Blackstone Credit & Insurance - PCS–Origination – Principal

InforCapital, partnership; Cambridge (MA); Hybrid; USD 210,000 - 250,000; Full time

Job summary

Blackstone Credit & Insurance in Cambridge seeks a Principal for the Private Credit Strategies Group to originate private capital for Life Sciences companies and sponsors. You will structure flexible investments across capital stacks, lead due diligence, and collaborate with senior team members on multiple concurrent projects.

You will engage in sourcing, financial modeling, negotiations, and drafting memoranda for internal and external use, with a focus on growth financings and strategic

Qualifications

• Bachelor's degree in Finance, Economics, Business Administration or related field.
• 6+ years of experience investing in Life Sciences through investment banking, equity research, private credit and/or private equity with detailed financial modeling.
• 2+ years of experience in fund management, including fundraising, portfolio construction, fund finance, fund documentation and limited partner agreements.
• Experience structuring investments across royalty monetization, synthetic royalties and debt transactions.

Responsibilities

• Provide private capital for growth financings, recapitalizations, mergers and acquisitions and other corporate transactions within Life Sciences.
• Structure investments across the capital structure, including royalty monetization, synthetic royalties, senior debt, subordinated debt, private equity.
• Participate in transaction sourcing, due diligence, meetings with management, financial analyses and drafting investment memos.

Skills

Financial modeling

Sourcing private capital

Due diligence

Negotiation

Industry research

Team collaboration

Education

Bachelor's degree in Finance, Economics, Business Administration or related field

Job description

//Blackstone Credit & InsuranceLocationCambridge, United StatesCompensation$210,000 - $250,000## About This Role**Role overview**Principal on Blackstone Credit & Insurance's Private Credit Strategies Group (PCS), focused on originating private investment capital for publicly traded companies and private equity sponsors in the Life Sciences sector. Blackstone is the world's largest alternative asset manager, with over $1.3 trillion in assets under management across real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Blackstone Credit & Insurance (BXCI) is one of the world's leading credit investors, spanning private investment grade, asset-based lending, public investment grade and high yield, sustainable resources, infrastructure debt, CLOs, direct lending and opportunistic credit, and is a leading provider of investment management services for insurers.**Key responsibilities**- Provide private capital for growth financings, recapitalizations, mergers and acquisitions and other corporate transactions within Life Sciences.- Structure investments flexibly across the capital structure, including royalty monetization, synthetic royalties, senior debt (secured and unsecured), subordinated debt, preferred and common equity, and private equity.- Take part in all aspects of the investment process: transaction sourcing, business and scientific due diligence, meetings with management teams, financial and valuation analyses, industry research, legal documentation and drafting investment memos for internal and external use.- Work on numerous projects at once and closely with senior members of Blackstone.**Qualifications**- Bachelor's degree (or foreign equivalent) in Finance, Economics, Business Administration or a related field.- Minimum 6 years of experience investing in the Life Sciences sector through investment banking, equity research, private credit and/or private equity, including detailed financial modeling (royalty, credit and company operating models) and proprietary pharmaceutical revenue forecasts.- Minimum 4 years of experience sourcing, underwriting, diligencing, negotiating and closing royalty monetization, synthetic royalty and debt transactions, and originating opportunities through advisor networks and direct-to-corporate relationships.- Minimum 2 years of experience in fund management, including fundraising, portfolio construction, fund finance, fund documentation and limited partner agreements.**Compensation**Expected annual base salary range: $210,000 - $250,000, plus discretionary bonus and, for certain employees, equity and other incentive compensation.