Blackstone Multi-Asset Investing (BXMA)- Credit Team, Associate

Aplaro Ltd; New York (NY); On-site; USD 135,000 - 175,000; Full time

Benefits offered by this job

Comprehensive health benefits

401(k) plan

Discretionary bonuses

Paid time off

Life insurance

Job summary

Blackstone seeks an Investment Associate for the Credit Strategy team within BXMA in New York. The role focuses on underwriting investments, building complex financial models, and researching strategies across public and private markets.

You will help analyze exposures across asset classes including structured and corporate credit, asset-based finance, and real assets, presenting findings to senior management and investment committees.

Qualifications

• 3+ years of experience in investment banking, leveraged finance, credit investing, structured products, or a hedge fund / asset management platform.
• Strong financial modeling skills with advanced proficiency in Excel and PowerPoint.
• Strong written and verbal communication skills.
• Intellectually curious with a deep interest in markets.
• Self-starter, independently drive analysis and develop investment views.
• Team-oriented, collaborating across investment teams.
• Programming or data analysis experience (Python, SQL, VBA, or similar) is a strong plus.

Responsibilities

• Investment Sourcing & Underwriting: Working with broader team to source and conduct due diligence for prospective investments within the Credit space, including sourcing and underwriting public and private strategies across a wide range of asset classes.
• Portfolio Analysis: Continuous evaluation of existing portfolio exposures (across fund investments/partnerships, direct investments, and co-investments), including tracking key positions, themes, and exposures within portfolios, regular conversations with fund managers and industry participants, and challenging/stress-testing investment theses.
• Structuring: Assisting in structuring investments across partnerships, funds, co-investments, and direct transactions. Analyzing legal documentation, covenant structures, and transaction terms.
• Senior-Level Leadership Presentation: Creating materials for investment committees, regular portfolio discussions, and updates for senior management and external investors.

Skills

Financial modeling

Excel

PowerPoint

Python/SQL/VBA

Written & verbal communication

Team collaboration

Independent initiative

Tools

Excel

PowerPoint

SQL

VBA

Job description

Blackstone is the world's largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone's over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com . Follow @blackstone on LinkedIn , X (Twitter) , and Instagram .

Business Overview

Blackstone Multi-Asset Investing (BXMA) manages $101 billion across a diversified set of businesses. We strive to generate attractive risk-adjusted returns for our clients across market cycles. Our strategies include Absolute Return, Multi-Strategy, Total Portfolio Management, and Public Real Assets.

Role: Blackstone Multi-Asset Investing (BXMA) - Credit Team, Associate

The Credit Strategy team within BXMA invests across the global credit landscape, sourcing and underwriting opportunities throughout the capital structure across both public and private markets. Investments span partnerships with fund managers, operating platforms, co-investments, and direct investments. The team is seeking a highly analytical and eager Investment Associate who is excited to work across a broad opportunity set. The Associate will play a central role in underwriting investments, building complex financial models, and conducting thematic strategy research. This role offers exposure to a wide range of asset classes including structured credit, corporate credit, asset-based finance, and real assets.

Key Responsibilities

• Investment Sourcing & Underwriting Working with broader team to source and conduct due diligence for prospective investments within the Credit space, including sourcing and underwriting public and private strategies across a wide range of asset classes. Performing deep dive due diligence on fund managers, companies, and/or assets, including creating detailed financial models and scenario analysis and researching industries and themes
• Portfolio Analysis Continuous evaluation of existing portfolio exposures (across fund investments/partnerships, direct investments, and co-investments), including tracking key positions, themes, and exposures within portfolios, regular conversations with fund managers and industry participants, and challenging/stress-testing investment theses. Developing tools to process and analyze large data sets for individual investment underwriting as well as broader portfolio construction analyses
• Structuring Assisting in structuring investments across partnerships, funds, co-investments, and direct transactions. Analyzing legal documentation, covenant structures, and transaction terms
• Senior-Level Leadership Presentation Creating materials for investment committees, regular portfolio discussions, and updates for senior management and external investors

Qualifications

• 3+ years of experience in investment banking, leveraged finance, credit investing, structured products, or a hedge fund / asset management platform
• Strong financial modeling skills with advanced proficiency in Excel and PowerPoint
• Strong written and verbal communication skills
• Intellectually curious with a deep interest in markets
• Self-starter, independently drive analysis and develop investment views
• Team-oriented, collaborating across investment teams
• Programming or data analysis experience (Python, SQL, VBA, or similar) is a strong plus

The duties and responsibilities described here are not exhaustive and additional assignments, duties, and 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: $135,000 - $175,000. 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 and benefits offered in connection with the role consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses.

• comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits
• paid time off
• life insurance
• 401(k) plan
• discretionary bonuses

Certain employees may also be eligible for equity and other incentive compensation at Blackstone's sole discretion.

Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without re