Special Situations Private Equity - Associate/ Senior Associate

Long Ridge Partners; New York (NY); On-site; USD 150,000 - 230,000; Full time

Job summary

Long Ridge Partners is seeking an Investment Associate/Senior Associate for its distressed and special situations platform in New York. You will work across the investment lifecycle, focusing on distressed for control, special situations, and distressed credit trading.

The role requires 3–8 years of relevant experience, strong modeling skills, and a contrarian approach to identifying fundamental value in volatile markets. Expect a lean team with rigorous execution expectations.

Qualifications

• 3–8 years of experience at top-tier banks or reputable buy‑side firms.
• Strong financial modeling and capital structure knowledge.
• Contrarian mindset with focus on fundamental value.
• Ability to manage multiple workstreams in a lean team.

Responsibilities

• Involved in all stages of the investment lifecycle for distressed and special situations.
• Analyze restructurings, private credit workouts, and event-driven opportunities.
• Evaluate securities and execute transactions with attention to detail.

Skills

Experience in investment banking/buy‑S

Job description

Our client is a premier global alternative investment firm managing over $20 billion in assets. Founded over two decades ago, the firm is a recognized leader in distressed and special situations investing across private equity and credit.

The Opportunity

Our client is seeking a high-caliber Investment Associate/Senior Associate to join the firm’s flagship distressed and special situations strategy.

Core Investment Strategies

You will be involved in all stages of the investment lifecycle across three primary pillars:

• Distressed for Control: Executing complex restructurings by acquiring senior debt positions to ultimately convert into equity ownership, targeting significant discounts to intrinsic value.
• Special Situations: Participating in unique event-driven opportunities, including public-to-private transactions, corporate carve-outs, and private credit workouts.
• Distressed Credit Trading: Analyzing liquid debt instruments for "pull-to-par" opportunities and high‑yeld secondary market trades.

Candidate Qualifications

• Experience: 3–8 years of experience at a top-tier investment bank (M&A, Leveraged Finance, or Restructuring) or a reputable buy-side firm (Private Equity or Distressed Debt).
• Technical Excellence: Superior financial modeling skills and a deep understanding of capital structures and bankruptcy/restructuring frameworks.
• Intellectual Curiosity: A contrarian mindset with the ability to look past market volatility to find fundamental value.
• Execution Skills: Ability to operate effectively within a lean team environment, managing multiple workstreams with high attention to detail.