Capital Markets Associate

Long Ridge Partners; New York (NY); On-site; USD 100,000 - 150,000; Full time

Job summary

A leading asset management firm in New York is seeking an experienced individual for a core investing role within their liquid credit research team. This position entails performing detailed credit analysis, underwriting investment opportunities, and presenting insights to senior PMs. Ideal candidates will have 2–3 years of buy-side or sell-side credit research experience, particularly with leveraged loans and high yield bonds. Strong financial modeling and analytical skills are essential for success in this role.

Qualifications

• 2–3 years of experience in sell-side or buy-side credit research.
• Direct experience with leveraged loans and/or high yield bonds.
• Strong financial modeling and credit underwriting skillset.

Responsibilities

• Perform detailed fundamental credit analysis across software and broader TMT issuers.
• Underwrite new investment opportunities across leveraged loans and high yield bonds.
• Build and maintain models, including downside and stress scenarios.
• Write investment memos and present investment ideas to the IC.

Skills

Financial modeling

Credit underwriting

Credit analysis

Understanding of leveraged loans

Understanding of high yield bonds

Job description

Currently partnered with a $75bn asset manager looking to expand their liquid credit research team. The role will support fundamental credit investing across leveraged loans and high yield bonds, working closely with senior PMs on idea generation, underwriting, and portfolio positioning.

This is a core investing seat with meaningful exposure to both primary and secondary markets, within a fundamentally driven, sector-focused investment process.

Responsibilities

• Perform detailed fundamental credit analysis across software and broader TMT issuers
• Underwrite new investment opportunities across leveraged loans and high yield bonds
• Build and maintain models, including downside and stress scenarios
• Write investment memos and present investment ideas to the IC
• Conduct relative value analysis across issuers and capital structures
• Monitor existing portfolio positions, including earnings updates, news flow, and market technicals

Requirements

• 2–3 years of experience in sell-side or buy-side credit research
• Direct experience with leveraged loans and/or high yield bonds strongly preferred
• Strong financial modeling and credit underwriting skillset
• Ability to assess capital structures, covenant packages, and downside risk