Vice President or Director, Restructuring & Workouts - Private Credit

Kayne Anderson; Chicago (IL); Hybrid; USD 175,000 - 250,000; Full time

Benefits offered by this job

Competitive medical, dental, and vision insurance

Flexible spending accounts

Parental leave

$10,000 lifetime reimbursement for family forming services

Reimbursement of professional society memberships

Job summary

A leading alternative investment firm is seeking a Vice President or Director for the Restructuring & Workouts team to manage stressed and distressed portfolio investments. This role requires independent leadership in complex situations, working closely with teams and external advisors. The candidate should ideally possess 5-10 years of relevant experience in direct lending or credit restructuring. The position offers direct exposure to investment decisions, making it crucial for maintaining and enhancing investment value.

Qualifications

• 5–10 years of relevant experience in direct lending or workouts and credit restructuring.
• Experience working on the creditor/lender side is strongly preferred.
• Demonstrated involvement in complex restructurings and distressed situations.

Responsibilities

• Lead restructuring and workout situations across KAPC’s portfolio.
• Act as primary point of contact on select stressed/distressed investments.
• Develop and evaluate restructuring strategies including capital structure solutions.

Skills

Direct lending / private credit special situations or workouts

Credit restructuring groups at banks or investment firms

Financial modeling expertise

Strong understanding of capital structures

Comfort operating in a lean environment

Job description

Title: Vice President or Director, Restructuring & Workouts – Kayne Anderson Private Credit (KAPC)

Location: New York, NY or Chicago, IL

About Kayne Anderson

Kayne Anderson, founded in 1984, is a leading alternative investment management firm focused on real estate, credit, infrastructure, and energy. With a team defined by an entrepreneurial and resilient culture, Kayne Anderson’s investment philosophy is to pursue cash flow‑oriented niche strategies where knowledge and sourcing advantages enable us to deliver above average, risk‑adjusted investment returns. As responsible stewards of capital, Kayne Anderson’s philosophy extends to promoting responsible investment practices and sustainable business practices to create long‑term value for our investors. Kayne manages $40 billion in assets (as of 12/31/2025) for institutional investors, family offices, high net worth and retail clients and employs 350 professionals.

Position Overview

Kayne Anderson Private Credit (“KAPC”) is seeking a Vice President or Director to join its Restructuring & Workouts team. This individual will play a key role in managing stressed and distressed portfolio investments across KAPC’s middle market direct lending platform.

The role is designed for a hands‑on restructuring professional with a strong creditor‑side orientation who can independently lead complex situations while partnering closely with deal teams, management teams, and external advisors. The position offers significant responsibility, including primary leadership of select credits and direct exposure to investment committee decision‑making.

This hire will be an integral part of a lean, high‑impact team responsible for preserving and enhancing value across a diversified portfolio of middle market investments.

Responsibilities

• Lead restructuring and workout situations across KAPC’s portfolio, including both in‑court and out‑of‑court processes (e.g., amendments, liability management, Chapter 11, and rescue financings)
• Act as primary point of contact on select stressed/distressed investments, driving strategy, negotiations, and execution
• Develop and evaluate restructuring strategies, including capital structure solutions, liquidity management, and downside protection scenarios
• Engage directly with management teams, sponsors, and advisors, including participation in board meetings and creditor negotiations
• Oversee financial analysis and modeling, including liquidity forecasting, recovery analysis, and valuation work
• Coordinate internal stakeholders, including deal teams, investment committee, and senior leadership
• Manage external advisors, including legal counsel, financial advisors, and consultants
• Monitor broader portfolio trends, identifying early warning signals and proactively managing risk across credits
• Support underwriting teams on stressed situations, amendments, and opportunistic secondary or rescue investments

Ideal Candidate Profile

The ideal candidate will reflect a blend of restructuring advisory and direct lending experience, consistent with leading profiles in the market.

Core Experience

• 5–10 years of relevant experience in:
• Direct lending / private credit special situations or workouts
• Credit restructuring groups at banks or investment firms
• Experience working on the creditor / lender side is strongly preferred
• Demonstrated involvement in complex restructurings, including liability management and distressed situations

Key Skillsets

• Ability to independently lead transactions and workstreams, not just support execution
• Strong understanding of capital structures, credit documentation, and restructuring frameworks
• Experience with middle market companies, ideally in a direct lending context
• Financial modeling expertise, including liquidity analysis, recovery modeling, and downside scenarios
• Comfort operating in a lean, entrepreneurial environment with limited infrastructure

Differentiators

• Hybrid background across advisory and investing roles, providing both technical and ownership perspectives
• Experience engaging at the board or management level, particularly in operational or turnaround situations
• Track record of managing multiple concurrent situations within a portfolio setting

Personal Characteristics

• Highly self‑sufficient and accountable, with the ability to take full ownership of situations
• Strong judgment and decision‑making in complex, time‑sensitive environments
• Ability to balance analytical rigor with pragmatic, solution‑oriented thinking
• Comfortable operating with senior stakeholders and counterparties
• Team‑oriented, but capable of operating independently as needed

Why This Role

• Opportunity to take true ownership of restructuring situations, rather than operating as a junior execution resource
• Exposure to a diverse middle market portfolio, requiring both technical and strategic problem‑solving
• Ability to work within a nimble platform where individuals have meaningful influence on outcomes
• Direct interaction with senior leadership and investment committee
• Competitive medical, dental, and vision insurance
• Flexible spending accounts (dependent care, healthcare, limited purpose FSA)
• Accident and Critical Illness insurance
• Long Term Disability insurance
• Pet healthcare savings program
• Member’s Only Healthcare – healthcare navigation
• WellHub – corporate wellness platform
• $10,000 lifetime reimbursement for family forming services (e.g. IVF, adoption, surrogacy)
• Rocket Lawyer legal benefits
• Reimbursement of professional society memberships and exam fees
• Up to $10,000 matching annually for contributions to qualified non‑for‑profit organizations
• Parental leave
• Compensation: Approximately $175k to $250k base salary with a bonus target of 1.0‑2.0x base (depending on experience), plus carried interest in vehicles where appropriate.

Employment with the company is contingent on the applicant being able to provide proof of eligibility to work in the United States at the time of hire.

Equal opportunity employer. All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.