Associate / Vice President, Credit Opportunities

InforCapital, partnership; Evanston (IL); On-site; USD 120,000 - 190,000; Full time

Job summary

Industrial Opportunity Partners (IOP) in the Chicago area seeks an Associate or Vice President to join its Credit Opportunities team. Based in Evanston, this role focuses on underwriting credit investments within middle-market manufacturing and distribution, including assessing capital structures and intercreditor arrangements.

You will screen and evaluate borrowers, build financial models, and coordinate with lenders, counsel, and restructuring advisors.

Qualifications

• 3–6 years in private credit, distressed investing, or related fields.
• Familiarity with capital structures and credit documentation.

Responsibilities

• Screen, source and evaluate borrowers and credit facilities, including capital structure and intercreditor analysis.
• Underwrite new transactions across credit opportunities and traditional buyouts.
• Build and manage financial models; conduct diligence to underwrite opportunities.
• Support debt financing for buyouts with lender outreach and underwriting.
• Attend management and lender meetings; coordinate with counsel and restructuring professionals.
• Participate in portfolio company management and track KPIs.

Skills

Financial modeling

Valuation

Recovery/waterfall analysis

Credit underwriting

Job description

# Associate / Vice President, Credit OpportunitiesIndustrial Opportunity PartnersAssociate / Vice PresidentPrivate CreditOn-siteLocationEvanston, United StatesCompensationCompetitive, depending on experience; title (Associate or VP) calibrated to the candidateDate PostedAugust 6, 2026RegionAmericasStay ahead of the marketGet instant notifications when new job openings matching "Private Credit / Associate / Vice President jobs in Evanston, United States" are published.## About This Role**Role overview**Industrial Opportunity Partners (IOP), a Chicago-area private equity firm investing out of its fourth fund in middle-market manufacturing and distribution businesses, is adding an Investment Team professional at the Associate or Vice President level focused on its Credit Opportunities strategy.**Key responsibilities**- Screen, source and evaluate borrowers and credit facilities, including capital structure, covenant and intercreditor analysis, and recovery/waterfall modeling- Underwrite new transactions across both credit opportunity and traditional buyout deal flow- Build and manage financial models; conduct business and industry diligence to underwrite opportunities- Support debt financing for buyouts (lender outreach, diligence, underwriting)- Attend management presentations and lender meetings; coordinate with counsel, advisors, and restructuring professionals- Participate in portfolio company management, attend board meetings, and track KPIs throughout the ownership process**Qualifications**- 3-6 years of experience across special situations/distressed investing, restructuring advisory, leveraged finance, private credit, M&A investment banking, or private equity- Familiarity with capital structures and credit documentation (credit agreements, intercreditor and security documents) and out-of-court workouts / Chapter 11 mechanics- Strong financial modeling, valuation, and recovery/waterfall analysis skills for both equity and credit investments- Eligibility to work in the U.S. without sponsorship**Compensation & location**Based in Evanston, Illinois (~10 miles north of downtown Chicago). Compensation is competitive and depends on experience, with the final title (Associate or Vice President) calibrated to the candidate's background. IOP is currently investing out of its fourth private equity fund focused on U.S. middle-market manufacturing and distribution businesses.Apply for this Position