Blackstone Multi-Asset Investing (BXMA)- Credit Team, Principal

BXMA- Credit Team, PrincipalThe Credit Strategy team is responsible for sourcing, underwriting, and monitoring investments across the capital structure throughout credit asset classes (e.g., investment grade and high-yield bonds, leveraged loans, structured equity, mortgage-related credit, asset-backed securities, specialty finance, real assets, etc.).Investments may take varying forms, including allocations and partnerships with fund managers, operating platforms, co-investments, and direct investments. The potential investment universe is broad (including public and private investments), and the team operates with a highly entrepreneurial and flexible investment approach.VPs and Principals are expected to lead investment sourcing and underwriting, monitor existing investments, lead investment presentations (for investment committees, clients, and other stakeholders), and communicate with external partners as well as other BXMA teams.Key responsibilities include the following:Leading the sourcing and diligence of prospective investment strategies within the Credit space, including by engaging fund managers and industry participants, completing thematic market research, and underwriting specific investments with fund managers, co-investments, and direct investments across a wide range of asset classes.Leading investment due diligence, including quantitative analysis, detailed financial and/or cash flow modeling, scenario and sensitivity analyses, fundamental industry and market research, legal and tax assessments, and creating presentation materials for investment committees, clients, and other stakeholders.Structuring investments and funds/partnerships, considering investment objectives and parameters, counterparty alignment, downside protection, and legal and tax implications.Continuous evaluation of existing portfolio exposures (across fund investments, co-investments, and direct investments), including by tracking key exposures and risk factors, having regular conversations with fund managers and industry participants, and challenging/stress-testing investment theses.Leading investment committee presentations, regular portfolio discussions, and updates for senior management, clients, and other stakeholders.Developing strategies to improve and optimize investment diligence, monitoring, and reporting processes.Qualifications:Entrepreneurial, team-oriented mentalityStrong communication skills, including demonstrable writing and presentation skillsStrong leadership skillsExcellent attention to detailGood judgement and confidenceExperience working in a team environment and contributing to a positive team cultureExperience completing ad hoc projects independentlyPrior programming experience is a plus but not necessaryExpected annual base salary range: $225,000 - $250,000Actual 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 and benefits offered in connection with the role consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone's sole discretion.