Blackstone Credit & Insurance - Liquid Credit Strategies, 2026 Associate

The Blackstone Group L.P.; New York (NY); On-site; USD 140,000; Full time

Job summary

An established industry player is seeking a motivated Investment Associate for their Liquid Credit Strategies team in New York. This role offers a unique opportunity to develop both quantitative and qualitative skills while working with diverse investment types. The successful candidate will engage in evaluating investments, conducting thorough analyses, and formulating credit views to present to the Investment Committee. With a focus on teamwork and independent thinking, this position promises to enhance your understanding of credit markets and capital structures. Join a dynamic environment where your contributions will have a significant impact on investment strategies and outcomes.

Qualifications

• At least 2 years of relevant work experience in investment banking or asset management.
• Strong financial modeling and analysis skills required.

Responsibilities

• Evaluate new investments and perform thorough credit analysis.
• Monitor assigned companies and update financial models quarterly.

Skills

Financial Modeling

Financial Statement Analysis

Due Diligence

Communication Skills

Organizational Skills

Education

Bachelor's Degree in Finance or related field

Job description

Blackstone Credit & Insurance - Liquid Credit Strategies, 2026 Associate

Blackstone Credit & Insurance - Liquid Credit Strategies, 2026 Associate

Apply locations New York time type Full time posted on Posted 2 Days Ago job requisition id 35691

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com . Follow @blackstone on LinkedIn, Twitter, and Instagram.

Job Title: Blackstone Credit & Insurance, Liquid Credit Strategies, 2026 Investment Associate, New York

Start Date: Summer 2026

Job Description:

The Liquid Credit Strategies Team (“LCS”) manages $111 in AUM across diversified portfolios of fixed income investments, primarily consisting of senior secured floating rate bank loans and high yield bonds of non-investment grade companies. The group manages and sub-advises 166 funds accounts in US and Europe, including Collateralized Loan Obligations, Separately Managed Accounts, Commingled Funds, Closed End Funds and Business Development Companies. LCS also invests in the debt and equity tranches of CLOs.

Associates will develop both quantitative and qualitative skills through the investment process and will have the opportunity to work with a wide range of industries and investment types. As a result of the breadth of the experience, the credit analyst will develop a unique understanding of companies and capital structures.

Responsibilities:

• Evaluating new investments in the Primary and Secondary Markets performing thorough analysis of the Borrowers’ business, industry drivers, inherent credit risks, and valuation/recovery prospects.
• Formulating a clear and concise credit view in order to persuasively communicate recommendations to the Investment Committee (including CLOs, SMAs, BDCs, and Closed End Funds) both verbally and in writing.
• Diligently monitoring companies in the assigned industry segments including recent news, quarterly/annual earnings announcements, ratings changes, and legal requests.
• Updating financial models for the assigned portfolio companies on a quarterly basis.

Qualifications:

Blackstone seeks to hire individuals who are highly motivated, intelligent and have demonstrated excellence in prior endeavors. The successful candidate should have:

• At least 2 years of relevant work experience from investment banking in an advisory, capital markets or restructuring group, or within a corporate credit, public or private equity asset manager, or equity investment research as of Summer 2026.
• Experience in analyzing financial statements and conducting due diligence.
• Exceptionally strong financial modeling skills.
• Strong organizational and process management skills.
• Strong communication skills, a demonstrated ability to write effectively.
• A desire to work in a team environment, and the ability to think and work independently.

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position. Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Expected annual base salary range: $140,000 - $140,000

Actual 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: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training. All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please email Human Resources at [e-mail].