Alternative Credit, Credit Secondaries – Analyst / Associate

Blue Owl Capital; New York (NY); On-site; USD 110,000 - 165,000; Full time

Benefits offered by this job

Health, Dental and Vision insurance

401(k)

Healthcare and Dependent Care Flexible

Short Term Disability insurance

Long Term Disability Insurance

Family Planning Support

Paid Time Off

Leave of Absences

Job summary

Blue Owl is hiring Investment Professionals at the analyst or associate level for the Credit Secondaries team within Alternative Credit. The role focuses on GP-Led and LP-led credit secondaries, NAV lending, and related fund solutions with opportunities across opportunistic credit.

You will work across sourcing, underwriting, and transaction execution in a collaborative, high-performing team. Base salary range for this New York-based position is $110,000-$165,000 with potential discretionary

Qualifications

• 1–3+ years in lending/credit underwriting or credit secondaries.
• Experience in buyside or investment banking focused on credit secondaries.
• Strong quantitative skills and financial modeling.
• Excellent written and verbal communication.
• Detail oriented with ability to multitask in a fast-paced environment.

Responsibilities

• Work on multiple transactions across all investment stages, including structuring and IC.
• Develop financial models for deals and scenarios.
• Conduct due diligence and assist in legal documentation (term sheets).
• Manage transaction process with senior investment professionals.

Skills

Lending/credit underwriting

Buyside investments

Financial modeling

Data analysis

Written and verbal communication

Attention to detail

Team collaboration

Relationship management

AI tooling for efficiency

Job description

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®.

With over $319 billion in assets under management as of June 30, 2026, we invest across three multi-strategy platforms: Credit, Real Assets and GP Strategic Capital. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.

Together with over 1,380 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com

The Role

Blue Owl’s Credit Secondaries team within the Alternative Credit division is looking to hire Investment Professionals at the analyst or associate level. The Credit Secondaries team primarily invests in opportunities focused on GP-Led and LP-led credit secondaries, as well as NAV lending and other credit-oriented investments in the fund solutions space. This strategy offers differentiated exposure through our extensive sourcing network, asset-based expertise, and ability to underwrite complexity. This opportunity may also include additional opportunities to work across our opportunistic credit business on other corporate or asset-based transactions but will be primary focused on credit secondaries.

Responsibilities

• Work on multiple transactions simultaneously across all stages of the investment process, including structuring, investment committee, and ongoing relationship and asset management


• Develop financial models


• Conduct due diligence


• Participate in legal documentation process, including the preparation of term sheets and the negotiation of key terms


• Manage overall transaction process in partnership with senior investment professionals

Qualifications

• 1-3+ years with lending / credit underwriting experience or focus on credit related transactions within secondaries


• 1-3+ years of experience in a buyside investment role or an investment banking team with focus on credit secondaries


• Strong quantitative skills, including proficiency in financial modeling and data analysis


• Excellent written and verbal communication skills


• Strong attention to detail and ability to multi-task in a fast-paced work environment


• Experience with and interest in working on a high functioning team


• Relationship oriented


• Leverage AI as a tool to drive efficiency

It is expected that the base annual salary range for this New York-based position will be $110,000-$165,000. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.

Benefits

• Health, Dental and Vision insurance


• 401(k)


• Healthcare and Dependent Care Flexible Spending Account


• Short Term Disability insurance


• Long Term Disability Insurance


• Family Planning Support


• Paid Time Off


• Leave of Absences

Blue Owl is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.