional collaborator and team-minded professional; driven by integrity and excellence.

• Robust communication and presentation skills.  Ability to educate and translate complex and/or technical concepts in an understandable manner to a range of audiences.

• High attention to detail and a strong work ethic.

• Intellectually curious and humble approach to investing.

• Entrepreneurial mindset and self-starter who can bring structure and process to these efforts.

Salary Range:

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Working with Us: 

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater 

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.

 
We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.