Special Situations Private Equity - Associate/ Senior Associate

Long Ridge Partners; New York (NY); On-site; USD 180,000 - 240,000; Full time

Job summary

Long Ridge Partners, a premier global investment firm, seeks an Investment Associate/Senior Associate to join its distressed and special situations platform. You will work across three pillars and across the full investment lifecycle, collaborating with a lean but capable team to unlock value.

Ideal candidates bring 3–8 years of experience from top banks or reputable buy-side firms, strong financial modeling, and a keen understanding of capital structures and restructurings.

Qualifications

• 3–8 years of experience at top-tier investment bank (M&A, Leveraged Finance, or Restructuring) or reputable buy-side firm (Private Equity or Distressed Debt).
• Superior financial modeling skills and deep understanding of capital structures and restructuring frameworks.
• Contrarian mindset with ability to look past volatility to find fundamental value.
• Ability to manage multiple workstreams in a lean team with high attention to detail.

Responsibilities

• Participate in all stages of the investment lifecycle across three pillars: Distressed for Control, Special Situations, and Distressed Credit Trading.
• Contribute to evaluating and executing investments in distressed and special situations.
• Support execution and ongoing monitoring across portfolio companies and debt instruments.

Skills

Financial modeling

Capital structures

Restructuring knowledge

Contrarian mindset

Attention to detail

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-yield 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.