Blackstone Multi-Asset Investing (BXMA) - Multi-Strategy Platform, Associate

The Blackstone Group L.P.; New York (NY); On-site; USD 150,000 - 175,000; Full time

Benefits offered by this job

Health benefits

Paid time off

401(k) plan

Discretionary bonuses

Job summary

The Blackstone Group L.P. is looking for an Investment Associate in New York, NY. The role involves sourcing and underwriting credit investments, constructing financial models, and drafting investment memoranda.

Candidates should have 4+ years in credit investments, strong analytical skills, and be proficient in Excel and Bloomberg. The expected salary is $150,000 - $175,000, accompanied by comprehensive health benefits, paid time off, and discretionary bonuses.

Qualifications

• 4+ years of direct credit-investment experience within a buyside platform.
• Demonstrated track record managing stressed/distressed credit investments.
• Strong emotional intelligence and analytical skills.

Responsibilities

• Source and underwrite potential credit investments.
• Construct detailed financial models on securities.
• Draft and present investment memoranda.

Skills

Credit investment management

Financial modeling

Verbal communication

Analytical skills

Attention to detail

Education

Undergraduate degree

CFA progress or similar

Tools

Excel

Bloomberg

PowerPoint

Job description

Business Unit Overview

Blackstone Multi-Asset Investing (BXMA) manages approximately $88 billion across a diversified set of businesses. We strive to generate attractive risk‑adjusted returns across market cycles while mitigating downside risk. Our strategies include Absolute Return, which supports diversification, and Multi‑Strategy, which invests opportunistically across asset classes, including direct investments.

Job Overview

The Multi‑Strategy Investing platform ("MSI") was launched in 2011 and is the team's flagship commingled fund. MSI’s mandate is flexible across the capital structure – investing in equities, preferreds, converts, bonds, loans and structured investments. The team can execute on both private and public opportunities across geographies or industries. The MSI team is able to leverage BXMA’s hedge‑fund manager relationships, the broader Blackstone network (including Real Estate, Private Equity, Credit, and Strategic Partners), and the team’s direct relationships to source attractive investment opportunities. The team seeks an Investment Associate to support the fund’s fundamentally driven investment process.

Key Responsibilities

• Source and underwrite potential credit investments including high yield bonds, leveraged loans, distressed/special situations and bespoke capital solutions
• Construct detailed financial models on individual securities
• Draft and present investment memoranda
• Monitor existing investments by maintaining company models and updating position‑level investment scenarios and risk/reward expectations
• Conduct research on the macro and micro factors that may impact potential investments
• Serve as a key contributor driving direct credit investment opportunities across sectors and geographies
• Generate improved direct sourcing capability
• Enhance platform‑wide returns through rigorous credit underwriting and active portfolio/position management

Qualifications for Role

• Demonstrated track record managing and/or recommending stressed/distressed credit investments
• Familiarity with loan/bond documentation, collateral packages, intercreditor structures and covenant frameworks
• Advanced accounting and financial modeling skills
• Strong written and verbal communication skills; translate complex credit issues into clear recommendations
• A well organized and disciplined approach to work effort
• Strong analytical and quantitative skills
• Active listening skills; integrates new information and develops investment recommendations
• Strong emotional intelligence, professional integrity, and the intellectual curiosity to ask probing questions
• Proactive, hands‑on approach in a fast‑moving, deal‑driven environment

Additional Qualifications

• 4+ years of direct credit‑investment experience within a buyside platform
• Deep understanding of capital markets, credit trading strategies, liability management tools, and restructuring processes used by alternative asset managers
• Excellent verbal, written, and interpersonal communication skills to synthesize information quickly and communicate effectively
• Manage ad‑hoc projects with minimal oversight
• Strong proficiency in PowerPoint, Excel, and Bloomberg
• A growth mindset and eager to learn new concepts
• A team‑oriented mindset
• Strong attention to detail
• A willingness to incorporate artificial intelligence into the investment process
• Professional integrity and discretion with sensitive information
• Candidate should be a highly motivated and a team‑oriented individual who thrives in a dynamic environment
• Undergraduate degree is required; CFA or progress toward designation is a plus

Duties and Responsibilities

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.

Compensation & Benefits

Expected annual base salary range: $150,000 - $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. Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s sole discretion.

Equal Employment Opportunity

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.