Associate, Direct Lending

26North; New York (NY); On-site; USD 125,000 - 150,000; Full time

Benefits offered by this job

Discretionary bonus

Comprehensive benefits

Tickets to events

Job summary

26North is seeking an Associate for its Direct Lending team in New York. The role is centered on middle market senior debt financings with exposure to underwriting, execution, investment committee discussions, and portfolio management from day one.

You will work with senior investment professionals and help build the firm’s private credit platform, collaborating across investment, capital formation, and operations teams.

Qualifications

• 2–4 years of relevant experience in investment banking, direct lending, private credit, or related credit-focused roles.
• Exceptional financial modeling and analytical capabilities, with experience building and interpreting detailed operating and credit models.
• Ability to synthesize complex information and develop clear, well-supported investment recommendations.
• Strong communication skills, including the ability to present analyses.

Responsibilities

• Evaluate, structure, and execute new investment opportunities across a range of industries.
• Conduct comprehensive industry, business, and financial diligence, synthesizing key risks and drivers of performance.
• Develop and articulate differentiated investment views grounded in rigorous credit analysis.

Skills

Financial modeling

Credit analysis

Investment recommendations

Communication skills

Ownership mindset

Attention to detail

Education

Bachelor's degree in Finance

Tools

Bloomberg Terminal

Excel

Job description

26North is a next-generation, integrated, multi-asset class investment platform, founded by Josh Harris. 26North provides investment advice and opportunities to its clients related to a variety of investment strategies, including, but not limited to, private equity, credit, and insurance and reinsurance solutions. Josh Harris and the 26North team bring decades of experience managing third party capital to help clients achieve their financial goals while leaving a lasting impact on the communities they serve. As of June 30, 2026, 26North has approximately $38 billion in assets under management. For more information, visit us at www.26n.com.

Job Description

26North is seeking an Associate to join its Direct Lending team in New York. The platform is focused on middle market senior debt financings. The Direct Lending team has deployed over $3.9 billion across 55 portfolio companies, and has more than $8 billion raised across a range of vehicles including BDCs, CLOs, SMAs, and rated notes.

This role is designed for a high-performing investment professional seeking significant responsibility and accelerated development within a scaled, institutional direct lending platform. The Associate will be fully integrated into the investment process, with meaningful exposure to underwriting, execution, investment committee discussions, and portfolio management from day one.

The Associate will work closely with senior investment professionals in a lean team environment and will be expected to take ownership of key workstreams across the deal lifecycle. The role offers direct interaction with senior leadership, investment committees, financial sponsors, and management teams, as well as the opportunity to contribute to the continued build-out of the firm’s private credit platform.

Responsibilities

• Evaluate, structure, and execute new investment opportunities across a range of industries
• Conduct comprehensive industry, business, and financial diligence, synthesizing key risks and drivers of performance
• Develop and articulate differentiated investment views grounded in rigorous credit analysis

Investment Committee & Deal Process

• Prepare investment memoranda, presentations, and supporting analyses for internal review and investment committee discussions
• Actively participate in investment committee processes
• Support transaction execution, including coordination with internal teams, external advisors, and counterparties
• Monitor portfolio investments on an ongoing basis, including financial performance, covenant compliance, and key risk indicators
• Conduct detailed portfolio analysis and provide updates to senior team members and investment committees
• Support portfolio management initiatives, including amendments, refinancings, and follow-on investments

Platform Development & Team Contribution

• Contribute to the continued development of the direct lending platform, including investment processes, systems, and infrastructure
• Collaborate with teams across investment, capital formation, and operations to support platform growth

Qualifications

Experience

• 2-4 years of relevant experience in investment banking, direct lending, private credit, or related credit-focused roles
• Exceptional financial modeling and analytical capabilities, with experience building and interpreting detailed operating and credit models
• Ability to synthesize complex information and develop clear, well-supported investment recommendations
• Strong communication skills, including the ability to present analyses
• Demonstrated ability to operate with a high degree of ownership and accountability in a fast-paced environment
• Excellent attention to detail and ability to manage multiple workstreams
• Intellectually curious and driven
• Foundational experience and interest in leveraging AI tools to improve productivity
• Strong track record and demonstrated commitment to upholding our core values of stewardship, integrity, excellence, teamwork, and respect

Education

• 26North offers a competitive base salary and discretionary bonus based on performance as well as a comprehensive benefits package.
• Passionate about the teams we support and the communities where our teams operate, we offer opportunities to enjoy the love of the game together, including complimentary and discounted tickets to games, concerts and other events.

26North is an Equal Opportunity Employer.

The base salary for this position is expected to be between $125,000.00 and $150,000.00. The base salary offered to the chosen candidate will be commensurate with a candidate’s relevant experience and other qualifications for the position, as determined by the Company in its sole discretion.