Private Credit Associate
Associate - Private Credit Investments (1-3 Years Experience)
Location: Darien, CT | Hybrid | Full-Time
About the Opportunity
A leading private investment firm is seeking a highly motivated Associate to join the investment team. The firm specializes in high current yield private debt investments with equity upside, primarily in sponsored buyout transactions. With a lean, collaborative team structure and a disciplined investment approach, the firm is currently investing out of its fourth flagship fund, targeting $1.25 billion in commitments (with over $400 million already closed).
Investment Strategy Highlights
- Generalist approach with a focus on:
- Business services
- Technology
- Consumer staples
- Industrials
- Avoids exposure to oil & gas, restaurants, real estate mezzanine, and FIG
Deal Flow & Execution
- Average deal size: ~$50 million
- Lead investor in ~70% of transactions
- Annual deal review volume: ~150 opportunities
- Annual deal execution: 6-7 closed transactions
Key Responsibilities
- Analyze and underwrite private debt investment opportunities in sponsor-backed transactions
- Build and maintain detailed financial models and capital structures
- Conduct comprehensive business, industry, and financial due diligence
- Draft and present investment memoranda to the Investment Committee
- Support deal structuring, negotiation, and execution
- Monitor portfolio company performance and assist with ongoing asset management
Candidate Profile
- 1-3 years of investment banking experience, ideally within Leveraged Finance, Financial Sponsors, or M&A groups
- Strong financial modeling, valuation, and credit underwriting skills
- Excellent academic credentials (minimum GPA 3.3); standardized test scores (SAT/ACT) preferred
- Highly motivated, intellectually curious, and capable of thriving in a lean, entrepreneurial environment
- Please note: Visa sponsorship is not available for this role
Compensation & Benefits
- Base salary up to $150,000
- Target bonus of approximately 75% in year one, with upside potential
- Participation in the firm's carry program at the junior level
- Comprehensive benefits package and hybrid work flexibility
Location & Schedule
- Primary office in Darien, CT
- Hybrid schedule:
- 3 days/week in Darien (Mon-Wed)
- 1 day in NYC
- 1 day remote
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