Private Credit Associate/VP/Director - Asset Backed
Location: New York, NY (4 days/week) + Connecticut (1 day/week)
Platform: $50B Global Private Equity Firm - Credit Strategy
Team Size: Currently 3; hiring 2 additional investment professionals
Capital Deployed: $500M+ since launch (~2 years)
Firm Overview
Our client is a leading $50 billion global private equity platform with a rapidly growing private credit strategy focused on asset‑backed and specialty finance investments. The team has deployed over $500 million since forming the group two years ago and is now expanding to meet significant market opportunity. With a flexible, creative mandate and a collaborative culture, the group invests across a wide range of consumer and esoteric asset classes, including residuals and other complex collateral-backed opportunities.
Role 1: Associate - Asset‑Backed Finance
Position Overview
The Associate will play a central role in evaluating, underwriting, and monitoring asset‑backed and specialty finance investments across consumer, esoteric, and residual‑based strategies. This is an opportunity to join a lean, high‑performing team where Associates have meaningful ownership of analysis, portfolio management, and execution.
Key Responsibilities
Investment Underwriting & Analysis
- Build, maintain, and stress‑test detailed asset‑level cash flow, pool, and residual value models
- Perform deep dive analysis on consumer and esoteric asset classes, including historical performance, servicing behavior, and collateral characteristics
- Assess deal structures, credit enhancements, triggers, and waterfalls
Deal Execution
- Support due diligence across legal, operational, servicing, and collateral reviews
- Prepare investment committee materials and clearly articulate key risks
- Coordinate with external advisors, counterparties, and internal stakeholders
Portfolio Management
- Track ongoing pool performance, servicing trends, delinquencies, and reserve levels
- Participate in quarterly portfolio reviews and valuation discussions
- Maintain strong ongoing dialogue with partners and issuers
Ideal Background
- 2-4 years experience in:
- Asset‑backed finance / specialty finance investing
- Structured credit / securitization groups
- Investment banking within FIG/ABS, lending, or credit
- Strong modeling abilities (pool-level, cashflow waterfalls, structuring analysis)
- Familiarity with esoteric or consumer ABS, residuals, or specialty lending models
- Ability to thrive in a lean, entrepreneurial environment
Role 2: VP / Director - Asset‑Backed Finance
Position Overview
The VP/Director will be a senior member of the investment team, responsible for originating, structuring, underwriting, and managing asset‑backed investments. This individual will drive complex transaction workstreams, interface directly with issuers and counterparties, and help shape the continued build-out of the strategy.
This is a high‑visibility role offering the ability to materially influence a growing platform.
Key Responsibilities
Deal Sourcing & Origination
- Develop and maintain relationships across specialty finance, originators, lenders, servicers, and advisors
- Identify compelling opportunities across consumer ABS, esoteric assets, residuals, and structured solutions
- Lead preliminary deal screening and early‑stage structuring discussions
Underwriting & Structuring
- Oversee and refine asset‑level and cash flow modeling
- Evaluate collateral quality, servicing capabilities, operational infrastructure, and counterparty creditworthiness
- Structure bespoke, flexible capital solutions aligned with the firm's risk-adjusted return objectives
Execution Leadership
- Lead due diligence processes across legal, operational, and collateral workstreams
- Negotiate transaction documents, covenants, servicing terms, and structural protections
- Present recommendations to the IC with clear articulation of risks, mitigants, and structural considerations
Portfolio Management
- Monitor asset pools, compliance, servicing data, and trigger behavior
- Identify opportunities for follow‑on investments, refinancings, or restructurings
- Serve as the day‑to‑day lead on select portfolio relationships
Ideal Background
- 6-10+ years of experience in:
- Asset‑backed finance / specialty finance investing
- Structured credit, consumer finance, warehouse lending, or esoteric ABS
- Proven ability to lead deals with limited oversight
- Strong structuring expertise and comfort with complex collateral types
- Demonstrated relationship‑building capabilities
- Entrepreneurial mindset suited to a small, growing team
What Both Roles Offer
- Opportunity to join a rapidly scaling asset‑backed strategy within a top‑tier global platform
- High responsibility, high visibility, and a flat team structure
- Exposure to esoteric, consumer, and residual value strategies
- Flexible mandate with meaningful creativity in structuring
- Collaborative culture with senior principals closely involved in
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